DIRTT Environmental Solutions Ltd.
Financial Statements (IFRS) · Amounts in CAD
Income Statement
Balance Sheet
Cash Flow
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 | Q2 2024Jun 30, 2024 |
|---|---|---|---|---|---|---|
| Total Revenue | 37.7M | 38.9M | 41.3M | 48.9M | 43.4M | -- |
| Operating Revenue | 37.7M | 38.9M | 41.3M | 48.9M | 43.4M | -- |
| Cost Of Revenue | 26.2M | 28.1M | 26.8M | 31.4M | 26.6M | -- |
| Gross Profit | 11.5M | 10.8M | 14.5M | 17.5M | 16.8M | -- |
| Selling General And Administration | 10.0M | 11.6M | 11.4M | 11.9M | 11.8M | -- |
| General And Administrative Expense | 5.2M | 6.3M | 6.2M | 6.2M | 6.6M | -- |
| Research And Development | 805,000 | 1.5M | 1.2M | 1.3M | 1.3M | -- |
| Other Operating Expenses | 1.8M | 1.9M | 2.0M | 1.9M | 1.9M | -- |
| Operating Expense | 12.6M | 15.0M | 14.7M | 15.1M | 15.0M | -- |
| Operating Income | -1.1M | -4.2M | -112,000 | 2.4M | 1.8M | -- |
| EBIT | -2.9M | -6.0M | -165,000 | 4.6M | 8.6M | -- |
| Interest Expense | 465,000 | 485,000 | 451,000 | 471,000 | 1.5M | -- |
| Interest Expense Non Operating | 465,000 | 485,000 | 451,000 | 471,000 | 1.5M | -- |
| Interest Income | 226,000 | 232,000 | 262,000 | 275,000 | 341,000 | -- |
| Interest Income Non Operating | 226,000 | 232,000 | 262,000 | 275,000 | 341,000 | -- |
| Net Interest Income | -239,000 | -253,000 | -189,000 | -196,000 | -1.2M | -- |
| Other Income Expense | -2.0M | -2.1M | -315,000 | 1.9M | 6.5M | -- |
| Special Income Charges | -2.6M | -167,000 | -203,000 | -152,000 | 6.9M | -- |
| Restructuring And Mergern Acquisition | 2.6M | 174,000 | 210,000 | 169,000 | 604,000 | -- |
| Gain On Sale Of Security | 602,000 | -1.9M | -112,000 | 2.1M | -360,000 | -- |
| Pretax Income | -3.3M | -6.5M | -616,000 | 4.1M | 7.1M | -- |
| Tax Provision | 157,000 | 106,000 | 45,000 | 77,000 | 23,000 | -- |
| Tax Effect Of Unusual Items | -297,450 | -311,850 | -47,250 | 35,646 | 21,060 | -- |
| Net Income From Continuing And Discontinued Operation | -3.5M | -6.6M | -661,000 | 4.0M | 7.1M | -- |
| Net Income From Continuing Operation Net Minority Interest | -3.5M | -6.6M | -661,000 | 4.0M | 7.1M | -- |
| Net Income Including Noncontrolling Interests | -3.5M | -6.6M | -661,000 | 4.0M | 7.1M | -- |
| Net Income Common Stockholders | -3.5M | -6.6M | -661,000 | 4.0M | 7.1M | -- |
| Net Income | -3.5M | -6.6M | -661,000 | 4.0M | 7.1M | -- |
| EBITDA | -1.3M | -4.5M | 1.3M | 6.6M | 10.1M | -- |
| Normalized EBITDA | 655,000 | -2.4M | 1.6M | 4.7M | 3.6M | -- |
| Reconciled Depreciation | 1.5M | 1.5M | 1.5M | 2.0M | 1.5M | -- |
| Basic EPS | -0.02 | -0.03 | 0.00 | 0.02 | 0.04 | -- |
| Diluted EPS | -0.02 | -0.03 | 0.00 | 0.02 | 0.03 | -- |
| Basic Average Shares | 191.0M | 190.5M | 191.6M | 193.4M | 193.0M | -- |
| Diluted Average Shares | 191.0M | 190.5M | 191.6M | 241.2M | 241.3M | -- |
| Total Unusual Items | -2.0M | -2.1M | -315,000 | 1.9M | 6.5M | -- |
| Total Unusual Items Excluding Goodwill | -2.0M | -2.1M | -315,000 | 1.9M | 6.5M | -- |
| Tax Rate For Calcs | 0.15 | 0.15 | 0.15 | 0.02 | 0.00 | -- |
| Normalized Income | -1.8M | -4.8M | -393,250 | 2.2M | 598,060 | -- |
| Average Dilution Earnings | -- | -- | -- | -- | 486,000 | 723,000 |
| Diluted NI Availto Com Stockholders | -3.5M | -6.6M | -661,000 | 2.0M | 7.6M | -- |
