Fermi (FRMI) Free Cash Flow (2025 - 2026)
Fermi (FRMI) posted Free Cash Flow of -$233.64 million for Q2 2026, compared with -$42.85 million a year earlier.
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Analysis
Fermi (FRMI) Free Cash Flow (2025 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Free Cash Flow at Fermi was -$1.24 billion; for FY2025, it was -$603.46 million.
- Quarterly Free Cash Flow has run from a low of -$506.13 million in Q4 2025 to a high of -$78,000 in Q1 2025 over five years.
- According to Business Quant data, Free Cash Flow for the three prior quarters was -$448.53 million (Q1 2026), -$506.13 million (Q4 2025) and -$54.39 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Digital Realty Trust | 67.83 Bn | 60.88 Bn | - | -999.72 Mn |
| 2 | Crown Castle | 38.07 Bn | 36.74 Bn | 982.00 Mn | -10.00 Mn |
| 3 | Sba Communications | 19.99 Bn | 18.63 Bn | 542.40 Mn | 259.06 Mn |
| 4 | Lamar Advertising | 16.59 Bn | 16.38 Bn | - | 228.81 Mn |
| 5 | OUTFRONT Media | 5.79 Bn | 5.55 Bn | 268.20 Mn | 108.50 Mn |
| 6 | American Tower | 2.96 Bn | 2.48 Bn | 2.70 Bn | 951.10 Mn |
| 7 | IHS Holding | 2.85 Bn | -1.91 Bn | 260.10 Mn | 269.00 Mn |
| 8 | Array Digital Infrastructure | 2.50 Bn | 1.49 Bn | 30.52 Mn | -176.96 Mn |
| 9 | Fermi | 982.70 Mn | 121.14 Mn | - | -233.64 Mn |
| 10 | Blackstone Digital Infrastructure Trust | 836.62 Mn | -1.11 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -233.64 Mn |
| Mar 31, 2026 | -448.53 Mn |
| Dec 31, 2025 | -506.13 Mn |
| Sep 30, 2025 | 80.74 Mn |
| Jun 30, 2025 | -42.85 Mn |
| Mar 31, 2025 | -78,000.00 |
API Access
Fermi Free Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=free-cash-flow&ticker=FRMI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "ticker": "FRMI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=free-cash-flow&ticker=FRMI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();