Perma-Fix Reports 45% Revenue Increase and Backlog Growth in Q3 2025

Reuters
Nov 10, 2025
Perma-Fix Reports 45% Revenue Increase and Backlog Growth in Q3 2025

Perma-Fix Environmental Services Inc. reported its financial results for the third quarter ended September 30, 2025. The company announced a 45% year-over-year increase in revenue and improvement in its Treatment Segment gross margin to 17.3%, up from 4.5% in the prior year. Third quarter revenue totaled $17.5 million, compared to $16.8 million in the same period of 2024. The Treatment Segment generated approximately $13.1 million in revenue for the quarter, up from $9.1 million in the prior year, driven by increased waste volume and higher average price waste related to the waste mix. Both international and commercial customers contributed to the increase. The Services Segment reported revenue of approximately $4.4 million, down from $7.7 million in the third quarter of 2024, with the decrease attributed in part to delays in project mobilization from existing contracts. The company's Treatment Segment backlog at the end of the third quarter was approximately $15.4 million, an increase of about $7.5 million from the December 31, 2024 balance of $7.9 million.

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