PURE CYCLE CORP (PCYO)
Q1-CY2026Q4-CY2025Q3-CY2025Q2-CY2025Q1-CY2025Q4-CY2024Q3-CY2024Q2-CY2024Q1-CY2024Q4-CY2023Q3-CY2023Q2-CY2023Q1-CY2023Q4-CY2022Q3-CY2022Q2-CY2022Q1-CY2022Q4-CY2021Q3-CY2021Q2-CY2021Q1-CY2021Q4-CY2020Q3-CY2020Q2-CY2020Q1-CY2020Q4-CY2019Q3-CY2019Q2-CY2019Q1-CY2019Q4-CY2018Q3-CY2018Q2-CY2018Q1-CY2018Q4-CY2017Q3-CY2017Q2-CY2017Q1-CY2017Q4-CY2016Q3-CY2016Q2-CY2016Q1-CY2016Q4-CY2015Q3-CY2015Q2-CY2015Q1-CY2015Q4-CY2014Q3-CY2014Q2-CY2014Q1-CY2014
Balance Sheet Date2025-Nov-302025-Aug-312025-May-312025-Feb-282024-Nov-302024-Aug-312024-May-312024-Feb-292023-Nov-302023-Aug-312023-May-312023-Feb-282022-Nov-302022-Aug-312022-May-312022-Feb-282021-Nov-302021-Aug-312021-May-312021-Feb-282020-Nov-302020-Aug-312020-May-312020-Feb-292019-Nov-302019-Aug-312019-May-312019-Feb-282018-Nov-302018-Aug-312018-May-312018-Feb-282017-Nov-302017-Aug-312017-May-312017-Feb-282016-Nov-302016-Aug-312016-May-312016-Feb-292015-Nov-302015-Aug-312015-May-312015-Feb-282014-Nov-302014-Aug-312014-May-312014-Feb-28
Fiscal PeriodQ1-FY2025Q4-FY2024Q3-FY2024Q2-FY2024Q1-FY2024Q4-FY2023Q3-FY2023Q2-FY2023Q1-FY2023Q4-FY2022Q3-FY2022Q2-FY2022Q1-FY2022Q4-FY2021Q3-FY2021Q2-FY2021Q1-FY2021Q4-FY2020Q3-FY2020Q2-FY2020Q1-FY2020Q4-FY2019Q3-FY2019Q2-FY2019Q1-FY2019Q4-FY2018Q3-FY2018Q2-FY2018Q1-FY2018Q4-FY2017Q3-FY2017Q2-FY2017Q1-FY2017Q4-FY2016Q3-FY2016Q2-FY2016Q1-FY2016Q4-FY2015Q3-FY2015Q2-FY2015Q1-FY2015Q4-FY2014Q3-FY2014Q2-FY2014Q1-FY2014Q4-FY2013Q3-FY2013Q2-FY2013
Total Revenue9,135,000$11,200,000$5,140,000$3,995,000$5,752,000$12,560,000$7,604,000$3,197,000$5,386,000$3,368,000$6,879,000$2,999,000$1,340,000$10,880,000$3,187,000$4,664,000$4,273,000$4,852,000$2,666,000$4,739,000$4,868,000$10,026,000$1,850,000$3,519,000$10,460,000$9,474,000$5,184,663$2,630,419$3,072,549$3,892,000$1,212,000$845,000$1,010,132$658,000$134,000$237,078$199,098$149$101$76$126$135$120$372$570$30,188$678,549$735,874$
QoQ%(18.44%)117.90%28.66%(30.55%)(54.20%)65.18%137.85%(40.64%)59.92%(51.04%)129.38%123.81%(87.68%)241.39%(31.67%)9.15%(11.93%)82.00%(43.74%)(2.65%)(51.45%)441.95%(47.43%)(66.36%)10.41%82.73%97.10%(14.39%)(21.06%)221.12%43.43%(16.35%)53.52%391.05%(43.48%)19.08%133,522.82%47.53%32.90%(39.68%)(6.67%)12.50%(67.74%)(34.74%)(98.11%)(95.55%)(7.79%)27.20%
YoY%58.81%(10.83%)(32.40%)24.96%6.80%272.92%10.54%6.60%301.94%(69.04%)115.85%(35.70%)(68.64%)124.24%19.54%(1.58%)(12.22%)(51.61%)44.11%34.67%(53.46%)5.83%(64.32%)33.78%240.43%143.42%327.78%211.29%204.17%491.49%804.48%256.42%407.35%441,510.74%132,573.27%311,844.74%157,914.29%10.37%(15.83%)(79.57%)(77.90%)(99.55%)(99.98%)(99.95%)(99.90%)(94.71%)64.12%69.36%
Cost Of Revenue2,884,000$3,620,000$1,883,000$2,468,000$2,085,000$2,786,000$2,738,000$1,420,000$2,044,000$1,604,000$2,206,000$1,410,000$1,326,000$2,344,000$1,394,000$1,507,000$1,383,000$1,453,000$940,000$1,263,000$2,745,000$6,171,000$1,106,000$2,448,000$8,586,000$6,598,666$3,262,302$2,256,127$1,826,604$2,791,969$595,042$279,737$494,853$322,069$167,049$168,680$145,507$141,021$134,837$120,928$131,973$267,646$139,762$155,307$223,175$236,201$174,160$184,357$
