Perma-Fix Reports Q2 Loss but Flags Hanford Waste Receipts and Backlog Surge as Turnaround Inflection
PESI sits 97% above its 52-week low of $8.02.
Summary
Perma-Fix posted a preliminary Q2 net loss of ~$6M on ~$13M revenue, but Hanford waste receipts have begun, backlog jumped 29% to $15.7M, and the DOE's new strategy names the company as a key player — suggesting the revenue inflection is finally underway.
Key Events · Earnings and Guidance · PESI
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Hanford Waste Receipts Begin
PFNW facility received certain Hanford waste streams in Q2 and began receiving DFLAW liquid effluents in early July 2026, marking a major operational milestone.
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Backlog Surges 29% to $15.7M
Treatment-related backlog rose to ~$15.7M as of June 30, 2026, up from $12.2M at end of Q1, driven by Hanford receipts.
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Preliminary Q2 Loss of ~$6M
Estimated Q2 net loss of ~$(6.0)M on revenue of ~$13M, reflecting readiness costs incurred ahead of the Hanford revenue ramp and delayed treatment starts.
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DOE Strategy Names Perma-Fix
DOE's Hanford Dual Glass-Plus-Grout Strategy targets up to 300% more throughput and disposal cost reduction from ~$1,200/gal to under $50/gal, with Perma-Fix named as a participant.
Analysis · PESI · Energy & Transportation
Perma-Fix disclosed preliminary Q2 results showing a ~$6M net loss on ~$13M revenue, worse than the already weak Q1, but the real story is operational: the company finally began receiving Hanford waste streams and DFLAW liquid effluents, driving backlog up 29% to $15.7M. The DOE's new Hanford Dual Glass-Plus-Grout Strategy explicitly names Perma-Fix, targeting massive throughput increases and cost reductions. With a going-concern warning still hanging from Q1, this filing signals that the long-awaited Hanford revenue ramp is now beginning — the Q2 loss reflects readiness costs incurred ahead of that ramp, not a deteriorating business. The annual meeting results are routine but confirm board and auditor stability.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 36.9% of the 964 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.65%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, PESI was trading at $15.80 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $332.5M. The 52-week trading range was $8.02 to $18.40. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.