DIRTT Environmental Solutions Ltd
TSX:DRT

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DIRTT Environmental Solutions Ltd Logo
DIRTT Environmental Solutions Ltd
TSX:DRT
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Price: 0.94 CAD -1.05% Market Closed
Market Cap: 179.6m CAD

DIRTT Environmental Solutions Ltd
Investor Relations

DIRTT Environmental Solutions Ltd. engages in the manufacturing of customized interiors. The company is headquartered in Calgary, Alberta and currently employs 1,002 full-time employees. The company went IPO on 2013-11-28. The firm combines its three-dimensional (3D) design, configuration and manufacturing ICE software with integrated in-house manufacturing of its prefabricated interior construction solutions and a network of distribution partners. Its ICE Software provides design, drawing, specification, pricing and manufacturing process information, allowing production of custom solutions. Its interior construction solutions include prefabricated, customized interior modular walls, ceilings, and floors; decorative and functional millwork; power infrastructure; network infrastructure; and pre-installed medical gas piping systems. The firm offers interior construction solutions throughout the United States and Canada.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 6, 2025
AI Summary
Q3 2025

Revenue Decline: Q3 2025 revenue was $37.7 million, down 13% year-over-year, mainly due to higher-than-normal order delays from job sites not being ready.

Margin Recovery: Gross margin rebounded sequentially to 30.4% in Q3 from 27.8% in Q2, helped by recent price increases and surcharges to offset tariffs.

Positive Adjusted EBITDA: Company returned to positive adjusted EBITDA in Q3 2025, though the $1.2 million result was lower than the prior year.

Strong Pipeline Growth: The 12-month forward sales pipeline reached $333 million, up 20% since January, with Construction Services contributing $50 million.

Q4 Guidance: Management expects Q4 revenue between $48 million and $52 million and adjusted EBITDA of $5 million to $7 million.

Cost Controls: Operating expenses (excluding certain items) fell 17% year-over-year to $11.8 million, driven by lower professional services and compensation costs.

Financing Update: Entered a nonbinding term sheet for up to CAD 15 million in new financing and extended the RBC credit facility by one year.

Key Financials
Revenue
$37.7 million
Gross Margin
30.4%
Operating Expenses
$11.8 million
Net Loss
$3.5 million
Adjusted EBITDA
$1.2 million
Unrestricted Cash
$26.1 million
Liquidity
$32.3 million
12-month Sales Pipeline
$333 million
Tariff Costs
$1.9 million
Total Recordable Incident Rate
0.99
Other Earnings Calls

Management

Mr. Benjamin Urban
CEO & Director
No Bio Available
Mr. Richard J. Hunter
COO & President
No Bio Available
Ms. Fareeha Khan
CFO & Corporate Secretary
No Bio Available
Mr. Geoffrey W. Gosling
Co-Founder
No Bio Available
James Mulawyshyn
Senior Vice President of Technology
No Bio Available

Contacts

Address
ALBERTA
Calgary
7303 30 St SE
Contacts
+14037235000.0
www.dirtt.net