Fermi Inc.(FRMI)Stock Analysis
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Pending next ranking run
This company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. Rankings refresh on Jan 1, Apr 1, Jul 1, Oct 1.
Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.
FRMI Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Fermi Inc. (FRMI), a Real Estate sector company. FRMI is not currently included in 13F Pro's AI-ranked quality universe — this company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. rankings refresh on jan 1, apr 1, jul 1, oct 1. Based on the latest XBRL financial filings (Q1 2026), Fermi Inc. reports net income of $-188.7M, free cash flow of $-448.5M. Top institutional holders of FRMI by reported 13-F value include UBS Group AG, CITADEL ADVISORS, GOLDMAN SACHS GROUP, based on the most recent SEC filings. FRMI trades on the Nasdaq exchange and files with the SEC under CIK 2071778. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate FRMI daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Fermi Inc. directly from SEC EDGAR.
Net Income
Q1 2026
$-188.7M
Free Cash Flow
Q1 2026
$-448.5M
ROIC
Q1 2026
-11.1%
AI Insight: FRMI Financial Trends
Fermi swung to massive operating losses in Q4 2025–Q1 2026, with debt nearly doubling while equity contracted.
• Operating income deteriorated from $-134M in Q4 2025 to $-166M in Q1 2026; net losses widened to $-189M.
• Total debt surged 106% from $408M in Q4 2025 to $843M in Q1 2026 amid operating cash burn of $-7M to $-26M.
⚠ Equity recovery from $302M (Q3 2025) to $1.1B (Q4–Q1) suggests large capital injection; sustainability unclear amid ongoing losses.
⚠ Operating cash outflows persist; no revenue data disclosed for recent quarters limits visibility into operational recovery path.
AI Insight: FRMI Ratio Trends
Fermi swung to deep losses in Q4 2025 and Q1 2026, with ROE collapsing to -70.4% and leverage rising to 0.79x D/E.
• ROE deteriorated from -48.6% in Q4 2025 to -70.4% in Q1 2026, signaling accelerating shareholder value destruction.
• D/E ratio more than doubled from 0.37 in Q4 2025 to 0.79 in Q1 2026, indicating rising financial leverage amid losses.
⚠ Operating and net profit margins unavailable; unable to assess operational performance or cost structure deterioration.
⚠ ROA dropped to -42.5% in Q1 2026 from -37.7% in Q4 2025 — asset base generating negative returns.
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Available Research
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Top Institutional Holders of FRMI
UBS Group AG
$52.1M8,917,198 shCITADEL ADVISORS LLC
$36.3M6,221,706 shGOLDMAN SACHS GROUP INC
$31.8M5,437,457 shCITADEL ADVISORS LLC
$21.8M3,736,400 shBARCLAYS PLC
$17.7M3,025,437 shPoint72 Asset Management, L.P.
$14.8M2,527,400 shWeiss Asset Management LP
$14.1M2,415,027 shTORTOISE CAPITAL ADVISORS, L.L.C.
$13.3M2,280,837 shADAGE CAPITAL PARTNERS GP, L.L.C.
$13.1M2,250,000 shJANE STREET GROUP, LLC
$11.0M1,878,100 sh
| Fund | Value | Shares |
|---|---|---|
| UBS Group AG | $52.1M | 8,917,198 |
| CITADEL ADVISORS LLC | $36.3M | 6,221,706 |
| GOLDMAN SACHS GROUP INC | $31.8M | 5,437,457 |
| CITADEL ADVISORS LLC | $21.8M | 3,736,400 |
| BARCLAYS PLC | $17.7M | 3,025,437 |
| Point72 Asset Management, L.P. | $14.8M | 2,527,400 |
| Weiss Asset Management LP | $14.1M | 2,415,027 |
| TORTOISE CAPITAL ADVISORS, L.L.C. | $13.3M | 2,280,837 |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $13.1M | 2,250,000 |
| JANE STREET GROUP, LLC | $11.0M | 1,878,100 |
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Popular Research
Is FRMI a good stock to buy?
13F Pro's AI-powered analysis of Fermi Inc. (FRMI) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Real Estate sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for FRMI are available on the FRMI stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own FRMI?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling FRMI. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Fermi Inc.'s investment landscape.