| Gain On Sale Of Ppe | -- | -- | -- | 0.00 | 0.00 | 0.00 |
| Impairment Of Capital Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Net Income Continuous Operations | -3.5M | -6.6M | -661,000 | 4.0M | 7.1M | -- |
| Net Non Operating Interest Income Expense | -239,000 | -253,000 | -189,000 | -196,000 | -1.2M | -- |
| Other Gand A | 4.4M | 5.7M | 5.5M | 5.1M | 5.8M | -- |
| Other Special Charges | -8,000 | -7,000 | -7,000 | -17,000 | -7.5M | -- |
| Reconciled Cost Of Revenue | 26.2M | 28.1M | 26.8M | 31.4M | 26.6M | -- |
| Salaries And Wages | 742,000 | 594,000 | 739,000 | 1.1M | 803,000 | -- |
| Selling And Marketing Expense | 4.8M | 5.3M | 5.2M | 5.8M | 5.2M | -- |
| Total Expenses | 38.8M | 43.1M | 41.4M | 46.5M | 41.6M | -- |
| Total Operating Income As Reported | -3.7M | -4.3M | -322,000 | 2.2M | 1.2M | -- |
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 | Q2 2024Jun 30, 2024 |
|---|---|---|---|---|---|---|
| Cash And Cash Equivalents | 26.1M | 23.1M | 28.4M | 29.3M | 23.6M | -- |
| Cash Cash Equivalents And Short Term Investments | 26.1M | 23.1M | 28.4M | 29.3M | 23.6M | -- |
| Accounts Receivable | 15.0M | 17.0M | 16.2M | 19.5M | 20.4M | -- |
| Receivables | 15.8M | 18.1M | 16.9M | 19.9M | 20.9M | -- |
| Inventory | 16.0M | 15.8M | 14.5M | 15.1M | 14.8M | -- |
| Other Current Assets | 3.2M | 3.4M | 2.7M | 2.6M | 3.6M | -- |
| Current Assets | 61.4M | 60.7M | 62.7M | 67.2M | 63.1M | -- |
| Gross PPE | 41.9M | 42.9M | 43.6M | 157.8M | 48.7M | -- |
| Accumulated Depreciation | -- | -- | -- | -112.2M | -- | -- |
| Net PPE | 41.9M | 42.9M | 43.6M | 45.6M | 48.7M | -- |
| Goodwill And Other Intangible Assets | 3.1M | 3.1M | 2.8M | 2.5M | 3.2M | -- |
| Other Intangible Assets | 3.1M | 3.1M | 2.8M | 2.5M | 3.2M | -- |
| Other Non Current Assets | 2.8M | 2.8M | 2.8M | 2.9M | 3.2M | -- |
| Total Non Current Assets | 47.8M | 48.8M | 49.2M | 51.1M | 55.1M | -- |
| Total Assets | 109.2M | 109.5M | 111.9M | 118.2M | 118.2M | -- |
| Current Debt | 12.1M | 12.3M | 11.7M | 281,000 | 295,000 | -- |
| Current Debt And Capital Lease Obligation | 17.9M | 18.1M | 17.5M | 6.3M | 6.4M | -- |
| Accounts Payable | 17.4M | 16.0M | 14.5M | 11.2M | 16.3M | -- |
| Payables | 17.7M | 16.1M | 14.5M | 12.8M | 16.4M | -- |
| Payables And Accrued Expenses | 17.7M | 16.1M | 14.5M | 16.4M | 16.4M | -- |
| Current Accrued Expenses | -- | -- | -- | 3.6M | -- | -- |
| Current Deferred Revenue | 5.8M | 3.4M | 3.7M | 4.0M | 3.5M | -- |
| Other Current Liabilities | 127,000 | 130,000 | 132,000 | -- | -- | -- |
| Current Liabilities | 44.1M | 41.0M | 38.8M | 29.6M | 29.0M | -- |
| Long Term Debt | 10.6M | 267,000 | 10.3M | 21.7M | 23.2M | -- |
| Long Term Debt And Capital Lease Obligation | 33.7M | 34.1M | 33.8M | 46.1M | 49.2M | -- |
| Long Term Capital Lease Obligation | 23.1M | 33.8M | 23.5M | 24.4M | 26.0M | -- |
| Total Non Current Liabilities Net Minority Interest | 33.7M | 34.1M | 33.8M | 46.1M | 49.2M | -- |
| Total Liabilities Net Minority Interest | 77.7M | 75.0M | 72.7M | 75.6M | 78.2M | -- |
| Common Stock | 215.1M | 214.5M | 214.7M | 219.0M | 218.9M | -- |
| Capital Stock | 215.1M | 214.5M | 214.7M | 219.0M | 218.9M | -- |
| Additional Paid In Capital | 10.6M | 10.1M | 9.8M | 8.2M | 7.6M | -- |
