Perma FIX Environmental Services (PESI) Q3 FY2026 earnings: revenue $18 million, up 2.8% on the year

Perma FIX Environmental Services Inc. (PESI) reported revenue of $18 million for Q3 FY2026, the quarter ended 30 September 2026, up 2.8% on the same quarter a year earlier. Net income was -$3 million, and diluted earnings per share $-0.16. The figures are the company's own, from the 10-Q it filed with the SEC on 5 November 2026.

Revenue

$18 million

+2.8% on the year · +39.3% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

-20.4%

-10.7% a year earlier

Q4 FY2024Q3 FY2026

Net income

-$3 million

Q4 FY2024Q3 FY2026

Diluted EPS

-$0.16

Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Revenue up 39% on second quarter: Revenue was about $17.9 million, compared with $17.5 million a year earlier. The company reported a 39% sequential increase from the second quarter of 2026.
Net loss rose from a year earlier: Net loss was about $3.5 million, or $(0.16) per basic share, against about $1.8 million, or $(0.10) per basic share, in the third quarter of 2025.
Services revenue up 46%: Services revenue rose to about $6.3 million from $4.4 million, mainly from project activity including projects awarded since the start of 2026. Services operating income was $201,000.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	17.9	12.9	17.5	+39.3%	+2.8%
Cost of revenue	17.4	15.4	14.9	+13.0%	+16.8%
Gross profit	0.6	-2.5	2.6		-78.4%
Gross margin	3.1%	-19.4%	14.6%
Research and development	0.2	0.3	0.3	-11.1%	-34.2%
Selling, general and administrative	4.0	3.8	4.1	+6.6%	-2.1%
Operating income	-3.7	-6.5	-1.9
Operating margin	-20.4%	-50.5%	-10.7%
Interest expense	0.1	0.1	0.1	+9.6%	-31.0%
Pre-tax income	-3.4	-6.3	-1.8
Net income	-3.5	-6.2	-1.8
Net margin	-19.3%	-48.1%	-10.5%
Diluted EPS	-$0.16	-$0.32	-$0.10

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	-2.0	-5.2	-4.6
Capital expenditure	2.5	1.8	1.2	+38.2%	+113.4%
Free cash flow	-4.6	-7.0	-5.8
Free cash flow margin	-25.4%	-54.3%	-33.3%
Cash from investing	-3.1	-2.0	-1.2
Cash from financing	-0.5	21.2	-0.2
Depreciation and amortisation	0.5	0.5	0.4	+2.3%	+16.2%
Share-based compensation	0.2	0.2	0.2	+28.0%	+8.4%
Diluted shares, weighted	21m	20m	18m	+6.9%	+14.9%
Shares outstanding at period end	21m	21m	18m	+0.1%	+14.8%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Shareholders' equity	55.2	58.3	55.4	-5.3%	-0.2%
Debt	1.8	2.0	1.9	-8.7%	-4.2%
Operating lease liabilities	0.8	0.9	1.1	-11.5%	-30.9%
Finance lease liabilities	1.2	1.4	0.5	-8.7%	+156.3%
Other liabilities	43.4	39.3	32.3	+10.4%	+34.4%
Total liabilities and equity	102	102	91.2	+0.6%	+12.4%
Fixed assets	30.3	28.7	22.6	+5.9%	+34.0%
Intangible assets	0.7	0.6	n/a	+27.9%
Cash and equivalents	14.7	20.5	16.4	-28.1%	-10.2%
Receivables	10.3	10.0	11.9	+2.4%	-13.5%
Inventory	2.9	2.5	1.1	+14.1%	+156.7%
Other assets	43.5	39.6	39.1	+9.9%	+11.3%
Total assets	102	102	91.2	+0.6%	+12.4%

Questions

What was Perma FIX Environmental Services' revenue in Q3 FY2026?

Perma FIX Environmental Services (PESI) reported revenue of $18 million for Q3 FY2026, the quarter ended 30 September 2026, up 2.8% on the same quarter a year earlier.

How much did Perma FIX Environmental Services earn in Q3 FY2026?

