Fermi Inc. Common Stock (FRMI) Stock Score, Valuation & Financial Research

Fermi Inc. Common Stock is in the Real Estate sector and REIT - Specialty industry. It is reviewed using Wall Street Score's company-strength, valuation, growth and financial-health framework. A complete Wall Street Score is not currently available.

Quick answer for FRMI

Fermi Inc. Common Stock does not currently have a complete Wall Street Score. The stored market price is USD 4.23. These figures are a research snapshot, not a buy or sell recommendation.

What Fermi Inc. Common Stock does

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.

Company business and revenue

Research reporting period: 2025-12-31. A research update is not a new financial filing.

How the company makes money

Fermi Inc. is a development-stage company that has not yet generated revenue. Its business model focuses on the development of power generation and compute facilities, specifically through the sponsorship of nuclear Combined License Applications for reactor technology.

Products and services

  • The company is in the development stage and does not currently offer commercial products or services; it is focused on the regulatory and development processes for nuclear power infrastructure.

Business risks and research considerations

  • Development-stage status with no revenue-generating operations Source
  • Lack of completed power generation or compute facilities Source
  • Limited operating history Source

Sources: Company research source

Company research refreshed 2026-10-12. This is saved research, not a live check of company relationships. Check the reporting period and source disclosures. Financial figures and scores follow their separate update schedules.

FRMI financial snapshot

Statement amounts: USD. Quote amounts: USD. No exchange-rate conversion is performed in this snapshot. Market-capitalization currency is not supplied by this projection.

Wall Street Score:
Not currently available
Stored price:
USD 4.23
Market capitalization:
2.7B (currency not supplied)
Revenue:
USD 0.00
Net income:
USD -694.51M
Free cash flow:
USD -603.46M
Cash:
USD 62.54M
Total debt:
USD 131.12M
EPS:
USD -1.39

What stands out

  • Free cash flow is USD -603.46M, negative for the stored period.
  • The balance sheet shows USD 62.54M of cash versus USD 131.12M of total debt, with debt exceeding cash on these two reported measures.
  • The current research record carries a fundamental change risk warning, which should be reviewed alongside the score.

Company-specific financial comparisons

The following are calculated from saved company data, not forecasts or statements about future performance. Differences in reporting dates or units can make a ratio misleading; verify the original filings.

  • Debt exceeds cash by USD 68.58M using the stored balance-sheet values. This does not include other obligations or restricted cash.

Questions worth answering for FRMI

Use these questions to check the stored figures against the latest company filings. They identify issues to investigate; they are not findings about management's plans or future results.

  • How long can FRMI fund negative free cash flow using its current cash position before it may need more debt or new shares?
  • Is FRMI's debt load manageable relative to cash generation, interest costs and upcoming maturities?
  • What specifically needs to improve for FRMI to reach sustainable profitability?
  • What does the current fundamental change risk warning mean for the reliability or interpretation of FRMI's score?

What the numbers mean

A complete valuation score is not currently available, so valuation should be checked using the available earnings, cash-flow and price data.

A complete financial score is not currently available, so investors should review cash, debt, earnings and cash flow directly.

A strong company and an attractive stock price are not always the same thing. Revenue, earnings, free cash flow, debt, management quality, competitive advantage and valuation should be considered together. Wall Street Score organizes these inputs into a consistent research framework so investors can identify what deserves deeper review.

Data freshness: Financial data last refreshed 2026-10-01.

Research-input completeness: 55% of the scoring inputs required for this public page are currently available.

How to research FRMI

Start by understanding how the company makes money. Then compare revenue and earnings trends, cash generation, debt, liquidity and valuation. Review the company's latest filings and earnings reports before acting on any score or model estimate.

Learn how to analyze a stock · Read the Wall Street Score methodology · Browse other stocks

Data may change as company filings and market prices update. Educational research only; not a buy or sell recommendation.