Fermi (FRMI) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), Fermi used $34.15M of cash in operating activities and spent $569.30M on capital expenditures. That left free cash flow of −$603.46M.

Fermi Cash Flow Statement Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Fermi Inc. (FRMI) - Annual data in billions USD
Breakdown	FY 2025
Period ending	Dec 2025
Operating Activities
Net Income	0.00
Stock Based Compensation	0.31
Change in Working Capital	0.01
Change in Accounts Payable	0.00
Change in Other Working Capital	0.02
Other Operating Activities	0.02
Net Cash from Operating Activities	-0.03
Investing Activities
Capital Expenditures	-0.57
Other Investing Activities	0.00
Net Cash from Investing Activities	-0.57
Financing Activities
Debt Repayment	-0.02
Common Stock Issued	0.75
Other Financing Activities	-0.02
Net Cash from Financing Activities	1.01
Summary
Net Change in Cash	0.41
Cash at Beginning of Period	0.00
Cash at End of Period	0.41
Free Cash Flow	-0.60

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Fermi Cash Flow

What is Fermi's free cash flow?

Fermi had negative free cash flow of $603.46M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of −$34.15M minus $569.30M of capital expenditures.

How much does Fermi spend on capital expenditures?

Fermi spent $569.30M on capital expenditures in fiscal 2025.

Does Fermi pay dividends or buy back shares?

Fermi's cash flow statement for fiscal 2025 shows no dividend payments or share repurchases.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition