Perma-Fix Reports Second Quarter 2026 Results, Award of Hanford Master IDIQ Subcontract and Commencement of DFLAW Waste Receipts
Perma-Fix reported Q2 revenue of $12.9 million, down from $14.6 million year-over-year, with a net loss of $6.2 million or $(0.32) per share due to delayed waste processing and less favorable revenue mix. Despite the earnings miss, the company secured a Master IDIQ subcontract from H2C with a shared maximum value of $4.4 billion and began receiving liquid effluent waste from the DFLAW facility, marking a major operational milestone.
Key figures
- Revenue
- 12885000
- Guidance
- Company expects to commence treatment of delayed Hanford-related wastes in Q3; outlook strengthened by DOE's Glass-Plus-Grout strategy.
- Idiq max gallons
- 50000000
- Treatment backlog
- 15700000
- Idiq max value usd
- 4400000000
- Services revenue yoy
- 44%
AI analysis
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