TOMI Environmental Solutions, Inc. reported preliminary second-quarter 2026 revenue of approximately $2.3 million, representing a 124% increase year-over-year. The company’s performance was driven by accelerating momentum in its high-margin razor-and-blade business model, supported by a growing installed base of SteraMist iHP systems and recurring revenue from BIT Solution and related consumables. Combined with open orders of $6.2 million, TOMI has already surpassed its full-year 2025 revenue, demonstrating the scalability of its strategic initiatives across equipment, services, and consumables.

Financial Highlights

Gross margin expanded to 70% from 66% in the prior-year quarter. Key operational metrics for the second quarter include significant growth across mobile capital equipment, accessories, and support services. The company also noted that U.S. service provider rental activity increased 60% compared with all of 2025, driven by rising demand for flexible, on-demand iHP deployment.

Strategic Developments

TOMI has begun formally tracking a dedicated enclosure category as it scales delivery of iHP decontamination chambers for medical device manufacturing and life sciences facilities. The newly launched NV+ system was sold in a customized configuration to a major healthcare facility in Minnesota, with delivery scheduled for the third quarter. This order is expected to generate recurring revenue through BIT Solution and service contracts.

The company expanded its global reach by adding three new distributors covering the United States, South Africa, and Argentina, along with additional South American territories. Additionally, a prominent American healthcare company expanded a custom engineering contract into a significantly larger automation project late in the quarter. SteraMist was named the Disinfection and Decontamination Products Company of the Year for 2026 by Medical Tech Outlook.

TOMI Environmental Solutions is set to merge with Carbonium Core, a graphite and rare earth metals producer, in a transaction that will shift ownership to Carbonium's shareholders. The deal is contingent upon securing at least $10 million in financing and gaining approval for a NASDAQ listing. The merger is anticipated to close during the third quarter of 2026, transforming Carbonium into a publicly traded entity focused on nuclear energy infrastructure supply chains.

Under the terms of the Merger Agreement, Carbonium shareholders will receive shares of TOMI’s common stock and a newly created series of non-voting Preferred Stock. Following approval from TOMI’s stockholders as required by Nasdaq Listing Rule 5635(d), the Preferred Stock will convert into common stock. This conversion will result in former Carbonium shareholders owning approximately 90% of the outstanding shares of the combined company.

The transaction is designed to enhance TOMI’s financial condition and drive value for its shareholders by expanding into the high-growth energy sector. The combined company aims to leverage Carbonium's materials across TOMI's existing product lines, including the integration of carbonium graphene into disinfection robotics platforms and the redesign of biosafety drones to utilize carbonium core, graphene, and lithium components.

Strategically, the merger positions the combined entity to pursue a leadership role in the domestic production of nuclear-grade graphite and critical materials. Carbonium Core's strategy relies on domestic feedstock resources and proprietary purification technology licensed from Oak Ridge National Laboratory. The company intends to address supply chain gaps currently dominated by foreign producers, targeting reactor developers, government agencies, and defense contractors.

Management cited the accelerating demand for reliable, carbon-free baseload power, driven by artificial intelligence, hyperscale data centers, and electrification, as a key driver for the merger. "Advanced nuclear power is increasingly recognized as a key solution, and Carbonium Core is positioning itself to become a critical supplier to that ecosystem," said Dr. Halden Shane, Chief Executive Officer of TOMI Environmental Solutions.

Suren Ajjarapu, Chairman and Chief Executive Officer of Carbonium Core, emphasized the importance of domestic production. "Nuclear-grade graphite is irreplaceable in the advanced reactors now being deployed to power AI, data centers, and reindustrialization — yet today it is overwhelmingly sourced abroad," Ajjarapu stated. The combined company plans to advance commercialization efforts and expand intellectual property development to support emerging advanced reactor programs in North America and international markets.