FRMI: the balance sheet

MyFinsight

Fermi Inc. (FRMI)

Balance Sheets	2026-03-31	2025-12-31	2025-09-30
Construction in progress	-	-	270,693
Property, plant, and equipment, net	1,430,909	935,295	-
Cash and cash equivalents	207,501	408,529	83,693
Restricted cash	35,792	-	99,300
Prepaid expenses and other assets	63,592	47,753	24,436
Operating lease right-of-use assets	39,699	21,737	24,644
Total assets	1,777,493	1,413,314	502,766

Debt, net	421,296	109,799	102,831
Accounts payable and accrued liabilities	238,624	176,572	65,112
Operating lease liabilities	43,714	21,320	22,610
Other liabilities	1,582	9,751	9,740
Total liabilities	705,216	317,442	200,293
Common stock, 0.001 par value 2,400,000,000 shares authorized, 629,839,790 shares issued and outstanding as of march 31, 2026 and december 31, 2025	628	628	575
Additional paid-in capital	1,393,541	1,228,443	301,898
Accumulated deficit	-321,892	-133,199	-
Total stockholders equity	1,072,277	1,095,872	302,473
Total liabilities and stockholders equity	1,777,493	1,413,314	502,766

Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.