Dirtt Environmental Solutions LTD
DIRTT Environmental Solutions Ltd. designs and manufactures prefabricated interior construction systems for adaptable commercial spaces, combining physical building components with its ICE design software. The company serves projects where speed, reconfigurability, and sustainability matter, including workplace, healthcare, education, and public-sector interiors.
Fiscal year 2025 · change from previous year
Development 2020–2025
Business
Share of revenueCore prefabricated interior construction products used to build adaptable interior spaces.
Proprietary design integration software licensed to partners and third parties.
Sales, design, estimating, and project delivery services supporting DIRTT projects.
Technology integrations, custom graphics, writable surfaces, and Breathe® Living Walls.
Products
Reported · share of revenue- Commercial57.8 %
- Health Care23.8 %
- Education8.1 %
- Government Contract6.7 %
- Services2.8 %
- Other0.8 %
Source: 10-K FY2025, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.
Customers
DIRTT sells primarily to commercial clients undertaking new builds or renovations, with strongest exposure to workplace, healthcare, education, and public-sector projects. Buyers include owner-occupiers, design teams, construction professionals, and strategic accounts with multi-site real estate footprints that value repeatability, speed, and lifecycle flexibility.
Large organizations with multi-site footprints that buy repeatable interior systems and lifecycle support to standardize design and speed execution.
Businesses and owner-managed companies buying interior solutions for offices and commercial renovations where speed and flexibility matter.
Hospitals and care providers buying adaptable interiors that support cleanliness, reconfiguration, and long-term use.
Schools and higher-education institutions buying interior systems for fast-turn projects and future reconfiguration.
Government and military customers buying durable, adaptable interiors for facilities with procurement and schedule constraints.
Strategy
DIRTT is focused on expanding repeatable, predictable revenue through strategic accounts and a broader go-to-market model that combines Construction Partners, local sales reps, and Construction Services. It is also using its manufacturing footprint and sourcing changes to mitigate tariff exposure while preserving the flexibility and sustainability advantages of its product system.
Large multi-site customers can generate repeat projects and more predictable revenue over time.
This channel increases sales capacity and opens markets without existing coverage.
Cross-border aluminum and raw-material flows can pressure gross margin and supply continuity.
Geography
Q1/2026DIRTT’s business is concentrated in North America, with principal markets in the United States and Canada and revenue derived almost entirely from projects in those regions. The company manufactures in Calgary, Alberta and Savannah, Georgia, and also has sales/partner presence in Saudi Arabia, Mexico, and the United Kingdom, which broadens market reach but does not appear to be a major revenue driver.
Share of the revenue the company reports by geography.
Risks
DIRTT faces cyclical construction demand, competitive pressure, and execution risk tied to winning projects through a partner-led sales model. Its cost base is exposed to tariffs, raw-material inflation, and cross-border sourcing, while software, data, and legal risks can affect operations and reputation.
- Tariffs and trade barriersImpact: HighLikelihood: High
DIRTT imports raw materials and moves products across the U.S.-Canada border, so tariffs can raise costs and reduce profitability.
Exposure: Aluminum and other raw materials sourced across North America
- Cyclical construction demandImpact: High
Revenue depends on commercial interior projects, which are delayed or cancelled when macro conditions weaken.
Exposure - Competitive adoption riskImpact: MediumLikelihood: Medium
Clients may not fully recognize the value of DIRTT's prefabricated and adaptable approach versus conventional construction.
Exposure: Specification and bid conversion
- Cybersecurity and IT systemsImpact: MediumLikelihood: Medium
DIRTT relies on software and digital tools to design and manufacture interiors, so system failures could disrupt operations.
Exposure: ICE software and internal systems
- Legal and contingent liabilitiesImpact: MediumLikelihood: Low
The company has ongoing litigation and warranty/claims exposure that could affect cash and earnings.
Exposure: Falkbuilt litigation and other contingencies
Accounting
Judgemental itemsInterior construction projects may recognize revenue over time or at milestones, affecting quarterly comparability.
Impact: Can shift reported revenue and margin between periods
Management must estimate liabilities for claims and disputes, which can change with project experience or litigation outcomes.
Impact: Can materially affect operating expenses and reserves
Manufacturing and office leases create fixed obligations that affect balance sheet leverage and cash flow presentation.
Impact: Impacts debt-like obligations and future cash commitments
Software, manufacturing assets, and other long-lived assets require periodic recoverability assessments.
Impact: Could lead to non-cash charges if assumptions weaken
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Last updated: 24/09/2026