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Fermi Inc.

FRMI Real Estate Real Estate Investment Trusts
$2.55
▼ -10.8% Today
as of Oct 23, 16:48 ET
Last 30 days -49.50% Sep 14 → Oct 23
$2.34 $3.09 $3.84 $4.60 $5.35 Sep 14 Sep 22 Sep 30 Oct 07 Oct 15 Oct 23
Open
$2.62
High
$2.66
Low
$2.53
Volume
$17M
Avg Vol
$14M
Mkt Cap
$2.6B
P/E (TTM)
—
Beta
—
52w High
$30.90
52w Low
$2.53
Div Yield
—
Shares Out
$638M

Recent Press Releases & News last 60 days · 18 items

Oct 21 · 12:30 PR ACCESS Newswire
Fermi Provides Letter to Shareholders from CEO Lee McIntire on Financing Fermi's Next Chapter
Oct 15 · 17:20 MarketBeat
AMD's Support Could Help Fermi Stock Overcome Its Biggest Hurdle
Oct 13 · 18:46 Barrons.com
Fermi Stock Soars 20% on AMD Deal. Why Analysts See Hurdles Ahead.
▸ Show all 18 press releases & news Free account →

FRMI earnings at a glance

The options market is pricing a move of about ±9.6% after the report, a range of roughly $2.31 to $2.79 from today's $2.55. Over its last 1 reports the stock rose the next day 1 time and fell 0, moving ±22.8% on average; after the most recent report on May 14, 2026 it moved +22.8%. That means options currently expect less movement than FRMI has typically delivered. Implied volatility is currently 230%. The share price of $2.55 sits near its 52-week low.

More Real Estate stocks · All stocks · Earnings calendar

Overview

52-week range
$2.53
$31
0% of range
Avg surprise (last 0)
—
Avg reaction (last 1)
+22.8%
100% positive
Latest IV / EM
230%
EM ±9.6% · $4 · Oct 9

Earnings trends

EPS — actual vs estimate Actual Estimate
$-0.84$-0.64$-0.43$-0.22$-0.02 Actual $-0.02Actual $-0.84Actual $-0.30Actual $-0.04 MarJunSep/2025Mar/2026Jun
Revenue vs Net Income Revenue Net income
$-347M$-260M$-173M$-87M$-81,900 Mar 25Jun 25Sep 25Mar 26Jun 26

Earnings history

DatePeriodActual EPSEstSurpriseYoY %ΔDay reactSource
Tue Jun 30, 2026Jun 2026 $-0.04 — — — — financials
Thu May 14, 2026Mar/2026 $-0.30 — — — +22.8% earnings
Mon Nov 10, 2025Sep/2025 $-0.84 — — — — earnings
Mon Jun 30, 2025Jun 2025 $-0.02 — — — — financials
Mon Mar 31, 2025Mar 2025 — — — — — financials

Financials

Income statement (quarterly)

MetricJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025
Revenue——————
Cost of revenue——————
Gross profit——————
Operating income$-27M$-166M—$-38M$-6M$-78,000
Net income$-26M$-189M—$-347M$-6M$-78,000
EPS (diluted)$-0.04$-0.30—$-0.84$-0.02—

Balance sheet (quarterly)

MetricJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025
Cash & equivalents$63M$208M$409M$84M$40M$219,000
Inventory——————
Total current assets——————
Total assets$1.76B$1.78B$1.41B$503M——
Long-term debt$520M$421M$110M$154M——
Total liabilities$731M$705M$317M$200M——
Total equity$1.03B$1.07B$1.10B$302M$-2M$420,000

