Perma-Fix Environmental Services Reports Q1 2025 Earnings

Perma-fix Environmental Services ( (PESI) ) has released its Q1 earnings. Here is a breakdown of the information Perma-fix Environmental Services presented to its investors.

Perma-Fix Environmental Services, Inc. is a nuclear services company specializing in the management and treatment of radioactive and mixed waste for various sectors, including federal agencies and the commercial nuclear industry. The company operates four nuclear waste treatment facilities and provides a range of nuclear services nationwide.

In its first-quarter 2025 earnings report, Perma-Fix Environmental Services highlighted a modest increase in revenue compared to the previous year, despite facing transitional headwinds such as procurement delays. The company reported improvements in gross margins and a significant increase in backlog, driven by enhanced waste receipts and strategic investments.

Key financial metrics for the first quarter of 2025 include a revenue increase to $13.9 million, up from $13.6 million in the same period of 2024. The Treatment Segment saw a revenue rise to $9.2 million, while the Services Segment experienced a slight decline. Gross profit improved to $657,000 from a loss of $620,000 in the previous year, with operating losses reduced to $3.7 million from $4.5 million. The company’s EBITDA also showed improvement, narrowing to a loss of $3.3 million from $4.0 million.

Strategically, Perma-Fix is advancing its PFAS program, having received its first commercial shipments from the Federal Government and completed system upgrades that enhance cost efficiency. The company is also optimistic about its role in the U.S. Department of Energy’s DFLAW facility, expecting it to be a long-term revenue catalyst.

Looking ahead, Perma-Fix management remains optimistic about stronger financial performance in the second half of 2025, supported by a growing backlog, improved operational discipline, and increased project visibility across various markets.