What is FRMI's operating income?

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

How has FRMI's operating income changed year-over-year?

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

What does operating income mean?

Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

FRMI FRMI Operating Income

Discontinued — last reported Q1 '26

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Other financials

Income statement

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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$6.06B—

Returns & leverage

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Debt / equity0.8×—

Where this comes from

Reported directly by FRMI in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

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 operating income?: FRMI (FRMI) reported operating income of -$166.24M in Q1 2026.
How has FRMI's operating income changed year-over-year?: FRMI's operating income decreased by 213033.3% year-over-year, from -$78K to -$166.24M.
What does operating income mean?: Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.