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DIRTT Environmental Solutions
DIRTT Environmental Solutions (DRTT) investor relations material
DIRTT Environmental Solutions Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary26 Feb, 2026
Executive summary
Q4 2025 revenue reached $50.9 million, up 4% year-over-year, with Adjusted EBITDA of $6.2 million (12.1% margin), reflecting sequential and annual improvement and the highest monthly revenue in two years.
Transformation initiatives focused on cost optimization, manufacturing efficiency, and operating model overhaul are driving structural improvements in revenue and earnings capacity.
Liquidity remains strong at $32.1 million, with $20.3 million in unrestricted cash and $11.8 million available under a credit facility.
Expanded enterprise relationships with repeat clients and new contracts, and formalized DIRTT Construction Services to expand technical capabilities.
Net loss after tax was $3.7 million, compared to net income of $4.0 million in Q4 2024, mainly due to one-time impairment and reorganization costs.
Financial highlights
Q4 2025 revenue was $50.9 million, with product revenue of $49.3 million and service revenue of $1.6 million.
Adjusted EBITDA rose to $6.2 million (12.1% of revenue), up from $5.5 million in Q4 2024 and $1.2 million in Q3 2025.
Adjusted gross profit margin was 38.7% in Q4 2025, up 5.6 percentage points sequentially.
Gross profit margin increased to 36.6% from 35.9% year-over-year and from 30.4% sequentially.
Net loss after tax was $3.7 million, impacted by $7.6 million in reorganization and impairment charges.
Outlook and guidance
Fiscal 2026 revenue guidance is $194 million to $209 million; Adjusted EBITDA guidance is $26 million to $31 million, reflecting current tariff impacts and excluding unforeseen trade policy changes.
FY 2026 expected to benefit from higher revenue volumes and manufacturing efficiencies, offsetting rising raw material costs.
Transformation Office initiatives expected to further improve long-term revenue and earnings capacity.
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Next DIRTT Environmental Solutions earnings date
Q1 20267 May, 2026
DIRTT Environmental Solutions
Next DIRTT Environmental Solutions earnings date
Q1 20267 May, 2026
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Frequently asked questions
DIRTT Environmental Solutions Ltd. is a Canada-based company specializing in the design and manufacturing of customizable interior construction solutions. The company uses a proprietary technology platform to produce prefabricated modular walls, doors, millwork, and other architectural components tailored to client specifications. DIRTT serves a range of sectors, including healthcare, education, corporate, and hospitality, offering sustainable and efficient building solutions that reduce construction time and waste. The company is headquartered in Calgary, Alberta, and its shares are listed on the NASDAQ.
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