Fermi Inc. Common Stock FRMI
Fermi Inc. is dedicated to establishing essential energy infrastructure. The company plans to build an integrated campus that combines energy production with data center facilities, designed to meet the significant requirements of forthcoming artificial intelligence infrastructure. Co-founded by Rick Perry, Toby Neugebauer, and Griffin Perry, the firm was established on January 10, 2025, and operates from its headquarters in Amarillo, Texas.
Business overview written from the company's own Form 10-K (Item 1), filed 2026-03-30 — refreshed whenever it files a new one. The figures above are current; see its SEC filings. ✓ From the 10-K
Plain-English: the Snapshot is the quick read — what it pays you (yield, dividend), how its cash flow looks (FFO/AFFO, Price/OCF) and how much debt it carries. Switch to Expert in the header to hide these explanations.
Snapshot
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $0.00 | $-486.38M | $0.00 | $-486.38M | $-34.15M |
Dividends
No dividend history on record.
Recent news — FRMI
I Don't Need A Data Center In My Backyard; I Already Own Hundreds Of Them
Fermi: Hyper Moore's Law For Power May Dwarf The Governance Issues
Rick Perry's Fermi Finally Finds a Customer for Its Giant Texas AI Power Bet
Why Fermi Stock Is Down 10% Today
Fermi Inc. (FRMI) Q2 2026 Earnings Call Transcript
Fermi Q2 Earnings Call Highlights
Fermi Lands Its First Anchor Customer And Names A CEO As Project Matador Moves To Construction
Fermi Stock Rises on Earnings. The Big Stock Move Already Happened This Week.
Headlines via Financial Modeling Prep; links open the original publisher in a new tab. Not an endorsement or investment advice.
Other Specialty REITs
Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.