--- title: "DIRTT Environmental Solutions Ltd. | 8-K: FY2026 Q1 Revenue: USD 42.43 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285439914.md" datetime: "2026-05-06T21:03:50.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285439914.md) - [en](https://longbridge.com/en/news/285439914.md) - [zh-HK](https://longbridge.com/zh-HK/news/285439914.md) --- # DIRTT Environmental Solutions Ltd. | 8-K: FY2026 Q1 Revenue: USD 42.43 M Revenue: As of FY2026 Q1, the actual value is USD 42.43 M. EPS: As of FY2026 Q1, the actual value is USD -0.02. EBIT: As of FY2026 Q1, the actual value is USD -2.996 M. #### Revenue DIRTT Environmental Solutions Ltd. reported total revenue of $42.4 million for the first quarter of 2026, marking a 3% increase from $41.3 million in the first quarter of 2025. Product revenue was $40.8 million in Q1 2026, up from $40.3 million in Q1 2025. Service revenue increased to $1.6 million in Q1 2026 from $0.9 million in Q1 2025. Total cost of sales for Q1 2026 was $29.4 million, compared to $26.8 million in Q1 2025. Product cost of sales was $27.3 million in Q1 2026 versus $26.4 million in Q1 2025, while service cost of sales was $2.1 million in Q1 2026 compared to $0.4 million in Q1 2025. #### Gross Profit and Margin Gross profit for the first quarter of 2026 was $13.0 million, or 30.6% of revenue, a decrease from $14.5 million, or 35.2% of revenue, for the same period in 2025. Adjusted Gross Profit was $13.9 million, or 32.9% of revenue, in Q1 2026, down from $15.5 million, or 37.5% of revenue, in Q1 2025. #### Net Loss Net loss after tax for the first quarter of 2026 was - $3.3 million, compared to a net loss after tax of - $0.7 million for the first quarter of 2025. Net loss per share (basic and diluted) was - $0.02 in Q1 2026, compared to - $0.00 in Q1 2025. #### Adjusted EBITDA Adjusted EBITDA for the first quarter of 2026 was $1.4 million, or 3.3% of revenue, representing a decrease of $0.7 million from $2.1 million, or 5.1% of revenue, in the first quarter of 2025. EBITDA for Q1 2026 was - $1.5 million, compared to $1.1 million in Q1 2025. #### Operating Expenses Total operating expenses were $16.3 million for the first quarter of 2026, up from $14.9 million in the first quarter of 2025. Sales and marketing expenses decreased to $5.0 million in Q1 2026 from $5.2 million in Q1 2025. General and administrative expenses were $5.4 million in Q1 2026, a minor decrease from $5.5 million in Q1 2025. Operations support expenses decreased by $0.4 million to $1.6 million in Q1 2026 from $2.0 million in Q1 2025. Technology and development expenses decreased by $0.3 million to $0.9 million in Q1 2026 from $1.2 million in Q1 2025. Stock-based compensation expense increased to $0.9 million in Q1 2026 from $0.7 million in Q1 2025. Reorganization costs significantly increased to $2.4 million in Q1 2026 from $0.2 million in Q1 2025. #### Operating Loss Operating loss for the first quarter of 2026 was - $3.3 million, compared to - $0.3 million in the first quarter of 2025. #### Other Income/Expense Interest income decreased to $0.1 million in Q1 2026 from $0.3 million in Q1 2025. Foreign exchange resulted in a gain of $0.3 million in Q1 2026, compared to a loss of - $0.1 million in Q1 2025. Interest expense was - $0.4 million in Q1 2026, down from - $0.5 million in Q1 2025. The gain on extinguishment of convertible debentures was - $0.0 million in Q1 2026, compared to $0.0 million in Q1 2025. #### Liquidity Liquidity, including unrestricted cash and available borrowings, was $25.1 million at March 31, 2026, a decrease from $32.1 million at December 31, 2025. #### Unique Metrics DIRTT Environmental Solutions Ltd. received net proceeds of $6.9 million from BDC during the first quarter of 2026. The company repaid C$16.6 million ($12.1 million) principal amount of its January Debentures on January 31, 2026. The twelve-month forward-looking pipeline entering the second quarter of 2026 grew 16% year over year, with the overall pipeline being approximately $338 million, of which Construction Services accounts for approximately $55 million. #### Outlook / Guidance DIRTT Environmental Solutions Ltd. is maintaining its previously announced 2026 guidance, projecting revenue between $194.0 million and $209.0 million. The company also expects 2026 Adjusted EBITDA to be between $26.0 million and $31.0 million. These projections incorporate current macroeconomic conditions, tariff impacts, and recent increases in raw material and oil prices. ### Related Stocks - [DRTTF.US](https://longbridge.com/en/quote/DRTTF.US.md) ## Related News & Research - [Artivion Completes Acquisition of Endospan Ltd. | AORT Stock News](https://longbridge.com/en/news/286758893.md) - [Nu Holdings Ltd. Reports First Quarter 2026 Financial Results | NU Stock News](https://longbridge.com/en/news/286474014.md) - [Stocks in Play: Sylogist Ltd.](https://longbridge.com/en/news/286933780.md) - [Bancroft Fund Ltd. Declares Distribution of $0.35 Per Share | BCV Stock News](https://longbridge.com/en/news/286279398.md) - [Micware Co., Ltd. Announces Closing of Upsized Initial Public Offering | MWC Stock News](https://longbridge.com/en/news/286607672.md)