Radioactive waste firm Perma-Fix Q3 revenue up on higher waste volumes

Perma-Fix Environmental Services

10/11/2025 12:21

Corrects Key Details table to show gross margin was for the Treatment segment, not the whole company

Overview

Perma-Fix Q3 revenue rose 45% yr/yr in Treatment Segment, driven by higher waste volumes

Treatment Segment's gross margin improved to 17.3% from 4.5% in prior year

Net loss for Q3 was $1.8 mln, improved from $9.0 mln loss last year

Outlook

Perma-Fix expects continued improvement through 2026 with increased waste volumes

Company anticipates initial waste receipts from DFLAW in late Q4 2025 or early 2026

Second-generation PFAS unit set for commissioning in Q1 2026

Result Drivers

TREATMENT SEGMENT GROWTH - Revenue increased due to higher waste volumes and international shipments, leading to improved gross margins

HANFORD FACILITY - DOE's DFLAW facility began hot commissioning, expected to increase waste receipts later in Q4 or early 2026

PFAS TECHNOLOGY ADVANCEMENT - PFAS destruction technology progressing, with second-generation unit to triple capacity by Q1 2026

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 
Treatment Segment Gross Margin
17.30%
Q3 EBITDA
-$1.50 mln
Q3 Gross Profit
$2.60 mln


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the environmental services & equipment peer group is "buy"

Wall Street's median 12-month price target for Perma-Fix Environmental Services Inc is $18.00, about 28.5% above its November 7 closing price of $12.87

The stock recently traded at 69 times the next 12-month earnings vs. a P/E of 52 three months ago

Press Release: ID:nGNX74yp3q

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 (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)