Fermi (FRMI) Operating Income (2025 - 2026)
Fermi (FRMI) recorded Operating Income of -$26.76 million in Q2 2026, compared with -$5.61 million a year earlier.
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Analysis
Fermi (FRMI) Operating Income (2025 - 2026) Analysis & Trends
On a TTM basis, Fermi's Operating Income came in at -$365.1 million as of Jun 30, 2026; for FY2025, it came in at -$177.78 million.
- Quarterly Operating Income has ranged from -$166.24 million in Q1 2026 to -$78,000 in Q1 2025 over the past five years.
- Per Business Quant, the preceding three quarters came in at -$166.24 million (Q1 2026), -$134.32 million (Q4 2025) and -$37.78 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | American Tower | 88.33 Bn | 81.61 Bn | 2.75 Bn | 1.27 Bn |
| 2 | Digital Realty Trust | 64.03 Bn | 55.49 Bn | - | 302.13 Mn |
| 3 | Crown Castle | 37.77 Bn | 36.44 Bn | 982.00 Mn | 465.00 Mn |
| 4 | Sba Communications | 20.10 Bn | 18.64 Bn | 542.40 Mn | 367.74 Mn |
| 5 | Lamar Advertising | 16.33 Bn | 16.14 Bn | 422.53 Mn | 207.96 Mn |
| 6 | OUTFRONT Media | 5.65 Bn | 5.38 Bn | 276.40 Mn | 116.10 Mn |
| 7 | IHS Holding | 2.83 Bn | -731.89 Mn | 207.10 Mn | 82.80 Mn |
| 8 | Array Digital Infrastructure | 2.60 Bn | 1.49 Bn | 30.57 Mn | 399.26 Mn |
| 9 | Clear Channel Outdoor Holdings | 1.23 Bn | 518.82 Mn | 241.86 Mn | 89.06 Mn |
| 10 | Fermi | 1.05 Bn | 193.21 Mn | - | -26.76 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -26.76 Mn |
| Mar 31, 2026 | -166.24 Mn |
| Dec 31, 2025 | -134.32 Mn |
| Sep 30, 2025 | -37.78 Mn |
| Jun 30, 2025 | -5.61 Mn |
| Mar 31, 2025 | -78,000.00 |
API Access
Fermi Operating Income 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=operating-income&ticker=FRMI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "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=operating-income&ticker=FRMI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();