Perma-Fix Environmental Services, Inc. (PESI) Balance Sheet
PESI balance sheet, 2025
December 31, 2025 · U.S. dollars$88.0M assets = $37.9M liabilities + $50.1M equity
Both columns are drawn to the same scale: what PESI owns equals what it owes plus shareholders’ equity. Hover a block for its value.
PESI financial health
Descriptive bands, not a rating. Fiscal 2025.
PESI balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $65.3M2016 | $88.0M2025 | +3.4%/yr | |
| Total liabilities | $34.5M2016 | $37.9M2025 | +1.1%/yr | |
| Shareholders’ equity | $31.6M2016 | $50.1M2025 | +5.3%/yr | |
| Cash & short-term investments | $163,0002016 | $11.8M2025 | +60.9%/yr | |
| Total debt | $8.8M2016 | $4.3M2025 | −7.6%/yr | |
| Net cash (debt) | −$8.7M2016 | $7.4M2025 | +$16.1M | |
| Working capital | −$2.1M2016 | $13.8M2025 | +$15.9M | |
| Book value per share | $2.722016 | $2.722025 | −0.0%/yr | |
| Current ratio | 0.872016 | 1.612025 | +0.74 | |
| Debt / equity | 0.282016 | 0.092025 | −0.19 | |
| Shares outstanding | 11.6M2016 | 18.5M2025 | +5.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
PESI assets
PESI liabilities and equity
PESI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
PESI balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $11.8M | $29.0M | $7.5M | $1.9M | $4.4M | $7.9M | $390,000 | $810,000 | $1.1M | $163,000 |
| Cash & equivalents | $11.8M | $29.0M | $7.5M | $1.9M | $4.4M | $7.9M | $390,000 | $810,000 | $1.1M | $163,000 |
| Short-term investments | — | — | — | — | — | — | — | — | $0 | $0 |
| Receivables | $20.0M | $16.6M | $18.2M | $15.4M | $20.4M | $24.1M | $21.2M | $10.8M | $12.5M | $11.6M |
| Inventory | $1.6M | $1.4M | $1.2M | $814,000 | $680,000 | $610,000 | $487,000 | $449,000 | $393,000 | $370,000 |
| Other current assets | $3.0M | $3.3M | $3.8M | $5.4M | $4.5M | $4.0M | $3.1M | $2.7M | $3.4M | $2.4M |
| Total current assets | $36.4M | $50.2M | $30.6M | $23.5M | $30.0M | $36.6M | $25.1M | $14.8M | $17.3M | $14.6M |
| Property, plant & equipment (net) | $146,000 | $22.8M | $21.0M | $20.9M | $21.1M | $20.1M | $19.1M | $15.7M | $14.9M | $17.1M |
| Goodwill & intangible assets | $11.1M | $10.9M | $10.4M | $26.4M | $10.4M | $22.1M | $22.2M | $26.7M | $19.8M | $20.4M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $15.7M | $21.5M |
| Other non-current assets | $40.4M | $13.3M | $16.8M | $81,000 | $15.9M | $81,000 | $117,000 | $199,000 | $0 | $0 |
| Total assets | $88.0M | $97.2M | $78.7M | $70.9M | $77.3M | $78.9M | $66.5M | $57.4M | $59.5M | $65.3M |
| Liabilities | ||||||||||
| Accounts payable | $7.0M | $6.4M | $9.6M | $10.3M | $12.0M | $15.4M | $9.3M | $5.5M | $3.5M | $4.2M |
| Short-term debt | $1.3M | $1.2M | $1.4M | $1.0M | $1.1M | $4.4M | $2.0M | $1.4M | $1.2M | $1.2M |
| Deferred revenue | $7.0M | $6.7M | $6.8M | $4.8M | $5.6M | $4.6M | $5.5M | $6.6M | $4.3M | $2.7M |
