Every 10-Q that Perma-Fix Environmental Services, Inc. (PESI) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow PESI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PESI filings page.
Perma-Fix Environmental Services, Inc. reported weaker results for the three and six months ended June 30, 2026. Net revenues were $12.9 million for the quarter and $24.0 million year-to-date, down from $14.6 million and $28.5 million in the prior-year periods, with Treatment Segment revenues declining notably.
The company generated a quarterly gross loss of $2.5 million and a six‑month gross loss of $5.4 million, leading to a Q2 net loss of $6.2 million and a six‑month net loss of $13.7 million. Cash used in operating activities from continuing operations was $8.8 million for the first half, and the accumulated deficit reached $124.4 million. Management states that substantial doubt continues to exist about the company’s ability to continue as a going concern for one year after issuance, due to recurring losses and reliance on uncertain government-directed work.
Liquidity was bolstered by a May 2026 equity offering of 2,628,571 shares, providing approximately $21.1 million in net proceeds, and by extending the PNC credit facility maturity to 2030 after quarter-end. As of June 30, 2026, cash was $20.5 million, restricted cash in the finite risk sinking fund was $13.5 million, total debt was $2.0 million, and there were no outstanding revolver borrowings, with reported PNC Liquidity of $25.6 million. Subsequent to quarter-end, Perma-Fix was awarded a Master IDIQ Subcontract related to DOE’s Hanford Site, with work to be ordered, if at all, under future task orders within a multi-award ceiling framework.
Perma-Fix Environmental Services, Inc. reports a weak first quarter of 2026, with revenue falling to $11.1 million from $13.9 million a year earlier as both Treatment and Services segment activity declined.
The company posted a net loss of $7.5 million versus a $3.6 million loss in 2025, driven by lower volumes, unfavorable waste mix and higher fixed costs, including investments in PFAS destruction technology and capacity expansions ahead of expected DOE DFLAW-related work. Cash declined to $6.7 million, and management disclosed that recurring losses and negative operating cash flows raise substantial doubt about its ability to continue as a going concern without additional liquidity.
Perma-Fix is banking on increased Hanford and PFAS-related waste volumes, an expanded PFNWR permit that roughly triples permitted liquid mixed-waste capacity, and a new two-year master task agreement believed to be worth about $24 million with Lawrence Livermore National Laboratory, while monitoring regulatory and funding risks.
Perma-Fix Environmental Services (PESI) filed its Q3 2025 10-Q, reporting modest revenue growth and a narrower loss. Net revenues were $17.454 million, up from $16.812 million a year ago, with stronger Treatment sales ($13.114 million vs. $9.064 million) offset by lower Services ($4.340 million vs. $7.748 million). Gross profit improved to $2.557 million from $1.334 million.
The company reduced its operating loss to $1.872 million from $2.601 million, and net loss to $1.835 million from $8.979 million. For the nine months, revenue reached $45.959 million (vs. $44.415 million), operating loss narrowed to $8.502 million (vs. $12.096 million), and net loss was $8.124 million (vs. $16.490 million).
Cash was $16.412 million and the finite risk sinking fund (restricted cash) was $13.084 million. Year-to-date operating cash use was $8.629 million. The company had no revolver borrowings outstanding and reported long-term debt (including current portion) of $1.888 million. Liquidity was approximately $23.844 million as of September 30, 2025. Unbilled receivables rose to $8.396 million, and deferred revenue was $7.112 million. Common shares outstanding were 18,517,662 as of November 3, 2025.