Stocks Real estate FRMI
NASDAQ · Real estateFermi Inc. (FRMI)
It posted a net loss of $694.5M. In fiscal 2025 capital spending exceeded operating cash flow by $603.5M. At June 30, 2026 it held $62.5M in cash against $520.1M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 14, 2026.
Key facts about Fermi Inc.
- Net worth
- Fermi Inc. has a market value (market cap) of $1.1B at the latest share price, and shareholders' equity of $1B on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Cash flow
- In fiscal 2025 operations used $34.2M of cash.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on August 14, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
What Fermi Inc. does
Fermi Inc. is registered with the SEC under industry code SIC 6798 (Real Estate Investment Trusts). Its shares trade on NASDAQ under the ticker FRMI.
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | n/a | -$486.4M | -$1.13 | -$603.5M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Latest SEC filings
What Fermi Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 4, 2026
- October 16, 2026Other event 8-K
- October 14, 2026
- October 2, 2026
- October 2, 2026Proxy statement DEF 14A
- September 11, 2026Form PX14A6G filing PX14A6G
- August 31, 2026
- August 14, 2026
- August 14, 2026Passive stake changed SCHEDULE 13G/A
- August 14, 2026
Insider trades
What the people running Fermi Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $28.7M worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| November 5, 2026 | Neugebauer Toby R10% owner | Soldindirect | 5,000,000 | $7.6M |
| November 4, 2026 | Neugebauer Toby R10% owner | Soldindirect | 94,000 | $187.5K |
| November 3, 2026 | Neugebauer Toby R10% owner | Soldindirect | 1,281,900 | $2.6M |
| November 3, 2026 | Neugebauer Toby R10% owner | Soldindirect | 1,281,900 | $2.6M |
| October 20, 2026 | Neugebauer Toby R10% owner | Soldindirect | 420,749 | $1.3M |
| October 14, 2026 | Neugebauer Toby R10% owner | Soldindirect | 1,297,200 | $4.1M |
| October 13, 2026 | Neugebauer Toby R10% owner | Soldindirect | 2,750,000 | $10.3M |
| August 20, 2026 | Ortiz Blanes JacoboChief Operating Officer | Received as pay | 147,059 | - |
Who owns FRMI
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Toby Neugebauer13G, passive with 2 related filers | 24.1% | November 14, 2025 |
| Griffin Perry13G, passive with 1 related filers | 9.7% | April 15, 2026 |
| Caddis Holdings, LP13G, passive with 1 related filers | 8.2% | July 20, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 295 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| SRS Investment Management, LLC | 20,205,579 | new |
| Citadel Advisors LLC | 8,587,055 | +2,365,349 |
| Point72 Asset Management, L.P. | 7,036,123 | +5,790,511 |
| D. E. Shaw & Co., Inc. | 5,418,891 | +4,590,533 |
| Millennium Management LLC | 4,303,619 | +4,244,460 |
| BlackRock, Inc. | 4,202,985 | +3,397,240 |
| Marshall Wace, Llp | 4,160,290 | +3,883,540 |
| ExodusPoint Capital Management, LP | 4,068,302 | +4,037,542 |
| Gotham Asset Management, LLC | 3,943,404 | +3,586,239 |
| Nexpoint Asset Management, L.P. | 3,941,477 | +2,639,999 |
| Vanguard Portfolio Management LLC | 3,852,877 | +3,683,020 |
| Goldman Sachs Group Inc | 3,802,523 | -1,634,934 |
| BlueCrest Capital Management Ltd | 3,632,795 | new |
| CastleKnight Management LP | 3,292,022 | +3,138,422 |
| UBS Group AG | 3,204,530 | -5,712,668 |
| Cetera Investment Advisers | 3,170,950 | +1,969,852 |
| Vanguard Capital Management LLC | 3,144,803 | +3,024,665 |
| Alyeska Investment Group, L.P. | 2,886,836 | +1,303,979 |
| Susquehanna International Group, Llp | 2,702,576 | +1,320,121 |
| Ratan Capital Management LP | 2,158,749 | new |
Insiders
12 insiders reported holding 186,397,225 shares in total, about $309.4M at the last price.
| Holder | Shares |
|---|---|
| Neugebauer Toby R10% owner | 84,813,01084,813,010 held indirectly |
| Perry Griffin10% owner | 60,946,45060,946,450 held indirectly |
| Perry James RichardDirector | 15,827,807 |
| Everson Miles E.Director | 10,005,519 |
| Ortiz Blanes JacoboChief Operating Officer | 5,616,151 |
| Hamilton Charles LynnChief Site Development Officer | 5,525,910 |
| Uzman MesutChief Nuclear Constr. Officer | 1,341,459670,491 held indirectly |
| Haas MariusDirector | 1,075,094 |
| Mcintire Lee AChief Executive Officer, Director | 784,913 |
| Stein Jeffrey ScottDirector | 250,000 |
Questions about FRMI
What does Fermi Inc. do?
Fermi Inc. is a company in the Real estate sector, listed on NASDAQ as FRMI. Its shares trade on NASDAQ under the ticker FRMI.
What is Fermi Inc.'s net worth?
Fermi Inc. has a market value (market cap) of $1.1B at the latest share price, and shareholders' equity of $1B on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Fermi Inc. profitable?
No. Over the twelve months to June 30, 2026 it reported a net loss of $694.5M.
When did Fermi Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on August 14, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the insider trade from November 5, 2026.
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Where the numbers come from
Financial figures are the values Fermi Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.