Perma-Fix Reports Third Quarter 2026 Results, with Sequential Growth of 39% in Revenue and 25% in Treatment Backlog from Second Quarter 2026

Nine-month revenue fell to $41.959 million from $45.959 million, while net loss widened to $17.149 million.

Rhea-AI Summary

Perma-Fix Environmental Services (NASDAQ: PESI) reported third-quarter 2026 revenue of $17.948 million, up 39% sequentially as Services revenue increased year over year. Revenue compared with $17.454 million a year earlier. Net loss widened to $3.462 million, or $0.16 per share, from $1.835 million, or $0.10 per share, although it narrowed sequentially.

Treatment backlog reached $19.6 million, up approximately 25% during the quarter and approximately 65% from year-end 2025. Services gross margin improved to 12.2% from 6.7%, while Treatment recorded a $225,000 gross loss amid processing delays and higher fixed operating costs. Thermal system upgrades were completed in September. Perma-Fix Northwest now receives both liquid effluent and dry waste from DFLAW. Substantial doubt about the company's ability to continue as a going concern remains unresolved despite approximately $19.9 million of PNC Liquidity.

23 points · 0 major

MixediHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

1 major · 20 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate pointThird-quarter revenue of $17.948 million increased 39% sequentially and exceeded $17.454 million a year earlier.
• Moderate pointTreatment backlog of $19.6 million rose approximately 25% quarterly and approximately 65% from year-end 2025.
• Moderate pointServices revenue of $6.347 million increased 46% year over year with increased project activity.
• Moderate pointServices gross profit of $777,000 rose from $291,000; margin improved to 12.2% from 6.7%.
• Moderate pointServices operating income of $201,000 reversed a $457,000 operating loss in the prior-year quarter.
• Moderate point. Forward-looking: it has not happened yet and may not happen.Hanford Master IDIQ subcontract award enables Perma-Fix to compete for individual waste-treatment task orders.
• Moderate pointPNC credit facility maturity was extended in August from May 2027 to May 2030.

16 minor points

• Minor pointThermal treatment upgrades at Florida and Kingston were completed in September and now support backlog processing.
• Minor pointPrice increases implemented beginning in August are starting to appear in new backlog.
• Minor pointPerma-Fix Northwest now receives both liquid effluent and dry waste from DFLAW.
• Minor pointGrouting capacity expansion is advancing through facility upgrades to support Hanford-related work.
• Minor pointPFAS destruction sales and receipts increased compared with the first half of 2026.
• Minor point. Forward-looking: it has not happened yet and may not happen.Gen 2.0 PFAS unit is expected to begin commissioning in fourth-quarter 2026, with operations anticipated in first-half 2027.
• Minor pointThird-quarter administrative expenses decreased to $3.998 million from $4.083 million a year earlier.
• Minor pointThird-quarter research and development expenses decreased to $225,000 from $342,000 a year earlier.
• Minor pointThird-quarter interest expense decreased to $80,000 from $116,000 a year earlier.
• Minor pointNine-month Services revenue increased to $14.191 million from $12.263 million a year earlier.
• Minor pointNine-month Services gross profit increased to $878,000 from $679,000 a year earlier.
• Minor pointNine-month Services operating loss narrowed to $927,000 from $1.650 million a year earlier.
• Minor pointNine-month administrative expenses decreased to $12.047 million from $12.228 million a year earlier.
• Minor pointNine-month research and development expenses decreased to $781,000 from $1.037 million a year earlier.
• Minor pointNine-month interest expense decreased to $213,000 from $351,000 a year earlier.
• Minor pointCash at September 30, 2026 increased to $14.743 million from $11.768 million at year-end 2025.

