DRTTF on OTC

DIRTT ENVIRONMENTAL SOLUTIONS LTD

Canadian prepackaged software services company based in Calgary.

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Last updated Oct 18, 2026.

Overview

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  • TickerDRTTF on OTC
  • IndustryServices-Prepackaged Software
  • HeadquartersCalgary, Canada
  • Incorporated inAlberta, Canada2
  • Business address7303 30 St S E, Calgary Alberta T2C 1N6 Can2
  • Filer categoryNon-accelerated filer, Smaller reporting company2

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

32.8%Gross margin3
-6.7%Operating margin3
-8.6%Net margin3
-3.1%Revenue growth, 20253
-50.6%Return on equity3
0.01×Debt to equity3
-$1.8MFree cash flow3

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Product One brought in 45% of the revenue DIRTT ENVIRONMENTAL SOLUTIONS LTD broke down this way in fiscal 2025.

  1. Product One$146.4M345%down 4% from 2024
  2. Commercial$98.0M330%down 19% from 2024
  3. Health Care$40.3M312%up 90% from 2024
  4. Transportation$17.0M35%up 6% from 2024
  5. Education$13.8M34%up 52% from 2024
  6. Government Contract$11.3M33%down 34% from 2024
  7. License$719.0K30%down 3% from 2024
  8. License Fees From Distribution Partners$719.0K30%down 3% from 2024
Products and services by year
Products and services202320242025
Product One$158.4M$152.9M$146.4M
Commercial$116.7M$121.5M$98.0M
Health Care$34.0M$21.2M$40.3M
Transportation$17.7M$16.1M$17.0M
Education$12.0M$9.1M$13.8M
Government Contract$13.4M$17.1M$11.3M
License$840.0K$738.0K$719.0K
License Fees From Distribution Partners$840.0K$738.0K$719.0K

Regions

United States brought in 88% of the revenue DIRTT ENVIRONMENTAL SOLUTIONS LTD broke down this way in fiscal 2025.

  1. United States$149.4M388%down 1% from 2024
  2. Canada$19.4M312%down 19% from 2024
Regions by year
Regions202320242025
United States$162.0M$150.4M$149.4M
Canada$19.9M$23.9M$19.4M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue67¢$113.4M
  • Other costs33¢$54.9M
  • Income tax0¢$507.0K

Out of $168.9M in revenue.3 The company lost money this year.

Financial statements

Revenue45673$168.9M in 2025−32% since 2019
0$100.0M$200.0M$300.0M2019: $247.7M$247.7M20192020: $171.5M$171.5M2020−31%2021: $147.6M$147.6M2021−14%2022: $172.2M$172.2M2022+17%2023: $181.9M$181.9M2023+6%2024: $174.3M$174.3M2024−4%2025: $168.9M$168.9M2025−3%
Gross profit45673$55.4M in 2025−36% since 2019
0$25.0M$50.0M$75.0M$100.0M2019: $86.4M$86.4M20192020: $53.3M$53.3M2020−38%2021: $23.5M$23.5M2021−56%2022: $28.2M$28.2M2022+20%2023: $59.5M$59.5M2023+111%2024: $64.4M$64.4M2024+8%2025: $55.4M$55.4M2025−14%
Operating income45673-$11.3M in 2025+361% since 2019
-$80.0M-$60.0M-$40.0M-$20.0M0$20.0M2019: -$2.5M-$2.5M20192020: -$21.3M-$21.3M2020+768%2021: -$61.9M-$61.9M2021+191%2022: -$59.0M-$59.0M2022−5%2023: -$16.6M-$16.6M2023−72%2024: $4.2M$4.2M20242025: -$11.3M-$11.3M2025
Net income45673-$14.4M in 2025+229% since 2019
-$60.0M-$40.0M-$20.0M0$20.0M2019: -$4.4M-$4.4M20192020: -$11.3M-$11.3M2020+157%2021: -$53.7M-$53.7M2021+375%2022: -$55.0M-$55.0M2022+2%2023: -$14.6M-$14.6M2023−73%2024: $14.8M$14.8M20242025: -$14.4M-$14.4M2025

Every line of the income statement as filed: the last 3 fiscal years, latest first.3

