DIRTT Environmental Solutions Ltd
dirtt.netWhat Do They Do?
Makes modular interior products and digital design tools for commercial, healthcare, education, and government organizations.
10-K for FY2025, filed Feb 25, 2026Our approach to industrialized construction combines a portfolio of interior construction products with advanced digital tools. ICE…View ↗
Our array of products and integrations give our clients the tools to create high-performing interiors that stay relevant as consumer needs…View ↗
DIRTT has one reportable segment: solutions. The DIRTT solutions segment derives revenues from customers by providing physical products and…View ↗
How Do They Make Money?
Construction Partners typically order products directly from DIRTT; some orders include a deposit, with the balance generally due after shipment. Customers pay for installation and other services as the work is performed.
10-K for FY2025, filed Feb 25, 2026Our Construction Partners operate under agreements that outline sales goals and marketing territories which are generally non-exclusive. We…View ↗
The Company recognizes revenue upon transfer of control of products to the customer, which typically occurs upon shipment. The Company’s…View ↗
The Company’s standard sales terms are Free On Board shipping point, which comprise the majority of sales. The Company usually requires a…View ↗
The Company provides installation and other services for certain customers as a distinct performance obligation. Revenue from installation…View ↗
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10-K for FY2025, filed Feb 25, 2026
FY2025 revenue by product or service ↗
$168.9M
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10-K for FY2025, filed Feb 25, 2026
$168.9M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Product [ Member]
Sold outright
10-K for FY2025, filed Feb 25, 2026 |
97%
FY2022: 97%
|
Product [ Member], FY2025
$164.1M Sources
|
Sold outright |
|
Service
Recurring
|
2.8%
FY2022: 3.4%
|
Service, FY2025
$4.8M Sources
|
Recurring |
Who Are Their Customers?
Organizations in commercial, healthcare, education, government, and other projects are end clients. DIRTT sells mainly through Construction Partners working with local sales representatives; partners typically order directly from DIRTT, while its Construction Services team also sells and delivers projects.
10-K for FY2025, filed Feb 25, 2026We primarily sell DIRTT Solutions through a network of Construction Partners working in conjunction with local DIRTT sales representatives…View ↗
Our Construction Partners operate under agreements that outline sales goals and marketing territories which are generally non-exclusive. We…View ↗
In 2024, we launched an additional go-to-market channel called Construction Services (previously referred to as Integrated Solutions). This…View ↗
Our revenue opportunities primarily come from commercial projects, including both new construction projects and renovations of existing…View ↗
Do Revenues Turn Into Profits?
No. It lost $14.4M in FY2025.
10-K for FY2025, filed Feb 25, 2026
−$11.3MView ↗
10-K for FY2025, filed Feb 25, 2026
−$14.4MView ↗
10-K for FY2025, filed Feb 25, 2026
−$1.8MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Jul 29, 2026
$1.1MView ↗
- ▲ Now profitable
- vs −$6.6M in Q2 FY2025
10-Q for Q2 FY2026, filed Jul 29, 2026
Open tableView ↗
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Jul 29, 2026
Updated revenue and adjusted earnings outlook
The updated outlook calls for 2026 revenue of $175.0 million to $185.0 million.
Sources
8-K, filed Jul 29, 2026
Fareeha Khan, chief financial officer, added “During the second quarter, we continued to make progress on our transformation initiatives…View ↗
Growing. Revenue grew 14% in 4 years, from $147.6M in FY2021 to $168.9M in FY2025, about 3% a year.
Added Construction Services
The latest report describes an internal Construction Services channel providing sales, design, estimating, and project delivery alongside or independently of partners and sales representatives; the older report describes distribution through an internal sales team and partners.
10-K for FY2022, filed Feb 22, 2023 10-K for FY2025, filed Feb 25, 2026We work with some of the most innovative clients, design teams, and construction professionals. We reach our clients through an internal…View ↗
Who Do They Compete With?
Competes with Teknion, Haworth, Allsteel, and Steelcase Canada
10-K for FY2025, filed Feb 25, 2026The overall market for interior construction is fragmented and highly competitive. The principal competitive factors in the interior…View ↗
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