Gross Profit6,251,000$7,580,000$3,257,000$1,527,000$3,667,000$9,774,000$4,866,000$1,777,000$3,342,000$1,764,000$4,673,000$1,589,000$14,000$8,536,000$1,793,000$3,157,000$2,890,000$3,399,000$1,726,000$3,476,000$2,123,000$3,855,000$744,000$1,071,000$1,874,000$2,876,000$1,922,361$374,292$1,245,945$904,000$683,000$631,000$580,000$336,000$(33,000$)68,000$54,000$8$(34$)(44$)(7$)(134$)(19$)217$373$(206,013$)504,389$551,517$
Gross Margin68.43%67.68%63.37%38.22%63.75%77.82%63.99%55.58%62.05%52.38%67.93%52.98%1.05%78.46%56.26%67.69%67.63%70.05%64.74%73.35%43.61%38.45%40.22%30.44%17.92%30.36%37.08%14.23%40.55%23.23%56.35%74.68%57.42%51.06%(24.63%)28.68%27.12%5.37%(33.66%)(57.90%)(5.56%)(99.26%)(15.83%)58.33%65.44%(682.43%)74.33%74.95%
Operating Expenses1,868,000$1,636,000$1,923,000$2,854,000$1,947,000$1,988,000$1,798,000$2,145,000$1,586,000$1,720,000$916,000$1,829,000$1,503,000$2,051,000$1,169,000$1,649,000$1,410,000$1,468,000$1,398,000$1,418,000$1,170,000$3,126,000$887,000$1,132,000$886,000$1,279,000$763,530$650,000$726,846$911,000$771,000$645,000$780,000$917,000$598,000$523,000$518,000$626$499$513$465$818$429$541$326$309,136$855,483$692,411$
Operating Income4,383,000$5,944,000$1,334,000$(1,327,000$)1,720,000$7,786,000$3,068,000$(368,000$)1,756,000$44,000$3,757,000$(240,000$)(1,489,000$)6,485,000$624,000$1,508,000$1,480,000$1,931,000$328,000$2,058,000$953,000$729,000$(143,000$)(61,000$)988,000$1,597,000$1,158,831$(275,708$)519,099$(7,000$)(88,000$)(14,000$)(200,000$)(581,000$)(631,000$)(455,000$)(464,000$)(618$)(533$)(557$)(472$)(952$)(448$)(324$)47$(515,149$)(351,094$)(140,894$)
Operating Margin47.98%53.07%25.95%(33.22%)29.90%61.99%40.35%(11.51%)32.60%1.31%54.62%(8.00%)(111.12%)59.61%19.58%32.33%34.64%39.80%12.30%43.43%19.58%7.27%(7.73%)(1.73%)9.45%16.86%22.35%(10.48%)16.90%(.18%)(7.26%)(1.66%)(19.80%)(88.30%)(470.90%)(191.92%)(233.05%)(414.77%)(527.72%)(732.90%)(374.60%)(705.19%)(373.33%)(87.10%)8.25%(1,706.47%)(51.74%)(19.15%)
Interest Income949,000$2,597,000$210,000$217,000$731,000$1,964,000$279,000$286,000$308,000$296,000$281,000$218,000$228,000$24,000$5,000$2,000$1,000$14,000$15,000$1,448,000$15,000$16,000$24,000$84,000$54,000$51,796$53,986$121,661$71,162$30,137$69,027$52,512$54,462$58,246$59,578$66,098$73,566$65,923$66,253$77,579$63,821$9,747$6,465$11,645$3,190$(11,637$)17,293$3,769$
Interest Expenses111,000$108,000$57,000$52,000$47,000$50,000$38,000$31,000$13,000$7,000$
Income Before Tax6,030,000$8,193,000$2,993,000$1,076,000$5,208,000$8,819,000$3,852,000$159,000$2,802,000$1,233,000$4,419,000$279,000$289,000$7,437,000$1,083,000$2,194,000$1,991,000$2,408,000$782,000$23,019,000$1,105,000$880,000$36,000$353,000$7,650,000$1,728,635$1,261,371$(96,025$)633,972$74,527$54,601$100,162$(96,611$)(501,000$)(554,000$)(317,000$)(338,000$)(521$)(422$)(271$)(97$)(23,082$)30$(86$)10$1,372,277$(381,246$)(455,975$)
