Fermi Inc. (FRMI) stock

FRMINasdaqReal Estate Investment TrustsFiscal year ends December 31

Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 12, 2026

$2.61+0.55 (+26.70%)

Close on Nov 13, 2026Market cap $1.67BP/E –Yield –

Fermi statistics

57 measures from SEC filings and the closing price. Hover a name for the formula; the last column is the median of companies in the same industry group.

Important dates

Next earnings: Mar 29, 2027 (estimated, before the open)
Last ex-dividend date: No dividends
Fundamentals through: Jun 30, 2026
Share price as of: Nov 13, 2026

Valuation ratiosIndustry

Market Cap: $1.67B; $313.03M
Enterprise Value: $2.13B; $310.53M
PB Ratio: 1.62; 1.69
P/TBV Ratio: 1.62; 1.76

Share statisticsIndustry

Shares Outstanding: 640M; 30M
Shares Change (QoQ): 1.31%; 0.00%
Float: 230M; 24M
Shares Held by Insiders: 64.1%; 18.2%
Shares Held by Institutions: 25.2%; 68.7%

Short sellingIndustry

Short Interest: 58M; –
Short Interest Change: -8.20%; 0.52%
Short % of Float: 25.3%; 3.95%
Short % of Shares Outstanding: 9.09%; 3.18%
Days to Cover: 2.99; 1.00

Stock price statisticsIndustry

52-Week High: $21.74; –
52-Week Low: $1.44; –
20-Day Moving Average: $2.33; –
50-Day Moving Average: $3.58; –
200-Day Moving Average: $6.08; –
Average True Range (14): $0.38; –
Price Change (1 Week): 66.2%; 0.10%
Price Change (1 Month): -23.1%; 0.38%
Price Change (3 Months): -57.5%; 0.40%
Price Change (6 Months): -59.9%; 1.35%
Price Change (YTD): -67.4%; 2.76%
Price Change (1 Year): -88.0%; 1.94%
Average Volume (10 Days): 40M; –
Average Volume (20 Days): 29M; –
Average Volume (90 Days): 22M; –
Relative Volume: 3.52; 0.70
Relative Strength Index (14): 49.5; 56.1
Volatility (1 Year): 124.5%; 17.8%

Returns on capitalIndustry

Return on Equity (ROE): -134.9%; 3.35%
Return on Assets (ROA): -39.4%; 1.56%
Return on Invested Capital (ROIC): -39.9%; 8.68%

Financial positionIndustry

Debt / Equity: 0.50; 0.26

EfficiencyIndustry

Profits Per Employee: -$19.84M; $81.67K
Employee Count: 35; 67

Income statement (TTM)Industry

Operating Income: -$365.10M; -$564.58K
Net Income: -$694.51M; $3.99M
EBITDA: -$365.10M; $4.10M
EPS (Diluted): -$1.39; $0.29

Balance sheetIndustry

Cash & Short-Term Investments: $62.54M; $1.06M
Total Debt: $520.09M; $146.15M
Net Cash (Debt): -$457.56M; $866.50K
Net Cash Per Share: -$0.71; $0.04
Equity (Book Value): $1.03B; -$170.61K
Book Value Per Share: $1.61; -$0.01
Tangible Book Value: $1.03B; -$412.80K

Cash flow (TTM)Industry

Operating Cash Flow: -$87.55M; $9.07M
Capital Expenditures: -$1.11B; -$90.95M
Free Cash Flow: -$1.19B; $18.20M
FCF Per Share: -$1.86; $0.71

Dividends and yieldsIndustry

Earnings Yield: -41.5%; 2.16%
FCF Yield: -71.4%; 4.26%

Taxes and interestIndustry

Interest Expense: -$7.72M; $65.39M

Scores and fair valueIndustry

Altman Z-Score: 0.41; 10.24

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 13, 2026. The S&P 500 is measured by the SPY fund.

Period	FRMI	S&P 500	Difference
1 month	-29.8%	-3.0%	−26.8 pts
3 months	-60.5%	-2.8%	−57.7 pts
Year to date	-67.4%	+11.5%	−78.9 pts
1 year	-85.1%	+13.5%	−98.5 pts

Short interest

Shares sold short and not yet covered, reported by brokers to FINRA twice a month. Latest settlement date Oct 30, 2026.

58M FRMI shares were sold short on Oct 30, 2026, down 8.2% from the previous report, or 25.33% of the shares available to trade. At recent volumes it would take 3.0 days to buy them back. Over the last 20 sessions, 36.9% of the volume reported to FINRA was short selling.

Settlement date	Shares short	Change	Avg. daily volume	Days to cover
Oct 30, 2026	58,204,025	-8.2%	19,455,758	3.0
Oct 15, 2026	63,402,170	-5.1%	23,752,927	2.7
Sep 30, 2026	66,809,489	+5.2%	17,891,332	3.7
Sep 15, 2026	63,496,713	+5.1%	15,929,898	4.0
Aug 31, 2026	60,420,542	+22.6%	15,787,619	3.8
Aug 14, 2026	49,273,994	+4.5%	22,421,392	2.2
Jul 31, 2026	47,141,154	+10.9%	18,039,268	2.6
Jul 15, 2026	42,495,877	+25.5%	18,672,713	2.3
Jun 30, 2026	33,855,568	-2.8%	23,163,548	1.5
Jun 15, 2026	34,839,433	+15.6%	17,828,014	1.9
May 29, 2026	30,150,829	-8.6%	14,287,041	2.1
May 15, 2026	32,990,009	-9.4%	17,563,149	1.9

Ratios use trailing-twelve-month results and the latest balance sheet. How we calculate.

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