Fermi (FRMI) Operating Expenses (2025 - 2026)
Fermi (FRMI) reported Operating Expenses of $166.2 million for Q1 2026, up 213033.33% on a YoY basis from N/an in Q1 2025, and up 23.77% sequentially from $134.3 million in Q4 2025.
Fermi (FRMI) Operating Expenses (2025 - 2026) Analysis & Trends
Fermi (FRMI) has 2 years of Operating Expenses data on file, last reported at $166.2 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 213033.33% year-over-year to $166.2 million; the trailing twelve-month figure through Mar 2026 stood at $338.4 million (changed N/A YoY), and the FY2025 full-year result was $177.8 million, changed N/A from the prior year.
- Operating Expenses grew to $166.2 million in Q1 2026, from $134.3 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $166.2 million in Q1 2026 to a low of $78000.0 in Q1 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 102.00 Bn | 98.94 Bn | 1.26 Bn | 1.87 Bn |
| 2 | American Tower | 76.76 Bn | 83.27 Bn | 2.70 Bn | 1.50 Bn |
| 3 | Digital Realty Trust | 61.91 Bn | 61.08 Bn | - | 1.37 Bn |
| 4 | Iron Mountain | 37.06 Bn | 37.09 Bn | 1.05 Bn | 1.54 Bn |
| 5 | Crown Castle | 32.50 Bn | 32.44 Bn | 23.00 Mn | 545.00 Mn |
| 6 | Sba Communications | 18.50 Bn | 18.59 Bn | 532.10 Mn | 360.59 Mn |
| 7 | Weyerhaeuser | 17.05 Bn | 16.75 Bn | 318.00 Mn | 120.00 Mn |
| 8 | Lamar Advertising | 15.99 Bn | 15.96 Bn | 344.69 Mn | 381.94 Mn |
| 9 | Gaming & Leisure Properties | 12.58 Bn | 12.98 Bn | - | 86.64 Mn |
| 10 | Fermi | 3.98 Bn | 3.77 Bn | - | 166.24 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 166.24 Mn |
| Dec 31, 2025 | 134.32 Mn |
| Sep 30, 2025 | 37.78 Mn |
| Mar 31, 2025 | 78,000.00 |