Perma-Fix Reports 2025 Results as Expanded Capacity and Growing Backlog Support Hanford Cleanup Mission

Rhea-AI Summary

Perma-Fix Environmental Services (NASDAQ: PESI) reported 2025 results highlighting expanded treatment capacity and backlog growth tied to the Hanford cleanup mission. Key operational drivers include a renewed PFNW permit increasing liquid mixed waste capacity to ~1.2 million gallons annually and year-end treatment backlog of ~$11.9 million (up ~51% YoY).

2025 revenue was $61.7 million with Treatment revenue of $45.1 million (up ~29% YoY); net loss was ~$13.8 million. International revenue rose to ~$6.4 million (up ~163% YoY). The company expects continued investments and initial Q1 operating losses as throughput ramps in 2026.

Positive

• PFNW permit expands capacity to 1.2 million gallons annually
• Year-end treatment backlog increased ~51% to $11.9 million
• International revenue rose ~163% to approximately $6.4 million
• Treatment segment revenue +29% to $45.1 million in 2025
• Gross profit improved to $6.0 million in 2025 from $2,000

Negative

• Net loss of $13.8 million in 2025
• Operating loss of $11.7 million in 2025
• Services revenue fell 31.4% to $16.6 million
• Environmental remediation reserve increased by $2.7 million

Market Reaction – PESI

-11.29% $10.69 1.6x vol

15m delay 13 alerts

-11.29% Since News

$10.69 Last Price

$10.22 $11.34 Day Range

-$25M Valuation Impact

$198M Market Cap

1.6x Rel. Volume

Following this news, PESI has declined 11.29%, reflecting a significant negative market reaction. Our momentum scanner has triggered 13 alerts so far, indicating notable trading interest and price volatility. The stock is currently trading at $10.69. This price movement has removed approximately $25M from the company's valuation. Trading volume is above average at 1.6x the average, suggesting increased trading activity.

Data tracked by StockTitan Argus (15 min delayed). Upgrade to Silver for real-time data.

Key Figures

Q4 2025 Revenue: $15.7M Q4 Treatment Revenue: $11.4M Q4 Operating Loss: $3.2M +5 more

8 metrics

Q4 2025 Revenue $15.7M Quarter ended Dec 31, 2025 vs $14.7M in Q4 2024

Q4 Treatment Revenue $11.4M Treatment Segment revenue in Q4 2025 vs $8.8M in 2024

Q4 Operating Loss $3.2M Operating loss in Q4 2025 vs $3.6M in Q4 2024

2025 Revenue $61.7M Full-year 2025 vs $59.1M in 2024

2025 Net Loss $13.8M Full-year 2025 net loss vs $20.0M in 2024

Year-end Treatment Backlog $11.9M Backlog up ~51% year-over-year at 2025 year-end

International Revenue 2025 $6.4M Revenue from foreign entities, up ~163% year-over-year

PFNW Liquid Capacity 1.2M gallons/year Permitted liquid mixed waste processing capacity after renewal

Market Reality Check

Price: $12.05 Vol: Volume 167,782 vs 20-day ...

normal vol

$12.05 Last Close

Volume Volume 167,782 vs 20-day average 135,263 (relative volume 1.24) shows somewhat elevated interest ahead of the release. normal

Technical Shares at $12.05 are trading below the 200-day MA of $12.35, and sit about 27% under the 52-week high of $16.4999 while nearly 93% above the 52-week low of $6.25.

Peers on Argus

PESI gained 2.16% with slightly above-average volume, while close peers were mix...

2 Up

PESI gained 2.16% with slightly above-average volume, while close peers were mixed: QRHC up 13.51%, NVRI up 1.1%, and others like ABAT and ESGL down. Momentum scanner only flagged DXST and QRHC, indicating today’s move in PESI appears more company-specific than sector-driven.

