DIRTT ENVIRONMENTAL SOLUTIONS LTD (DRTTF) Form 8-K — Nov 4, 2026
DIRTT Environmental Solutions reported Q3 2026 revenue of $44.7 million, up 19% year over year, with net income of $17.1 million versus a $3.5 million loss a year earlier. A $13.1 million deferred tax asset drove much of the GAAP profit swing, while Adjusted EBITDA rose to $6.5 million (14.6% margin) from $1.2 million (3.1%). Management maintained 2026 guidance of $175-185 million revenue and $21-25 million Adjusted EBITDA but said it expects to finish toward the low end of both ranges, citing measured customer decision timelines.
Key figures
- Eps
- 0.09
- Revenue
- 44732000
- Guidance
- 2026 Revenue $175.0-$185.0 million; 2026 Adjusted EBITDA $21.0-$25.0 million; company expects to finish toward the low end of both ranges
- Net Income
- 17120000
- Revenue Yoy
- 19%
- Cash Position
- 27700000
- Ytd revenue
- 127500000
- Pipeline value
- $290 million across 1,600+ opportunities at October 1, 2026
- Adjusted ebitda
- $6.5 million (14.6% margin) vs $1.2 million (3.1%)
- Credit facility
- C$25.0 million senior secured revolving facility with Royal Bank of Canada, maturing November 30, 2029
- Tariff costs q3
- $0.3 million vs $1.9 million prior year
- Bdc disbursement
- 3700000
- Gross profit margin
- 35.1% vs 30.4% prior year
- Adjusted gross profit
- $16.6 million (37.1% margin)
- Deferred tax asset recognized
- 13100000
AI analysis
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