PURE CYCLE CORP
PCYONasdaq
$10.70
↓ -1.3%Jul 17 close · end-of-day
Price
1Y↑ +4.7%
End-of-day closes; the latest point is the live 15-min-delayed price · split & dividend adjusted · chart by TradingView
Key statistics
Market Cap
$258.5M
Enterprise Value
$264.2M
P/E
17.3
P/S
7.7
P/B
1.7
EV/EBITDA
17.5
PEG
1.6
FCF Yield
—
Dividend Yield
—
Revenue (TTM)
$33.7M
Net Income (TTM)
$14.7M
Free Cash Flow (TTM)
—
Gross Margin
62.0%
Operating Margin
37.7%
Net Margin
43.7%
ROE
9.7%
ROIC
6.1%
Debt / Equity
0.1
Net Cash
-$5.7M
Return 1Y
+6.7%
Company profile
Pure Cycle Corporation designs, constructs, operates, and maintains water and wastewater systems in the Denver metropolitan area and Colorado Front Range. It operates in two segments, Wholesale Water and Wastewater Services, and Land Development. Pure Cycle was founded in 1976 and is based in Watkins, Colorado.
- CEO
- Mark W. Harding
- Sector
- Transportation, Communications, Electric, Gas, And Sanitary Services
- Industry
- Utilities
- Employees
- 40
- Headquarters
- Colorado
- Website
- purecyclewater.com
Earnings
PCYO Q3 2026 Earnings
Period ends 2026-05-31
MetricActualYoY
Revenue$8.2M↑ +60.0%
Diluted EPS$0.12↑ +33.3%
Actuals from SEC filings; YoY vs the year-ago quarter. Analyst estimates & surprise require a data feed (coming soon).
Financial statements
| Line item | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | $25.9M | $17.1M | $23.0M | $14.6M | $28.7M | $26.1M |
| Gross profit | $7.5M | $10.7M | $16.4M | $8.0M | $19.8M | $16.0M |
| Operating income | $1.5M | $5.3M | $10.1M | $2.1M | $12.2M | $7.7M |
| Net income | $6.8M | $20.1M | $9.6M | $4.7M | $11.6M | $13.1M |
| Diluted EPS | $0.28 | $0.83 | $0.40 | $0.19 | $0.48 | $0.54 |
| Operating cash flow | $20.7M | $3.5M | $17.5M | -$2.3M | $2.3M | $13.2M |
| Free cash flow | — | — | — | — | — | — |
| Gross margin | 29.2% | 62.6% | 71.2% | 55.1% | 68.7% | 61.4% |
| Operating margin | 5.9% | 30.8% | 43.9% | 14.2% | 42.6% | 29.4% |
| Net margin | 26.1% | 117.4% | 41.8% | 32.2% | 40.4% | 50.3% |
| Line item | Q4 '24 | Q1 '24 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '25 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $12.6M | $5.8M | $4.0M | $5.1M | $11.2M | $9.1M | $5.2M | $8.2M |
| Gross profit | $9.8M | $3.7M | $1.5M | $3.3M | $7.6M | $6.3M | $2.8M | $4.3M |
| Operating income | $7.8M | $1.7M | -$1.3M | $1.3M | $5.9M | $4.4M | $263,000.00 | $2.1M |
| Net income | $6.6M | $3.9M | $809,000.00 | $2.3M | $6.1M | $4.6M | $1.1M | $2.9M |
| Diluted EPS | $0.27 | $0.16 | $0.03 | $0.09 | $0.26 | $0.19 | $0.05 | $0.12 |
| Operating cash flow | $3.1M | $5.7M | -$1.4M | -$428,000.00 | $9.3M | -$979,000.00 | -$4.2M | $3.5M |
| Free cash flow | — | — | — | — | — | — | — | — |
| Gross margin | 77.8% | 63.8% | 38.2% | 63.4% | 67.7% | 68.4% | 53.9% | 52.1% |
| Operating margin | 62.0% | 29.9% | -33.2% | 26.0% | 53.1% | 48.0% | 5.1% | 25.7% |
| Net margin | 52.6% | 68.4% | 20.3% | 43.9% | 54.5% | 50.0% | 21.4% | 35.9% |
Company news
Jul 16, 2026
Analyst estimates
Coming soonConsensus revenue & EPS estimates and price targets will appear here once a forward-estimates data feed is connected.
Insider transactions
BoughtSoldMonthly insider $ volume · trailing 12 months
| Date | Insider | Type | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| 2026-01-14 | Kozlowski Daniel R | Award | 2,653 | $0.00 | $0.00 | filing |
| 2026-01-14 | Abel Wanda J | Award | 2,653 | $0.00 | $0.00 | filing |
| 2026-01-14 | Roller Daniel J | Award | 2,653 | $0.00 | $0.00 | filing |
| 2026-01-14 | Heitmann Susan Diane | Award | 2,653 | $0.00 | $0.00 | filing |
| 2026-01-14 | BEIRNE PATRICK | Award | 2,653 | $0.00 | $0.00 | filing |
| 2026-01-14 | Sheets Jeffrey G | Award | 2,653 | $0.00 | $0.00 | filing |
| 2026-01-14 | FENDEL FREDERICK A. III | Award | 2,653 | $0.00 | $0.00 | filing |
| 2026-01-12 | HARDING MARK W· CHIEF EXECUTIVE OFFICER | Gift | 210,000 | $0.00 | $0.00 | filing |
| 2025-11-17 | Kozlowski Daniel R | Sale | 68,778 | $11.01 | $757,108.22 | filing |
| 2025-11-17 | BEIRNE PATRICK | Option exercise | 10,000 | $4.05 | $40,500.00 | filing |
| 2025-11-17 | Kozlowski Daniel R | J | 2,600,000 | $0.00 | $0.00 | filing |
| 2025-09-17 | HARDING MARK W· CHIEF EXECUTIVE OFFICER | Award | 10,000 | $0.00 | $0.00 | filing |
Latest 12 transactions.
Fundamentals & filings from SEC EDGAR. Prices adjusted for splits & dividends. Not investment advice.