Fermi Inc.

Listed Company

FRMICIK 0002071778NasdaqNon-AcceleratedEmerging GrowthReal Estate Investment TrustsTexasFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$-486.38M

Total Assets

$1.41B

Equity

$1.10B

Shares Out

637.57M

Op. Cash Flow

$-34.15M

Business

Fermi Inc. is a publicly listed company in Real Estate Investment Trusts, incorporated in Texas. Common stock trades on Nasdaq under the ticker FRMI.

Auto-generated from company profile

Year Ended · In millions, except per-share amounts

Concept	Trend	FY 2025 2025-12-31
General and administrative		178
Total expenses		178
Loss from operations		−178
Interest income (expense), net		4
Other income (expense), net		−312
Total other income (expense)		−309
Net loss		−486
Net loss per share basic (in dollars per share)		−1.13
Net loss per share diluted (in dollars per share)		−1.13
Weighted average shares outstanding basic (in shares)		468
Weighted average shares outstanding diluted (in shares)		468

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31
Property, plant, and equipment, net	935	—
Cash and cash equivalents	409	—
Prepaid expenses and other assets	48	—
Operating lease right-of-use assets	22	—
Total assets	1,413	—
Debt, net	110	—
Accounts payable and accrued liabilities	177	—
Operating lease liabilities	21	—
Other liabilities	10	—
Total liabilities	317	—
Commitments and contingencies (Note 10)	—	—
Common stock, $0.001 par value; 2,400,000,000 shares authorized, 629,839,790 shares issued and outstanding as of December 31, 2025	628,000	—
Preferred stock, $0.001 par value; 10,000,000 shares authorized, and no shares issued or outstanding as of December 31, 2025	0	—
Additional paid-in capital	1,228	—
Accumulated deficit	−133	—
Total stockholders equity	1,096	0
Total liabilities and stockholders equity	1,413	—

Year Ended · In millions, except per-share amounts

Concept	Trend	FY 2025 2025-12-31
Share-based charitable contribution expense		174
Change in fair value as a result of fair value remeasurements		112
Series A and Series B Convertible Notes inducement expense		24
Foreign exchange (gain) loss, net		3
Other non-cash activities		653,000
Accounts payable and accrued liabilities		15
Prepaid expenses and other assets		−8
Net cash used in operating activities		−34
Investments in property, plant, and equipment		−569
Other investing activities		−956,000
Net cash used in investing activities		−570
Proceeds from issuance of Series A Convertible Notes		76
Proceeds from issuance of Seed Convertible Notes		26
Proceeds from issuance of Preferred Units		108
Proceeds from issuance of Macquarie Term Loan		100
Payment of Promissory Note		−20
Payment of debt issuance costs		−1
Payment of offering costs		−21
Proceeds from share issuance upon initial public offering, net of underwriting discounts and commissions		746
Other financing activities		354,000
Net cash provided by financing activities		1,013
Change in cash and cash equivalents		409

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