Perma-Fix Environmental Svcs Financials
This page shows Perma-Fix Environmental Svcs (PESI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Perma-Fix Environmental Svcs has an operating margin of -26.5%, meaning the company retains $-27 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from 0.8% the prior year.
Perma-Fix Environmental Svcs's revenue declined 34.1% year-over-year, from $89.7M to $59.1M. This contraction results in a growth score of 0/100.
Perma-Fix Environmental Svcs carries a low D/E ratio of 0.03, meaning only $0.03 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 2.29, Perma-Fix Environmental Svcs holds $2.29 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 72/100.
While Perma-Fix Environmental Svcs generated -$14.7M in operating cash flow, capex of $3.4M consumed most of it, leaving -$18.1M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Perma-Fix Environmental Svcs passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Perma-Fix Environmental Svcs generates $0.74 in operating cash flow (-$14.7M OCF vs -$20.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Perma-Fix Environmental Svcs earns $-33.2 in operating income for every $1 of interest expense (-$15.7M vs $473K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Perma-Fix Environmental Svcs generated $59.1M in revenue in fiscal year 2024. This represents a decrease of 34.1% from the prior year.
Perma-Fix Environmental Svcs's EBITDA was -$13.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 518.7% from the prior year.
Perma-Fix Environmental Svcs generated -$18.1M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 481.4% from the prior year.
Perma-Fix Environmental Svcs reported -$20.0M in net income in fiscal year 2024. This represents a decrease of 4219.4% from the prior year.
Perma-Fix Environmental Svcs earned $-1.33 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 3425.0% from the prior year.
Perma-Fix Environmental Svcs held $29.0M in cash against $1.8M in long-term debt as of fiscal year 2024.
Perma-Fix Environmental Svcs had 18M shares outstanding in fiscal year 2024. This represents an increase of 34.4% from the prior year.
Perma-Fix Environmental Svcs's gross margin was 0.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 18.2 percentage points from the prior year.
Perma-Fix Environmental Svcs's operating margin was -26.5% in fiscal year 2024, reflecting core business profitability. This is down 27.4 percentage points from the prior year.
Perma-Fix Environmental Svcs's net profit margin was -33.8% in fiscal year 2024, showing the share of revenue converted to profit. This is down 34.3 percentage points from the prior year.
Perma-Fix Environmental Svcs invested $1.2M in research and development in fiscal year 2024. This represents an increase of 108.9% from the prior year.
Perma-Fix Environmental Svcs invested $3.4M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 98.7% from the prior year.
PESI Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $17.5M+19.7% | $14.6M+4.8% | $13.9M-5.3% | $14.7M+5.1% | $14.0M+2.7% | $13.6M-40.1% | $22.7M+3.8% | $21.9M |
| Cost of Revenue | $14.9M+14.2% | $13.0M-1.7% | $13.3M-6.0% | $14.1M-7.7% | $15.3M+7.4% | $14.2M-22.7% | $18.4M+6.3% | $17.3M |
| Gross Profit | $2.6M+65.3% | $1.5M+135.5% | $657K+10.6% | $594K+145.5% | -$1.3M-110.6% | -$620K-114.4% | $4.3M-5.6% | $4.5M |
| R&D Expenses | $342K+9.6% | $312K-18.5% | $383K+27.7% | $300K+9.9% | $273K-7.8% | $296K+33.9% | $221K+84.2% | $120K |
| SG&A Expenses | $4.1M-1.1% | $4.1M+2.9% | $4.0M+4.0% | $3.9M+11.7% | $3.5M-2.5% | $3.5M-11.5% | $4.0M+1.8% | $3.9M |
| Operating Income | -$1.9M+35.3% | -$2.9M+22.5% | -$3.7M-4.2% | -$3.6M+28.8% | -$5.0M-12.9% | -$4.5M-55650.0% | -$8K-101.6% | $496K |
