DIRTT Q1 revenue $42.4M (+3% YoY); net loss widens to $3.3M; litigation vs Falkbuilt underway

DIRTT ENVIRONMENTAL SOLUTIONS LTD

2026-Q1 EPS reported -$0.02 revenue$42,432,000

Revenue $42.4M (+3% YoY); net loss $3.3M vs $0.7M loss in Q1 2025.
Adjusted EBITDA $1.4M (3.3% margin) down from $2.1M (5.1%) in Q1 2025.
President & COO Richard Hunter departed; Aaron Merkin appointed CTO effective Jan 12.
Trial against Falkbuilt for breach of restrictive covenants commenced Feb 2; additional dates July 2026.
Repaid C$16.6M 6.00% convertible debentures; received $6.9M BDC financing; liquidity $25.1M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

DIRTT ENVIRONMENTAL SOLUTIONS LTD reported the three months ended March 31, 2026 results: revenue $42.4 million, net income $3.3 million.

Period: the three months ended March 31, 2026
Revenue: $42.4 million
Net income: $3.3 million
Result: reported results

Exact text from the filing

announced its financial results for the three months ended March 31, 2026. All financial information in this news release is presented in U.S. dollars, unless otherwise stated. First Quarter 2026 Highlights and Recent Developments • Revenue of $42.4 million in the first quarter of 2026, an increase of 3% from the first quarter of 2025. • Gross profit and gross profit margin 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 of 2025. • Net loss after tax for the first quarter of 2026 was $3.3 million compared to net loss after tax of $0.7 million for the same period of 2025.

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Source: SEC EDGAR

accession 0001193125-26-209318

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