Filing Flows › Perma FIX Environmental Services (PESI) › Q1 2026
Perma FIX Environmental Services (PESI) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Perma FIX Environmental Services (PESI) reported revenue of $11.1M for the first quarter 2026 (Q1 2026), -20% from a year earlier and -29% from the quarter before. Operating margin was -67.3%, net loss $7.5M (67.3% of revenue).
Perma FIX Environmental Services, Q1 2026: revenue $11.1M (-20% year over year), operating margin -67.3%, net loss $7.5M, operating cash flow −$3.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $11.1M | -29% | -20% |
| Operating profit | −$7.5M | — | — |
| Net earnings | −$7.5M | — | — |
| Operating cash flow | −$3.8M | — | — |
What changed
Revenue was $11.1M in Q1 2026, down 20% year over year and down 29% from the previous quarter. Treatment was the largest line at 71% of revenue. Services lost $1.5M year over year (down 31%), 53% of the total change.
Operating costs exceeded revenue by $7.5M, an operating margin of -67.3%. The quarter ended with a net loss of $7.5M, wider than the previous quarter's $5.7M loss.
Operating cash flow was −$3.8M. Non-cash charges added back $490K of depreciation and amortization and $216K of share-based compensation. Working capital and other items added $3.0M. Capital expenditures of $859K exceeded it, leaving free cash flow of −$4.6M.
Questions
What was Perma FIX Environmental Services' revenue in the first quarter 2026?
Perma FIX Environmental Services (PESI) reported revenue of $11.1M for the first quarter 2026 (Q1 2026), -20% from a year earlier and -29% from the quarter before.
Was Perma FIX Environmental Services profitable in the first quarter 2026?
Operating loss was $7.5M (-67.3% of revenue) and net loss $7.5M.