{"ticker": {"uuid": "7178d850-bffd-4770-aac8-77bc02d6476c", "symbol": "FRMI", "name": "Fermi Inc.", "sector": "Real Estate", "industry": "Reit - Specialty", "currency": "USD"}, "next_event": {"report_date": "2026-08-13", "fiscal_date_ending": "2026-06-30", "estimate": null, "session": "Before the open", "days": 0}, "profile": {"sample": 4, "measured": 3, "beats": 0, "misses": 3, "inline": 0, "beat_rate": 0.0, "beat_rate_label": "0.0%", "average_surprise": -180.9, "average_surprise_label": "-180.9%", "median_surprise": -33.2, "surprise_dispersion": 225.8, "average_reaction": -4.6, "average_reaction_label": "-4.6%", "average_abs_reaction": 20.9, "positive_response_rate": 33.3, "confirmation_rate": 66.7, "reaction_sample": 3, "streak": {"count": 3, "band": "miss", "label": "3 consecutive misses"}, "profile": "Delivery under pressure", "profile_tone": "negative", "profile_text": "Estimate misses and negative next-close reactions have appeared together often enough to warrant caution."}, "event_risk": {"score": 95, "band": "High", "tone": "negative", "days": 0, "proximity_component": 30, "reaction_component": 35, "variability_component": 25, "uncertainty_component": 5, "explanation": "Event risk combines report proximity, historical price movement, surprise variability, estimate availability and confirmed timing. It measures uncertainty, not direction."}, "evidence": {"score": 78, "band": "Strong", "exact": 4, "surprise": 3, "reaction": 3, "financial": 4, "total": 4}, "factor_context": {"available": true, "as_of": "2026-08-09", "eps_growth_1y": null, "revenue_growth_1y": null, "cash_conversion": -1.44, "net_margin": null, "earnings_yield": null, "eps_surprise_avg": -500.0, "sue_score": null, "pe_ratio": null, "completeness": 35.7, "source": "alphavantage"}, "market_context": {"available": true, "as_of": "2026-08-07", "close": 6.18, "currency": "USD", "return_13w": 18.2, "fair_value": 10.811333, "fair_value_gap": -42.8, "relative_strength": null, "trend_signal": "Inactive", "expectation_direction": "negative", "expectation_probability": 35.2}, "records": [{"period_end": "2025-06-30", "reported_date": "2025-09-03", "date_source": "exact", "eps_actual": -0.0073, "eps_estimate": 0.0, "eps_surprise": -0.0073, "surprise_pct": null, "surprise_label": "-", "surprise_band": "unavailable", "eps_yoy": null, "eps_yoy_label": "-", "one_week_reaction": null, "one_week_reaction_label": "-", "four_week_reaction": null, "four_week_reaction_label": "-", "confirmation": "unavailable", "revenue": 0.0, "revenue_yoy": null, "revenue_yoy_label": "-", "net_income": -6289772.0, "operating_cash_flow": -2571923.0, "free_cash_flow": 40268616.0, "currency": "USD"}, {"period_end": "2025-09-30", "reported_date": "2025-11-10", "date_source": "exact", "eps_actual": -0.84, "eps_estimate": -0.02, "eps_surprise": -0.82, "surprise_pct": -33.1741, "surprise_label": "-33.2%", "surprise_band": "miss", "eps_yoy": null, "eps_yoy_label": "-", "one_week_reaction": -24.887063655030808, "one_week_reaction_label": "-24.9%", "four_week_reaction": -37.74127310061602, "four_week_reaction_label": "-37.7%", "confirmation": "confirmed", "revenue": 0.0, "revenue_yoy": null, "revenue_yoy_label": "-", "net_income": -346812000.0, "operating_cash_flow": -5672770.0, "free_cash_flow": 47776073.0, "currency": "USD"}, {"period_end": "2025-12-31", "reported_date": "2026-03-30", "date_source": "exact", "eps_actual": 0.6296, "eps_estimate": -0.02, "eps_surprise": 0.6496, "surprise_pct": -9.514, "surprise_label": "-9.5%", "surprise_band": "miss", "eps_yoy": null, "eps_yoy_label": "-", "one_week_reaction": -13.349514563106785, "one_week_reaction_label": "-13.3%", "four_week_reaction": -12.621359223300962, "four_week_reaction_label": "-12.6%", "confirmation": "confirmed", "revenue": 0.0, "revenue_yoy": null, "revenue_yoy_label": "-", "net_income": -133199000.0, "operating_cash_flow": -25860000.0, "free_cash_flow": 447123000.0, "currency": "USD"}, {"period_end": "2026-03-31", "reported_date": "2026-05-14", "date_source": "exact", "eps_actual": -0.3, "eps_estimate": -0.05, "eps_surprise": -0.25, "surprise_pct": -500.0, "surprise_label": "-500.0%", "surprise_band": "miss", "eps_yoy": null, "eps_yoy_label": "-", "one_week_reaction": 24.474187380497117, "one_week_reaction_label": "+24.5%", "four_week_reaction": 10.516252390057357, "four_week_reaction_label": "+10.5%", "confirmation": "diverged", "revenue": 0.0, "revenue_yoy": null, "revenue_yoy_label": "-", "net_income": -188693000.0, "operating_cash_flow": -7345000.0, "free_cash_flow": 433843000.0, "currency": "USD"}], "charts": {"quarters": ["2025-06-30", "2025-09-30", "2025-12-31", "2026-03-31"], "eps_actual": [-0.0073, -0.84, 0.6296, -0.3], "eps_estimate": [0.0, -0.02, -0.02, -0.05], "surprise": [null, -33.1741, -9.514, -500.0], "reaction_1w": [null, -24.887063655030808, -13.349514563106785, 24.474187380497117], "reaction_4w": [null, -37.74127310061602, -12.621359223300962, 10.516252390057357], "revenue": [0.0, 0.0, 0.0, 0.0], "net_income": [-6.29, -346.81, -133.2, -188.69], "financial_unit": "millions", "scatter": [{"x": -33.1741, "y": -24.887063655030808, "label": "2025-09-30"}, {"x": -9.514, "y": -13.349514563106785, "label": "2025-12-31"}, {"x": -500.0, "y": 24.474187380497117, "label": "2026-03-31"}], "earnings_price": {"available": false, "dates": [], "price_index": [], "eps_index": [], "gap": [], "quarter_markers": [], "bridge_labels": [], "bridge_values": []}}, "earnings_price": {"available": false, "reason": "A full 156-week price window is needed."}, "disclaimer": "Earnings intelligence is descriptive market research. It is not a forecast, recommendation or trading instruction."}