The Tip Desk

Fermi Inc.

Company Stats

Market Cap
$2.7B
as of Sep 30, 2026
Shares Outstanding
640.5M
Free Float
66.7%

Income Statement

Operating Income
-$177.8M
Net Income
-$486.4M

Cash Flow

Free Cash Flow
-$603.5M
FCF Yield
-22.4%

Balance Sheet

Cash & Equivalents
$408.5M

Cash Flow by Year

YearRevenueFCFMargin
FY2025—-$603.5M—

Annual filing data through FY ended December 31, 2025; shares and float as of October 7, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage