Perma-Fix Environmental Services 2025 Q3 Earnings 79.6% Reduction in Net Loss

Perma-Fix Environmental Services (PESI) reported fiscal 2025 Q3 earnings on November 11, 2025, with revenue rising 3.8% year-over-year and a 79.6% reduction in net loss. The results exceeded analyst expectations, driven by strong performance in the Treatment segment and improved operational efficiency. Management signaled optimism about future growth, citing strategic investments in hazardous waste treatment capacity and expanding PFAS destruction capabilities.

Revenue

The company’s total revenue increased to $17.45 million in Q3 2025, reflecting a 3.8% year-over-year rise. The Treatment segment led growth, contributing $13.11 million in revenue—a 45% year-over-year increase—due to higher waste volumes and improved throughput. International shipments, particularly from Canada and Germany, further bolstered this segment’s performance. Meanwhile, the Services segment declined to $4.34 million, impacted by delays in government project mobilizations. Corporate revenue remained flat at $0, and consolidated total revenue reached $17.45 million.

Earnings/Net Income

Perma-Fix narrowed its net loss to $1.83 million in Q3 2025, a 79.6% improvement from the $8.98 million loss in the prior-year period. Earnings per share (EPS) improved to -$0.10 from -$0.57, representing an 82.5% reduction in losses. This progress underscores the company’s focus on operational efficiency and high-margin contracts.

Post-Earnings Price Action Review

Shares of Perma-Fix surged 46.07% month-to-date and 18.81% in the latest trading week, reflecting investor confidence in the company’s improved financials. The stock closed at $15.55, up 3.9% from the prior close, despite broader market volatility. Analysts noted that while the results were positive, the stock’s historical volatility—32 moves exceeding 5% in the past year—suggests caution. The recent rally follows a 26.5% drop in August 2025 amid economic uncertainty, highlighting the stock’s sensitivity to macroeconomic trends.

CEO Commentary

CEO John R. Barrett acknowledged operational challenges, including delayed project completions and higher regulatory costs, but emphasized strategic investments in treatment capacity. He stated, “Our focus on high-margin contracts and operational efficiency will drive sustainable growth in 2026,” reflecting cautious optimism about long-term positioning.

Additional News

Recent developments include Perma-Fix’s designation as the primary commercial treatment pathway for Hanford’s secondary waste streams, with anticipated revenue of $1M–$2M monthly starting in early 2026. The company also advanced its PFAS destruction system, achieving cost advantages over incineration. Additionally, management highlighted the impact of government shutdowns on project timelines but expressed confidence in resuming shipments post-shutdown.