| Total current liabilities | $22.6M | $21.9M | $25.9M | $22.7M | $25.9M | $33.0M | $25.1M | $21.5M | $19.6M | $16.7M |
| Long-term debt | $1.3M | $1.8M | $2.0M | $563,000 | $600,000 | $3.1M | $3.0M | $2.4M | $2.7M | $7.6M |
| Lease obligations | $2.5M | $2.5M | $3.1M | $2.5M | $3.7M | $3.5M | $3.5M | $449,000 | — | — |
| Other long-term liabilities | $14.0M | $11.2M | $11.4M | $10.1M | $10.2M | $10.4M | $9.1M | $7.4M | $10.1M | $10.1M |
| Total liabilities | $37.9M | $34.9M | $39.4M | $33.4M | $36.7M | $46.5M | $37.3M | $31.3M | $32.4M | $34.5M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $18,000 | $18,000 | $14,000 | $13,000 | $13,000 | $12,000 | $12,000 | $12,000 | $105.6M | $106.1M |
| Retained earnings (deficit) | −$110.7M | −$96.9M | −$77.0M | −$77.4M | −$73.6M | −$74.5M | −$77.3M | −$79.6M | −$77.9M | −$74.2M |
| Treasury stock | — | — | — | −$88,000 | — | −$88,000 | −$88,000 | −$88,000 | −$88,000 | −$88,000 |
| Accumulated other comprehensive income | −$134,000 | −$200,000 | −$100,000 | −$165,000 | −$28,000 | −$207,000 | −$211,000 | −$214,000 | −$112,000 | −$162,000 |
| Minority interest | — | — | — | — | — | −$1.7M | −$1.6M | −$1.5M | −$1.2M | −$725,000 |
| Total shareholders' equity | $50.1M | $62.4M | $39.4M | $37.5M | $40.6M | $34.2M | $30.9M | $27.6M | $28.3M | $31.6M |
| Key figures | ||||||||||
| Total debt | $4.3M | $4.9M | $5.9M | $3.5M | $4.6M | $10.3M | $7.4M | $3.8M | $3.8M | $8.8M |
| Net cash (debt) | $7.4M | $24.1M | $1.6M | −$1.6M | −$205,000 | −$2.3M | −$7.0M | −$2.9M | −$2.8M | −$8.7M |
| Working capital | $13.8M | $28.3M | $4.6M | $818,000 | $4.1M | $3.7M | $26,000 | −$6.8M | −$2.3M | −$2.1M |
| Tangible book value | $39.1M | $51.5M | $29.0M | $11.2M | $30.2M | $12.1M | $8.7M | $882,000 | $8.5M | $11.2M |
| Book value per share | $2.72 | $4.14 | $2.87 | $2.83 | $3.20 | $2.77 | $2.56 | $2.33 | $2.42 | $2.72 |
| Shares outstanding | 18.5M | 15.1M | 13.7M | 13.3M | 12.7M | 12.3M | 12.1M | 11.9M | 11.7M | 11.6M |
| Current ratio | 1.61 | 2.29 | 1.18 | 1.04 | 1.16 | 1.11 | 1.00 | 0.69 | 0.88 | 0.87 |
| Quick ratio | 1.41 | 2.08 | 0.99 | 0.76 | 0.96 | 0.97 | 0.86 | 0.54 | 0.69 | 0.70 |
| Debt / equity | 0.09 | 0.08 | 0.15 | 0.09 | 0.11 | 0.30 | 0.24 | 0.14 | 0.14 | 0.28 |
| Equity / assets | 57.0% | 64.2% | 50.0% | 52.9% | 52.5% | 43.3% | 46.4% | 48.1% | 47.6% | 48.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $20.5M | $6.7M | $11.8M | $16.4M | $22.6M | $25.7M | $29.0M | $10.6M | $18.1M | $2.4M | $7.5M | $2.0M |
| Cash & equivalents | $20.5M | $6.7M | $11.8M | $16.4M | $22.6M | $25.7M | $29.0M | $10.6M | $18.1M | $2.4M | $7.5M | $2.0M |
| Receivables | $19.6M | $17.2M | $20.0M | $20.3M | $14.8M | $14.5M | $16.6M | $16.0M | $13.5M | $17.5M | $18.2M | $24.7M |
| Inventory | $2.5M | $1.9M | $1.6M | $1.1M | $1.4M | $1.3M | $1.4M | $1.1M | $965,000 | $1.1M | $1.2M | $1.0M |
