Filing Flows › Dirtt Environmental Solutions (DRTTF) › Q1 2026
Dirtt Environmental Solutions (DRTTF) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Dirtt Environmental Solutions (DRTTF) reported revenue of $42.4M for the first quarter 2026 (Q1 2026), +3% from a year earlier and -17% from the quarter before. Operating margin was -7.7%, net loss $3.3M (7.7% of revenue).
Dirtt Environmental Solutions, Q1 2026: revenue $42.4M (+3% year over year), operating margin -7.7%, net loss $3.3M, operating cash flow $1.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $42.4M | -17% | +3% |
| Operating profit | −$3.3M | — | — |
| Net earnings | −$3.3M | — | — |
| Operating cash flow | $1.2M | — | -67% |
| Free cash flow | $771K | — | -77% |
What changed
Revenue was $42.4M in Q1 2026, up 3% year over year and down 17% from the previous quarter. Commercial was the largest line at 58% of revenue. Health Care added $4.8M year over year (up 67%), 422% of the total change. Education declined 39%.
Gross margin was 30.6%, down 4.6 points from Q1 2025. Operating costs exceeded revenue by $3.3M, an operating margin of -7.7%. Operating expenses grew 9% against revenue growth of 3%. The fastest-growing cost line was Other operating costs (+38%). The quarter ended with a net loss of $3.3M, narrower than the previous quarter's $3.7M loss.
Operating cash flow was $1.2M (down 67% year over year). Non-cash charges added back $1.4M of depreciation and amortization and $875K of share-based compensation. Working capital and other items added $2.2M. Capital expenditures of $436K left free cash flow of $771K.
Questions
What was Dirtt Environmental Solutions' revenue in the first quarter 2026?
Dirtt Environmental Solutions (DRTTF) reported revenue of $42.4M for the first quarter 2026 (Q1 2026), +3% from a year earlier and -17% from the quarter before.
Was Dirtt Environmental Solutions profitable in the first quarter 2026?
Operating loss was $3.3M (-7.7% of revenue) and net loss $3.3M.