Fermi (FRMI) Construction In Progress: $1,423.12 Mil (As of Mar. 2026)


FRMI Fermi Inc FRMI
14 GF Score
Price $8.21
! 1 Warning Sign
View Full Analysis

What is Fermi Construction In Progress?

Fermi FRMI +1.86% 14 Construction In Progress is $1,423.12 Mil as of Mar. 2026. GuruFocus rates FRMI with a GF Score™ of 14/100. The stock has 1 warning sign investors should review.

Fermi's quarterly construction in progress increased from Sep. 2025 ($270.69 Mil) to Dec. 2025 ($929.37 Mil) and increased from Dec. 2025 ($929.37 Mil) to Mar. 2026 ($1,423.12 Mil).

Fermi's annual construction in progress stayed the same from . 20 ($0.00 Mil) to . 20 ($0.00 Mil) but then increased from . 20 ($0.00 Mil) to Dec. 2025 ($929.37 Mil).

Fermi Construction In Progress Historical Data

* Premium members only.

The historical data trend for Fermi's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Fermi Construction In Progress Chart

Fermi Annual Data
Trend Dec25
Construction In Progress
929.37

Fermi Quarterly Data
Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress 0.00 42.58 270.69 929.37 1,423.12
FRMI
14GF Score
Fermi Inc FRMI
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fermi Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of $1,423.12 Mil mean?
Fermi (FRMI) has a Construction In Progress of $1,423.12 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Fermi and its competitors.
Is Fermi's Construction In Progress too high?
Fermi's current Construction In Progress is $1,423.12 Mil. Overall, Fermi has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Fermi's Construction In Progress compare to OUT and RYN?
Fermi's Construction In Progress of $1,423.12 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a REITs company?
A good Construction In Progress depends on the REITs industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Fermi and its competitors. Fermi's current Construction In Progress is $1,423.12 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fermi stock overvalued right now?
Fermi (FRMI) has a current Construction In Progress of $1,423.12 Mil. The current Construction In Progress is $1,423.12 Mil. Fermi's overall GF Score™ is 14/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Fermi (FRMI), the current Construction In Progress is $1,423.12 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Fermi Business Description

Industry Real EstateREITs
Other Exchanges FRMI:UKH3V:Germany
Address 620 South Taylor Street, Suite 301, Amarillo, TX, USA, 79101
Fermi Inc building a private power campus for AI-centric customers, developing and leasing large-scale, grid-independent energy generation and high-performance computing facilities purpose-built for the hyperscale era. The company is also developing a private energy and site infrastructure platform across the campus to support multiple powered shell buildings and a diversified, integrated power supply, including private power generation and delivery infrastructure, substations, internal distribution networks, water and cooling systems, and other essential infrastructure. In addition to powered shell facilities, it may offer long-term ground leases to tenants that elect to construct their own powered shell facilities on land, with or without integrated power delivery.
14GF Score

Get the complete analysis for FRMI

Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$8.21
Price