Forensic Analysis · General / Diversified · as of Aug 12, 2026

Perma Fix Environmental Services Inc (PESI)

A forensic read on Perma Fix Environmental Services Inc built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

D · Weak — demands caution

Forensic grade

Grey Zone

Financial health

6.3

Distress distance

Watch

Earnings quality

Forensic signals

-18.8

P / E (ttm)

-27.5%

ROE

$370M

Market cap

0.00%

Dividend yield

-98.9%

Revenue growth

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Perma Fix Environmental Services Inc earns a D (Weak — demands caution) forensic quality grade, and its balance-sheet distress test reads 6.3, placing it in the Grey zone. 3 forensic signals were flagged in its latest SEC filings, led by share-count dilution.

What the filings flag

+11.6%/yr

FY2022–FY2025

Share-count dilution. Diluted share count changed +39% over the last 3 years to FY2025 (+11.6%/yr). The count is growing: more stock was issued than repurchased over this window, so aggregate results grew faster than their per-share equivalents. That's ~11.6% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2022 has been diluted ~28%.

127% of rev

FY2025

Stock-based comp load. Stock-based compensation ran 127% of revenue in FY2025 — about $0.04 per diluted share. The cost of it is not in the cash flow — no cash left the business — it is in the count: holders gave up about 11.9% of the company a year, and that rate is not falling. That is the figure to weigh, not the share of free cash flow.

6483d DSO

FY2024→FY2025

Receivables vs revenue. Days sales outstanding moved from 38 to 6483 days FY2024→FY2025 (receivables -3% vs revenue -99%). Receivables are creeping up relative to sales. Across FY2021–FY2025 the day count ran 63 → 63 → 21 → 38 → 6483 days, so the latest reading sits on top of a record that was flat or falling before it — one year's move, not a direction the business has been travelling in.

Key fundamentals

Latest Revenue$642,000.00

Revenue Growth YoY-98.9%

Net Margin-2147.0%

Free Cash Flow-$15.5M

Return on Equity-27.5%

Debt / Equity0.04x

The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Perma Fix Environmental Services Inc's actual 10-K/10-Q/8-K filings?

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Data from SEC EDGAR public filings · metrics as of Aug 12, 2026. Forensic signals flag probability, not certainty.