newsfilter
← Earnings
Earnings Releases·

Perma-Fix Environmental Services, Inc. — Third Quarter 2026 Earnings Summary

  • Revenue rose 2.6% year-over-year to $17.9 million and 39% sequentially, driven by a 46% Services Segment increase to $6.3 million, though Treatment Segment revenue declined to $11.6 million due to lower waste volumes.
  • Consolidated gross profit fell to $552,000 from $2.6 million in the prior year, resulting in a net loss of $3.5 million ($0.16/share) compared to $1.8 million ($0.10/share) in Q3 2025.
  • Management expects improved results in the coming year supported by a 65% backlog increase from year-end 2025, new pricing, and the anticipated commissioning of the Gen 2.0 PFAS destruction unit in Q4 2026.
  • Liquidity remains at $19.9 million ($14.3 million cash, $5.5 million availability) following a May 2026 equity offering and a credit facility maturity extension to May 2030, though recurring operating losses continue to raise substantial doubt regarding the company's ability to continue as a going concern.
Company
PERMA FIX ENVIRONMENTAL SERVICES INC
Sector
Industrials
Industry
Waste Management