Tax Expenses1,465,000$2,085,000$737,000$267,000$1,271,000$2,214,000$1,027,000$41,000$737,000$177,000$1,124,000$90,000$130,000$1,862,000$246,000$501,000$477,000$574,000$158,000$5,667,000$260,000$194,000$9,000$79,000$1,887,000$(1,283,195$)0$0$0$(282,000$)0$0$
Net Income4,565,000$6,108,000$2,256,000$809,000$3,937,000$6,605,000$2,825,000$118,000$2,065,000$1,056,000$3,295,000$189,000$159,000$5,575,000$837,000$1,693,000$1,514,000$1,834,000$79,000$17,352,000$845,000$686,000$27,000$274,000$5,763,000$3,012,000$1,261,371$(96,025$)633,972$357,000$55,000$100,000$(97,000$)(501,000$)(554,000$)(317,000$)(338,000$)(521$)(422$)(271$)(97$)(23,082$)30$(86$)10$1,372,277$(381,246$)(455,975$)
Profit Margin49.97%54.54%43.89%20.25%68.45%52.59%37.15%3.69%38.34%31.35%47.90%6.30%11.87%51.24%26.26%36.30%35.43%37.80%2.96%366.15%17.36%6.84%1.46%7.79%55.10%31.79%24.33%(3.65%)20.63%9.17%4.54%11.83%(9.60%)(76.14%)(413.43%)(133.71%)(169.77%)(349.66%)(417.82%)(356.58%)(76.98%)(17,097.78%)25.00%(23.12%)1.75%4,545.77%(56.19%)(61.96%)
TTM46.62%50.26%49.58%47.39%46.32%40.40%31.01%34.70%35.45%32.22%41.71%36.73%41.17%41.81%34.63%31.12%125.71%117.43%85.04%88.02%9.04%26.11%35.87%36.00%35.82%23.63%14.59%8.79%12.70%5.96%(11.89%)(39.74%)(72.04%)(139.23%)(212.08%)(150.30%)(170.10%)(290.04%)(5,450.23%)(5,124.73%)(3,085.66%)(1,932.16%)4,391.14%139.63%37.02%(15.39%)(108.79%)(150.54%)
Earnings to Minority(545,000$)
Earnings to Common Shareholders4,565,000$6,108,000$2,256,000$809,000$3,937,000$6,605,000$2,825,000$118,000$2,065,000$1,056,000$3,295,000$189,000$159,000$5,575,000$837,000$1,693,000$1,514,000$1,834,000$624,000$17,352,000$845,000$686,000$27,000$274,000$5,763,000$3,012,000$1,261,371$(96,025$)633,972$357,000$55,000$100,000$(97,000$)(501,000$)(554,000$)(317,000$)(338,000$)(521$)(422$)(271$)(97$)(23,082$)30$(86$)10$1,372,277$(381,246$)(455,975$)
QoQ%(25.26%)170.75%178.86%(79.45%)(40.39%)133.81%2,294.07%(94.29%)95.55%(67.95%)1,643.39%18.87%(97.15%)566.07%(50.56%)11.82%(17.45%)193.91%(96.40%)1,953.49%23.18%2,440.74%(90.15%)(95.25%)91.34%138.79%1,413.59%(115.15%)77.58%549.09%(45.00%)203.09%80.64%9.57%(74.76%)6.21%(64,775.24%)(23.46%)(55.72%)(179.38%)99.58%(77,040.00%)134.88%(960.00%)(100.00%)459.95%16.39%46.13%
YoY%15.95%(7.53%)(20.14%)585.59%90.65%525.47%(14.26%)(37.57%)1,198.74%(81.06%)293.67%(88.84%)(89.50%)203.98%34.14%(90.24%)79.17%167.35%2,211.11%6,232.85%(85.34%)(77.22%)(97.86%)385.34%809.03%743.70%2,193.40%(196.03%)753.58%171.26%109.93%131.55%71.30%(96,061.23%)(131,179.62%)(116,874.17%)(348,353.61%)97.74%(1,506.67%)(215.12%)(1,070.00%)(101.68%)100.01%99.98%100.00%224.12%63.79%50.15%
Earnings Per Share, Basic0.19$0.25$0.09$0.03$0.16$0.27$0.12$0.00$0.09$0.04$0.14$0.01$0.01$0.23$0.03$0.07$0.06$0.08$0.03$0.73$0.04$0.03$0.00$0.01$0.24$0.13$0.05$0.00$0.03$0.02$0.00$0.00$0.00$(0.02$)(0.02$)(0.01$)(0.01$)0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.06$(0.02$)(0.02$)
