Fermi Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Quarter	Q1 2026	Q4 2025
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025
Net Income	-188.69	-133.2
Stock-Based Compensation	133.98	104.32
Other Adjustments	24.98	0
Changes in Accounts Payable	29.29	4.2
Changes in Other Operating Activities	-6.9	-4.42
Operating Cash Flow	-7.35	-25.86
Operating Cash Flow Growth (YoY)	-	-
Capital Expenditures	-441.19	-
Investing Cash Flow	-441.19	-473.94
Long-Term Debt Issued	430.83	0
Long-Term Debt Repaid	-144.29	-5
Net Long-Term Debt Issued (Repaid)	286.53	-5
Other Financing Activities	-3.24	0
Financing Cash Flow	283.3	725.34
Net Cash Flow	-165.24	225.54
Free Cash Flow	-448.53	-25.86
Free Cash Flow Growth (YoY)	-	-
Free Cash Flow Per Share	-0.71	-0.04
Levered Free Cash Flow	-320.96	-138.42
Unlevered Free Cash Flow	-585.04	-134.54

SEC Filings: 10-K · 10-Q