DIRTT Environmental Solutions Ltd.

DIRTT Environmental Solutions Ltd.

DRTT

DRTTDIRTT Environmental Solutions Ltd. US flag

NASDAQ Global Select

0.33

USD

+0.00

- -

34.92MMarket Cap

CIK

0001340476

ISIN

CA25490H1064

CUSIP

25490H106

Return %

Stock

S&P500

1Y

-18.24

24.99

3Y

-77.56

70.19

5Y

-93.08

77.45

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Company Description

CEO: Benjamin Urban
Full Time Employees: 922
Sector: Industrials
Industry: Engineering & Construction
Address: 7303-30th Street S.E. Calgary AB Canada T2C 1N6
IPO Date: Jan 28, 2014
CIK: 0001340476
Website: dirtt.com
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Business: DIRTT Environmental Solutions Ltd. (TSX: DRT) is a Canada-based industrialized construction company that manufactures prefabricated interior construction solutions and provides associated digital design tools for adaptable, high-performing interior environments; its core offerings include proprietary ICE software for 3D design, configuration, pricing, and manufacturing integration, along with customizable physical products such as solid walls, glass walls, combination walls, leaf folding walls, headwalls, casework, access floors, and the recently launched COVE low-acuity healthcare solution and curved solid corners for solid walls. The company serves workplace, healthcare, education, public sector, financial services, government, manufacturing, non-profit, energy, professional services, retail, technology, and hospitality markets primarily through an international network of DIRTT Construction Partners and a new Integrated Solutions go-to-market channel, with manufacturing facilities and operations across North America focused on the U.S. and Canada markets where the United States generates the majority of revenue. Founded in 2004 and headquartered in Calgary, Alberta, DIRTT emphasizes sustainability through non-obsolescence design, enabling de-mountable and reconfigurable components with minimal waste, and leverages lean manufacturing across 540,000 square feet of distributed space supported by 277 issued patents. In recent developments, DIRTT launched its Integrated Solutions channel in 2024 to diversify customer profiles, expand into smaller markets and new sectors, and enhance sales capacity through combined services in design, estimating, and project delivery; the company joined Siemens' Xcelerator program in December 2024 to advance digital transformation via automation, IoT, and digital twin technologies for improved monitoring and efficiency. It repurchased 3,920,844 common shares from NGEN III, LP in February 2025 at a discount, initiated a normal course issuer bid for up to 7,515,233 shares in December 2024, and extended its Royal Bank of Canada credit facility to November 2025 with increased borrowing capacity to C$25 million plus bonding and letter of credit options. DIRTT continues litigation against Falkbuilt Ltd. and former founders with a Canadian trial scheduled for February 2026 seeking over $50 million in damages, while advancing ICE software features like itemized pricing and AI evaluations, reporting record 99.1% on-time delivery and improved 2024 financials with $174.3 million revenue and $15.4 million Adjusted EBITDA.

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