DRTTFOTCServices-Prepackaged SoftwareUS GAAP · USD

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.

Kysy yhtiöstä
Liikevaihto169milj. USD
−3,1 %v/v
Liikevoitto (EBIT)−11,3milj. USD
−367,5 %v/v
EBIT-marginaali−6,7%
−9,1 %-yks.v/v
Nettotulos−14,4milj. USD
−197,8 %v/v
Vapaa kassavirta−1,8milj. USD
−129,8 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−100−50050100150200milj. USD2020: 172 milj. USD2020: EBIT −21 milj. USD20202021: 148 milj. USD2021: EBIT −62 milj. USD20212022: 172 milj. USD2022: EBIT −59 milj. USD20222023: 182 milj. USD2023: EBIT −17 milj. USD20232024: 174 milj. USD2024: EBIT 4,2 milj. USD20242025: 169 milj. USD2025: EBIT −11 milj. USD2025169−11
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: Dirtt Environmental Solutions LTD

Liiketoiminta

Osuus liikevaihdosta
DIRTT Solutions80 %

Core prefabricated interior construction products used to build adaptable interior spaces.

ICE Software10 %

Proprietary design integration software licensed to partners and third parties.

Construction Services7 %

Sales, design, estimating, and project delivery services supporting DIRTT projects.

Integrations and Specialty Products3 %

Technology integrations, custom graphics, writable surfaces, and Breathe® Living Walls.

Tuotteet

Raportoitu · osuus liikevaihdosta
57,8%23,8%FY2025100 %
  • Commercial57,8 %
  • Health Care23,8 %
  • Education8,1 %
  • Government Contract6,7 %
  • Services2,8 %
  • Muut0,8 %

Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

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.

Strategic accounts

Large organizations with multi-site footprints that buy repeatable interior systems and lifecycle support to standardize design and speed execution.

Workplace / commercial clients

Businesses and owner-managed companies buying interior solutions for offices and commercial renovations where speed and flexibility matter.

Healthcare

Hospitals and care providers buying adaptable interiors that support cleanliness, reconfiguration, and long-term use.

Education

Schools and higher-education institutions buying interior systems for fast-turn projects and future reconfiguration.

Public sector

Government and military customers buying durable, adaptable interiors for facilities with procurement and schedule constraints.

Strategia

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.

Expand strategic accountsKeskipitkä aikaväli

Large multi-site customers can generate repeat projects and more predictable revenue over time.

Scale Construction ServicesLyhyt aikaväli

This channel increases sales capacity and opens markets without existing coverage.

Mitigate tariff and sourcing riskLyhyt aikaväli

Cross-border aluminum and raw-material flows can pressure gross margin and supply continuity.

Maantiede

Q1/2026

DIRTT’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.

USA86 %
Kanada14 %

Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.

Riskit

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.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Tariffs and trade barriers1Competitive adoption risk3Cybersecurity and IT systems4Legal and contingent liabilities5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Tariffs and trade barriersVaikutus: KorkeaTodennäköisyys: Korkea

    DIRTT imports raw materials and moves products across the U.S.-Canada border, so tariffs can raise costs and reduce profitability.

    Kohdistuu: Aluminum and other raw materials sourced across North America

  2. Cyclical construction demandVaikutus: Korkea

    Revenue depends on commercial interior projects, which are delayed or cancelled when macro conditions weaken.

    KohdistuuWorkplaceHealthcareEducationPublic-sector projects
  3. Competitive adoption riskVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Clients may not fully recognize the value of DIRTT's prefabricated and adaptable approach versus conventional construction.

    Kohdistuu: Specification and bid conversion

  4. Cybersecurity and IT systemsVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    DIRTT relies on software and digital tools to design and manufacture interiors, so system failures could disrupt operations.

    Kohdistuu: ICE software and internal systems

  5. Legal and contingent liabilitiesVaikutus: KeskitasoTodennäköisyys: Matala

    The company has ongoing litigation and warranty/claims exposure that could affect cash and earnings.

    Kohdistuu: Falkbuilt litigation and other contingencies

Kysy Clarifolta: Dirtt Environmental Solutions LTD

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition on project contracts

Interior construction projects may recognize revenue over time or at milestones, affecting quarterly comparability.

Vaikutus: Can shift reported revenue and margin between periods

Warranty, legal claims, and contingencies

Management must estimate liabilities for claims and disputes, which can change with project experience or litigation outcomes.

Vaikutus: Can materially affect operating expenses and reserves

Lease liabilities

Manufacturing and office leases create fixed obligations that affect balance sheet leverage and cash flow presentation.

Vaikutus: Impacts debt-like obligations and future cash commitments

Impairment and valuation judgments

Software, manufacturing assets, and other long-lived assets require periodic recoverability assessments.

Vaikutus: Could lead to non-cash charges if assumptions weaken

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Päivitetty: 24.9.2026