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DIRTT Environmental Solutions (DRTT) investor relations material
DIRTT Environmental Solutions Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary6 Nov, 2025
Executive summary
Q3 2025 marked a return to positive adjusted EBITDA and improving margins, driven by cost reduction, tariff mitigation, and operational efficiency initiatives, despite macroeconomic challenges and order delays.
Strategic growth initiatives, including the formalization and expansion of Construction Services, contributed $50 million to the $333 million 12-month pipeline and secured major contracts with clients like Google and ExxonMobil.
Business transformation efforts included the establishment of a Transformation Office and the appointment of a new VP of Product Development to drive innovation and efficiency.
Financial highlights
Q3 2025 revenue was $37.7 million, down 13% year-over-year due to order delays and tariffs.
Gross profit margin improved sequentially to 30.4% in Q3 2025 from 27.8% in Q2 2025, but declined from 38.8% in Q3 2024.
Adjusted EBITDA was $1.2 million (3.1% margin), down from $4.1 million (9.4% margin) in Q3 2024.
Net loss after tax was $3.5 million (9.2% margin), compared to net income of $7.1 million (16.3% margin) in Q3 2024.
Operating expenses (excluding special items) fell 17% year-over-year to $11.8 million; sales and marketing and G&A expenses also declined.
Outlook and guidance
Q4 2025 revenue expected between $48–$52 million and adjusted EBITDA between $5–$7 million.
Twelve-month forward sales pipeline at $333 million as of October 1, 2025, up 20% from January 1, 2025.
Transformation Office program to continue into 2026, targeting further cost improvements and productivity gains.
Quantify expected operating leverage from transformation
How does Construction Services alter market access?
Pipeline conversion rate outlook with CS growth?
DCS conversion rate vs. traditional pipeline
Quantify operating leverage from factory capacity
Mitigate future job site readiness delays
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Next DIRTT Environmental Solutions earnings date
Q4 202526 Feb, 2026
Next DIRTT Environmental Solutions earnings date
Q4 202526 Feb, 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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