| Interest Expense | $116K-6.5% | $124K+10.7% | $112K-11.8% | $127K+16.5% | $109K-6.0% | $116K-13.4% | $134K+50.6% | $89K |
| Income Tax | N/A | N/A | N/A | $135K+111.6% | -$1.2M-21.4% | -$956K-105.6% | -$465K-283.1% | $254K |
| Net Income | -$1.8M+32.4% | -$2.7M+24.0% | -$3.6M-2.4% | -$3.5M+11.7% | -$4.0M-11.0% | -$3.6M-4495.1% | $81K-76.2% | $341K |
| EPS (Diluted) | $-0.10+33.3% | $-0.15+21.1% | $-0.19+17.4% | $-0.23+14.8% | $-0.27-3.8% | $-0.26-1400.0% | $0.020.0% | $0.02 |
PESI Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $91.2M+1.0% | $90.2M-2.8% | $92.9M-4.5% | $97.2M+11.8% | $87.0M+17.5% | $74.0M-6.0% | $78.7M-0.9% | $79.5M |
| Current Assets | $42.3M+0.3% | $42.1M-7.2% | $45.4M-9.6% | $50.2M+41.7% | $35.5M+42.3% | $24.9M-18.5% | $30.6M-5.1% | $32.2M |
| Cash & Equivalents | $16.4M-27.4% | $22.6M-12.2% | $25.7M-11.1% | $29.0M+59.9% | $18.1M+663.4% | $2.4M-68.3% | $7.5M+277.3% | $2.0M |
| Inventory | $1.1M-20.5% | $1.4M+6.0% | $1.3M-2.1% | $1.4M+39.9% | $965K-9.9% | $1.1M-7.3% | $1.2M+12.1% | $1.0M |
| Accounts Receivable | $11.9M+38.9% | $8.6M-8.1% | $9.3M-19.6% | $11.6M+80.3% | $6.4M-26.2% | $8.7M-10.5% | $9.7M-36.6% | $15.3M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $35.8M+7.2% | $33.4M-0.8% | $33.7M-3.4% | $34.9M-3.2% | $36.0M-4.7% | $37.8M-4.0% | $39.4M-3.2% | $40.7M |
| Current Liabilities | $23.9M+15.5% | $20.7M-0.6% | $20.8M-5.2% | $21.9M-3.2% | $22.7M-8.1% | $24.7M-5.0% | $25.9M-5.5% | $27.5M |
| Long-Term Debt | $1.4M-9.0% | $1.5M-8.4% | $1.6M-8.2% | $1.8M+4.1% | $1.7M-9.5% | $1.9M-5.2% | $2.0M-6.6% | $2.1M |
| Total Equity | $55.4M-2.6% | $56.8M-4.0% | $59.2M-5.1% | $62.4M+22.4% | $51.0M+40.6% | $36.2M-8.0% | $39.4M+1.4% | $38.8M |
| Retained Earnings | -$105.1M-1.8% | -$103.2M-2.7% | -$100.5M-3.7% | -$96.9M-14.8% | -$84.5M-4.9% | -$80.5M-4.6% | -$77.0M+0.1% | -$77.0M |
PESI Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$4.6M-145.1% | -$1.9M+10.1% | -$2.1M+36.3% | -$3.3M-154.5% | -$1.3M+71.3% | -$4.5M-170.0% | $6.4M+246.5% | -$4.4M |
| Capital Expenditures | $1.2M+29.4% | $909K+73.8% | $523K-55.7% | $1.2M+97.8% | $597K+144.7% | $244K-25.6% | $328K-3.2% | $339K |
| Free Cash Flow | -$5.8M-107.5% | -$2.8M-6.6% | -$2.6M+41.4% | -$4.5M-136.7% | -$1.9M+60.2% | -$4.8M-177.8% | $6.1M+229.1% | -$4.7M |
| Investing Cash Flow | -$1.2M-36.2% | -$903K-54.1% | -$586K+54.3% | -$1.3M-19.4% | -$1.1M-237.4% | -$318K+47.3% | -$603K-55.4% | -$388K |
| Financing Cash Flow | -$206K+10.4% | -$230K+41.9% | -$396K-101.7% | $23.1M+26.8% | $18.3M+14701.6% | -$125K+35.6% | -$194K-108.9% | $2.2M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
PESI Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 14.6%+4.0pp | 10.6%+5.9pp | 4.7%+0.7pp | 4.0%+13.4pp | -9.3%-4.8pp | -4.5%-23.4pp | 18.9%-1.9pp | 20.8% |
| Operating Margin | -10.7%+9.1pp | -19.8%+7.0pp | -26.8%-2.5pp | -24.4%+11.6pp | -36.0%-3.2pp | -32.8%-32.7pp | -0.0%-2.3pp | 2.3% |
| Net Margin | -10.5%+8.1pp | -18.6%+7.0pp | -25.7%-1.9pp | -23.7%+4.5pp | -28.2%-2.1pp | -26.1%-26.5pp | 0.4%-1.2pp | 1.6% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | 0.2%-0.7pp | 0.9% |
| Return on Assets | -2.0%+1.0pp | -3.0%+0.8pp | -3.9%-0.3pp | -3.6%+1.0pp | -4.5%+0.3pp | -4.8%-4.9pp | 0.1%-0.3pp | 0.4% |
| Current Ratio | 1.77-0.3 | 2.04-0.1 | 2.18-0.1 | 2.29+0.7 | 1.56+0.6 | 1.01-0.2 | 1.180.0 | 1.17 |
| Debt-to-Equity | 0.020.0 | 0.030.0 | 0.030.0 | 0.030.0 | 0.03-0.0 | 0.050.0 | 0.050.0 | 0.05 |
| FCF Margin | -33.3%-14.1pp | -19.2%-0.3pp | -18.9%+11.6pp | -30.5%-17.0pp | -13.6%+21.4pp | -35.0%-61.9pp | 26.9%+48.6pp | -21.7% |
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Frequently Asked Questions
What is Perma-Fix Environmental Svcs's annual revenue?