Historical Context

5 past events · Latest: Mar 20 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Mar 20	Conference call notice	Neutral	-3.6%	Scheduled Q4 and 2025 business update call for Mar 24, 2026.
Jan 09	Permit expansion	Positive	+0.8%	PFNW permit renewal tripling liquid mixed waste capacity and macroencapsulation tonnage.
Dec 04	PFAS partnership	Positive	+3.8%	Joint distribution deal to pair Perma-FAS PFAS destruction with Enforcer One foam systems.
Nov 10	Earnings update	Positive	+16.2%	Q3 2025 results with higher Treatment revenue, improved margins, and narrower net loss.
Oct 31	Conference call notice	Neutral	-2.3%	Announcement of Q3 2025 business update conference call details.

Pattern Detected

Recent fundamentally positive updates (permit expansion, Q3 results, PFAS partnership) generally saw positive price reactions, while routine conference-call notices had small negative moves. The market has tended to reward concrete operational progress more than scheduling announcements.

Recent Company History

Over the past few months, Perma-Fix has highlighted multiple growth drivers. A Nov 10, 2025 Q3 update showed revenue of $17.5M, stronger Treatment margins, and a net loss narrowing to $1.8M, which drew a 16.24% gain. A Jan 9, 2026 permit expansion roughly tripled PFNW’s capacity and saw a modest positive reaction. The PFAS-focused partnership on Dec 4, 2025 and today’s 2025 results both build on those themes of capacity, technology, and Hanford-linked demand.

Market Pulse Summary

The stock is dropping -11.3% following this news. A negative reaction despite operational progress w...

Analysis

The stock is dropping -11.3% following this news. A negative reaction despite operational progress would fit a pattern where the market focuses on ongoing losses rather than backlog and capacity gains. 2025 still showed a net loss of about $13.8M and Q4 loss per share of $0.31, alongside a $2.7M remediation reserve increase. If selling intensified, it could reflect concern over the pace of DOE and Services recovery versus the company’s fixed cost base and investment needs.

Key Terms

direct-feed low-activity waste, macroencapsulation, pfas, ebitda, +2 more

6 terms

direct-feed low-activity waste technical

"as the Direct-Feed Low-Activity Waste, or DFLAW, program transitions"

Direct-feed low-activity waste is a cleanup approach that moves relatively low-radioactivity liquid waste from storage tanks straight into a treatment system for immobilization, rather than running it through lengthy interim processing steps. For investors, it matters because choosing this faster, simpler route can shrink cleanup timelines and costs but increases reliance on a single treatment path and regulatory approvals, so it creates concentrated schedule, technical and contract risk—like betting a project on one main bridge instead of several small roads.

macroencapsulation technical

"and authorizes treatment of up to 175,000 tons of waste through macroencapsulation."

A medical technique that encloses living cells, tissues, or implantable devices inside a protective, porous container so the body’s immune system cannot attack them while nutrients and therapeutic molecules can pass through. For investors, macroencapsulation matters because it affects how easily a therapy can be manufactured, tested, regulated and scaled—similar to packaging a fragile product so it survives shipping yet still functions on arrival, which influences development cost, timeline and commercial risk.

pfas medical

"destruction technology for PFAS (Per- and polyfluoroalkyl substances)."

PFAS are a group of human-made chemicals used in many everyday products, such as non-stick cookware, water-repellent clothing, and food packaging, because they resist heat, water, and grease. They are often called "forever chemicals" because they do not break down easily in the environment or the human body, potentially leading to health concerns. For investors, the presence of PFAS-related risks can impact companies’ reputations, legal liabilities, and future costs.

ebitda financial

"The Company reported EBITDA of ($9.7) million from continuing operations"

EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It measures a company's profitability by focusing on the money it makes from its core operations, ignoring expenses like taxes and accounting adjustments. Investors use EBITDA to compare how well different companies are performing financially, as it provides a clearer picture of operational success without the influence of financial structure or accounting choices.

u.s. gaap financial

"EBITDA is not a measure of performance calculated in accordance with ... (“U.S. GAAP”)"

