Filing Flows › Perma FIX Environmental Services (PESI) › Q2 2025
Perma FIX Environmental Services (PESI) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Perma FIX Environmental Services (PESI) reported revenue of $14.6M for the second quarter 2025 (Q2 2025), +4% from a year earlier and +5% from the quarter before. Operating margin was -19.8%, net loss $2.7M (18.6% of revenue).
Perma FIX Environmental Services, Q2 2025: revenue $14.6M (+4% year over year), operating margin -19.8%, net loss $2.7M, operating cash flow −$1.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $14.6M | +5% | +4% |
| Operating profit | −$2.9M | — | — |
| Net earnings | −$2.7M | — | — |
| Operating cash flow | −$1.9M | — | — |
What changed
Revenue was $14.6M in Q2 2025, up 4% year over year and up 5% from the previous quarter. Treatment was the largest line at 78% of revenue. Treatment added $3.1M year over year (up 37%), 509% of the total change. Services declined 43%.
Gross margin was 10.6%. Operating costs exceeded revenue by $2.9M, an operating margin of -19.8%. The fastest-growing cost line was SG&A (+20%). The quarter ended with a net loss of $2.7M, narrower than the previous quarter's $3.6M loss.
Operating cash flow was −$1.9M. Non-cash charges added back $437K of depreciation and amortization and $186K of share-based compensation. Working capital and other items added $202K. Capital expenditures of $909K exceeded it, leaving free cash flow of −$2.8M.
Questions
What was Perma FIX Environmental Services' revenue in the second quarter 2025?
Perma FIX Environmental Services (PESI) reported revenue of $14.6M for the second quarter 2025 (Q2 2025), +4% from a year earlier and +5% from the quarter before.
Was Perma FIX Environmental Services profitable in the second quarter 2025?
Operating loss was $2.9M (-19.8% of revenue) and net loss $2.7M.