FRMI (FRMI) reported EBIT of -$166.24M in Q1 2026.

How has FRMI's EBIT changed year-over-year?

FRMI's EBIT decreased by 213033.3% year-over-year, from -$78K to -$166.24M.

Earnings before interest and taxes — the profit from the business before financing cost and tax. Uses reported operating income where a company reports it; otherwise pre-tax income plus interest expense. Lets companies be compared on earning power independent of capital structure.

FRMI FRMI EBIT

Discontinued — last reported Q1 '26

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Other financials

Income statement

See full

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$5.54B—

Returns & leverage

See full

Debt / equity0.8×—

Where this comes from

Calculated from FRMI’s reported figures.

−$166.2Moperating income−$2.3Minterest expense=-$166.24M

Plus components not separately reported this period.

The official record: FRMI’s 10-Q, filed May 15, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is FRMI's EBIT?: FRMI (FRMI) reported EBIT of -$166.24M in Q1 2026.
How has FRMI's EBIT changed year-over-year?: FRMI's EBIT decreased by 213033.3% year-over-year, from -$78K to -$166.24M.
What does EBIT mean?: Earnings before interest and taxes — the profit from the business before financing cost and tax. Uses reported operating income where a company reports it; otherwise pre-tax income plus interest expense. Lets companies be compared on earning power independent of capital structure.