Fermi Inc. (FRMI) stock
Close on Nov 11, 2026Market cap $1.16BP/E –Yield –
Key statistics
Valuation at the latest close; fundamentals over fiscal , balances at Jun 30, 2026
Valuation
- Market cap
- $1.16B
- P/E ratio
- –
- Price to sales
- –
- Price to book
- 1.12
- Dividend yield
- –
- Free cash flow yield
- -103.01%
Fundamentals
- Net income
- -$694.51M
- EPS, diluted
- -$1.39
- Free cash flow
- -$1.19B
- Book value per share
- $1.62
- Diluted shares
- 637M
Trading
- Next earnings
- Q3 FY2026, expected soon
- Previous close
- $1.54
- Open
- $1.66
- Day's range
- $1.63 – $1.95
- Volume
- 29,762,650
- Average volume (20 days)
- 23,738,638
- Index membership
- Russell 1000 (since Dec 2025), Russell 3000 (since Nov 2025)
- 52-week range
- $1.44 – $23.75
- RSI (14 days)
- 32.8
- Volatility (1 year)
- 121.3%
- Relative volume
- 1.46×
On 1 of our idea list: Institutions accumulating
Index membership is inferred from the holdings of funds that track each index (IWB, IWV), as reported to the SEC for Jun 30, 2026. Join dates come from quarterly fund reports since 2019, so they are accurate to the quarter.
Total return vs. the S&P 500
Price change plus reinvested dividends, to the close on Nov 11, 2026. The S&P 500 is measured by the SPY fund.
| Period | FRMI | S&P 500 | Difference | FRMI per year | S&P 500 per year |
|---|---|---|---|---|---|
| 1 month | -47.2% | -2.4% | −44.8 pts | ||
| 3 months | -74.6% | -1.2% | −73.4 pts | ||
| Year to date | -77.4% | +12.3% | −89.7 pts | ||
| 1 year | -91.7% | +12.4% | −104.2 pts |
Two years at a glance
Fiscal years 2024 to 2025 and trailing twelve months, USD
Operating income
Net income
EPS, diluted
Free cash flow
Press releases
Releases Fermi filed with the SEC as exhibits to Form 8-K or 6-K
- Update
- Results
- Results
- Update
- Update
- Update
About Fermi
Real Estate Investment Trusts
Fermi Inc. develops and operates private power and computing campus infrastructure tailored for high-density artificial intelligence workloads. The company designs, constructs, and leases powered shell facilities integrated with dedicated, grid-independent energy generation assets, including natural gas-fired turbines, battery energy storage systems, solar installations, and planned nuclear generation. Its business model focuses on leasing powered campus space and ground under long-term agreements structured around contracted power capacity, invested capital, and cost reimbursements. Fermi targets hyperscale technology companies and large compute operators, such as cloud service providers, artificial intelligence infrastructure developers, semiconductor manufacturers, and enterprise or government organizations needing high-capacity computing power.
Company profile, executives and historyFermi stock: common questions
What is Fermi's stock price?
FRMI closed at $1.81 on Nov 11, 2026, up 17.53% on the day. Over the past 52 weeks it traded between $1.44 and $23.75.
What is Fermi's market cap?
Fermi was worth $1.16B at the close on Nov 11, 2026: the share price times the diluted shares outstanding.
What is FRMI's P/E ratio?
Fermi lost money over the twelve months to Jun 30, 2026 (diluted EPS -$1.39), so it has no meaningful P/E ratio.
Does Fermi pay a dividend?
No. Fermi has not paid a cash dividend over the last twelve months.
When does Fermi report earnings next?
Fermi's Q3 FY2026 results are due soon; the company has not yet filed them with the SEC.
How has FRMI stock performed over the past year?
Including dividends, FRMI returned -91.7% over the past year, against +12.4% for the S&P 500.
How many FRMI shares are sold short?
58M shares were sold short at the latest FINRA report, 25.33% of the float, or 3.0 days of average trading volume.
Who are Fermi's competitors?
Companies most similar to Fermi by business, industry and size include GEDC, FR, PW, CDP, HHH.
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