Perma-Fix Q4 Results Miss Expectations, Stock Price Drops Nearly 8%

Atlanta - Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) reported its fourth-quarter earnings on Tuesday, which fell short of analyst expectations.

The company’s stock dropped 8.7% in pre-market trading.

This nuclear waste management company’s fourth-quarter loss was $0.31 per share, compared to the analyst consensus of a $0.09 profit per share. Revenue was $15.7 million, below the expected $18.1 million but up 6.9% from $14.7 million in the same period last year.

The treatment segment drove revenue growth, increasing 29.0% to $11.4 million from $8.8 million, mainly due to higher waste processing volume; while the services segment declined 26.4% to $4.3 million from $5.9 million, primarily due to reduced project work and the impact of the U.S. federal government shutdown in October 2025.

Total revenue for fiscal year 2025 was $61.7 million, up from $59.1 million in 2024. The company reported a net loss of $13.8 million, or $0.75 per share, compared to a net loss of $20 million, or $1.33 per share, in 2024.

The 2025 net loss includes a $2.7 million increase in environmental remediation reserves for the company’s subsidiary, Perma-Fix of South Georgia.

President and CEO Mark Duff stated, “During 2025, we focused on strengthening Perma-Fix’s operational foundation and preparing for the next phase of growth related to the Department of Energy’s Hanford cleanup project.”

The company achieved a significant milestone with the renewal of its Perma-Fix Northwest facility license, expanding permitted processing capacity to approximately 1.2 million gallons of liquid mixed waste annually. Year-end backlog orders increased approximately 51% year-over-year to $11.9 million, while international revenue grew about 163% year-over-year to $6.4 million.

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