Negative

• Major pointGoing-concern substantial doubt remains unresolved because operating plans depend partly on government-directed shipments and project timing.
• Moderate pointContinued operating losses and 2026 capital expenditures reduced liquidity following the May equity offering.
• Moderate pointThird-quarter net loss widened year over year to $3.462 million from $1.835 million, despite narrowing sequentially.
• Moderate pointThird-quarter operating loss widened to $3.666 million from $1.872 million a year earlier.
• Moderate pointThird-quarter gross profit fell to $552,000 from $2.557 million a year earlier, despite returning positive sequentially.
• Moderate pointTreatment revenue fell to $11.601 million from $13.114 million in the prior-year quarter.
• Moderate pointTreatment gross loss of $225,000 replaced $2.266 million gross profit; margin fell to negative 1.9% from 17.3%.
• Moderate pointTreatment operating loss of $1.722 million replaced $672,000 operating income in the prior-year quarter.
• Moderate pointNine-month revenue declined to $41.959 million from $45.959 million a year earlier.

11 minor points

• Minor pointThird-quarter loss per share widened to $0.16 from $0.10 a year earlier.
• Minor pointHanford-related protocol changes delayed full processing until September, pushing revenue out of the quarter.
• Minor pointThermal system upgrades required temporary downtime during the quarter.
• Minor pointHanford procurement ceilings are shared among three contractors and represent no awards or commitments to Perma-Fix.
• Minor pointNine-month net loss widened to $17.149 million from $8.124 million a year earlier.
• Minor pointNine-month loss per share widened to $0.86 from $0.44 a year earlier.
• Minor pointNine-month operating loss widened to $17.656 million from $8.502 million a year earlier.
• Minor pointNine-month gross loss of $4.833 million replaced $4.761 million gross profit a year earlier.
• Minor pointNine-month Treatment revenue fell to $27.768 million from $33.696 million a year earlier.
• Minor pointNine-month Treatment gross loss of $5.711 million replaced $4.082 million gross profit a year earlier.
• Minor pointNine-month Treatment operating loss widened to $10.351 million from $740,000 a year earlier.

Key Figures

Treatment backlog: $19.6M Revenue: $17.9M Services Segment revenue: $6.3M +5 more

Treatment backlog

$19.6M

Up approximately 25% during Q3 2026

Revenue

$17.9M

Q3 2026; compared with $17.5M in Q3 2025

Services Segment revenue

$6.3M

Q3 2026; compared with $4.4M in Q3 2025

Services Segment gross margin

12.2%

Q3 2026; compared with 6.7% in Q3 2025

Treatment Segment gross margin

(1.9%)

Q3 2026; compared with 17.3% in Q3 2025

Net loss

$3.5M; ($0.16) per basic share

Q3 2026; compared with $1.8M and ($0.10) per basic share in Q3 2025

PNC Liquidity

$19.9M

At September 30, 2026; management said substantial doubt about going concern had not been alleviated

Shared Master IDIQ ceiling

Up to 50 million gallons; approximately $4.4 billion

Shared among three contract holders through 2041; not awarded or committed to Perma-Fix

Previous Earnings Reports

1 past event · Latest: Aug 12

Same Type 1 event

1. Aug 12

   2Q26 earnings

   24h Move

   -7.6%

   Liquid DFLAW receipts began; treatment backlog reached $15.7M, with no IDIQ volume committed.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

idiq, pfas, ebitda, gaap, +1 more

5 terms

idiq financial

"Master Indefinite Delivery/Indefinite Quantity (IDIQ) Subcontract"

An IDIQ (Indefinite Delivery/Indefinite Quantity) is a type of government procurement contract that sets terms and maximum limits for buying goods or services over a period without specifying exact delivery dates or quantities up front. For investors, an IDIQ signals a potential steady revenue stream and easier repeat business because it gives a company preferred access to future orders under agreed terms—think of it as a standing shopping account that can generate unpredictable but recurring sales.

pfas technical

"Our PFAS (Per- and polyfluoroalkyl) destruction business"

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 ($3.1) million"

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.

View in glossary

gaap financial

"EBITDA is not a measure of performance calculated in accordance with Generally Accepted Accounting Principles"

GAAP, or Generally Accepted Accounting Principles, are a set of standardized rules and guidelines that companies follow when preparing their financial statements. They ensure consistency, transparency, and comparability across different companies, making it easier for investors to understand and compare financial information accurately. This helps investors make informed decisions based on trustworthy and uniform financial reports.

