ADDED
4 Clients generating approximately 96% of revenue in the fiscal year ended December 31, 2024 repeated in the fiscal year ended December 31, 2025.
Global Environmental Industry is Large and Growing According to the 2025 Environmental Industry Study prepared by EBI, the global environmental industry is estimated to generate approximately $1.9 trillion in revenues in 2026, with $620.0 billion concentrated in the United States.
environmental market is expected to grow at a CAGR of approximately 4.0% per year from 2026 through 2028.
Our highly credentialed teams test and analyze air, water and soil to determine concentrations of contaminants, as well as the toxicological impact of contaminants on flora, fauna and human health.
Our Remediation and Reuse segment provides clients with engineering, design, and implementation services, primarily treatment technologies that treat contaminated water and remove contaminants from soil.
We believe this segment s competitive advantages include: advanced technologies and our owned and licensed intellectual property portfolio, such as our patented water treatment systems; a team with industry-leading experts and several patent-generating scientists; and local expertise and capabilities with respect to unique soil, sediment and water table characteristics and contamination types.
This segment, which is primarily based on a fixed price, including milestone-based fixed price contracts, and, for out-of-scope work, a T M revenue model, generated approximately 33.4% of our revenue for the fiscal year ended December 31, 2025 primarily through project-based work.
This table illustrates a summary of our segments as of December 31, 2025: Differentiated Technology, Processes and Applications Advanced technology, innovative processes, and applications are key competitive advantages in the environmental services industry.
In total, our research and development team has been awarded 31 patents.
Our research and development team continued to innovate in the following areas: water treatment, particularly PFAS and selenium removal, PFAS destruction, PFAS testing, foam fractionation, vapor treatment and removal, wastewater treatment, resource recovery, soil vapor sampling, capture and measurement of methane and other gaseous emissions, and enhanced biological treatment.
REMOVED
According to data derived from a 2024 Environmental Industry Study prepared by Environmental Business International, Inc., or EBI, which we commissioned and update annually, the global environmental industry is estimated to be approximately $1.6 trillion, with $540.0 billion concentrated in the United States.
Clients generating approximately 96.0% of revenue in the fiscal year ended December 31, 2023 repeated in the fiscal year ended December 31, 2024.
Our environmental focus and reputation have enabled us to attract and retain some of the most highly sought-after employees in our industry.
These employees have contributed to our organic growth, differentiated brand, reputation and culture.
Increasingly, public and stockholder interest in environmental sustainability are also driving prudent management of our shared and finite environmental resources.
Global Environmental Industry is Large and Growing According to EBI and research commissioned by Montrose, as of 2024 the global environmental industry is estimated to generate approximately $1.6 trillion in revenues, with $540.0 billion concentrated in the United States.
environmental market is expected to grow at a CAGR of 3.8% per year from 2025 through 2026, up from its previous forecast of 3.6% per year from 2024 through 2026.
Supported by approximately 1,210 employees across 6 the US and Canada, our highly credentialed teams test and analyze air, water and soil to determine concentrations of contaminants, as well as the toxicological impact of contaminants on flora, fauna and human health.
Our Remediation and Reuse segment provides clients with engineering, design, and implementation services, primarily treatment technologies that treat contaminated water, remove contaminants from soil or create renewable energy from waste.
We believe this segment s competitive advantages include: strong brands; advanced technologies and our owned and licensed intellectual property portfolio, such as our patented water treatment systems and proprietary process to optimize the generation of renewable energy from waste; a team with industry-leading experts and several patent-generating scientists; and local expertise and capabilities with respect to unique soil, sediment and water table characteristics and contamination types.