Fermi Inc. (FRMI) vs IREN Ltd (IREN)
Side-by-side comparison from SEC filings: latest annual financials, insider activity and institutional ownership.
| Metric | FRMI | IREN |
|---|---|---|
| Sector | Financials | Financials |
| Latest fiscal year | FY2025 | FY2026 |
| Revenue | $0 | $707.01M |
| Revenue growth (YoY) | — | ▲ 41.1% |
| Net income | -$486.38M | -$702.62M |
| Gross margin | — | — |
| Diluted EPS | $-1.13 | $-2.22 |
| Insider net (6 mo) | −7.5M sh • 7 sells • 0 buys | +19.4M sh • 0 sells • 0 buys |
| Institutional owners | 34 | 41 |
| Institutional value held | $742.93M | $10.69B |
| Next earnings (est.) | Around Nov 9, 2026 | Around Nov 5, 2026 |
Figures from each company's SEC filings (latest reported fiscal year; fiscal calendars may differ). Next-earnings dates are estimates from historical filing patterns.
About Fermi Inc. (FRMI)
Fermi Inc. is a development-stage company formed in January 2025 that is building a large-scale, grid-independent power and hyperscale computing campus—Project Matador—located on a 99-year ground-leased site of approximately 5,236 acres (expandable to roughly… Read more →
About IREN Ltd (IREN)
IREN is a vertically integrated AI Cloud Services platform that delivers data centers, compute and software for AI training and inference, owning and operating the data center layer (land, power, substations, buildings and cooling), the compute layer (GPUs… Read more →
Source: SEC EDGAR.