Filing Flows › Dirtt Environmental Solutions (DRTTF) › Q1 2025
Dirtt Environmental Solutions (DRTTF) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Dirtt Environmental Solutions (DRTTF) reported revenue of $41.3M for the first quarter 2025 (Q1 2025), +1% from a year earlier and -16% from the quarter before. Operating margin was -0.8%, net loss $661K (1.6% of revenue).
Dirtt Environmental Solutions, Q1 2025: revenue $41.3M (+1% year over year), operating margin -0.8%, net loss $661K, operating cash flow $3.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $41.3M | -16% | +1% |
| Operating profit | −$322K | — | — |
| Net earnings | −$661K | — | — |
| Operating cash flow | $3.7M | -41% | — |
| Free cash flow | $3.4M | -42% | — |
What changed
Revenue was $41.3M in Q1 2025, up 1% year over year and down 16% from the previous quarter. Commercial was the largest line at 68% of revenue. Health Care added $4.2M year over year (up 136%), 927% of the total change. Service declined 48%.
Gross margin was 35.2%, down 0.6 points from a year earlier. Operating costs exceeded revenue by $322K, an operating margin of -0.8%. Operating expenses grew 0% against revenue growth of 1%. The fastest-growing cost line was General & admin (+20%). The quarter ended with a net loss of $661K, after a profit of $4.0M the previous quarter.
Operating cash flow was $3.7M. Non-cash charges added back $1.5M of depreciation and amortization and $739K of share-based compensation. Working capital and other items added $2.1M. Capital expenditures of $298K left free cash flow of $3.4M.
Questions
What was Dirtt Environmental Solutions' revenue in the first quarter 2025?
Dirtt Environmental Solutions (DRTTF) reported revenue of $41.3M for the first quarter 2025 (Q1 2025), +1% from a year earlier and -16% from the quarter before.
Was Dirtt Environmental Solutions profitable in the first quarter 2025?
Operating loss was $322K (-0.8% of revenue) and net loss $661K.