U.S. GAAP is a set of rules and standards that companies in the United States follow to prepare their financial reports. It helps ensure that financial information is consistent and clear, so investors and others can compare and understand a company's financial health easily.

environmental remediation reserve technical

"increase of approximately $2.7 million made to the environmental remediation reserve"

A sum of money a company sets aside on its balance sheet to cover expected costs of cleaning up pollution, hazardous waste, or other environmental damage at property it owns or operates. Investors care because this reserve signals likely future cash outflows and legal or regulatory exposure—like a rainy-day fund for cleanup—that can reduce profits, tie up cash, and affect the company's risk profile and valuation.

AI-generated analysis. Not financial advice.

PFNW permit renewal triples liquid processing capacity to 1.2 million gallons annually while backlog growth and international activity strengthen the Company’s growth platform

ATLANTA, March 24, 2026 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) (the “Company”) today announced financial results and provided a business update for the fourth quarter and full year ended December 31, 2025.

Mark Duff, President and Chief Executive Officer of the Company, commented, “During 2025, we focused on strengthening Perma-Fix’s operational foundation and positioning the Company for the next phase of growth tied to the U.S. Department of Energy’s (“DOE”) Hanford cleanup mission. While the timing of certain government programs affected activity levels during the year, we continued to progress in preparing our facilities, workforce, and infrastructure to support the increased waste volumes expected as the Direct-Feed Low-Activity Waste, or DFLAW, program transitions into its operational phase.

A key milestone supporting this strategy was the renewal of the permit for our Perma-Fix Northwest facility, which significantly expands our permitted processing capacity to approximately 1.2 million gallons of liquid mixed waste annually and authorizes treatment of up to 175,000 tons of waste through macroencapsulation. With the increase in permitted processing capacity, combined with our investments in automation, workforce expansion, and facility upgrades, we believe Perma-Fix Northwest is positioned to play an increasingly important role in supporting multiple Hanford-related waste streams and other DOE mission objectives as activity is expected to ramp up in the coming quarters. Importantly, the DFLAW program began hot commissioning activities in Q4 and the operational phase is expected to begin in the coming months, which we believe will result in additional waste streams being generated for treatment at our Perma-Fix Northwest facility in 2026 and beyond.

At the same time, we strengthened our long-term growth platform across multiple fronts. Our Treatment Segment delivered meaningful operational improvement, supported by higher waste volumes and improved plant throughput, while our year-end treatment backlog increased by approximately 51% year-over-year to approximately $11.9 million, providing improved revenue potential heading into 2026. In addition, international project activity continued to expand, with revenue from foreign entities increasing by approximately 163% year-over-year to approximately $6.4 million, reflecting growing global demand for our specialized treatment capabilities and an expanding pipeline of international project opportunities.

We also continued advancing the development and commercialization of our patent-pending destruction technology for PFAS (Per- and polyfluoroalkyl substances). Over the past year we have successfully executed additional PFAS treatment work utilizing our proprietary Perma-FAS system, further validating the real-world application of the technology, and expanded engagement with both government and commercial customers seeking permanent destruction solutions. We are currently advancing a number of more significant project opportunities across both government and commercial markets that could expand the deployment of our PFAS destruction technology.

Looking ahead to 2026, we believe that Perma-Fix is entering a period of increasing operational momentum. Our results of operations are expected to continue to reflect operating losses in the first quarter as we incur fixed operating costs and make investments in anticipation of waste treatment volumes and program activities. However, with expanded treatment capacity, a growing backlog, increasing international demand, and anticipated waste receipts tied to the Hanford mission and other government and commercial programs, we believe we are well positioned to deliver improved financial performance as treatment throughput increases and our expanded infrastructure supports the next phase of long-duration environmental remediation programs.”