| Retained Earnings | -176.9M | -173.4M | -166.8M | -166.1M | -170.1M | -- |
| Gains Losses Not Affecting Retained Earnings | -17.3M | -16.7M | -18.5M | -18.5M | -16.3M | -- |
| Other Equity Adjustments | -17.3M | -16.7M | -18.5M | -18.5M | -16.3M | -- |
| Common Stock Equity | 31.5M | 34.5M | 39.2M | 42.6M | 40.0M | -- |
| Stockholders Equity | 31.5M | 34.5M | 39.2M | 42.6M | 40.0M | -- |
| Total Equity Gross Minority Interest | 31.5M | 34.5M | 39.2M | 42.6M | 40.0M | -- |
| Total Capitalization | 42.1M | 34.8M | 49.5M | 64.3M | 63.2M | -- |
| Net Tangible Assets | 28.3M | 31.4M | 36.4M | 40.0M | 36.8M | -- |
| Tangible Book Value | 28.3M | 31.4M | 36.4M | 40.0M | 36.8M | -- |
| Working Capital | 17.4M | 19.7M | 23.8M | 37.6M | 34.1M | -- |
| Invested Capital | 54.2M | 47.1M | 61.2M | 64.6M | 63.5M | -- |
| Total Debt | 51.6M | 52.2M | 51.3M | 52.3M | 55.6M | -- |
| Net Debt | -- | -- | -- | -- | -- | 6.6M |
| Share Issued | 191.8M | 190.4M | 189.7M | 193.6M | 193.4M | -- |
| Ordinary Shares Number | 191.8M | 190.4M | 189.7M | 193.6M | 193.4M | -- |
| Allowance For Doubtful Accounts Receivable | -76,000 | -100,000 | -99,000 | -99,000 | -100,000 | -- |
| Assets Held For Sale Current | -- | -- | -- | 0.00 | 0.00 | 0.00 |
| Capital Lease Obligations | 28.9M | 39.6M | 29.3M | 30.3M | 32.1M | -- |
| Current Capital Lease Obligation | 5.8M | 5.8M | 5.8M | 6.0M | 6.1M | -- |
| Current Deferred Liabilities | 7.4M | 5.7M | 5.9M | 6.1M | 5.2M | -- |
| Current Provisions | 858,000 | 864,000 | 849,000 | 899,000 | 917,000 | -- |
| Gross Accounts Receivable | 15.1M | 17.1M | 16.3M | 19.6M | 20.5M | -- |
| Income Tax Payable | 283,000 | 128,000 | 44,000 | 0.00 | 115,000 | -- |
| Inventories Adjustments Allowances | -- | -- | -- | -863,000 | -- | -- |
| Leases | -- | -- | -- | 36.8M | -- | -- |
| Line Of Credit | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 |
| Machinery Furniture Equipment | -- | -- | -- | 27.4M | -- | -- |
| Other Current Borrowings | 12.1M | 12.3M | 11.7M | 281,000 | 295,000 | -- |
| Other Payable | -- | -- | -- | 1.5M | -- | -- |
| Other Properties | 41.9M | 42.9M | 43.6M | 93.5M | 48.7M | -- |
| Other Receivables | 838,000 | 1.1M | 669,000 | 416,000 | 521,000 | -- |
| Properties | -- | -- | -- | 0.00 | -- | -- |
| Raw Materials | -- | -- | -- | 14.2M | -- | -- |
| Restricted Cash | 243,000 | 243,000 | 243,000 | 243,000 | 241,000 | -- |
| Total Tax Payable | 283,000 | 128,000 | 44,000 | 0.00 | 115,000 | -- |
| Work In Process | -- | -- | -- | 1.8M | -- | -- |
| Line Item | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 | Q4 2024Dec 31, 2024 | Q3 2024Sep 30, 2024 | Q2 2024Jun 30, 2024 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | 4.4M | -3.9M | 3.7M | 6.2M | 1.5M | -- |
| Cash Flow From Continuing Operating Activities | 4.4M | -3.9M | 3.7M | 6.2M | 1.5M | -- |
| Depreciation And Amortization | 1.5M | 1.5M | 1.5M | 2.0M | 1.5M | -- |
| Depreciation Amortization Depletion | 1.5M | 1.5M | 1.5M | 2.0M | 1.5M | -- |
| Stock Based Compensation | 742,000 | 594,000 | 739,000 | 1.1M | 803,000 | -- |
| Change In Working Capital | 6.0M | -1.4M | 1.7M | 1.7M | -2.6M | -- |
| Changes In Account Receivables | 2.0M | -632,000 | 3.3M | 593,000 | -2.6M | -- |
| Change In Receivables | 2.2M | -1.1M | 3.0M | 749,000 | -2.5M | -- |
