DIRTT reported second-quarter 2026 revenue of $40.3 million and adjusted EBITDA of $4.7 million, marking an improvement from Q2 2025. The company posted net income after tax of $1.1 million and gross profit of $14.0 million (34.7% margin) for the quarter. Management updated 2026 guidance to revenue of $175.0–$185.0 million and adjusted EBITDA of $21.0–$25.0 million.

Financial Highlights

  • Revenue: $40.3 million for the three months ended June 30, 2026 (up 4% vs. Q2 2025).
  • Gross profit: $14.0 million; gross profit margin 34.7% for Q2 2026.
  • Operating income: $1.3 million for the quarter ended June 30, 2026.
  • Net income after tax: $1.1 million for Q2 2026 (compared to a $6.6 million loss in Q2 2025).
  • Adjusted EBITDA: $4.7 million, or 11.8% of revenue, for Q2 2026.

Business Highlights

  • Improved adjusted gross profit margin to 37.0% (adjusted gross profit $14.9 million), driven largely by lower tariff and tariff mitigation costs.
  • Sales and marketing, general and administrative, operations support, and technology expenses all declined year-over-year, reflecting ongoing transformation and cost optimization.
  • Construction Services is positioned as a growing commercial channel, offering greater revenue visibility and contributing to business development activity.
  • Management continues transformation initiatives focused on process standardization, partner enablement, and commercial execution to strengthen pipeline quality and forecasting discipline.
  • Litigation: ongoing trial against former employees and Falkbuilt commenced in February 2026, with additional trial weeks in July 2026; management is pursuing damages in multiple jurisdictions.

Original SEC Filing:

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