Filing Flows › Perma FIX Environmental Services (PESI) › Q1 2025
Perma FIX Environmental Services (PESI) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Perma FIX Environmental Services (PESI) reported revenue of $13.9M for the first quarter 2025 (Q1 2025), +2% from a year earlier and -5% from the quarter before. Operating margin was -26.8%, net loss $3.6M (25.7% of revenue).
Perma FIX Environmental Services, Q1 2025: revenue $13.9M (+2% year over year), operating margin -26.8%, net loss $3.6M, operating cash flow −$2.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $13.9M | -5% | +2% |
| Operating profit | −$3.7M | — | — |
| Net earnings | −$3.6M | — | — |
| Operating cash flow | −$2.1M | — | — |
What changed
Revenue was $13.9M in Q1 2025, up 2% year over year and down 5% from the previous quarter. Treatment was the largest line at 66% of revenue. Treatment added $477K year over year (up 5%), 158% of the total change. Services declined 4%.
Gross margin was 4.7%. Operating costs exceeded revenue by $3.7M, an operating margin of -26.8%. The fastest-growing cost line was Research & development (+29%). The quarter ended with a net loss of $3.6M, wider than the previous quarter's $3.5M loss.
Operating cash flow was −$2.1M. Non-cash charges added back $436K of depreciation and amortization and $196K of share-based compensation. Working capital and other items added $837K. Capital expenditures of $523K exceeded it, leaving free cash flow of −$2.6M.
Questions
What was Perma FIX Environmental Services' revenue in the first quarter 2025?
Perma FIX Environmental Services (PESI) reported revenue of $13.9M for the first quarter 2025 (Q1 2025), +2% from a year earlier and -5% from the quarter before.
Was Perma FIX Environmental Services profitable in the first quarter 2025?
Operating loss was $3.7M (-26.8% of revenue) and net loss $3.6M.