Perma-Fix Reports Q4 Net Loss of $5.7M and Secures Permit to Triple Processing Capacity
Perma-Fix’s Q4 net loss widened to $5.7M from $3.5M year-over-year as cash fell from $29M to $11.8M and Services segment revenue declined due to project timing delays. Company forecasts Q1 2026 EBITDA loss exceeding $4M and expects PFAS system to triple capacity with permit renewal boosting processing to 175,000 tons.
1. Q4 2025 Performance
Perma-Fix posted a Q4 net loss of $5.7M versus $3.5M in the prior year and saw cash reserves decline from $29M to $11.8M. Services segment revenue decreased due to delayed waste receipts and project mobilizations, creating near-term quarterly variability.
2. Q1 2026 Guidance
Management forecasts an EBITDA loss exceeding $4M on roughly $13M in Q1 revenue, attributing softness to project start delays and procurement cycle shifts. Leadership cites a robust backlog of Services contracts to drive a return to profitability later in the year.
3. PFAS Technology Upgrade
A new PFAS destruction system is slated for late April or early May testing, ramping capacity from 650 to 3,000 gallons per day. This tripling of throughput is designed to undercut incineration costs and meet growing demand for PFAS remediation.
4. Hanford Backlog and Project Pipeline
Renewal of the Perma-Fix Northwest permit triples liquid processing capacity to 175,000 tons annually. Key opportunities include a $1.5M-per-month Hanford surface water waste contract and a potential $4B tank grouting project in the 200 West area.