Filing Flows › Dirtt Environmental Solutions (DRTTF) › Q3 2025
Dirtt Environmental Solutions (DRTTF) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Dirtt Environmental Solutions (DRTTF) reported revenue of $37.7M for the third quarter 2025 (Q3 2025), -13% from a year earlier and -3% from the quarter before. Operating margin was -9.8%, net loss $3.5M (9.2% of revenue).
Dirtt Environmental Solutions, Q3 2025: revenue $37.7M (-13% year over year), operating margin -9.8%, net loss $3.5M, operating cash flow $4.4M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $37.7M | -3% | -13% |
| Operating profit | −$3.7M | — | — |
| Net earnings | −$3.5M | — | — |
| Operating cash flow | $4.4M | — | +188% |
| Free cash flow | $4.1M | — | +239% |
What changed
Revenue was $37.7M in Q3 2025, down 13% year over year and down 3% from the previous quarter. Commercial was the largest line at 57% of revenue. Commercial lost $6.1M year over year (down 22%), 108% of the total change.
Gross margin was 30.4%, down 8.4 points from a year earlier. Operating costs exceeded revenue by $3.7M, an operating margin of -9.8%. Operating expenses fell 3% while revenue fell 13%. The fastest-growing cost line was Other operating costs (+29%). The quarter ended with a net loss of $3.5M, narrower than the previous quarter's $6.6M loss.
Operating cash flow was $4.4M (up 188% year over year). Non-cash charges added back $1.5M of depreciation and amortization and $742K of share-based compensation. Working capital and other items added $5.6M. Capital expenditures of $283K left free cash flow of $4.1M.
Questions
What was Dirtt Environmental Solutions' revenue in the third quarter 2025?
Dirtt Environmental Solutions (DRTTF) reported revenue of $37.7M for the third quarter 2025 (Q3 2025), -13% from a year earlier and -3% from the quarter before.
Was Dirtt Environmental Solutions profitable in the third quarter 2025?
Operating loss was $3.7M (-9.8% of revenue) and net loss $3.5M.