| Other current assets | $3.1M | $3.6M | $3.0M | $4.5M | $3.3M | $3.9M | $3.3M | $4.4M | $2.9M | $4.0M | $3.8M | $4.5M |
| Total current assets | $45.8M | $29.4M | $36.4M | $42.3M | $42.1M | $45.4M | $50.2M | $32.1M | $35.5M | $24.9M | $30.6M | $32.2M |
| Property, plant & equipment (net) | $29.9M | $26.4M | $146,000 | $24.1M | $23.4M | $23.0M | $22.8M | $22.2M | $21.4M | $20.8M | $21.0M | $20.8M |
| Goodwill & intangible assets | $11.3M | $11.2M | $11.1M | $11.0M | $11.0M | $11.0M | $10.9M | $10.9M | $10.8M | $10.4M | $10.4M | $10.1M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $14.8M | $14.7M | $40.4M | $13.8M | $13.7M | $13.5M | $13.3M | $13.0M | $19.3M | $17.9M | $16.8M | $16.4M |
| Total assets | $101.8M | $81.7M | $88.0M | $91.2M | $90.2M | $92.9M | $97.2M | $78.2M | $87.0M | $74.0M | $78.7M | $79.5M |
| Liabilities | ||||||||||||
| Accounts payable | $9.1M | $6.8M | $7.0M | $6.4M | $5.2M | $6.5M | $6.4M | $7.7M | $9.1M | $8.0M | $9.6M | $9.6M |
| Short-term debt | $1.6M | $1.4M | $1.3M | $1.1M | $1.2M | $1.2M | $1.2M | $1.2M | $1.2M | $1.3M | $1.4M | $1.5M |
| Deferred revenue | $8.7M | $6.8M | $7.0M | $7.1M | $7.0M | $5.9M | $6.7M | $5.4M | $5.8M | $7.3M | $6.8M | $7.8M |
| Total current liabilities | $27.4M | $23.5M | $22.6M | $23.9M | $20.7M | $20.8M | $21.9M | $22.7M | $22.7M | $24.7M | $25.9M | $27.5M |
| Long-term debt | $1.4M | $1.2M | $1.3M | $1.4M | $1.5M | $1.6M | $1.8M | $1.9M | $1.7M | $1.9M | $2.0M | $2.1M |
| Lease obligations | $3.2M | $2.3M | $2.5M | $2.2M | $2.4M | $2.5M | $2.5M | $2.7M | $3.3M | $2.9M | $3.1M | $2.8M |
| Other long-term liabilities | $14.8M | $14.0M | $14.0M | $10.6M | $11.2M | $11.3M | $11.2M | $11.2M | $11.6M | $11.3M | $11.4M | $11.1M |
| Total liabilities | $43.5M | $38.7M | $37.9M | $35.8M | $33.4M | $33.7M | $34.9M | $35.8M | $36.0M | $37.8M | $39.4M | $40.7M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $21,000 | $18,000 | $18,000 | $18,000 | $18,000 | $18,000 | $18,000 | $16,000 | $16,000 | $14,000 | $14,000 | $14,000 |
| Retained earnings (deficit) | −$124.4M | −$118.2M | −$110.7M | −$105.1M | −$103.2M | −$100.5M | −$96.9M | −$93.4M | −$84.5M | −$80.5M | −$77.0M | −$77.0M |
| Accumulated other comprehensive income | −$159,000 | −$158,000 | −$134,000 | −$136,000 | −$141,000 | −$183,000 | −$200,000 | −$168,000 | −$187,000 | −$156,000 | −$100,000 | −$169,000 |
| Total shareholders' equity | $58.3M | $43.0M | $50.1M | $55.4M | $56.8M | $59.2M | $62.4M | $42.4M | $51.0M | $36.2M | $39.4M | $38.8M |
| Key figures | ||||||||||||
| Total debt | $5.2M | $4.1M | $4.3M | $4.1M | $4.4M | $4.7M | $4.9M | $5.2M | $5.5M | $5.5M | $5.9M | $5.8M |
| Net cash (debt) | $15.3M | $2.6M | $7.4M | $12.3M | $18.2M | $21.0M | $24.1M | $5.4M | $12.6M | −$3.1M | $1.6M | −$3.8M |
