{"schema_version":"secwatch.filing_event.v1","accession":"0002071778-26-000007","form_type":"8-K","ticker":"FRMI","cik":"0002071778","company_name":"Fermi Inc.","filed_at":"2026-03-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:37.164430+00:00","generated_at":"2026-05-15T08:28:37.599434+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Fermi Inc. FY 2025 net loss $486M; raised $1.8B, secured 6 GW permit","bullets":["Net loss of $486.4M ($1.13 per share) driven by $441.8M non-cash charges including $173.8M charitable contribution and $132.7M stock comp.","Raised ~$1.8B capital (IPO $785M, equipment financings $885M); $935M invested in property, plant & equipment.","TCEQ preliminarily approved ~6 GW Clean Air Permit for natural gas generation; filed for additional 5 GW.","NRC accepted first new nuclear Combined License Application in 15 years for four AP1000 reactors.","Tenant LOI remains in place after $150M AIAC termination; active discussions with multiple hyperscale tenants."],"urls":{"canonical":"https://secwatch.observer/filing/0002071778-26-000007","json":"https://secwatch.observer/filing/0002071778-26-000007.json","markdown":"https://secwatch.observer/filing/0002071778-26-000007.md","text":"https://secwatch.observer/filing/0002071778-26-000007.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2071778/000207177826000007/0002071778-26-000007-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2071778/000207177826000007/frmi-20260330.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T08:28:37.599434+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"666bfee9ba4596afe13899d3e44f63aeabcdcc0d","claim":"Fermi Inc. reported financial results for the period from January 10, 2025 (Inception) through December 31, 2025.","evidence_excerpt":"On March 30, 2026, Fermi Inc. (the “Company”) issued its shareholder letter (the “Shareholder Letter”) announcing its financial results for the period from January 10, 2025 (Inception) through December 31, 2025.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/2071778/000207177826000007/0002071778-26-000007-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the period from January 10, 2025 (Inception) through December 31, 2025"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}