Implied volatility — last 90 days

97%146%196%245%295% Jun 07 — IV 157% · EM ±14.7%Jun 08 — IV 142% · EM ±11.8%Jun 09 — IV 152% · EM ±11.0%Jun 10 — IV 209% · EM ±12.4%Jun 11 — IV 138% · EM ±5.8%Jun 15 — IV 189% · EM ±13.7%Jun 16 — IV 204% · EM ±12.0%Jun 17 — IV 206% · EM ±8.6%Jun 19 — IV 171% · EM ±18.9%Jun 22 — IV 180% · EM ±15.0%Jun 23 — IV 185% · EM ±13.4%Jun 24 — IV 178% · EM ±10.5%Jun 25 — IV 204% · EM ±8.5%Jun 29 — IV 141% · EM ±33.3%Jun 30 — IV 138% · EM ±32.2%Jul 01 — IV 155% · EM ±6.5%Jul 03 — IV 140% · EM ±15.5%Jul 06 — IV 174% · EM ±14.5%Jul 07 — IV 175% · EM ±12.7%Jul 08 — IV 178% · EM ±10.5%Jul 09 — IV 195% · EM ±8.2%Jul 13 — IV 152% · EM ±12.7%Jul 14 — IV 154% · EM ±11.1%Jul 15 — IV 169% · EM ±10.0%Jul 16 — IV 153% · EM ±6.4%Jul 20 — IV 142% · EM ±11.8%Jul 21 — IV 136% · EM ±9.8%Jul 22 — IV 136% · EM ±8.1%Jul 23 — IV 188% · EM ±7.8%Jul 27 — IV 153% · EM ±12.8%Jul 28 — IV 191% · EM ±13.8%Jul 29 — IV 220% · EM ±13.0%Jul 30 — IV 295% · EM ±12.3%Aug 03 — IV 175% · EM ±24.2%Aug 04 — IV 164% · EM ±21.6%Aug 05 — IV 157% · EM ±19.7%Aug 06 — IV 161% · EM ±19.1%Aug 07 — IV 153% · EM ±16.9%Aug 10 — IV 182% · EM ±15.2%Aug 11 — IV 169% · EM ±12.2%Aug 12 — IV 195% · EM ±11.5%Aug 13 — IV 154% · EM ±6.4%Aug 17 — IV 111% · EM ±9.3%Aug 18 — IV 119% · EM ±8.6%Aug 19 — IV 132% · EM ±7.8%Aug 20 — IV 110% · EM ±4.6%Aug 24 — IV 112% · EM ±9.3%Aug 25 — IV 104% · EM ±7.5%Aug 26 — IV 119% · EM ±7.0%Aug 27 — IV 109% · EM ±4.5%Aug 31 — IV 102% · EM ±8.6%Sep 01 — IV 97% · EM ±7.0%Sep 02 — IV 125% · EM ±7.4%Sep 03 — IV 135% · EM ±5.6%Sep 07 — IV 111% · EM ±9.3%Sep 08 — IV 115% · EM ±8.3%Sep 09 — IV 114% · EM ±6.7%Sep 10 — IV 134% · EM ±5.6%Sep 14 — IV 118% · EM ±9.9%Sep 15 — IV 138% · EM ±10.0%Sep 16 — IV 195% · EM ±11.5%Sep 17 — IV 109% · EM ±4.6%Sep 21 — IV 106% · EM ±8.9%Sep 22 — IV 103% · EM ±7.4%Sep 23 — IV 105% · EM ±6.2%Sep 24 — IV 117% · EM ±4.9%Sep 28 — IV 99% · EM ±23.4%Sep 29 — IV 100% · EM ±23.4%Sep 30 — IV 159% · EM ±9.4%Oct 01 — IV 118% · EM ±4.9%Oct 06 — IV 123% · EM ±8.9%Oct 07 — IV 106% · EM ±6.3%Oct 08 — IV 230% · EM ±9.6%

Sector peers

DX
Dynex Capital, Inc.
$2.6B $10.92-1.2%
DRH
Diamondrock Hospitality Company
$2.5B $13.76-1.3%
AKR
Acadia Realty Trust
$2.5B $18.78+3.2%
FCPT
Four Corners Property Trust, Inc.
$2.3B $22.15+4.5%
IVT
InvenTrust Properties Corp.
$2.3B $30.08+2.4%
LTC
LTC Properties, Inc.
$2.3B $43.75+3.7%

FRMI earnings FAQ

What is FRMI's expected move for earnings?

Options currently price a move of about ±9.6%, or $0.24 per share either way from $2.55.

How does FRMI stock usually react to earnings?

Across the last 1 reports the average next-day move was ±22.8%, up 1 times and down 0 times.

What is FRMI's implied volatility?

FRMI's at-the-money implied volatility is about 230% based on the latest options snapshot.

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