The going concern disclosure and worsening cash position are critical. Monitor Q2 waste receipts and Hanford contract progress for any tangible reversal. The stock may decline further as the market prices in the risk of equity dilution or covenant breach. Avoid until evidence of operational turnaround materializes.
Price Chart
Executive Summary
Perma-Fix reported Q1 2026 revenue of $11.1M (down 20% YoY) and a net loss of $7.5M ($0.40 loss per share), significantly missing consensus estimates of $0.24 EPS and $14.5M revenue. The 10-Q includes a going concern disclosure, and operating losses doubled. Management points to a 'transitional' quarter and expects improvement from Q2, but the results are materially worse than prior year.
Key Financial Metrics
Key Facts
- Revenue $11.1M vs $13.9M YoY (-20%)
- Net loss $7.5M vs $3.6M loss YoY
- EPS -$0.40 vs -$0.19 YoY, vs consensus $0.24
- Gross loss of $2.9M vs gross profit of $0.7M YoY
- Operating loss $7.5M vs $3.7M YoY
- Going concern disclosure in 10-Q
- Treatment segment revenue down $1.3M, Services down $1.5M
- Cash balance $6.7M, down from $11.8M at year-end 2025
Financial Impact
Revenue miss of ~$3.4M vs consensus; EPS miss of $0.64 vs consensus; net loss doubled to $7.5M; cash burn of $5.1M in Q1
Risk Factors
- Going concern risk with $6.7M cash and $23.3M current liabilities
- Dependence on DOE funding and project timing for recovery
- Potential equity dilution if needed to fund operations
- Further revenue deterioration if government spending constraints continue
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-022192 |
| Document: form8-k.htm | 0001493152-26-022192 |
| Document: 0001493152-26-022192-index-headers.html | 0001493152-26-022192 |
| Document: 0001493152-26-022192-index.html | 0001493152-26-022192 |
| Document: 0001493152-26-022192.txt | 0001493152-26-022192 |
| 8-K Data (Synthetic) | 0001493152-26-022192 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 22, 2026 5w ago | 8-K | $16.53 $15.79 | ▼ −4.48% | ▼ −3.76% | $12.92 (−21.84%) |
Jul 28, 2026 13w ago | 8-K | $16.64 $15.87 | ▼ −4.63% | ▼ −3.09% | $12.92 (−22.36%) |
Jun 12, 2026 19w ago | DEFA14A | $11.00 $10.50 | ▼ −4.50% | ▼ −6.27% | $12.92 (+17.51%) |
May 18, 2026 23w ago | 8-K | $9.35 $8.61 | ▲ +7.91% | ▲ +7.26% | $12.92 (−38.18%) |
May 15, 2026 23w ago | Press Release | $9.74 $9.35 | ▲ +4.00% | ▲ +3.94% | $12.92 (−32.65%) |
May 14, 2026 23w ago | 424B5 | $9.74 $9.35 | ▲ +4.00% | ▲ +3.94% | $12.92 (−32.65%) |
May 11, 2026 24w ago | 8-K | $11.00 $10.97 | ▲ +0.27% | ▲ +0.14% | $12.92 (−17.45%) |
Apr 8, 2026 28w ago | 8-K | $11.99 $12.14 | ▲ +1.25% | ▲ +1.31% | $12.92 (+7.76%) |
Apr 8, 2026 28w ago | Press Release | $12.23 $11.99 | ▲ +1.96% | ▲ +2.54% | $12.92 (−5.64%) |
Mar 24, 2026 31w ago | Press Release | $10.80 $11.11 | ▲ +2.87% | ▲ +2.30% | $12.92 (+19.63%) |
US Market Status
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