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Fermi Inc. FRMI Capitalized Computer Software, Net

Capitalized Computer Software, Net at other companies

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Other financials

Income statement

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Operating income-$166.2M-213,033%
Net income-$188.7M-241,814%
EPS (diluted)-$0.30

Balance sheet

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Cash & equivalents$243.3M
Total debt$886.3M
Total equity$1.1B
Total assets$1.8B

Cash flow

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Operating cash flow-$7.3M-15,867%
CapEx$441.2M+1,378,613%
Free cash flow-$448.5M-574,942%

Valuation

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Market cap$3.95B-76.8%
Enterprise value$4.59B

Returns & leverage

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Return on equity-125.9%
Debt / equity0.8×

Where this comes from

Reported directly by Fermi Inc. in its filing.

Tagged under the XBRL concept us-gaap:CapitalizedComputerSoftwareGross.

The source filing: Fermi Inc.’s 10-K, filed March 30, 2026.

Filed
Mar 30, 2026, 5:35 PM EDT
Fiscal year
FY2025
Accession
0002071778-26-000010

Capitalized implementation costs totaled $3,003 as of December 31, 2025. As of December 31, 2025, the Company had capitalized implementation costs related to certain cloud computing arrangements that were not yet ready for their intended use; accordingly, amortization of these costs had not commenced.

Item 8. Financial Statements and Supplementary Data

FAQ

What is Fermi Inc.'s capitalized computer software, net?
Fermi Inc. (FRMI) reported capitalized computer software, net of $3M in Q4 2025.
What does capitalized computer software, net mean?
The net book value of software development costs that have been capitalized rather than expensed, representing long-term intangible assets. This reflects the company's investment in internal systems or marketable software products that provide future economic benefits. Monitoring this helps investors assess the company's commitment to technological infrastructure and R&D efficiency.

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