Fermi America reported a net loss of $189 million for Q1 2026, driven by non-cash share-based compensation. Revenue missed forecasts, but stock rose 8.5% in pre-market trading.
EBITDA was negative $338.34 million, with return on assets at -75.92%. The company remains committed to Project Matador and future growth.
Stock price reached $6.51 from $6.00, still down 82% from 52-week high. Market cap stands at $3.74 billion.
