Fermi Shares Falls 18% After Reporting First-Year Net Loss

(RTTNews) - Fermi Inc. (FRMI) shares fell 18.69 percent to $5.03, down $1.15 on Monday, after the company reported a net loss of $486.4 million for the period from January 10, 2025, through December 31, 2025, its first reported operating period since inception.

The stock opened at $4.95 after closing previously at $6.18. It traded between $4.63 and $5.20 during the session, with volume reaching 26.01 million shares, compared with average volume of 6.94 million shares.

EPS showed a loss of $1.13 based on weighted average shares outstanding of 467.96 million on the Nasdaq. The company did not report revenue during the period, while general and administrative expenses totaled $177.8 million, resulting in a loss from operations of $177.8 million.

The stock's 52-week range is $4.63 to $36.99.