DIRTT Environmental Solutions Reports Q3 2025 Results

Dirtt Environmental Solutions Ltd. ( (DRTTF) ) has released its Q3 earnings. Here is a breakdown of the information Dirtt Environmental Solutions Ltd. presented to its investors.

DIRTT Environmental Solutions Ltd., headquartered in Calgary, Alberta, is a leader in industrialized construction, providing adaptable interior environments for various sectors including workplace, healthcare, education, and public sectors. The company is known for its flexible and innovative construction solutions that offer design freedom and cost certainty.

In its third-quarter 2025 financial results, DIRTT reported a revenue of $37.7 million, marking a 13% decrease from the same period in 2024. Despite the revenue decline, the company saw an improvement in gross profit margin to 30.4% from the previous quarter, attributed to effective tariff mitigation actions. However, the gross profit margin was still lower compared to 38.8% in the third quarter of 2024.

Key financial highlights include a net loss after tax of $3.5 million, contrasting with a net income of $7.1 million in the previous year. Adjusted EBITDA also saw a decline to $1.2 million from $4.1 million year-over-year. The company faced challenges due to tariffs, particularly a 50% tariff on Canadian aluminum exports to the U.S., which impacted costs. Despite these challenges, DIRTT managed to increase its liquidity to $32.3 million by the end of the quarter.

Looking ahead, DIRTT’s management remains optimistic, with a 12-month forward pipeline valued at $333.5 million. The company expects revenue between $48.0 and $52.0 million and an Adjusted EBITDA between $5.0 and $7.0 million for the fourth quarter of 2025. The company is also focusing on its Transformation Office to streamline processes and improve productivity, aiming for long-term growth and value creation for shareholders.