Earnings Per Share, Diluted0.19$0.25$0.09$0.03$0.16$0.27$0.12$0.00$0.09$0.04$0.14$0.01$0.01$0.23$0.03$0.07$0.06$0.08$0.03$0.72$0.04$0.03$0.00$0.01$0.24$0.12$0.05$0.00$0.03$0.01$0.00$0.00$0.00$(0.02$)(0.02$)(0.01$)(0.01$)0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.06$(0.02$)(0.02$)
Unlevered FCF Per Share, Basic(0.04$)0.39$(0.02$)(0.06$)0.24$0.13$0.04$(0.02$)(0.05$)0.03$0.20$(0.30$)(0.03$)1.23$0.07$(0.32$)(0.25$)0.14$0.01$0.00$0.00$0.23$(0.06$)0.08$0.62$0.26$0.03$0.09$(0.24$)0.05$(0.02$)(0.02$)(0.03$)(0.01$)(0.01$)(0.01$)(0.01$)0.00$0.00$0.02$(0.05$)(0.02$)0.01$(0.02$)(0.01$)(0.03$)0.09$(0.06$)
Unlevered FCF Per Share, Diluted(0.04$)0.39$(0.02$)(0.06$)0.23$0.13$0.04$(0.02$)(0.05$)0.03$0.20$(0.29$)(0.03$)1.22$0.07$(0.32$)(0.25$)0.14$0.01$0.00$0.00$0.23$(0.06$)0.08$0.61$0.26$0.03$0.09$(0.24$)0.05$(0.02$)(0.02$)(0.03$)(0.01$)(0.01$)(0.01$)(0.01$)0.00$0.00$0.02$(0.05$)(0.02$)0.01$(0.02$)(0.01$)(0.03$)0.09$(0.06$)
Average Shares, Basic24,080,08624,073,62124,076,02224,083,71824,071,90724,079,46424,087,17024,086,82624,078,54424,059,86624,054,84324,023,77523,985,78823,982,62123,970,29023,944,14123,917,90823,907,63323,907,14023,881,65523,866,74023,854,29523,852,76523,846,00023,827,00023,809,93223,801,59823,799,93123,772,43123,764,09923,764,09823,760,76523,754,09823,754,09823,754,09823,754,09823,754,09823,703,64523,754,09823,754,09823,912,32324,051,66224,037,59824,037,59824,037,59824,037,59824,037,59824,037,598
Average Shares, Diluted24,156,37824,173,05724,143,53424,196,17824,157,34724,117,88824,143,03924,149,19524,153,66224,027,73124,166,34424,142,30024,087,89324,095,97724,124,58624,184,16124,219,23624,130,44924,184,39524,092,34924,036,47924,032,62824,052,82024,110,00024,051,00024,211,77824,003,24223,799,93123,996,39324,097,80223,955,04623,915,19423,754,09823,693,84523,754,09823,814,35123,754,09823,703,64523,754,09823,754,09823,912,32324,051,66224,037,59824,037,59824,037,59824,037,59824,037,59824,037,598
EBIT6,030,000$8,193,000$2,993,000$1,076,000$5,208,000$8,819,000$3,852,000$270,000$2,910,000$1,290,000$4,471,000$326,000$339,000$7,475,000$1,114,000$2,207,000$1,998,000$2,408,000$782,000$23,019,000$1,105,000$880,000$36,000$353,000$7,650,000$1,728,635$1,261,371$(96,025$)633,972$74,527$54,601$100,162$(96,611$)(501,000$)(554,000$)(317,000$)(338,000$)(521$)(422$)(271$)(97$)(23,082$)30$(86$)10$1,372,277$(381,246$)(455,975$)
EBITDA6,596,000$8,813,000$3,527,000$1,693,000$5,734,000$9,340,000$4,437,000$778,000$3,396,000$1,852,000$4,989,000$909,000$832,000$8,268,000$1,558,000$2,656,000$2,437,000$2,870,000$1,213,000$23,449,000$1,554,000$1,349,000$508,000$831,000$7,954,000$2,195,505$1,584,551$155,481$873,246$417,228$269,860$269,967$78,303$(171,843$)(406,472$)(175,029$)(222,332$)111,749$108,355$104,215$94,474$65,272$86,807$93,181$78,875$1,429,702$(298,342$)(411,075$)