| Working capital | $18.4M | $5.9M | $13.8M | $18.4M | $21.5M | $24.6M | $28.3M | $9.4M | $12.8M | $255,000 | $4.6M | $4.7M |
| Tangible book value | $47.0M | $31.8M | $39.1M | $44.4M | $45.9M | $48.2M | $51.5M | $31.5M | $40.1M | $25.8M | $29.0M | $28.7M |
| Book value per share | $2.94 | $2.32 | $2.71 | $3.00 | $3.08 | $3.21 | $3.85 | $2.68 | $3.49 | $2.65 | $2.85 | $2.78 |
| Shares outstanding | 19.8M | 18.5M | 18.5M | 18.5M | 18.4M | 18.4M | 16.2M | 15.8M | 14.6M | 13.7M | 13.8M | 14.0M |
| Current ratio | 1.67 | 1.25 | 1.61 | 1.77 | 2.04 | 2.18 | 2.29 | 1.42 | 1.56 | 1.01 | 1.18 | 1.17 |
| Quick ratio | 1.47 | 1.01 | 1.41 | 1.54 | 1.81 | 1.93 | 2.08 | 1.17 | 1.39 | 0.81 | 0.99 | 0.97 |
| Debt / equity | 0.09 | 0.10 | 0.09 | 0.07 | 0.08 | 0.08 | 0.08 | 0.12 | 0.11 | 0.15 | 0.15 | 0.15 |
| Equity / assets | 57.3% | 52.6% | 57.0% | 60.7% | 63.0% | 63.7% | 64.2% | 54.2% | 58.6% | 48.9% | 50.0% | 48.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 24, 2026); data from EODHD.
PESI financial position
At the end of fiscal 2025 (December 31, 2025), Perma-Fix Environmental Services had total assets of $88.0 million (down 9.5% from a year earlier), total liabilities of $37.9 million and shareholders' equity of $50.1 million. It held $11.8 million in cash and short-term investments against $4.3 million of debt, a net cash position of $7.4 million. Its current ratio was 1.61. In the latest quarter (ended June 30, 2026) total assets were $101.8 million and equity $58.3 million.
Related: PESI income statement, PESI cash flow statement, PESI key metrics. See the PESI stock overview for the latest quote and news.
PESI balance sheet FAQ
What are Perma-Fix Environmental Services's total assets?
Perma-Fix Environmental Services reported total assets of $88.0 million at the end of fiscal 2025 (December 31, 2025), compared with $97.2 million a year earlier.
How much debt does Perma-Fix Environmental Services have?
Perma-Fix Environmental Services had $4.3 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.09.
How much cash does Perma-Fix Environmental Services have?
Perma-Fix Environmental Services held $11.8 million in cash and short-term investments at the end of fiscal 2025; with $4.3 million of debt that is net cash of $7.4 million.
What is Perma-Fix Environmental Services's book value?
Perma-Fix Environmental Services's shareholders' equity (book value) was $50.1 million at the end of fiscal 2025, or $2.72 per share.
What is Perma-Fix Environmental Services's current ratio?
Perma-Fix Environmental Services had current assets of $36.4 million and current liabilities of $22.6 million, a current ratio of 1.61 (it can cover its short-term obligations).
How much goodwill does Perma-Fix Environmental Services have?
Perma-Fix Environmental Services carried $11.1 million of goodwill and intangible assets, 12.6% of total assets, at the end of fiscal 2025.