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.

−3,0 %

32,8 %

−8,6 %

−3,1 %

1.10

0.82

— Dirtt Environmental Solutions LTD
%
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.

DIRTT sells primarily to commercial clients undertaking new builds or renovations, with strongest exposure to...

  • Strategic accountsprimary

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

  • Workplace / commercial clientsprimary

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

  • Healthcaresecondary

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

  • Educationsecondary

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

  • Public sectorsecondary

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

DIRTT’s business is concentrated in North America, with principal markets in the United States and Canada and revenue...

  • Revenue is derived almost entirely from North American projects
  • Principal markets are the United States and Canada
  • Manufacturing facilities are in Calgary and Savannah
  • Sales partners also operate in Saudi Arabia, Mexico, and the UK
  • Tariffs and cross-border sourcing directly affect margins and supply chain

DIRTT is focused on expanding repeatable, predictable revenue through strategic accounts and a broader go-to-market...

01
Expand strategic accountsmedium-term

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

02
Scale Construction Servicesshort-term

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

03
Mitigate tariff and sourcing riskshort-term

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

DIRTT faces cyclical construction demand, competitive pressure, and execution risk tied to winning projects through a...

high

Tariffs and trade barriers

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

Scope
Aluminum and other raw materials sourced across North America
Materiality
high
high

Cyclical construction demand

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

Scope
Workplace, healthcare, education, and public-sector projects
Materiality
high
medium

Competitive adoption risk

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

Scope
Specification and bid conversion
Materiality
medium
medium

Cybersecurity and IT systems

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

Scope
ICE software and internal systems
Materiality
medium
medium

Legal and contingent liabilities

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

Scope
Falkbuilt litigation and other contingencies
Materiality
medium
Revenue recognition on project contracts
Can shift reported revenue and margin between periods
Warranty, legal claims, and contingencies
Can materially affect operating expenses and reserves
Lease liabilities
Impacts debt-like obligations and future cash commitments
Impairment and valuation judgments
Could lead to non-cash charges if assumptions weaken

: 28.4.2026