Fermi (FRMI) Operating Income (2025 - 2026)

Fermi's (FRMI) quarterly Operating Income came in at -$166.2 million in Q1 2026, down 213033.33% year-on-year from N/an in Q1 2025, and down 23.77% quarter-over-quarter from -$134.3 million in Q4 2025.

Fermi (FRMI) Operating Income (2025 - 2026) Analysis & Trends

Fermi has disclosed Operating Income across 2 years of filings, most recently posting -$166.2 million for Q1 2026.

  • Operating Income for Q1 2026 came in at -$166.2 million, down 213033.33% year-over-year; the trailing twelve-month figure through Mar 2026 was -$338.4 million (changed N/A YoY), and the FY2025 annual result was -$177.8 million, changed N/A from the prior year.
  • Operating Income came in at -$166.2 million for Q1 2026 at Fermi, down from -$134.3 million in the prior quarter.
  • In the past five years, Operating Income ranged from a high of -$78000.0 in Q1 2025 to a low of -$166.2 million in Q1 2026.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Equinix 104.53 Bn 101.50 Bn 2.20 Bn 577.00 Mn
2 American Tower 86.20 Bn 92.70 Bn 2.70 Bn 1.24 Bn
3 Digital Realty Trust 63.76 Bn 62.92 Bn - 267.81 Mn
4 Crown Castle 38.57 Bn 38.52 Bn 984.00 Mn 465.00 Mn
5 Iron Mountain 37.41 Bn 37.43 Bn 1.05 Bn 395.23 Mn
6 Sba Communications 20.70 Bn 20.79 Bn 532.10 Mn 342.85 Mn
7 Weyerhaeuser 17.74 Bn 17.44 Bn 318.00 Mn 247.00 Mn
8 Lamar Advertising 15.68 Bn 15.63 Bn 403.56 Mn 196.06 Mn
9 Gaming & Leisure Properties 13.22 Bn 13.62 Bn - 333.35 Mn
10 Fermi 4.71 Bn 4.50 Bn - -166.24 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -166.24 Mn
Dec 31, 2025 -134.32 Mn
Sep 30, 2025 -37.78 Mn
Mar 31, 2025 -78,000.00