PyroGenesis Inc.

PyroGenesis Inc.

0.21
CAD
-0.01
(-4.55%)
-0.05EPS
47.44MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.09
0.08
0.07
0.05
0.07
0.04
0.04
0.12
0.19
0.11
0.07
0.09
0.06
0.08
Basic EPS, GAAP
-0.06
-0.04
-0.06
-0.07
-0.06
-0.06
-0.07
0.28
-0.23
-0.19
-0.16
-0.04
-0.07
-0.05
Free Cash Flow per Basic Share
-0.03
-0.07
-0.04
-0.02
-0.03
-0.04
-0.03
-0.01
-0.12
-0.07
-0.07
-0.02
-0.05
-0.06
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-0.07
0.03
0.01
-0.04
-0.05
-0.01
-0.04
0.36
0.24
0.1
-0.02
-0.02
-0.05
-0.02
Tangible Book Value per Share
-0.13
- -
-0.01
-0.04
-0.06
-0.01
-0.05
0.36
0.21
0.07
-0.02
-0.03
-0.06
-0.02
Basic Weighted Avg Shares
64
76
85
97
106
123
137
148
167
171
178
181
198
202
Sales/Revenue/Turnover
6
6
6
5
7
5
5
18
31
19
12
16
13
16
Operating Margin (%)
-52.77
-53.12
-71.96
-123.12
-32.21
-125.65
-119.28
-7.32
-55.82
-122.02
-219.32
-41.46
-101.45
-61.76
Depreciation Expense
2
2
2
2
- -
- -
1
- -
1
2
2
1
2
2
Net Income, GAAP
-4
-3
-5
-7
-6
-8
-9
42
-38
-32
-29
-7
-15
-10
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
2.41
- -
- -
- -
- -
- -
- -
Profit Margin (%)
-69.29
-56.87
-78.79
-133.13
-85.84
-155.98
-190.51
234.98
-123.7
-169.18
-230.89
-42.64
-117.39
-61.36
Working Capital
-1
1
- -
-2
-10
-4
-10
14
14
2
-7
-9
-15
-7
LT Debt
8
2
3
4
- -
3
4
3
2
3
7
4
2
1
Total Equity
-5
3
1
-4
-6
-1
-6
59
41
17
-3
-3
-10
-4
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
-3.96
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
131.73
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
-281.51
- -
- -
- -
- -
- -
-76.72
-111.62
- -
- -
- -
- -

Capital Structure

CAD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
5
4
1
LT Borrowings
- -
- -
- -
LT Finance Leases
1
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
202
207
226
Market Capitalization
61
105
47

Working Capital

CAD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
11
11
11
Cash, Cash Equivalents & STI
1
1
1
Accounts Receivable, Net
4
4
3
Inventories
2
2
2
Total Current Liabilities
26
25
19
Payables & Accruals
10
12
12
ST Debt
5
4
1
Deferred Revenue
10
8
5

Growth Rates

CAD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-141.53%
3.36%
201.12%
Free Cash Flow
128.72%
256.85%
279.98%
Net Income, GAAP
-65.65%
-35.03%
121.11%
Sales/Revenue/Turnover
26.43%
1.61%
-19.68%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3
4
4
4
16
2025
3
3
3
3
13
2026
5
4
- -
- -
- -

Quarterly Earnings Per Share

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.02
0.01
-0.02
- -
-0.04
2025
-0.02
-0.02
-0.01
-0.03
-0.07
2026
-0.01
-0.01
- -
- -
- -

Quarterly Dividends Per Share

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Photis Peter Pascali
Full Time Employees
88
Sector
Industrial services
Industry
Environmental services
Address
1100 RenE-LEvesque Boulevard West Montréal QC Canada H3B 4N4
IPO Date
Aug 16, 2006
Business
PyroGenesis Inc. designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions that reduce greenhouse gases and provide economically attractive alternatives to conventional processes; core offerings include plasma torches, plasma-atomized metal powders for additive manufacturing, aluminum and zinc dross recovery systems, waste management solutions, iron ore pelletization technologies and custom process development services for the defense, metallurgical, mining, oil & gas and environmental industries. Founded in 1991 and headquartered in Montreal, Quebec, the company operates manufacturing facilities in LaSalle, Quebec, with sales across 21 countries and serves multibillion-dollar industry leaders in key markets including additive manufacturing, aluminum, waste management and iron ore pelletization. Operations hold ISO 9001:2015 and AS9100D certifications. In November 2024, PyroGenesis changed its corporate name from PyroGenesis Canada Inc. to PyroGenesis Inc. to reflect its international focus and relocated its headquarters to a larger downtown Montreal facility at 1100 René-Lévesque Boulevard West; recent contracts include a $1.2 million deal with a cement industry customer in September 2025, a $1.3 million energy transition contract noted in Q2 2025 results and a $424,000 federal government investment in January 2025 for made-in-Canada technologies, alongside Q4 2024 revenue of $4.22 million up 40% year-over-year.

Company News

  • PyroGenesis Announces Third Titanium Powder Order from Additive Industry OEM

  • PyroGenesis Announces Dubai Subsidiary to Address Growing Opportunities in Middle East and Asian Markets

  • PyroGenesis Receives $2.3 Million Payment Under Existing $25+ Million Drosrite™ Contract with Saudi Client

  • PyroGenesis Completes Seven-System Drosrite™ Deployment at World's Largest Aluminum Complex

  • PyroGenesis Receives $860,000 Down Payment for Recently Announced Two-Torch Contract with European Mining, Metallurgy & Materials Client

  • PyroGenesis Confirms Completion of Installation of 4.5 MW Plasma Torch System at U.S. Defense and Aeronautics Research Facility

  • PyroGenesis Completes Acquisition of 50% Ownership Interest in HPQ Silica Polvere Inc., Rights-Holder of the Fumed Silica Reactor Technology

  • PyroGenesis Receives Project Certification from Tata Steel for Major Steel Plant Project

  • PyroGenesis Signs First Contract Toward New Titanium Powder Supply Agreement with U.S. Materials Distributor

  • PyroGenesis Comments on Recently Announced Tariffs

  • PyroGenesis Announces Second Titanium Powder Contract with Metal Additive OEM Client

  • PyroGenesis Announces Second Titanium Powder Contract with DoD and NASA-Supported U.S. Applied Research Facility Client

  • PyroGenesis Announces Titanium Powder Contract with Metal Additive OEM

  • PyroGenesis Announces Titanium Powder Contract with a DoD and NASA-Supported U.S. Applied Research Facility

  • PyroGenesis Announces $1.4 Million Contract to Supply Two Plasma Torches to European Mining, Metallurgy & Materials Entity

  • PyroGenesis Provides Corporate Update on Fumed Silica Business Line

  • PyroGenesis Announces Second Quarter 2026 Results: Revenue of $4.4 Million, Up 47% Year-Over-Year for Best Q2 Since 2022

  • PyroGenesis Schedules 2026 Second Quarter Financial Results and Business Update Conference Call

  • PyroGenesis Reports Voting Results From 2026 Meeting of Shareholders

  • PyroGenesis Delivers New Technology to Convert Contaminated Biomass to Syngas