Fermi annual free cash flow
2025
Fermi Free Cash Flow (FCF) History (FRMI)
Fermi reported −$603.5M in free cash flow for fiscal 2025.
View full Fermi company overviewFermi free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | −$603.5M | — | — | — |
Fermi quarterly free cash flow
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −$233.6M | −$190.8M | — | — |
| Q1 2026 | 2026-03-31 | −$448.5M | −$448.5M | — | — |
| Q4 2025 | 2025-12-31 | −$506.1M | — | — | — |
| Q3 2025 | 2025-09-30 | −$54.4M | — | — | — |
| Q2 2025 | 2025-06-30 | −$42.9M | — | — | — |
| Q1 2025 | 2025-03-31 | −$78,000 | — | — | — |
Fermi free cash flow growth trends
Fermi's latest reported quarter, Q2 2026, generated −$233.6M in free cash flow, a decrease of $190.8M year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Fermi source filings ↗Community posts
Fermi founder group seeks independent strategic review
Fermi’s ($FRMI) founder shareholder group, which says it controls approximately 22% of the company, disclosed a formal proposal asking the board to retain an independent investment bank to review strategic alternatives. The requested review ...