Perma-Fix Environmental Services (PESI)
NASDAQ:PESI
Earnings Data
Report Date
May 07, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.24Last Year’s EPS
-0.19Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a cautiously optimistic outlook driven by meaningful operational progress: stronger Treatment performance, a materially larger backlog (~+51%), a surge in international revenue (+163%), permit renewals expanding capacity, and an advancing PFAS offering that could scale materially. Management expects a Q2 inflection as multiple Hanford-related waste streams (DFLAW blowdown, brine/runoff, expanded TRU processing) and new Services projects ramp. Offsetting these positives are near-term headwinds including a significant cash decline, expected Q1 negative EBITDA (> $4M), a sizable Services revenue decline in 2025, supply chain delays for PFAS Gen 2, and execution/timing uncertainty tied to DOE and regulatory approvals. On balance, the strategic growth drivers, backlog expansion and operational investments appear to outweigh the near-term financial and execution risks, but the company remains dependent on government program execution and regulatory timing.Company Guidance
Full-Year and Quarterly Revenue Growth
Full-year 2025 revenue of $61.7M, up $2.6M or +4.3% versus $59.1M in 2024. Q4 revenue of $15.7M, up $1.0M or +6.9% year-over-year.
Treatment Segment Strength
Treatment revenue increased meaningfully (management cited ~+29% year-over-year) driven by higher volumes, improved throughput and stronger waste mix. Treatment revenue year-over-year rose by ~$10.1M according to CFO commentary.
Backlog Expansion
Waste treatment backlog increased to $11.9M at year-end from $7.9M a year earlier, an increase of ~51%, improving near-term revenue visibility.
International Revenue Surge
Revenue from foreign entities grew ~163% year-over-year to approximately $6.4M, reflecting expanding global demand and a growing pipeline of international projects.
Operational and Regulatory Milestones at Perma-Fix Northwest
Renewal of the Perma-Fix Northwest permit expands permitted liquid processing capacity to ~1.2M gallons annually (tripling prior liquid capacity) and authorizes up to 175,000 tons/year macro-encapsulation. Management is pursuing a permit modification to expand total liquid capacity toward ~4.2M gallons, with a ~6-9 month approval timeline.
Hanford/DFLAW and Large Addressable Opportunity
Management expects DFLAW-related receipts to begin (dry waste expected April, liquid blowdown in May) and highlights DOE estimates that liquid waste streams may grow up to ~20% due to process changes. Initial internal revenue expectations from DFLAW were stated at ~$1M–$2M per month beginning in Q2, with broader long-term grouting programs discussed (DOE reference up to 200M gallons to be treated by 2040 and an RFP tied to retrieval/grouting of up to 50M gallons starting in 2028).
PFAS Technology Commercial Advancement
PFAS Perma-FAS capability advancing: Gen 1 operating (~650 gallons/day, ~4 days/week) and Gen 2 system under installation expected to increase capacity up to ~3,000 gallons/day (management estimates 3x increase). Gen 2 CapEx reported in the ~$4M–$5M range. Management cites target pricing of $10–$15/gal for large volumes and incremental margins targeted around 60%–70%.
Profitability and Margin Improvements (Trailing Indicators)
Full-year improvements: gross profit increased materially (management/CFO noted full-year gross profit up by ~$6M), and EBITDA from continuing operations improved to a loss of $9.7M in 2025 from a loss of $13.8M in 2024. Net loss for the full year improved to $13.8M from $20.0M in 2024, and loss per share improved to $0.75 from $1.33.
New Wins and Pipeline
Services-related commercial progress: management reported over $30M in new Services backlog won and over $40M of new bids submitted during Q1, and several new projects mobilized recently, supporting an expected Q2 inflection.
TRU Processing and Other Near-Term Revenue Drivers
Transuranic (TRU) waste processing at Northwest increased shifts (management cited a 100% increase) adding an estimated ~$0.75M–$1.0M per month. Management also cited a runoff/brine program from Hanford planned to start April 1 expected to generate ~$1.5M/month and sustainable receipts that support the Q2 ramp.
PESI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
PESI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 24, 2026 | $12.05 | $10.80 | -10.37% |
Nov 10, 2025 | $12.87 | $14.96 | +16.24% |
Aug 07, 2025 | $11.13 | $11.23 | +0.90% |
May 08, 2025 | $8.85 | $9.50 | +7.34% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Perma-Fix Environmental Services (PESI) report earnings?
Perma-Fix Environmental Services (PESI) is schdueled to report earning on May 07, 2026, TBA (Confirmed).
What is Perma-Fix Environmental Services (PESI) earnings time?
Perma-Fix Environmental Services (PESI) earnings time is at May 07, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PESI EPS forecast?
PESI EPS forecast for the fiscal quarter 2026 (Q1) is -0.24.