PESI · Perma Fix Environmental Services Inc · Financials
Substantial doubt about the company's ability to continue as a going concern.
“Because these customers do not provide binding assurances regarding the timing or volume of future work, and such activity is subject to appropriations, procurement processes, operational considerations and other factors outside the Company's control, management could not conclude that its plans are probable of effectively mitigating the conditions giving rise to substantial doubt. Accordingly, substantial doubt continues to exist about the Company's ability to continue as a going concern for one year following the date the accompanying Condensed Consolidated Financial Statements are issued. Although the May 2026 equity offering strengthened the Company's liquidity, management concluded that the substantial doubt was not alleviated.”View the 10-Q filed Aug 12, 2026
Key customers — 61.4% of revenue (the three months ended March 31, 2026)
“We performed services relating to waste generated by federal government clients, either indirectly as a subcontractor or directly as a prime contractor to federal government entities, representing approximately $6,836,000 or 61.4% of our total revenue during the three months ended March 31, 2026, as compared to $8,404,00 or 60.4% of our total revenue during the corresponding period of 2025.”
Key customers — 60.4% of revenue (the corresponding period of 2025)
“We performed services relating to waste generated by federal government clients, either indirectly as a subcontractor or directly as a prime contractor to federal government entities, representing approximately $6,836,000 or 61.4% of our total revenue during the three months ended March 31, 2026, as compared to $8,404,00 or 60.4% of our total revenue during the corresponding period of 2025.”
Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.
Chart any reported metric, KPI or segment over time — the full statement history lives here
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -$3.85M | $642K | $59.12M | $89.74M | $60.03M | $60.81M | $96.58M | $59.99M | $35.94M | $6.31M | $4.42M | $62.38M | $57.07M | $74.41M | $127.51M | $118.1M | $97.79M | $92.39M | |
| $58.8M | $55.7M | $59.12M | $73.37M | $60.99M | $65.37M | $89.53M | $57.88M | $41.08M | $41.15M | $44.14M | $48.03M | $45.16M | $64.6M | $111.71M | $89.68M | $77.18M | $67.91M | |
| -$1.62M | $5.97M | $2000 | $16.37M | $9.61M | $6.82M | $15.89M | $15.58M | $8.46M | $8.62M | $7.08M | $14.35M | $11.91M | $9.82M | $15.8M | $28.42M | $20.62M | $24.48M | |
| — | 930.37% | 0% | 18.24% | 16.01% | 11.22% | 16.46% | 25.98% | 23.54% | 136.57% | 160.31% | 23% | 20.87% | 13.19% | 12.39% | 24.06% | 21.08% | 26.5% | |
| $1.15M | $1.29M | $1.17M | $561K | $336K | $746K | $762K | $750K | $1.37M | $1.6M | $2.05M | $2.3M | $1.32M | $1.76M | $1.82M | $1.5M | $921K | $609K | |
| $16.32M | $16.42M | $14.49M | $14.98M | $14.65M | $12.85M | $11.77M | $11.86M | $10.74M | $11.1M | $10.72M | $11M | $11.97M | $14.38M | $18.39M | $15.56M | $13.36M | $14.42M | |
| $61K | $57K | $117K | $198K | $237K | $211K | $239K | $7000 | $55K | $55K | $55K | $471K | $638K | $745K | $675K | $241K | $79K | — | |
| $1.86M | $1.76M | $1.76M | $2.57M | $2.11M | $1.69M | $1.6M | $1.34M | $1.46M | $3.8M | $4.17M | $3.72M | $4.24M | $4.13M | $5.47M | $4.82M | $4.53M | $4.32M | |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | $185K | $79K | — | — | |
| -$19.1M | -$11.74M | -$15.68M | $756K | -$5.4M | -$6.77M | $3.33M | $2.97M | -$3.6M | -$4.74M | -$15.79M | $1.13M | -$1.72M | -$34.23M | -$4.42M | $11.37M | $6.2M | $9.46M | |
| — | -1827.88% | -26.53% | 0.84% | -8.99% | -11.13% | 3.45% | 4.95% | -10.03% | -75.03% | -357.37% | 1.82% | -3.01% | -46% | -3.47% | 9.63% | 6.34% | 10.24% | |
| -$17.24M | -$9.98M | -$13.92M | $3.32M | -$3.29M | -$5.08M | $4.92M | $4.31M | -$2.15M | -$933K | -$11.63M | $4.85M | $2.52M | -$30.1M | $1.05M | $16.19M | $10.73M | $13.78M | |
| $357K | $461K | $473K | $323K | $175K | $247K | $398K | $432K | $251K | $315K | $489K | $489K | $616K | $762K | $818K | $657K | $755K | $1.64M | |
| $134K | — | — | — | — | — | — | — | — | — | $110K | $53K | $27K | $35K | $41K | $58K | $65K | $145K | |
| $217K | $261K | $166K | -$11K | $1.95M | -$86K | $211K | $223K | -$8000 | $123K | $22K | $11K | -$51K | -$8000 | $8000 | $5000 | $24K | $21K | |