Perma-Fix Environmental Svcs (PESI) reported $59.1M in total revenue for fiscal year 2024. This represents a -34.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Perma-Fix Environmental Svcs's revenue growing?
Perma-Fix Environmental Svcs (PESI) revenue declined by 34.1% year-over-year, from $89.7M to $59.1M in fiscal year 2024.
Is Perma-Fix Environmental Svcs profitable?
No, Perma-Fix Environmental Svcs (PESI) reported a net income of -$20.0M in fiscal year 2024, with a net profit margin of -33.8%.
What is Perma-Fix Environmental Svcs's earnings per share (EPS)?
Perma-Fix Environmental Svcs (PESI) reported diluted earnings per share of $-1.33 for fiscal year 2024. This represents a -3425.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Perma-Fix Environmental Svcs's EBITDA?
Perma-Fix Environmental Svcs (PESI) had EBITDA of -$13.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Perma-Fix Environmental Svcs have?
As of fiscal year 2024, Perma-Fix Environmental Svcs (PESI) had $29.0M in cash and equivalents against $1.8M in long-term debt.
What is Perma-Fix Environmental Svcs's gross margin?
Perma-Fix Environmental Svcs (PESI) had a gross margin of 0.0% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Perma-Fix Environmental Svcs's operating margin?
Perma-Fix Environmental Svcs (PESI) had an operating margin of -26.5% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Perma-Fix Environmental Svcs's net profit margin?
Perma-Fix Environmental Svcs (PESI) had a net profit margin of -33.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Perma-Fix Environmental Svcs's free cash flow?
Perma-Fix Environmental Svcs (PESI) generated -$18.1M in free cash flow during fiscal year 2024. This represents a -481.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Perma-Fix Environmental Svcs's operating cash flow?
Perma-Fix Environmental Svcs (PESI) generated -$14.7M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Perma-Fix Environmental Svcs's total assets?
Perma-Fix Environmental Svcs (PESI) had $97.2M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Perma-Fix Environmental Svcs's capital expenditures?
Perma-Fix Environmental Svcs (PESI) invested $3.4M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Perma-Fix Environmental Svcs spend on research and development?
Perma-Fix Environmental Svcs (PESI) invested $1.2M in research and development during fiscal year 2024.
How many shares does Perma-Fix Environmental Svcs have outstanding?
Perma-Fix Environmental Svcs (PESI) had 18M shares outstanding as of fiscal year 2024.
What is Perma-Fix Environmental Svcs's current ratio?
Perma-Fix Environmental Svcs (PESI) had a current ratio of 2.29 as of fiscal year 2024, which is generally considered healthy.
What is Perma-Fix Environmental Svcs's debt-to-equity ratio?
Perma-Fix Environmental Svcs (PESI) had a debt-to-equity ratio of 0.03 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Perma-Fix Environmental Svcs's return on assets (ROA)?
Perma-Fix Environmental Svcs (PESI) had a return on assets of -20.5% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Perma-Fix Environmental Svcs's cash runway?
Based on fiscal year 2024 data, Perma-Fix Environmental Svcs (PESI) had $29.0M in cash against an annual operating cash burn of $14.7M. This gives an estimated cash runway of approximately 24 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Perma-Fix Environmental Svcs's Piotroski F-Score?
Perma-Fix Environmental Svcs (PESI) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Perma-Fix Environmental Svcs's earnings high quality?
Perma-Fix Environmental Svcs (PESI) has an earnings quality ratio of 0.74x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Perma-Fix Environmental Svcs cover its interest payments?
Perma-Fix Environmental Svcs (PESI) has an interest coverage ratio of -33.2x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Perma-Fix Environmental Svcs?
Perma-Fix Environmental Svcs (PESI) scores 34 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.