Financial Results

Fourth-Quarter 2025 Results
Revenue for the fourth quarter of 2025 was $15.7 million versus $14.7 million for the same period last year. The increase was attributed entirely to the Treatment Segment where revenue increased to approximately $11.4 million from $8.8 million, an increase of $2.6 million or approximately 29.0% due primarily to higher waste volume. Revenue from the Services Segment decreased to approximately $4.3 million for the fourth quarter of 2025 from $5.9 million for the same period of 2024, reflecting a decrease of approximately $1.6 million or 26.4%. The decrease was primarily due to less project work. Our Services Segment revenues are project based; as such, the scope, duration and completion of each project vary. Additionally, the temporary U.S. federal government shutdown that occurred in October 2025 impacted procurement cycles for government-related customers.

Overall gross profit for the fourth quarter of 2025 was approximately $1.2 million versus $594,000 for the same period of 2024, an increase of approximately $618,000 or 104.0%. Treatment Segment gross profit increased by approximately $983,000 or 362.7%, and gross margin increased to 6.2% from (3.1%), primarily due to increased revenue from increased waste volume. Services Segment gross profit decreased by approximately $365,000 or 42.2% and gross margin decreased to 11.6% from 14.7%. The decreases were attributed primarily to lower revenue as discussed above.

Operating loss for the fourth quarter of 2025 was approximately $3.2 million versus an operating loss of $3.6 million for the fourth quarter of 2024. Loss from continuing operations for the fourth quarter of 2025 was approximately $2.8 million as compared to loss from continuing operations of $3.5 million for the corresponding period of 2024.

Net loss for the fourth quarter of 2025 was approximately $5.7 million as compared to a net loss of $3.5 million for the fourth quarter of 2024. Our net loss for the fourth quarter of 2025 included an increase of approximately $2.7 million made to the environmental remediation reserve at our Perma-Fix of South Georgia, Inc. (“PFSG”) subsidiary, a discontinued operation, following a reassessment of remediation cost estimates after clarification of the remediation plan from the state regulator. Loss per share (both basic and diluted) was $0.31 for the fourth quarter of 2025 as compared to loss per share (both basic and diluted) of $0.22 for the corresponding period of 2024.

2025 Financial Results
Revenue in 2025 was $61.7 million versus $59.1 million in 2024. Revenue from the Treatment Segment increased by approximately $10.1 million to $45.1 million in 2025 from $35.0 million in 2024, an increase of approximately 29.0%. The Treatment Segment benefited from higher waste volumes and higher averaged price waste mix, which included higher revenue generated from international and commercial customers. Services Segment revenue decreased by approximately $7.5 million to $16.6 million in 2025 from $24.1 million in 2024, a decrease of approximately 31.4%. The Services Segment experienced lower revenue, due in part to delays in project mobilization and delays in procurements that resulted from changes to the new Administration and supporting policies that occurred in the first half of 2025. The partial government shutdown that occurred effective October 1, 2025, also negatively impacted our revenue as procurement timing cycles were impacted for our federal government-related customers.

Gross profit for 2025 was approximately $6.0 million, compared to $2,000 in 2024, where we saw increases in gross profit in both reporting segments. The increases in gross profit in the Treatment Segment of approximately $5.9 million or 531.9%, and gross margin to 10.6% from (3.2)% in 2025 from 2024 were attributed primarily to higher revenue from higher waste volume and higher averaged price waste mix as discussed above, partially offset by an increase in fixed costs. Services Segment gross profit increased by approximately $67,000 or 6.0%, and gross margin improved to 7.1% from 4.6% in 2025 from 2024. The improvements were attributed primarily to overall improved margin on projects and lower fixed costs, which were offset by the impact of lower revenue.

Operating loss in 2025 was $11.7 million versus an operating loss of $15.7 million in 2024. Loss from continuing operations in 2025 was approximately $10.7 million, as compared to loss from continuing operations of $19.6 million in 2024. Loss from continuing operations in 2024 included a tax expense recorded in the amount of approximately $8.2 million as the Company provided for a full valuation allowance against its U.S deferred tax assets.

