From The Motley Fool · Motley Fool Transcribing · · 2m
Perma-Fix Q3 2026 Earnings Report
Perma-Fix reports 3% revenue growth and $3.5M net loss as Hanford waste projects ramp up.
In brief
Perma-Fix reports 3% revenue growth and $3.5M net loss as Hanford waste projects ramp up. Perma-Fix Environmental Services reported $17.9M revenue, 3% YoY growth, and $3.5M net loss in Q3 2026 with expanding Hanford waste processing capacity. Originally reported by The Motley Fool.
Q3 2026 Results
Perma-Fix reported $17.9 million revenue, a 3% year over year increase, and a $3.5 million net loss.
Treatment Segment
Treatment backlog grew to $19.6 million, up 65% from end of 2025, with lower processing volumes and customer-directed delays.
Services Segment
Services revenue grew 46% year over year to $6.3 million with improved gross margins to 12.2% and $200,000 operating income.
Hanford Waste Processing
Perma-Fix Northwest receives DFLAW effluent, with monthly volumes projected to double from 8,000 to 16,000 gallons by October 2026.
DFLAW Production
DFLAW production targets 20% capacity by end of 2026, with projections to reach 1 million gallons in 2027 and 2 million gallons in 2028.
Grouting Capacity
Perma-Fix aims to increase grouting capacity to 10 million gallons per year by 2027 to support Hanford waste missions.
PFAS Destruction
Gen 2.0 PFAS destruction system begins commissioning in Q3 2026, expected to be fully operational by first half of 2027.
East Area Grouting
East area tank waste grouting delayed by state regulator requests, potentially delaying initial receipts by several months.
AMPS System
Advanced Modular Pretreatment System scheduled for online operation in early 2028, projected to save taxpayers $12 billion by accelerating Hanford cleanup.
Master IDIQ Contract
Master IDIQ ceiling of $4.4 billion covers treatment and disposal of pre-liquid mixed waste through December 31, 2041.
Liquidity Position
PNC liquidity stands at $19.9 million, comprising $14.3 million in cash deposits and $5.5 million in borrowing availability.
Equity Offering
Company received $21.1 million net proceeds from May 2026 public offering.
Capital Expenditures
Capital expenditures totaled $5.7 million for first nine months of 2026, focused on treatment infrastructure and PFAS growth initiatives.
Regulatory Delays
State regulator information requests could delay East area tank waste grouting receipts by several months.
PFAS Regulations
Florida legislation phases out PFAS-containing firefighting foams over next three years, accelerating demand for destruction services.
Q4 Outlook
Perma-Fix expects receipts to increase in line with DFLAW production levels throughout 2027, with full capacity by 2028.
The short version
Perma-Fix Environmental Services reported $17.9M revenue, 3% YoY growth, and $3.5M net loss in Q3 2026 with expanding Hanford waste processing capacity.