View in glossary

going concern financial

"substantial doubt about our ability to continue as a going concern"

Going concern is the accounting assumption that a company will keep operating and meeting its obligations for the foreseeable future. The phrase matters most when a company or its auditors disclose substantial doubt about it, a formal warning that the business may not have enough resources to continue without raising money, restructuring, or selling assets. That language in a filing or press release signals elevated financial risk.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Treatment backlog of $19.6 million, up approximately 65% from year-end 2025

Perma-Fix Northwest now receiving both liquid effluent and dry waste from the Direct-Feed Low-Activity Waste (DFLAW) facility

Services Segment revenue up 46% year over year,
with gross margin improving to 12.2% from 6.7% and positive segment operating income

ATLANTA, Nov. 05, 2026 (GLOBE NEWSWIRE) -- Perma-Fix Environmental Services, Inc. (NASDAQ: PESI) (the “Company”) today announced financial results and provided a business update for the third quarter ended September 30, 2026.

Mark Duff, President and Chief Executive Officer of Perma-Fix, commented, “Our third quarter results reflect meaningful improvement over the first half of the year. Revenue increased 39% sequentially from second quarter of 2026, consolidated gross profit returned to positive territory and our net loss decreased from the second quarter. Results were held back by customer-directed changes in treatment protocols on a Hanford-related waste stream, which required performance testing and final approvals that were not provided until late August. Processing did not reach full operations until September, pushing revenue out of the quarter. We also took temporary downtime during the quarter to upgrade the thermal treatment systems at our Florida and Kingston facilities. Those upgrades were completed in September and are now supporting the large backlog of waste receipts we built over the summer. Treatment backlog grew approximately 25% during the quarter to $19.6 million, and the price increases we began implementing in August are also starting to be reflected in new backlog.

“At Hanford, Perma-Fix Northwest continues to receive liquid effluent from the U.S. Department of Energy’s (DOE) DFLAW facility and has begun receiving DFLAW dry waste, and we expect both to increase as DFLAW ramps up to higher production levels. DOE’s 2023 amended Record of Decision identified Perma-Fix Northwest to treat effluent waste from DFLAW operations, on an interim basis expected to last approximately 10 years. Beyond DFLAW, the Company is one of three contractors awarded a Master Indefinite Delivery/Indefinite Quantity (IDIQ) Subcontract by Hanford Tank Waste Operations & Closure, LLC (“H2C”), DOE’s prime contractor for tank waste operations and closure at the Hanford Site, for the treatment of certain Hanford waste streams. The Master IDIQ contemplates potential treatment of up to approximately 50 million gallons of waste through 2041, with an aggregate procurement ceiling of approximately $4.4 billion. These amounts represent overall procurement ceilings shared among the three IDIQ contract holders and do not represent amounts awarded or committed to the Company. The Company will compete for individual task orders issued under the Master IDIQ, and, while there can be no assurance as to the number, size or timing of task orders that may be awarded to the Company, we believe that our investments have positioned us to support increasing Hanford-related activity and to compete for task orders under DOE’s tank waste program. We are advancing facility upgrades to expand our grouting capacity to support that work. Among the three Master IDIQ Subcontract holders, we are the only one with a facility located adjacent to the Hanford Site, and waste treated under the subcontract would leave Perma-Fix Northwest as a stabilized, grouted solid shipped out of state by rail.

“Our Services Segment continued to grow, with revenue up 46% year over year, gross margin improving to 12.2% and the segment generating operating income. Our PFAS (Per- and polyfluoroalkyl) destruction business saw increased sales and receipts compared with the first half of the year. Our Gen 2.0 PFAS destruction unit is expected to begin commissioning in the fourth quarter of 2026, with operations anticipated to commence during the first half of 2027. The State of Florida enacted legislation this year phasing out PFAS-containing firefighting foam, subject to specified exceptions, which we expect to support continued demand for PFAS destruction. With a growing backlog, new pricing taking effect and DFLAW volumes increasing, we believe Perma-Fix is positioned for improved results in the coming year.”