Net loss in 2025 was approximately $13.8 million compared to a net loss of $20.0 million in 2024. Net loss for 2025 included an increase of approximately $2.7 million made to the environmental remediation reserve at our PFSG subsidiary, a discontinued operation, during the fourth quarter of 2025 as discussed previously. Loss per share (both basic and diluted) was $0.75 in 2025 as compared to loss per share (both basic and diluted) of $1.33 in 2024.

The Company reported EBITDA of ($9.7) million from continuing operations for the twelve months ended December 31, 2025, as compared to EBITDA of approximately ($13.8) million for the same period of 2024. The Company defines EBITDA as earnings before interest, taxes, depreciation and amortization. EBITDA is not a measure of performance calculated in accordance with Generally Accepted Accounting Principles in the United States of America (“U.S. GAAP”), and should not be considered in isolation of, or as a substitute for, earnings as an indicator of operating performance or cash flows from operating activities as a measure of liquidity. The Company believes the presentation of EBITDA is relevant and useful by enhancing the readers’ ability to understand the Company’s operating performance. The Company’s management utilizes EBITDA as a means to measure performance. The Company’s measurement of EBITDA may not be comparable to similar-titled measures reported by other companies. The table below reconciles EBITDA, a non-GAAP measure, to GAAP numbers for loss from continuing operations for the three and twelve months ended December 31, 2025, and 2024.

		Quarter Ended								Twelve Months Ended
		December 31,								December 31,
		(Unaudited)								(Unaudited)
(In thousands)			2025				2024				2025				2024
Loss from continuing operations, net of taxes		$	(2,820	)		$	(3,521	)		$	(10,665	)		$	(19,569	)
Adjustments:
Depreciation & amortization			460				468				1,759				1,763
Interest income			(222	)			(242	)			(1,123	)			(921	)
Interest expense			(121	)			127				230				473
Interest expense - financing fees			21				19				84				66
Income tax expense			—				135				—				4,435
EBITDA			(2,682	)			(3,014	)			(9,715	)			(13,753	)

The tables below present certain financial information for the reporting segments, which exclude corporate expenses.

		Three Months Ended									Twelve Months Ended
		December 31, 2025									December 31, 2025
		(Unaudited)									(Unaudited)
(In thousands)		Treatment				Services					Treatment				Services
Net revenues		$	11,401			$	4,314				$	45,097			$	16,577
Gross profit			712				500					4,794				1,179
Loss from operations			(709	)			(412	)				(1,449	)			(2,062	)

		Three Months Ended									Twelve Months Ended
		December 31, 2024									December 31, 2024
		(Unaudited)									(Unaudited)
(In thousands)		Treatment				Services					Treatment				Services
Net revenues		$	8,837			$	5,865				$	34,953			$	24,164
Gross (loss) profit			(271	)			865					(1,110	)			1,112
Loss from operations			(1,588	)			(194	)				(6,260	)			(2,307	)

Conference Call
Perma-Fix will host a conference call at 10:00 AM Eastern Time on Tuesday, March 24, 2026. The call will be available in the investors’ section of the Company’s website at https://ir.perma-fix.com/conference-calls, or by calling toll free 888-506-0062 for U.S. callers or +1 973-528-0011 for international callers, and by entering access code: 568987.. The conference call will be led by Mark J. Duff, Chief Executive Officer, Dr. Louis F. Centofanti, Executive Vice President of Strategic Initiatives, and Ben Naccarato, Executive Vice President and Chief Financial Officer of Perma-Fix Environmental Services, Inc.

A webcast will also be archived on the Company’s website and a telephone replay of the call will be available approximately one hour following the call, through Tuesday, April 7, 2026, and can be accessed by dialing 877-481-4010 for U.S. callers or +1 919-882-2331 for international callers and entering access code: 53791.

