What does unrecorded unconditional purchase obligation mean?

Contractual commitments to purchase goods or services that are legally binding but have not yet been recognized as liabilities on the balance sheet because the goods or services have not been received. These obligations represent future cash outflows that are essential for ongoing operations.

FRMI FRMI Unrecorded Unconditional Purchase Obligation

Unrecorded Unconditional Purchase Obligation at other companies

Solaris Energy InfrastructureSEI

$257.9M—

Liberty EnergyLBRT

$0—

TeraWulfWULF

——

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$6.06B—

Enterprise value$6.7B—

Returns & leverage

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Return on equity-125.9%—

Debt / equity0.8×—

Where this comes from

Reported directly by FRMI in its filing.

Tagged under the XBRL concept us-gaap:UnrecordedUnconditionalPurchaseObligationBalanceOnFirstAnniversary.

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 unrecorded unconditional purchase obligation?: FRMI (FRMI) reported unrecorded unconditional purchase obligation of $71.28M in Q1 2026.
What does unrecorded unconditional purchase obligation mean?: Contractual commitments to purchase goods or services that are legally binding but have not yet been recognized as liabilities on the balance sheet because the goods or services have not been received. These obligations represent future cash outflows that are essential for ongoing operations.