Risk factors
Fermi (FRMI) risk factors
Item 1A of every Fermi Inc. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2025 10-K risk factors103 risks
Fermi Inc. is a development-stage company with no revenue, relying on capital raises to fund Project Matador, a multi-billion-dollar hybrid infrastructure site. The company faces execution risks across nuclear and natural gas power generation, data center leasing, and complex regulatory approvals.
Filed Mar 30, 2026