Short answer
ENVIRI Corp (NVRI) filed its fiscal 2025 10-K annual report with the SEC on Feb 24, 2026. It reported revenue of $2.2B (−4.4% year over year) and net income of −$168M.
- Top risk flagged: Key-person risk in IT security with VP Giles Tipler overseeing cybersecurity, reporting quarterly to Audit Committee
FY2025 key financial metrics · XBRL
- Revenue
- $2.2B
- −4.4% YoY
- Net income
- −$168M
- −31.0% YoY
- Operating margin
- 0.2%
- −1.2 pp YoY
- EPS (diluted)
- −$2.08
- −30.0% YoY
- ROE
- -65.7%
- −34.6 pp YoY
- Operating cash flow
- $101M
- +29.9% YoY
Source: XBRL data from the ENVIRI Corp (NVRI) FY2025 10-K on SEC EDGAR. USD.
ENVIRI Corp FY2025 10-K analysis
AI summary of each section, grounded in the filing text
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
Generated from the filing text; verify against the original. How to read a 10-K
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