DRTTF · Dirtt Environmental Solutions Ltd - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $42.43M | - | $37.72M | $38.92M | $41.30M | - | $43.38M | $41.20M | $40.85M | - |
| Cost of Revenue | $29.43M | - | $26.25M | $28.10M | $26.75M | - | $26.56M | $25.83M | $26.20M | - |
| Gross Profit | $13.00M | - | $11.47M | $10.82M | $14.54M | - | $16.81M | $15.38M | $14.65M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $5.44M | - | $4.43M | $5.74M | $5.48M | - | $5.83M | $4.39M | $4.57M | - |
| Total Operating Expenses | $16.27M | - | $15.16M | $15.16M | $14.86M | - | $15.63M | $14.36M | $14.86M | - |
| D&A | $1.43M | - | $1.53M | $1.55M | $1.48M | - | $1.49M | $1.52M | $1.53M | - |
| Operating Income | ($3.26M) | - | ($3.70M) | ($4.34M) | ($322.0K) | - | $1.18M | $1.02M | ($207.0K) | - |
| Interest Expense | $350.0K | - | $465.0K | $485.0K | $1.05M | - | $1.20M | $945.0K | $1.05M | - |
| Income Tax | - | - | - | - | - | - | $23.0K | $315.0K | $33.0K | - |
| Net Income | ($3.27M) | - | ($3.48M) | ($6.60M) | ($661.0K) | - | $7.09M | $596.0K | $3.04M | - |
| EPS - Basic | ($0.02) | - | ($0.02) | ($0.03) | $0.00 | - | $0.04 | $0.00 | $0.02 | - |
| EPS - Diluted | ($0.02) | - | ($0.02) | ($0.03) | $0.00 | - | $0.03 | $0.00 | $0.01 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $15.00M | $20.33M | $26.13M | $23.10M | $28.44M | $29.29M | $23.63M | $39.53M | $38.99M | $24.74M |
| Accounts Receivable | $23.81M | $22.37M | $14.99M | $17.00M | $16.20M | $19.49M | $20.39M | $17.73M | $15.78M | $15.79M |
| Inventory | $14.92M | $15.76M | $15.97M | $15.82M | $14.47M | $15.11M | $14.75M | $14.91M | $15.67M | $16.58M |
| Accounts Payable | - | $11.11M | - | - | - | $11.24M | - | - | - | $12.38M |
| Current Assets | $57.21M | $62.39M | $61.43M | $60.70M | $62.69M | $67.16M | $63.13M | $76.67M | $73.58M | $63.52M |
| Total Assets | $95.24M | $102.50M | $109.21M | $109.50M | $111.87M | $118.22M | $118.22M | $133.32M | $131.97M | $124.32M |
| Current Liabilities | $49.47M | $56.75M | $44.05M | $40.96M | $38.85M | $29.57M | $28.99M | $29.09M | $27.47M | $33.75M |
| Long-term Debt | $5.46M | $220.0K | $10.80M | $11.15M | $10.60M | $21.99M | $23.54M | $45.85M | $46.13M | $55.27M |
| Total Liabilities | $70.79M | $73.97M | $77.72M | $75.01M | $72.67M | $75.63M | $78.22M | $101.42M | $100.55M | $117.22M |
| Stockholders' Equity | $24.45M | $28.54M | $31.49M | $34.49M | $39.20M | $42.59M | $40.01M | $31.90M | $31.42M | $7.10M |
| Retained Earnings | ($184.38M) | ($180.58M) | ($176.86M) | ($173.38M) | ($166.76M) | ($166.10M) | ($170.13M) | ($177.22M) | ($177.81M) | ($180.86M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.21M | - | $4.39M | ($3.92M) | $3.68M | - | $1.52M | $1.64M | ($2.04M) | - |
| Investing Cash Flow | ($731.0K) | - | ($780.0K) | ($979.0K) | ($729.0K) | - | ($596.0K) | ($844.0K) | $281.0K | - |
| Financing Cash Flow | ($5.70M) | - | ($422.0K) | ($642.0K) | ($3.61M) | - | ($16.26M) | ($150.0K) | $16.12M | - |
| CapEx | $436.0K | - | $283.0K | $503.0K | $298.0K | - | $310.0K | $319.0K | $344.0K | - |
| Free Cash Flow | $771.0K | - | $4.11M | ($4.42M) | $3.39M | - | $1.21M | $1.32M | ($2.39M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 30.6% | - | 30.4% | 27.8% | 35.2% | - | 38.8% | 37.3% | 35.9% | - |
| Operating margin | -7.7% | - | -9.8% | -11.1% | -0.8% | - | 2.7% | 2.5% | -0.5% | - |
| EBITDA margin | -4.3% | - | -5.7% | -7.2% | 2.8% | - | 6.1% | 6.2% | 3.2% | - |
| Net margin | -7.7% | - | -9.2% | -17.0% | -1.6% | - | 16.3% | 1.4% | 7.5% | - |