About Perma-Fix Environmental Services
Perma-Fix Environmental Services, Inc. is a nuclear services company and leading provider of nuclear and mixed waste management services. The Company's nuclear waste services include management and treatment of radioactive and mixed waste for hospitals, research labs and institutions, federal agencies, including the DOE, the U.S. Department of War (“DOW”), and the commercial nuclear industry. The Company’s nuclear services group provides project management, waste management, environmental restoration, decontamination and decommissioning, new build construction, and radiological protection, safety and industrial hygiene capability to our clients. The Company operates four nuclear waste treatment facilities and provides nuclear services at DOE, DOW, and commercial facilities, nationwide.

Please visit us at http://www.perma-fix.com.

This press release contains “forward-looking statements” which are based largely on the Company's expectations and are subject to various business risks and uncertainties, certain of which are beyond the Company's control. Forward-looking statements generally are identifiable by use of the words such as “believe”, “expects”, “intends”, “anticipate”, “plans to”, “estimates”, “projects”, and similar expressions. Forward-looking statements include, but are not limited to, statements relating to: increased waste volumes from DFLAW operational phase; improvements that position Perma-Fix Northwest in supporting multiple Hanford-related waste streams and other DOE mission objectives in the coming quarters; advancing more significant project opportunities related to our PFAS-destruction technology; and expectations regarding improved financial performance. These forward-looking statements are intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. While the Company believes the expectations reflected in this news release are reasonable, it can give no assurance such expectations will prove to be correct. There are a variety of factors which could cause future outcomes to differ materially from those described in this release, including, without limitation, future economic conditions; industry conditions; competitive pressures; our ability to apply and market our new technologies; the government or other counterparty to a contract to which we are a party failing to abide by or comply with the contract or to deliver waste as anticipated under the contract or terminating existing contracts; inability to win bid projects; Congress failing to provide continuing funding for the DOD’s and DOW’s remediation projects; inability to obtain new foreign and domestic remediation contracts; inability to meet financial covenants in our credit agreements with our primary lender; market acceptance of our PFAS-destruction technology; and the “Risk Factors” discussed in, and the additional factors referred to under "Special Note Regarding Forward-Looking Statements" of, our 2025 Form 10-K. The Company makes no commitment to disclose any revisions to forward-looking statements, or any facts, events or circumstances after the date hereof that bear upon such forward-looking statements.

FINANCIAL TABLES FOLLOW

Contacts:
David K. Waldman-US Investor Relations
Crescendo Communications, LLC
(212) 671-1021

Herbert Strauss-European Investor Relations
herbert@eu-ir.com
+43 316 296 316

PERMA-FIX ENVIRONMENTAL SERVICES, INC. CONSOLIDATED STATEMENTS OF OPERATIONS
		Three Months Ended								Twelve Months Ended
		December 31,								December 31,
		2025				2024				2025				2024
(Amounts in Thousands, Except for Per Share Amounts)		(Unaudited)				(Unaudited)				(Unaudited)				(Unaudited)
Net revenues	$	15,715			$	14,702			$	61,674			$	59,117
Cost of goods sold		14,503				14,108				55,701				59,115
Gross profit		1,212				594				5,973				2
Selling, general and administrative expenses		4,188				3,861				16,416				14,491
Research and development		254				300				1,291				1,172
Loss on disposal of property and equipment		3				20				1				21
Loss from operations		(3,233	)			(3,587	)			(11,735	)			(15,682	)
Other income (expense):
Interest income		222				242				1,123				921
Interest expense		121				(127	)			(230	)			(473	)
Interest expense-financing fees		(21	)			(19	)			(84	)			(66	)
Other		91				105				261				166
Loss from continuing operations before taxes		(2,820	)			(3,386	)			(10,665	)			(15,134	)
Income tax expense		—				135				—				4,435
Loss from continuing operations, net of taxes		(2,820	)			(3,521	)			(10,665	)			(19,569	)
(Loss) income from discontinued operations, net of taxes		(2,840	)			31				(3,119	)			(410	)
Net loss	$	(5,660	)		$	(3,490	)		$	(13,784	)		$	(19,979	)
Net loss per common share - basic and diluted:
Continuing operations	$	(.15)			$	(.22)			$	(.58)			$	(1.30	)
Discontinued operations		(.16)				—				(.17)				(.03)
Net loss per common share	$	(.31)			$	(.22)			$	(.75)			$	(1.33	)
Weighted average number of common shares used in computing net loss per share:
Basic		18,511				16,194				18,464				15,072
Diluted		18,511				16,194				18,464				15,072

