ENVIRI Corp (NVRI) FY2025 10-K Annual Report
ENVIRI Corp (NVRI) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 24, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
ENVIRI Corp FY2025 10-K Analysis
Business Overview
- • Core business model: global provider of environmental solutions for industrial waste and innovative rail equipment and services across three segments—Harsco Environmental, Clean Earth, Harsco Rail
- • New strategic shift: definitive agreement in Nov 2025 to sell Clean Earth segment for over $3 billion, creating a standalone public company, New Enviri, holding Harsco Environmental and Rail segments
- • Harsco Environmental future revenues from long-term contracts totaled $3.0 billion as of Dec 31, 2025, with 23% expected in 2026 and remainder through 2032
- • Rail segment backlog of $208.7 million as of Dec 31, 2025, with 70% expected to be fulfilled in 2026, supporting stable near-term demand
- • Unusual fact: Clean Earth’s 700+ permits portfolio valued as critically important regulated assets, enhancing competitive position pre-sale to Veolia
Management Discussion & Analysis
- • Operating cash flow $101.4M in 2025, up $23.3M from $78.1M in 2024
- • Investing cash flow used $149.9M in 2025 vs $34.1M used in 2024
- • Financing cash flow provided $80.3M in 2025 vs $63.4M used in 2024
- • Net cash increase $35.2M in 2025 vs decrease $34.5M in 2024
- • Management expects sufficient liquidity, ongoing Senior Secured Credit Facilities availability, and cash flow from operations plus borrowings to meet debt maturities and capital needs
Risk Factors
- • Key-person risk in IT security with VP Giles Tipler overseeing cybersecurity, reporting quarterly to Audit Committee
- • Cybersecurity risk management overseen by Audit Committee, including risks from third-party service providers
- • No specific regulatory, geopolitical, supply chain, competitive, or financial risks detailed in text
ENVIRI Corp FY2025 Key Financial MetricsXBRL
Revenue
$2.2B
▼ -4.4% YoY
Net Income
-$168M
▼ -31.0% YoY
Operating Margin
0.2%
▼ -117bp YoY
Net Margin
-7.5%
▼ -202bp YoY
ROE
-65.7%
▼ -3461bp YoY
Total Assets
$2.7B
▲ +2.2% YoY
EPS (Diluted)
$-2.08
▼ -30.0% YoY
Operating Cash Flow
$101M
▲ +29.9% YoY
Source: XBRL data from ENVIRI Corp FY2025 10-K filing on SEC EDGAR. All figures in USD.
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