Fermi Q2 FY26 net loss widens to $25.81 million - FRMI News | RalliesFermi Q2 FY26 net loss widens to $25.81 million
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FRMI• Q2 loss widens as expenses and debt rise
- Fermi posted a net loss of $25.81 million, or $0.04 a share, in Q2 2026.
- General and administrative expense rose to $26.76 million; operating loss widened to $26.76 million.
- Cash and restricted cash fell to $91.7 million as of June 30; property, plant and equipment reached $1.55 billion.
- Debt climbed to $520.09 million; the company issued $431 million of 5.00% Convertible Senior Notes due 2031 after quarter-end.
- Fermi signed a 15-year binding lease with TensorWave for 222 MW at Project Matador, targeting about $6.5 billion of total revenue.
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