| Change In Inventory | -422,000 | -727,000 | 651,000 | -1.1M | 327,000 | -- |
| Change In Payables And Accrued Expense | 1.8M | 1.3M | -1.7M | 624,000 | -781,000 | -- |
| Change In Other Working Capital | -- | -- | -371,000 | -- | -- | -- |
| Change In Other Current Liabilities | 2.3M | -256,000 | 29,000 | 605,000 | 371,000 | -- |
| Other Non Cash Items | 80,000 | 91,000 | 84,000 | 93,000 | 1.0M | -- |
| Capital Expenditure | -773,000 | -954,000 | -777,000 | -883,000 | -719,000 | -- |
| Purchase Of PPE | -283,000 | -503,000 | -298,000 | -427,000 | -310,000 | -- |
| Net PPE Purchase And Sale | -283,000 | -503,000 | -298,000 | -422,000 | -310,000 | -- |
| Investing Cash Flow | -780,000 | -979,000 | -729,000 | -741,000 | -596,000 | -- |
| Cash Flow From Continuing Investing Activities | -780,000 | -979,000 | -729,000 | -741,000 | -596,000 | -- |
| Repayment Of Debt | -122,000 | -94,000 | -96,000 | -163,000 | -16.2M | -- |
| Net Issuance Payments Of Debt | -122,000 | -94,000 | -96,000 | -163,000 | -16.2M | -- |
| Issuance Of Capital Stock | 0.00 | 0.00 | 0.00 | -1,000 | 0.00 | -- |
| Repurchase Of Capital Stock | -211,000 | -488,000 | -3.5M | -- | 0.00 | 0.00 |
| Net Common Stock Issuance | -211,000 | -488,000 | -3.5M | -40,000 | 0.00 | -- |
| Common Stock Payments | -211,000 | -488,000 | -3.5M | -- | 0.00 | 0.00 |
| Financing Cash Flow | -422,000 | -642,000 | -3.6M | -126,000 | -16.3M | -- |
| Cash Flow From Continuing Financing Activities | -422,000 | -642,000 | -3.6M | -126,000 | -16.3M | -- |
| Effect Of Exchange Rate Changes | -156,000 | 200,000 | -191,000 | 309,000 | -567,000 | -- |
| Changes In Cash | 3.2M | -5.5M | -654,000 | 5.4M | -15.3M | -- |
| Beginning Cash Position | 23.3M | 28.7M | 29.5M | 23.9M | 39.8M | -- |
| End Cash Position | 26.4M | 23.3M | 28.7M | 29.5M | 23.9M | -- |
| Free Cash Flow | 3.6M | -4.9M | 2.9M | 5.3M | 803,000 | -- |
| Income Tax Paid Supplemental Data | 1,000 | -- | 5,000 | 210,000 | 133,000 | 411,000 |
| Interest Paid Supplemental Data | 367,000 | 351,000 | 358,000 | 343,000 | 853,000 | -- |
| Asset Impairment Charge | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Capital Expenditure Reported | -490,000 | -451,000 | -479,000 | -456,000 | -409,000 | -- |
| Change In Prepaid Assets | 118,000 | -582,000 | 17,000 | 880,000 | 9,000 | -- |
| Common Stock Issuance | 0.00 | 0.00 | 0.00 | -1,000 | 0.00 | -- |
| Gain Loss On Sale Of PPE | -- | -- | -- | 0.00 | 0.00 | 0.00 |
| Long Term Debt Payments | -122,000 | -94,000 | -96,000 | -163,000 | -16.2M | -- |
| Net Foreign Currency Exchange Gain Loss | -492,000 | 1.8M | 256,000 | -2.7M | 1.1M | -- |
| Net Income From Continuing Operations | -3.5M | -6.6M | -661,000 | 4.0M | 7.1M | -- |
| Net Intangibles Purchase And Sale | 51,000 | 60,000 | 54,000 | 34,000 | 94,000 | -- |
| Net Long Term Debt Issuance | -122,000 | -94,000 | -96,000 | -163,000 | -16.2M | -- |
| Net Other Financing Charges | -89,000 | -60,000 | -1,000 | 77,000 | -32,000 | -- |
| Net Other Investing Changes | -58,000 | -85,000 | -6,000 | 103,000 | 29,000 | -- |
| Operating Gains Losses | -500,000 | 1.8M | 364,000 | -2.7M | -6.3M | -- |
| Sale Of Intangibles | 51,000 | 60,000 | 54,000 | 34,000 | 94,000 | -- |
| Sale Of PPE | 0.00 | 0.00 | -- | 5,000 | 0.00 | 10,000 |