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35 /100
MEDIUM RISK
Score updated Oct 13, 2026

FRMI — Fermi Inc. Dilution Risk Tracker

Track FRMI dilution risk with DilutionWatch's stock tracker. DilutionScore™ measures dilution risk across 5 factors — lower scores indicate higher risk of share dilution.

⚠️ Not financial advice. Do your own research before making any investment decisions.

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As of October 13, 2026, Fermi Inc. (FRMI) has a DilutionWatch DilutionScore of 35/100, rated MEDIUM dilution risk. Fermi Inc. has a market capitalization of $2.08B, 640.47M shares outstanding, 217 institutional holders tracked.

This page includes automatically generated factual summaries from DilutionWatch data. It is not financial advice, not investment research, and not a recommendation. Do your own research. Read the full disclaimer and terms of service.

Score Breakdown

📋 Offering Ability
20
💰 Cash Runway
65
📊 Float Risk
42
⚠️ Warrant Exposure
15
🔄 Convertible Debt
15

Dilution Forecast

☀️
Clear
No significant dilution signals
model est. 7%
💰 Capital Raise model 15%
• Under 12 months cash (7mo)
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Market Data

Market Cap$2.08B
Shares Outstanding640.47M
Float288.37M
Cash$62.54M
Debt$1.04B
Short InterestN/A

Source-Backed Evidence Depth

This public preview uses stored DilutionWatch fields and linked SEC/market records only. Missing values are not estimated.

FieldCurrent ValueBasis
DilutionScore35/100DilutionWatch score record
Shares Outstanding640.47MVerified float table or market cache
Public Float288.37MVerified float table or market cache
Market Cap$2.08BMarket data cache
Cash Runway6.7 monthsDilutionWatch score inputs
Shelf CapacityNone in current score inputsSEC-derived dilution fields
ATM CapacityNone in current score inputsSEC-derived dilution fields
Outstanding WarrantsNone in current score inputsSEC-derived dilution fields

Recent source-backed SEC insight records available on this page: 6.

Recent SEC source mix: 3 1, 4 2, 8-K 1, SC 13G/A 1, XBRL 1.

The page does not infer future share issuance, financing probability, cash needs, management intent, or price impact when source fields are absent.

Institutional Holdings

QoQ: ↑ 65.7% shares (2026Q1 vs prior)
217 institutional holders · 94.30M shares
#1 CITADEL ADVISORS LLC 11.49M shares
#2 UBS Group AG 8.95M shares
#3 GOLDMAN SACHS GROUP INC 5.51M shares
+ 17 more holders Sign up free to view →

Institutional holder totals are aggregated from ownership filings and may use a different share basis or reporting date than public float. They are not a reconciliation against tradeable float.

Short Interest

Short Interest66.81M
Days to Cover3.7
% of Float23.2%
FINRA data as of Sep 30, 2026

Recent SEC Activity

xbrl XBRL CONVERTIBLE 2026-03-30
3 FORM3 2026-09-02
4 INSIDER TRANSACTION 2026-08-27
4 INSIDER TRANSACTION 2026-08-18
SC 13G/A BENEFICIAL OWNERSHIP 2026-08-14
Full SEC filing analysis available with free account →

Recent News

Factual FRMI Dilution Snapshot

Fermi Inc. (FRMI) has a DilutionScore of 35/100, rated Medium dilution risk. Score date: October 13, 2026.

This automatically generated snapshot is assembled from stored DilutionWatch data fields and may contain data-source errors or omissions. It is not financial advice, not investment research, and not a recommendation. Do your own research and review the full disclaimer and terms of service.

DilutionScore History — Last 90 Days

FRMI's DilutionScore is currently 35/100 (Medium risk), with 2 score changes tracked over 89 days. The score improved from 23/100 (Low risk).

Period Score Risk Level Duration
Sep 29 – Oct 13, 202635/100MEDIUM15 days
Aug 22 – Sep 28, 202623/100LOW38 days
Jul 16 – Aug 21, 202615/100LOW36 days

Score recalculated daily from SEC filings and market data. Sign up free for real-time score change alerts.

Share Dilution History

FRMI shares outstanding have increased 3.8% from 614.03M (Apr 2026) to 637.57M (May 2026). Each increase represents potential dilution to existing shareholders.

Date Shares Outstanding Public Float Change
May 29, 2026637.57M288.37M▼ 12.43%
May 23, 2026637.57M329.30M▲ 18.55%
May 22, 2026637.57M277.78M▲ 19.46%
May 20, 2026637.57M232.54M▲ 2.19%
May 18, 2026637.57M227.56M▲ 1.23%
May 16, 2026637.57M224.80M▼ 20.31%
Apr 13, 2026629.84M282.09M▲ 34.88%
Apr 01, 2026614.03M209.14M▲ 1.07%

Share counts sourced from verified regulatory filings. Increases indicate dilution events.

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