FRMIFermi Inc.
Is it safe?
Nothing alarming, nothing pristine: comfortable debt (A) and big price swings.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Large price swings, high volatility. Worst drawdown -89% · now 89% below its 52-week high.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can FRMI take a bad year?
The deepest fall in FRMI's price history on file is −89%; it is 89% below its high today.
Net debt · as at Q2 2026 · debt less the cash on hand
- Cash runway
- 0.1 years
Cash runway · burning $311M a quarter at the current rate
- Annualised volatility
- 122%
Annualised volatility · three times the market's own swing
- Worst drawdown on file
- −89%
Worst drawdown on file · −89% today
Details›
- Total debtQ2 2026
- $520M
- Cash and short-term investments
- $63M
- Net debt
- $458M
- Operating profit, trailing twelve months
- −$365M
- Debt / equity
- 0.50×
- Annualised volatilitytwo years of daily moves
- 122%
- Worst drawdown on file
- −89%
- Below its 52-week high
- 89%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
REIT, Specialty
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