佩尔马福克斯环境服务 2025年度报告

FORM 10-K ☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ Commission File No. 1-11596 PERMA-FIX ENVIRONMENTAL SERVICES, INC.(Exact name of registrant as specified in its charter) Delaware58-1954497State or other jurisdiction(IRS Employer Identification Number) of incorporation or organization 8302 Dunwoody Place, #250, Atlanta, GA30350(Address of principal executive offices)(Zip Code) (770) 587-9898(Registrant’s telephone number) Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading SymbolName of each exchange on which registeredCommon Stock, $.001 Par ValuePESIThe Nasdaq Capital Market Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.☐Yes☒No Indicate by check mark if the Registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.☐Yes☒No Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has beensubject to such filing requirements for the past 90 days.☒Yes☐No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required tosubmit and post such files).☒Yes☐No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See definition of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and“emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one): Large accelerated filer☐Accelerated Filer☐Non-accelerated Filer☒Smaller reporting company☒Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial standards provided pursuant to Section 13(a) of the Exchange Act☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of itsinternal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered publicaccounting firm that prepared or issued its audit report.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrantincluded in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). .☐ Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Act).☐Yes☒No The aggregate market value of the Registrant’s voting and non-voting common equity held by nonaffiliates of the Registrant computed byreference to the closing sale price of such stock as reported by NASDAQ as of the last business day of the most recently completed secondfiscal quarter (June 30, 2025), was approximately $180,282,376). For the purposes of this calculation, all directors and executive officers of theRegistrant (as indicated in Item 12) have been deemed to be affiliates. Such determination should not be deemed an admission that suchdirectors and executive officers are, in fact, affiliates of the Registrant. The Company’s Common Stock is listed on the Nasdaq Capital Market. As of March 2, 2026, there were 18,547,539 shares of the registrant’s Common Stock, $.001 par value, outstanding. Documents incorporated by reference: None PERMA-FIX ENVIRONMENTAL SERVICES, INC. INDEX PageNo.PART IItem 1.Business1Item 1A.Risk Factors7Item 1B.Unresolved Staff Comments17Item 1C.Cybersecurity17Item 2.Properties18Item 3.Legal Proceedings18Item 4.Mine Safety Disclosure18PART IIItem 5.Market for Registrant’s Common Equity and Related Stockholder Matters19Item 6.Reserved19Item 7.Management’s Discussion and Analysis of Financial Condition And Results of Operations19Item 7A.Quantitative and Qualitative Disclosures About Market Risk31Special Note Regarding Forward-Looking Statements31Item 8.Financial Statements and Supplementary Data33Item 9.Changes in and Disagreements with Accountants on Accounting and Financial