Financial Results

Revenue for the third quarter of 2026 was approximately $17.9 million, compared to $17.5 million for the same period in 2025. The increase was attributable entirely to higher revenue within the Services Segment, which increased to approximately $6.3 million for the three months ended September 30, 2026, from approximately $4.4 million for the corresponding period of 2025, primarily due to increased project activity, including projects awarded since the beginning of 2026. Revenue within the Treatment Segment decreased to approximately $11.6 million for the three months ended September 30, 2026, from $13.1 million for the corresponding period of 2025. The decrease was primarily attributable to lower waste volumes processed, due in part to customer-directed changes in treatment protocols that delayed until September 2026 the processing of shipments of a certain Hanford-related waste stream received beginning in the second quarter of 2026 under the DOE Hanford program.

Gross profit for the third quarter of 2026 was $552,000 versus gross profit of $2.6 million for the third quarter of 2025. Services Segment gross profit increased by approximately $486,000, and gross margin improved to 12.2% from 6.7% in the prior-year period, primarily due to higher revenue and a more favorable mix of projects performed. Treatment Segment had a gross loss of $225,000 for the quarter ended September 30, 2026, as compared to a gross profit of approximately $2.3 million for the same period of 2025. The decline in gross profit of approximately $2.5 million and in gross margin to (1.9%) from 17.3% was primarily due to lower revenue resulting from reduced waste volumes and higher fixed operating costs, which were spread over a lower revenue base, further adversely impacting gross margin.

Loss from operations was approximately $3.7 million for the third quarter of 2026 versus loss from operations of $1.9 million for the third quarter of 2025. Net loss for the third quarter of 2026 was approximately $3.5 million or ($0.16) per basic share as compared to net loss of approximately $1.8 million or ($0.10) per basic share for the third quarter of 2025.

Our Quarterly Report on Form 10-Q for the period ended September 30, 2026 discloses that our recurring operating losses and negative operating cash flows continue to raise substantial doubt about our ability to continue as a going concern. Although our May 2026 public equity offering strengthened our liquidity position, continued operating losses since the offering and significant capital expenditures made during 2026 have reduced our liquidity. At September 30, 2026, we had approximately $19.9 million of PNC Liquidity, which consisted of approximately $5.5 million of borrowing availability under our revolving credit facility and approximately $14.3 million in cash held in our money market deposit account with our lender. In August 2026, we extended the maturity of our PNC credit facility from May 2027 to May 2030, among other amendments. We expect to fund our operations during the assessment period with our existing liquidity, anticipated operating cash flows, and borrowing availability. However, management concluded that substantial doubt has not been alleviated because the successful execution of our plans depends, in part, on the timing and volume of government-directed waste shipments and project activity, which remain subject to factors outside our control.

The Company reported EBITDA of ($3.1) million from continuing operations for the quarter ended September 30, 2026, as compared to EBITDA of ($1.5) million from continuing operations for the same period of 2025. 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 (“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 nine months ended September 30, 2026, and 2025.

	Three Months Ended										Nine Months Ended
	September 30,										September 30,
(In thousands)		2026					2025					2026					2025
Loss from continuing operations	$	(3,408	)			$	(1,762	)			$	(17,046	)			$	(7,844	)
Adjustments:
Depreciation & amortization		495					426					1,469					1,299
Interest income		(240	)				(266	)				(624	)				(901	)
Interest expense		80					116					213					351
Interest expense - financing fees		16					22					59					63
Income tax expense		—					—					—					—
EBITDA	$	(3,057	)			$	(1,464	)			$	(15,929	)			$	(7,032	)

The tables below present certain financial information for the business segments, which excludes allocation of corporate expenses.