| -$18.22M | -$10.67M | -$15.13M | $935K | -$3.59M | -$2.8M | $2.96M | $2.89M | -$2.01M | -$4.82M | -$16.26M | $480K | -$2.58M | -$35.1M | -$5.3M | $10.48M | $5.12M | $7.7M | |
| — | — | $4.44M | $17K | -$378K | -$3.89M | -$189K | $157K | -$936K | $1.29M | -$2.99M | $543K | $417K | -$625K | -$2.15M | -$4.08M | $235K | -$1.99M | |
| -$21.18M | -$13.78M | -$19.98M | $485K | -$3.82M | $835K | $2.86M | $2.32M | -$1.42M | -$3.68M | -$13.41M | -$1.05M | -$1.23M | -$35.98M | -$3.36M | $8.07M | $3.96M | $9.62M | |
| — | -2147.04% | -33.8% | 0.54% | -6.36% | 1.37% | 2.96% | 3.86% | -3.95% | -58.3% | -303.35% | -1.68% | -2.15% | -48.35% | -2.63% | 6.83% | 4.05% | 10.41% | |
| — | — | — | — | — | -$164K | -$123K | -$124K | -$320K | -$450K | -$588K | -$877K | -$79K | -$64K | $180K | $22K | $0 | $0 | |
| -$21.2M | -$13.72M | -$20.08M | $550K | -$3.95M | $1.01M | $2.86M | $2.32M | -$1.52M | -$3.63M | -$13.45M | -$1.18M | -$1.22M | -$35.97M | -$3.36M | $8.07M | $3.96M | $9.62M | |
| USD/shares | -$1.13 | -$0.75 | -$1.33 | $0.04 | -$0.29 | $0.07 | $0.24 | $0.19 | -$0.12 | -$0.31 | -$1.15 | -$0.09 | -$0.11 | — | -$0.30 | $0.73 | $0.36 | $0.18 |
| USD/shares | -$1.13 | -$0.75 | -$1.33 | $0.04 | -$0.29 | $0.07 | $0.23 | $0.19 | -$0.12 | -$0.31 | -$1.15 | -$0.09 | -$0.11 | -$3.18 | -$0.30 | $0.73 | $0.36 | $0.18 |
| shares | — | 18.46M | 15.07M | 13.51M | 13.28M | 12.43M | 12.14K | 12.05K | 11.86M | 11.71M | 11.61M | 11.52M | 11.44M | 11.32K | 11.23M | 11.06M | 10.99M | 54.24M |
| shares | — | 18.46M | 15.07M | 13.74M | 13.28M | 12.67M | 12.35K | 12.06K | 11.86M | 11.71M | 11.61M | 11.55M | 11.44M | 11.32K | 11.23M | 11.06M | 11.01M | 54.53M |
Debt Profile
Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.
Reported debt balances
Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.
| Reported balance | As of | Amount | Source |
|---|---|---|---|
| Finance lease liabilities | 2026-06-30 | USD 1,876,000 | 10-Q filed 2026-08-12 |
Related accounting measures — not additional borrowingCarrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.
| |||
| Long-term debt, including current maturities | 2026-06-30 | USD 1,980,000 | 10-Q filed 2026-08-12 |
Related accounting measures — not additional borrowingCarrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.
| |||
| Operating lease liabilities | 2026-06-30 | USD 1,365,000 | 10-Q filed 2026-08-12 |
Related accounting measures — not additional borrowingCarrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.
| |||
Covenants
Covenant terms have not yet been verified for this profile.
The balance figures do not establish whether covenants apply or whether the company complies with them.
Loans, facilities and notes
The instrument breakdown is not yet verified. Read the debt note in the linked report for borrowing terms and maturity conditions.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
Peer medians compare against the 6 similar-size Waste Management companies (of 22 listed).
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Treatment | $45,097,000 | $34,953,000 | $43,477,000 | $33,358,000 | $23,115,000 | $23,210,000 |
| Services | $16,577,000 | $24,164,000 | $46,258,000 | $37,241,000 | $37,697,000 | $73,372,000 |
| Segments Total | — | — | — | — | $72,191,000 | $105,426,000 |
By Geography (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| United States | $55,234,000 | $56,665,000 | $87,669,000 | $69,373,000 | $62,257,000 | $99,790,000 |
| Canada | $2,820,000 | $513,000 | $1,685,000 | $406,000 | $9,277,000 | $5,550,000 |
| Mexico | $2,144,000 | $394,000 | — | — | — | — |
| Germany | $774,000 | $734,000 | $206,000 | $678,000 | $567,000 | — |
| Italy | $389,000 | $77,000 | — | $14,000 | — | — |
| United Kingdom | $219,000 | $553,000 | $88,000 | $128,000 | $90,000 | $86,000 |
| Slovenia | $94,000 | $181,000 | $87,000 | — | — | — |
Segment Operating Income
Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Treatment | -$1,449,000 | -$6,260,000 | $2,209,000 |
| Services | -$2,062,000 | -$2,307,000 | $5,882,000 |
| Segments Total | -$3,511,000 | -$8,567,000 | $8,091,000 |
Operating Margin by Segment (%)
| Component | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Treatment | -3.2% | -17.9% | 5.1% |
| Services | -12.4% | -9.5% | 12.7% |