Fermi Inc.
Fermi Inc. (Nasdaq: FRMI) develops a private power and AI infrastructure campus for hyperscale and other large-scale compute users, including cloud providers, AI infrastructure operators, chipmakers, enterprises, and governmental entities. Its Project Matador in the Texas Panhandle is designed to combine powered-shell… From the company’s description.
In fiscal 2025, Fermi Inc. reported a net loss of $486.38M. Operations used $34.15M in cash.
Dotted labels explain each measure.
What Fermi Inc. does
In the company’s own words
Fermi Inc. (Nasdaq: FRMI) develops a private power and AI infrastructure campus for hyperscale and other large-scale compute users, including cloud providers, AI infrastructure operators, chipmakers, enterprises, and governmental entities. Its Project Matador in the Texas Panhandle is designed to combine powered-shell data center facilities with on-site energy generation, electrical distribution, water and cooling systems, and fiber connectivity; tenants may also lease land to build their own facilities. The planned power mix includes natural gas generation, supplemental grid supply, battery storage, solar energy, and longer-term nuclear generation. Fermi expects to earn revenue primarily from long-term tenant leases, with payments tied in part to reserved power capacity, but has not generated revenue to date. The company was formed in January 2025 and operates as a development-stage business focused on Project Matador, which it controls through a 99-year ground lease covering approximately 5,236 acres. The campus is designed for up to 11 GW of generation capacity and approximately 15 million square feet of compute infrastructure, with potential expansion subject to additional land acquisitions and permits.
Company details
- Sector
- Real Estate
- Industry (SIC)
- REITs
- Headquarters
- DALLAS, TX
- Fiscal year end
- December
- CIK
- 2071778
- SIC
- 6798
Financial performance, year by year
Fiscal 2025–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns Fermi Inc. — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · Fermi Inc.’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
Compare this company with peers, find it in your funds and follow its financial history with your connected AI:
- “How do Fermi Inc. and its peers compare on margins and cash generation over ten years?”
- “Where did five years of Fermi Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
- “What changed in Fermi Inc.'s last four quarterly filings that the numbers alone won't show?”