		Three Months Ended								Nine Months Ended
		September 30, 2026								September 30, 2026
(In thousands)		Treatment				Services				Treatment				Services
Net revenues		$	11,601			$	6,347			$	27,768			$	14,191
Gross (loss) profit			(225	)			777				(5,711	)			878
(Loss) income from operations			(1,722	)			201				(10,351	)			(927	)

		Three Months Ended								Nine Months Ended
		September 30, 2025								September 30, 2025
(In thousands)		Treatment			Services					Treatment				Services
Net revenues		$	13,114		$	4,340				$	33,696			$	12,263
Gross profit			2,266			291					4,082				679
Income (loss) from operations			672			(457	)				(740	)			(1,650	)

Conference Call

Perma-Fix will host a conference call at 10:00 a.m. ET on Thursday, November 5, 2026. The call will be available on the Company’s website at https://ir.perma-fix.com/conference-calls, or by calling 888-506-0062 for U.S. callers or +1 973-528-0011 for international callers, and by entering access code: 253188. 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 Thursday, November 19, 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: 54752.

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, 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, demolition, 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: improved results in the coming year; realization of Treatment Segment backlog; the timing and effect of pricing changes; processing of the Hanford-related waste stream delayed by customer-directed changes in treatment protocols; continued and increasing receipts of DFLAW-related liquid effluent and dry waste streams; the treatment of secondary waste at Perma-Fix Northwest under DOE’s 2023 amended Record of Decision and the duration of that arrangement; DOE’s 200 West Area tank waste program and our ability to compete for task orders under the Master IDIQ Subcontract; facility upgrades to expand our grouting capacity; the issuance, number, size and timing of task orders under the Master IDIQ Subcontract, if any; continued growth of the Services Segment; growth in PFAS sales and receipts; the effect of state legislation phasing out PFAS-containing firefighting foam on demand for PFAS destruction; commissioning of the Gen 2.0 PFAS destruction unit; and ability to continue to operate as a going concern. 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; acceptance of our PFAS destruction technology by the public; the government or such other party to a contract granted to us fails to abide by or comply with the contract or to deliver waste as anticipated under the contract or terminates existing contracts; Congress fails to provide funding for the DOW’s and DOE’s remediation projects; inability to obtain new foreign and domestic remediation contracts; the failure of H2C or DOE to issue task orders to the Company under the Master IDIQ Subcontract, or to issue them in the quantities or on the timing anticipated; competition from the other holders of Master IDIQ Subcontracts under the same procurement; the fact that identification of our facility in DOE planning or public materials does not constitute a contract, an award, or a commitment of any waste volumes; inability to be awarded any portion of DOE’s East Side or West Side tank waste grouting programs; failure or delay in obtaining approval from the Washington State Department of Ecology to expand our grouting permit capacity; delays or increased costs in completing the facility upgrades required to achieve expanded capacity; the fact that DOE’s proposed permit modifications remain subject to regulatory approval; opposition from state or regional regulators, governmental bodies, tribes or other stakeholders to the grouting or offsite transport and disposal of Hanford tank waste; litigation or administrative challenges to DOE’s tank waste treatment approach; changes in DOE’s treatment strategy, priorities or plans, or in the volumes, timing, composition or pricing of waste actually shipped to our facilities; and the additional factors referred to under “Risk Factors” and “Special Note Regarding Forward-Looking Statements” of our 2025 Form 10-K and Form 10-Qs for quarters ended March 31, 2026, June 30, 2026 and September 30, 2026. 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 forward-looking statements.

FINANCIAL TABLES FOLLOW

Contacts:

David K. Waldman-US Investor Relations
Crescendo Communications, LLC
(212) 671-1020
Herbert Strauss-European Investor Relations
herbert@eu-ir.com
+43 316 296 316

