Fermi (FRMI) Operating Expenses (2025 - 2026)
Fermi (FRMI) posted Operating Expenses of $166.2 million for Q1 2026, up 23.77% sequentially from $134.3 million in Q4 2025, and up 213033.33% YoY from N/an in Q1 2025.
Fermi (FRMI) Operating Expenses (2025 - 2026) Analysis & Trends
Fermi has reported Operating Expenses for 2 years, with the latest figure at $166.2 million in Q1 2026.
- Quarterly Operating Expenses rose 213033.33% year-over-year to $166.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $338.4 million (changed N/A YoY) and the FY2025 annual result came in at $177.8 million, changed N/A from the prior year.
- Operating Expenses grew to $166.2 million in Q1 2026 per FRMI's latest filing, from $134.3 million in the prior quarter.
- Over five years, Operating Expenses peaked at $166.2 million in Q1 2026 and troughed at $78000.0 in Q1 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 105.50 Bn | 103.27 Bn | 1.40 Bn | 1.96 Bn |
| 2 | American Tower | 82.31 Bn | 80.55 Bn | 2.72 Bn | 1.48 Bn |
| 3 | Digital Realty Trust | 67.75 Bn | 65.88 Bn | - | 1.46 Bn |
| 4 | Iron Mountain | 36.41 Bn | 36.20 Bn | 1.07 Bn | 1.66 Bn |
| 5 | Crown Castle | 32.67 Bn | 31.62 Bn | 989.00 Mn | 538.00 Mn |
| 6 | Sba Communications | 19.47 Bn | 19.47 Bn | 539.27 Mn | 363.41 Mn |
| 7 | Weyerhaeuser | 17.61 Bn | 17.08 Bn | 311.00 Mn | 116.00 Mn |
| 8 | Lamar Advertising | 15.23 Bn | 15.16 Bn | 422.53 Mn | 408.79 Mn |
| 9 | Gaming & Leisure Properties | 12.46 Bn | 12.46 Bn | - | 98.13 Mn |
| 10 | Fermi | 3.79 Bn | 3.73 Bn | - | 26.76 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 |