Q4 2025 DIRTT Environmental Solutions Ltd Earnings Call Transcript
Key Points
- Revenues for the fourth quarter were $50.9 million, marking a 4% increase compared to the same period in 2024.
- Gross profit margin improved from 35.9% in Q4 2024 to 36.6% in Q4 2025, indicating better cost management and efficiency.
- Adjusted EBITDA for Q4 2025 was $6.2 million, up from $5.5 million in Q4 2024, showing improved operational performance.
- The company executed a letter of offer with BDC for up to CAD15 million, enhancing financial flexibility.
- Recent commercial wins with major clients like Google and U-Haul demonstrate strong market presence and client trust.
- Net loss after tax for Q4 2025 was $3.7 million, a significant decline from a net income of $4 million in the same period of 2024.
- Operating expenses remained high at $14.1 million, with increases in professional fees and operating support expenses.
- Cash used in operations was $4.3 million, contributing to a decrease in unrestricted cash by $5.8 million from the previous quarter.
- The company faced a $0.3 million foreign exchange loss due to currency fluctuations, impacting financial results.
- The ongoing Falkbuilt litigation presents potential legal and financial risks, with the trial still underway.
Good day, and thank you for standing by. Welcome to DIRTT's 2025 Q4 financial results conference call. (Operator Instructions) Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your first speaker today, Adrian Zarate, Chief Transformation Officer. Please go ahead.
Th1ank you, operator, and good morning, everyone. Welcome to today's call to discuss DIRTT's fourth quarter 2025 results. Joining me on the call today will be Benjamin Urban, CEO; and Fareeha Khan, CFO. Today's call will include forward-looking statements within the meaning of applicable Canadian and United States securities laws. These statements are based on the company's current intent, expectations and projections.
They are not guarantees of future performance. In addition, this call will reference non-GAAP results, excluding special items. Please reference our Form 10-K as filed on February 25, 2026, with the Securities and
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