Net loss for Q3 FY2026 was $3 million, and the diluted loss per share $0.16.

When did Perma FIX Environmental Services report Q3 FY2026 results?

Perma FIX Environmental Services filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 5 November 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024 †	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	17.1	15.9	19.5	18.5	16.8	20.1	25.0	21.9	22.7	13.6	14.0	16.8	14.7	13.9	14.6	17.5	15.7	11.1	12.9	17.9
Cost of revenue	15.8	14.3	16.6	15.4	14.7	17.1	20.5	17.3	18.4	14.2	15.3	15.5	14.1	13.3	13.0	14.9	14.5	14.0	15.4	17.4
Gross profit	1.3	1.6	2.9	3.1	2.0	3.0	4.5	4.5	4.3	-0.6	-1.3	1.3	0.6	0.7	1.5	2.6	1.2	-2.9	-2.5	0.6
Gross margin	7%	10%	15%	17%	12%	15%	18%	21%	19%	-5%	-9%	8%	4%	5%	11%	15%	8%	-26%	-19%	3%
R&D	0.2	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.2	0.3	0.3	0.3	0.3	0.4	0.3	0.3	0.3	0.3	0.3	0.2
SG&A	3.3	3.4	3.7	3.9	3.6	3.5	3.6	3.9	4.0	3.5	3.5	3.6	3.9	4.0	4.1	4.1	4.2	4.3	3.8	4.0
Operating income	-2.2	-1.9	-0.9	-0.9	-1.7	-0.6	0.8	0.5	-0.0	-4.5	-5.0	-2.6	-3.6	-3.7	-2.9	-1.9	-3.2	-7.5	-6.5	-3.7
Operating margin	-13%	-12%	-5%	-5%	-10%	-3%	3%	2%	-0%	-33%	-36%	-15%	-24%	-27%	-20%	-11%	-21%	-67%	-51%	-20%
Interest expense	0.0	0.0	0.0	0.0	0.1	0.1	0.0	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1	0.1
Pre-tax income	-3.4	-1.9	-0.9	1.0	-1.8	-0.5	1.0	0.5	0.0	-4.4	-4.9	-2.4	-3.4	-3.5	-2.6	-1.8	-2.8	-7.4	-6.3	-3.4
Tax rate	n/a	n/a	n/a	18%	n/a	n/a	45%	51%	-7750%	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net income	-2.5	-1.3	-1.4	0.7	-1.7	-0.4	0.5	0.3	0.1	-3.6	-4.0	-9.0	-3.5	-3.6	-2.7	-1.8	-5.7	-7.5	-6.2	-3.5
Net margin	-14%	-8%	-7%	4%	-10%	-2%	2%	2%	0%	-26%	-28%	-53%	-24%	-26%	-19%	-11%	-36%	-67%	-48%	-19%
Diluted EPS	-$0.19	-$0.10	-$0.11	$0.05	-$0.13	-$0.03	$0.03	$0.02	$0.02	-$0.26	-$0.27	-$0.57	-$0.23	-$0.19	-$0.15	-$0.10	-$0.31	-$0.40	-$0.32	-$0.16
Operating cash flow	-2.5	0.0	-3.1	2.2	0.3	1.6	2.9	-4.5	6.2	-4.5	-1.7	-5.1	n/a	-2.1	-1.9	-4.6	-2.1	-3.8	-5.2	-2.0
Capital expenditure	0.4	0.3	0.4	0.2	0.1	0.7	0.3	0.3	0.3	0.2	0.6	1.4	1.2	0.5	0.9	1.2	2.1	0.9	1.8	2.5
Free cash flow	-3.0	-0.3	-3.5	2.0	0.3	0.8	2.6	-4.8	5.8	-4.8	-2.3	-6.5	n/a	-2.6	-2.8	-5.8	-4.2	-4.6	-7.0	-4.6
Shares outstanding	13m	13m	13m	13m	13m	13m	14m	14m	14m	14m	16m	16m	18m	18m	18m	18m	19m	19m	21m	21m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 5 November 2026: the filing.