Perma-Fix Reports Revenue Growth Amid Challenges

Perma-fix Environmental Services ( (PESI) ) has released its Q2 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 nuclear and mixed waste management, serving federal agencies, commercial nuclear industries, and other institutions across the United States.

In its latest earnings report for the second quarter of 2025, Perma-Fix announced both sequential and year-over-year revenue growth, particularly highlighting a 37% increase in its Treatment Segment revenue compared to the same period last year. The company also noted improvements in gross margin, despite facing early technical challenges in the quarter.

Key financial metrics revealed that Perma-Fix achieved a revenue of approximately $14.6 million in Q2 2025, up from $14.0 million in Q2 2024. The Treatment Segment was the primary driver of this growth, with revenue rising to $11.4 million. However, the Services Segment saw a decline in revenue due to project delays. The company reported a net loss of $2.7 million, an improvement from the $4.0 million loss in the previous year, and a reduction in operating loss from $5.0 million to $2.9 million.

Looking ahead, Perma-Fix remains optimistic about its growth prospects, citing a strong backlog supported by increased waste receipts and strategic contract wins, such as the Navy’s RADMAC III IDIQ contract. The company is also advancing its PFAS destruction platform and expects continued improvements in production capabilities, positioning it for better results in the latter half of 2025 and beyond.