| Free cash flow margin | 1.8% | - | 10.9% | -11.4% | 8.2% | - | 2.8% | 3.2% | -5.8% | - |
| FCF / Net income | -0.24 | - | -1.18 | 0.67 | -5.12 | - | 0.17 | 2.22 | -0.78 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 12.8% | - | 11.7% | 14.8% | 13.3% | - | 13.5% | 10.7% | 11.2% | - |
| Effective tax rate | - | - | - | - | - | - | 0.3% | 34.6% | 1.1% | - |
| Return on assets | -3.4% | - | -3.2% | -6.0% | -0.6% | - | 6.0% | 0.4% | 2.3% | - |
| Return on equity | -13.4% | - | -11.1% | -19.1% | -1.7% | - | 17.7% | 1.9% | 9.7% | - |
| Return on invested capital | - | - | - | - | - | - | 1.9% | 0.9% | -0.3% | - |
| Liquidity | ||||||||||
| Current ratio | 1.16 | 1.10 | 1.39 | 1.48 | 1.61 | 2.27 | 2.18 | 2.64 | 2.68 | 1.88 |
| Quick ratio | 0.85 | 0.82 | 1.03 | 1.10 | 1.24 | 1.76 | 1.67 | 2.12 | 2.11 | 1.39 |
| Cash ratio | 0.30 | 0.36 | 0.59 | 0.56 | 0.73 | 0.99 | 0.82 | 1.36 | 1.42 | 0.73 |
| Leverage | ||||||||||
| Debt / Equity | 0.22 | 0.01 | 0.34 | 0.32 | 0.27 | 0.52 | 0.59 | 1.44 | 1.47 | 7.78 |
| Debt / Assets | 0.06 | 0.00 | 0.10 | 0.10 | 0.09 | 0.19 | 0.20 | 0.34 | 0.35 | 0.44 |
| Debt / EBITDA | - | - | - | - | 9.15 | - | 8.82 | 18.07 | 34.76 | - |
| Interest coverage | -9.3x | - | -8.0x | -8.9x | -0.3x | - | 1.0x | 1.1x | -0.2x | - |
| Equity multiplier | 3.90 | 3.59 | 3.47 | 3.18 | 2.85 | 2.78 | 2.96 | 4.18 | 4.20 | 17.51 |
| Liabilities / Assets | 0.74 | 0.72 | 0.71 | 0.69 | 0.65 | 0.64 | 0.66 | 0.76 | 0.76 | 0.94 |
| Efficiency | ||||||||||
| Asset turnover | 0.45 | - | 0.35 | 0.36 | 0.37 | - | 0.37 | 0.31 | 0.31 | - |
| Inventory turnover | 1.97 | - | 1.64 | 1.78 | 1.85 | - | 1.80 | 1.73 | 1.67 | - |
| Days sales outstanding | 205d | - | 145d | 159d | 143d | - | 172d | 157d | 141d | - |
| Days inventory outstanding | 185d | - | 222d | 206d | 197d | - | 203d | 211d | 218d | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | 17.4x | - | - | - |
| P / B | 4.6x | - | 3.5x | 3.3x | 3.5x | - | 3.1x | 4.3x | - | - |
| P / S | 2.7x | - | 2.9x | 3.0x | 3.3x | - | 2.9x | 3.3x | - | - |
| EV / EBITDA | - | - | - | - | 102.4x | - | 47.2x | 56.3x | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 2.8% | - | -13.0% | -5.5% | 1.1% | - | -12.4% | -7.9% | 11.3% | - |
| Revenue CAGR (3y) | 4.9% | - | -6.9% | -4.5% | 2.6% | - | 8.4% | 0.1% | 11.5% | - |
| Revenue CAGR (5y) | 7.6% | - | -4.0% | -1.6% | 0.2% | - | -10.1% | - | - | - |
| Gross profit growth (YoY) | -10.6% | - | -31.8% | -29.6% | -0.7% | - | -1.5% | 5.6% | 68.7% | - |
| Operating income growth (YoY) | -913.7% | - | - | - | -55.6% | - | - | - | 98.0% | - |
| Net income growth (YoY) | -395.2% | - | - | - | - | - | - | -73.0% | - | - |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -77.2% | - | 238.9% | - | - | - | -27.2% | -57.0% | -75.6% | - |
| FCF CAGR (5y) | - | - | 5.5% | - | - | - | -1.6% | - | - | - |
| Book value growth (YoY) | -37.6% | -33.0% | -21.3% | 8.1% | 24.8% | 499.8% | 576.7% | 170.7% | 325.4% | -60.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$168.85M totalAll Other Segments$168.85M · 100.0%
Product / service
$496.97M totalProduct$164.06M · 33.0%
Product One$146.35M · 29.4%
Commercial$97.97M · 19.7%
Health Care$40.30M · 8.1%
Transportation$16.99M · 3.4%
Education$13.77M · 2.8%
Government Contract$11.29M · 2.3%
Service$4.80M · 1.0%
License Fees From Distribution Partners$719.0K · 0.1%
License$719.0K · 0.1%
Geographic
$168.85M totalUS$149.42M · 88.5%
CA$19.43M · 11.5%
Peer comparison
Same SIC group: Services-Prepackaged Software
Comparing DIRTT ENVIRONMENTAL SOLUTIONS LTD against the 5 most active filers in the same SIC group.