Short answer
PERMA FIX ENVIRONMENTAL SERVICES INC (PESI) filed its Q1 2026 10-Q quarterly report on May 7, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $11M (down 20.1% year over year) with net income of −$7M.
Q1 2026 key financials · XBRL
- Revenue
- $11M
- −20.1% YoY
- Net income
- −$7M
- −109.5% YoY
- Operating margin
- -67.3%
- EPS (diluted)
- −$0.40
- −110.5% YoY
Source: XBRL data from the PERMA FIX ENVIRONMENTAL SERVICES INC (PESI) Q1 2026 10-Q on SEC EDGAR. USD.
PERMA FIX ENVIRONMENTAL SERVICES INC Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $11.126M, down 20.1% YoY from $13.919M, reflecting lower Treatment and Services activity
- Gross margin (25.9%) vs 4.7% YoY; operating margin (67.3%) vs (26.8%)
- Best product line: Other nuclear waste revenue $1.764M, up 60.1%; worst: Nuclear services $2.061M, down 38.9%
- Liquidity $10.720M vs $18.126M; operating cash use $3.648M vs $2.048M YoY
- Outlook: potential second-quarter DFLAW receipts; $24M Lawrence Livermore agreement; substantial doubt about going concern
Risk Factors
- New risk trigger: recurring losses and negative operating cash flows created substantial doubt about going concern
- Liquidity decline: $18,126,000 at December 31, 2025 to $10,720,000 at March 31, 2026
- Financing risk: federal budget constraints and financial-covenant compliance could restrict operating funding
- Operational risk: PFAS technology investments and infrastructure expansion accelerated liquidity consumption
- Executive retention risk: May 1 agreements require up to two years’ salary plus incentive payments after qualifying termination
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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