Period ending2025-12-312024-12-312023-12-31
Total revenue$168.9M$174.3M$181.9M
Total cost of sales$113.4M$109.9M$122.4M
Gross profit$55.4M$64.4M$59.5M
Sales and marketing$20.6M$22.9M$25.2M
General and administrative$23.6M$19.9M$21.7M
Operations support$7.9M$7.4M$7.8M
Reorganization$4.9M$1.1M$3.0M
Technology and development$4.6M$5.3M$5.8M
Stock-based compensation$3.0M$3.0M$2.3M
mpairment charge on lease facilities (refer Note 5)$2.9M$530.0K$8.7M
Gain on disposal of lease-$858.0K$0$0
Related party expense$0$0$1.5M
Total operating expenses$66.8M$60.1M$76.1M
Operating (loss) income-$11.3M$4.2M-$16.6M
Interest income$941.0K$1.6M$490.0K
Gain on extinguishment of convertible debt$24.0K$10.4M$0
Foreign exchange (loss) gain-$1.7M$3.0M-$626.0K
Interest expense-$1.9M-$4.0M-$4.9M
Government subsidies$0$0$236.0K
Gain on sale of software and patents$0$0$7.1M
Nonoperating Income (Expense)-$2.6M$11.0M$2.3M
Net (loss) income before tax-$13.9M$15.2M-$14.3M
Current and deferred income tax expense$507.0K$448.0K$332.0K
Net (loss) income after tax-$14.4M$14.8M-$14.6M
Net (loss) income per share - basic-$0.08$0.08-$0.13
Net (loss) income per share - diluted-$0.08$0.07-$0.13
Weighted average number of shares outstanding (basic)191.0M shares190.5M shares116.1M shares
Weighted average number of shares outstanding (diluted)191.0M shares240.2M shares116.1M shares

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Leadership

Who has led DIRTT ENVIRONMENTAL SOLUTIONS LTD, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Kevin P. Omeara2020–2021
  2. Benjamin Nicholas Urban2022–now

President

  1. Kevin P. Omeara2020–2021

Chief financial officer

  1. Geoffrey D. Krause2019–2022
  2. Bradley Scott Little2022–2023
  3. Fareeha Khan2023–now

Chief operating officer

  1. Jeffrey Calkins2019–2022
  2. Richard J. Hunter2022–now
20202025
Board members and other officers (39)

Timeline

  1. Jul 7, 2022New chief executive Benjamin Nicholas Urban becomes CEO11
  2. Mar 10, 2020New chief executive Kevin P. Omeara becomes CEO12
  3. Sep 29, 2012Founded DIRTT ENVIRONMENTAL SOLUTIONS LTD is founded55

Filings

489 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 74 major events, 275 insider forms, 37 large holders, 82 other. The latest 20:

  1. Oct 1, 20264 EDGAR
  2. Oct 1, 20264 EDGAR
  3. Oct 1, 20264 EDGAR
  4. Oct 1, 20264 EDGAR
  5. Oct 1, 20264 EDGAR
  6. Oct 1, 20264 EDGAR
  7. Oct 1, 20264 EDGAR
  8. Sep 23, 20268-K EDGAR
  9. Aug 18, 20264 EDGAR
  10. Aug 18, 20264 EDGAR
  11. Aug 6, 20264 EDGAR
  12. Aug 6, 20264 EDGAR
  13. Jul 29, 202610-Q EDGAR
  14. Jul 29, 20268-K EDGAR
  15. Jul 6, 20264 EDGAR
  16. Jul 6, 20264 EDGAR
  17. Jul 2, 20268-K EDGAR
  18. Jul 2, 20264 EDGAR
  19. Jul 2, 20264 EDGAR
  20. Jul 2, 20264 EDGAR

The 489 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 37 such filings since October 2021, the latest 10:

  1. Feb 18, 2026SCHEDULE 13D/A
  2. Feb 18, 2026SCHEDULE 13D/A
  3. Feb 13, 2026SCHEDULE 13G/A
  4. Dec 12, 2025SCHEDULE 13D/A
  5. Oct 9, 2025SCHEDULE 13D/A
  6. Aug 6, 2024SC 13D/A
  7. Aug 5, 2024SC 13D/A
  8. Mar 26, 2024SC 13D/A
  9. Feb 12, 2024SC 13G/A
  10. Jan 23, 2024SC 13D/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Sources

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