Filing Flows › Perma FIX Environmental Services (PESI) › Q4 2025
Perma FIX Environmental Services (PESI) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 24, 2026
Perma FIX Environmental Services (PESI) reported revenue of $15.7M for the fourth quarter 2025 (Q4 2025), +7% from a year earlier and -10% from the quarter before. Operating margin was -20.6%, net loss $5.7M (36.0% of revenue).
Perma FIX Environmental Services, Q4 2025: revenue $15.7M (+7% year over year), operating margin -20.6%, net loss $5.7M, operating cash flow −$2.1M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $15.7M | -10% | +7% |
| Operating profit | −$3.2M | — | — |
| Net earnings | −$5.7M | — | — |
| Operating cash flow | −$2.1M | — | — |
What changed
Revenue was $15.7M in Q4 2025, up 7% year over year and down 10% from the previous quarter. Treatment was the largest line at 73% of revenue.
Gross margin was 7.7%, up 3.7 points from a year earlier. Operating costs exceeded revenue by $3.2M, an operating margin of -20.6%. Operating expenses grew 6% against revenue growth of 7%. The quarter ended with a net loss of $5.7M, wider than the previous quarter's $1.8M loss.
Operating cash flow was −$2.1M. Non-cash charges added back $460K of depreciation and amortization and $221K of share-based compensation. Working capital and other items added $2.9M. Capital expenditures of $2.1M exceeded it, leaving free cash flow of −$4.2M.
Questions
What was Perma FIX Environmental Services' revenue in the fourth quarter 2025?
Perma FIX Environmental Services (PESI) reported revenue of $15.7M for the fourth quarter 2025 (Q4 2025), +7% from a year earlier and -10% from the quarter before.
Was Perma FIX Environmental Services profitable in the fourth quarter 2025?
Operating loss was $3.2M (-20.6% of revenue) and net loss $5.7M.