PERMA-FIX ENVIRONMENTAL SERVICES, INC. CONDENSED CONSOLIDATED BALANCE SHEETS
		December 31,				December 31,
			2025				2024
(Amounts in Thousands, Except for Share and Per Share Amounts)		(Unaudited)				(Unaudited)
ASSETS
Current assets:
Cash		$	11,768			$	28,975
Account receivable, net of allowance for credit losses of $309 and
$202, respectively			11,228				11,579
Unbilled receivables			8,781				4,990
Other current assets			4,534				4,659
Assets of discontinued operations included in current assets			60				20
Total current assets			36,371				50,223
Net property and equipment			24,600				21,133
Property and equipment of discontinued operations			146				130
Operating lease right-of-use assets			1,445				1,697
Intangibles and other assets			25,472				24,065
Total assets		$	88,034			$	97,248
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities		$	22,298			$	21,696
Current liabilities related to discontinued operations			270				244
Total current liabilities			22,568				21,940
Long-term liabilities			11,729				11,973
Long-term liabilities related to discontinued operations			3,598				945
Total liabilities			37,895				34,858
Commitments and Contingencies
Stockholders’ equity:
Preferred Stock, $.001 par value; 2,000,000 shares authorized,
no shares issued and outstanding			—				—
Common Stock, $.001 par value; 30,000,000 shares authorized,
18,525,823 and 18,384,879 shares issued, respectively;
18,518,181 and 18,377,237 shares outstanding, respectively			18				18
Additional paid-in capital			161,057				159,590
Accumulated deficit			(110,714	)			(96,930	)
Accumulated other comprehensive loss			(134	)			(200	)
Less Common Stock held in treasury, at cost: 7,642 shares			(88	)			(88	)
Total stockholders' equity			50,139				62,390
Total liabilities and stockholders' equity		$	88,034			$	97,248

FAQ

What capacity increase did Perma-Fix (PESI) announce for Perma-Fix Northwest on March 24, 2026?

Perma-Fix increased permitted liquid mixed waste processing to approximately 1.2 million gallons annually. According to the company, the renewal also authorizes treatment of up to 175,000 tons via macroencapsulation and supports anticipated Hanford waste volumes.

How large was Perma-Fix's (PESI) treatment backlog at year-end 2025 and why does it matter?

The company reported a year-end treatment backlog of approximately $11.9 million, up ~51% year-over-year. According to the company, the larger backlog improves near-term revenue visibility as treatment throughput is expected to increase in 2026.

What were Perma-Fix's (PESI) full-year 2025 revenue and net loss figures?

Perma-Fix reported full-year revenue of $61.7 million and a net loss of approximately $13.8 million in 2025. According to the company, improved treatment margins partly offset ongoing operating investments and reserve adjustments.

How did Perma-Fix's (PESI) international revenue change in 2025 and what drove it?

International revenue increased to approximately $6.4 million, up about 163% year-over-year. According to the company, growing global demand for specialized treatment services and an expanding international project pipeline drove the rise.

Why did Perma-Fix (PESI) report higher net loss in Q4 2025 compared to operating results?

Q4 2025 net loss included a $2.7 million increase to an environmental remediation reserve at a discontinued subsidiary. According to the company, the reserve reassessment followed regulator clarification and increased remediation cost estimates.

What near-term outlook did Perma-Fix (PESI) give for 2026 operations and results?

Perma-Fix expects initial Q1 operating losses while incurring fixed costs and investing for increased volumes. According to the company, expanded capacity, backlog growth, and Hanford DFLAW commissioning support an improved financial trajectory as throughput rises.