PERMA-FIX ENVIRONMENTAL SERVICES, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
		Three Months Ended								Nine Months Ended
		September 30,								September 30,
(Amounts in Thousands, Except for Per Share Amounts)		2026				2025				2026				2025
Net revenues	$	17,948			$	17,454			$	41,959			$	45,959
Cost of goods sold		17,396				14,897				46,792				41,198
Gross profit (loss)		552				2,557				(4,833	)			4,761
Selling, general and administrative expenses		3,998				4,083				12,047				12,228
Research and development		225				342				781				1,037
(Gain) loss on disposal of property and equipment		(5	)			4				(5	)			(2	)
Loss from operations		(3,666	)			(1,872	)			(17,656	)			(8,502	)
Other income (expense):
Interest income		240				266				624				901
Interest expense		(80	)			(116	)			(213	)			(351	)
Interest expense-financing fees		(16	)			(22	)			(59	)			(63	)
Other		114				(18	)			258				171
Loss from continuing operations before taxes		(3,408	)			(1,762	)			(17,046	)			(7,844	)
Income tax expense		—				—				—				—
Loss from continuing operations, net of taxes		(3,408	)			(1,762	)			(17,046	)			(7,844	)
Loss from discontinued operations, net of taxes		(54	)			(73	)			(103	)			(280	)
Net loss	$	(3,462	)		$	(1,835	)		$	(17,149	)		$	(8,124	)
Net loss per common share - basic and diluted:
Continuing operations	$	(.16)			$	(.10)			$	(.86)			$	(.43)
Discontinued operations		—				—				(.01)				(.02)
Net loss per common share	$	(.16)			$	(.10)			$	(.86)			$	(.44)
Weighted average number of common shares used in computing
net loss per share:
Basic		21,218				18,472				19,877				18,448
Diluted		21,218				18,472				19,877				18,448

PERMA-FIX ENVIRONMENTAL SERVICES, INC. CONDENSED CONSOLIDATED BALANCE SHEET
		September 30,				December 31,
(Amounts in Thousands, Except for Share and Per Share Amounts)			2026				2025
ASSETS
Current assets:
Cash		$	14,743			$	11,768
Account receivable, net of allowance for credit losses of $55 and
$309, respectively			10,278				11,228
Unbilled receivables			11,898				8,781
Other current assets			6,881				4,534
Assets of discontinued operations included in current assets			105				60
Total current assets			43,905				36,371
Net property and equipment			30,336				24,600
Property and equipment of discontinued operations			146				146
Operating lease right-of-use assets			1,183				1,445
Intangibles and other assets			26,871				25,472
Total assets		$	102,441			$	88,034
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities		$	31,227			$	22,298
Current liabilities related to discontinued operations			1,284				270
Total current liabilities			32,511				22,568
Long-term liabilities			12,233				11,729
Long-term liabilities related to discontinued operations			2,472				3,598
Total liabilities			47,216				37,895
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,
21,226,930 and 18,525,823 shares issued, respectively;
21,219,288 and 18,518,181 shares outstanding, respectively			21				18
Additional paid-in capital			183,320				161,057
Accumulated deficit			(127,863	)			(110,714	)
Accumulated other comprehensive loss			(165	)			(134	)
Less Common Stock held in treasury, at cost: 7,642 shares			(88	)			(88	)
Total stockholders' equity			55,225				50,139
Total liabilities and stockholders' equity		$	102,441			$	88,034

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Perma-Fix PESI's third-quarter 2026 revenue and earnings?

Perma-Fix reported $17.948 million in revenue and a $3.462 million net loss, or $0.16 per basic and diluted share. Revenue was $17.454 million and net loss was $1.835 million, or $0.10 per share, in the prior-year quarter.

Does Perma-Fix's Hanford subcontract guarantee $4.4 billion of business?

No amounts are awarded or committed to Perma-Fix under the overall procurement ceiling. The Master Indefinite Delivery/Indefinite Quantity subcontract covers potential treatment of up to approximately 50 million gallons through 2041, with an aggregate ceiling of approximately $4.4 billion shared among three holders. Perma-Fix must compete for individual task orders.

What makes up Perma-Fix's PNC Liquidity at September 30, 2026?

Approximately $19.9 million of PNC Liquidity consisted of approximately $5.5 million of revolving-credit borrowing availability and approximately $14.3 million in a money market deposit account with its lender. The company expects to fund operations using existing liquidity, anticipated operating cash flows and borrowing availability, but substantial doubt about its ability to continue as a going concern has not been alleviated.

How long is Perma-Fix Northwest expected to treat DFLAW effluent waste?

The Department of Energy's 2023 amended Record of Decision identified Perma-Fix Northwest for interim DFLAW effluent treatment expected to last approximately 10 years. The company expects liquid effluent and dry waste receipts to increase as the Direct-Feed Low-Activity Waste facility reaches higher production levels.