Mirion Technologies

Mirion makes tools that find and measure radiation. These tools help doctors treat cancer and keep workers safe. Nuclear power plants also use them to track energy and safety.

Protecting People and Power

• Medical Solutions: Radiation oncology and patient safety tools for diagnostic imaging and therapy centers; serves hospitals and clinics.
• Nuclear and Safety: Personal radiation detection and identification equipment used by defense, laboratories, and military organizations.
• Nuclear Power Support: Specialized sensors and control systems for monitoring nuclear fuel during its entire lifecycle.
• Dosimetry Services: Wearable badges and analysis tools that monitor total radiation exposure for medical and industrial staff.

Building a Bigger Business

• Acquired Certrec in July 2025 to provide regulatory compliance and digital tools for energy industry customers.
• Purchased Paragon Energy Solutions in December 2025 to expand offerings for large nuclear plants and small modular reactors (SMRs).
• Issued $775 million in convertible debt during 2025 to fund strategic acquisitions and corporate growth.

Global Reach and Solid Orders

The company maintains a worldwide presence with operations in North America, Europe, and Asia. It holds a significant backlog of orders worth $1,120.6 million as of March 31, 2026.

The Latest Financial Figures

• Revenue reached $257.6 million in Q1 2026, up 27.5% from the same period in 2025.
• Operating income fell to $3.7 million in Q1 2026, a 57.5% decrease year-over-year.
• Net income worsened to a $3.4 million loss in Q1 2026 compared to a $0.3 million profit in Q1 2025.
• Free cash flow hit $9.4 million in Q1 2026, down 65.3% from the previous year.

Evolution and Diversification

Mirion has shifted its focus toward digital safety tools and specialized nuclear technologies through recent large-scale acquisitions. Its expanding product range across medical and energy sectors creates a more diversified business profile.