Monitor Q2 2026 results for margin recovery and progress on transformation initiatives—guidance back-half weighting implies meaningful improvement needed. The ongoing Falkbuilt litigation and BDC funding terms also represent overhangs.
Price Chart
Executive Summary
DIRTT reported Q1 2026 revenue of $42.4M (+3% YoY), but net loss widened to $3.3M from $0.7M and Adjusted EBITDA fell to $1.4M from $2.1M as gross margins compressed to 30.6% due to rising aluminum costs and tariffs. The company maintained its 2026 guidance ($194-209M revenue, $26-31M Adjusted EBITDA), signaling expected back-half weighting, but underlying profitability deteriorated.
Key Financial Metrics
Key Facts
- Revenue $42.4M (+3% YoY vs $41.3M)
- Net loss after tax $3.3M vs $0.7M loss in Q1 2025
- Adjusted EBITDA $1.4M (3.3% margin) vs $2.1M (5.1% margin)
- Gross profit margin fell to 30.6% from 35.2%
- Reorganization costs $2.4M vs $0.2M
- Liquidity $25.1M at March 31, 2026 (down from $32.1M at Dec 31, 2025)
- 2026 guidance maintained: Revenue $194-209M, Adj EBITDA $26-31M
Financial Impact
Net loss deepened by $2.6M YoY; Adjusted EBITDA down $0.7M; gross margin contraction of 460 bps
Risk Factors
- Rising aluminum costs and tariff impacts further compressing margins
- Execution risk on Transformation Office cost savings
- Uncertainty from Falkbuilt litigation and potential cash outflows
- Liquidity declining ($25.1M) with negative operating cash flow
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-209318 |
| Document: drttf-20260506.htm | 0001193125-26-209318 |
| Document: 0001193125-26-209318-index-headers.html | 0001193125-26-209318 |
| Document: 0001193125-26-209318-index.html | 0001193125-26-209318 |
| Document: 0001193125-26-209318.txt | 0001193125-26-209318 |
| 8-K Data (Synthetic) | 0001193125-26-209318 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 23, 2026 4w ago | 8-K | $0.5710 | awaiting T+60 | — | $0.5600 (−1.93%) |
Jul 29, 2026 12w ago | 8-K | $0.5940 $0.5584 | ▲ +5.99% | ▲ +8.71% | $0.5600 (+5.72%) |
Jul 2, 2026 16w ago | 8-K | $0.5400 $0.5710 | ▲ +5.74% | ▲ +1.92% | $0.5600 (+3.70%) |
May 6, 2026 24w ago | 8-K | $0.5450 $0.6816 | ▼ −25.06% | ▼ −21.23% | $0.5600 (−2.75%) |
US Market Status
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