Pure Cycle Corp (PCYO)
Pure Cycle Corp brought in $33.7M of revenue over the twelve months to May 31, 2026, up 22.9% from a year earlier. Net income was $14.7M, a net margin of 43.7%. At May 31, 2026 it held $8.4M in cash against $14.1M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on July 8, 2026.
Key facts about Pure Cycle Corp
- Net worth
- Pure Cycle Corp has a market value (market cap) of $262.4M at the latest share price, and shareholders' equity of $151.6M on its balance sheet at May 31, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $26.1M (-9.3% year on year), with net income of $13.1M. Over the 12 months to May 31, 2026: revenue $33.7M, net income $14.7M.
- Cash flow
- In fiscal 2025 operations brought in $13.2M of cash.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on July 8, 2026 and covers the period to May 31, 2026. Open on SEC EDGAR
- Next earnings report
- Pure Cycle Corp's next report is expected around November 12, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
What Pure Cycle Corp does
Pure Cycle Corp is registered with the SEC under industry code SIC 4941 (Water Supply). Its shares trade on NASDAQ under the ticker PCYO.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $26.1M | $13.1M | $0.54 | n/a |
| 2024 | $28.7M | $11.6M | $0.48 | n/a |
| 2023 | $14.6M | $4.7M | $0.19 | n/a |
| 2022 | $23M | $9.6M | $0.40 | n/a |
| 2021 | $17.1M | $20.1M | $0.83 | n/a |
| 2020 | $25.9M | $6.8M | $0.28 | n/a |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where PCYO ranks in Utilities
Latest SEC filings
What Pure Cycle Corp has filed recently, newest first. Each links to the original document on SEC EDGAR.
- August 25, 2026
- August 14, 2026Passive stake changed SCHEDULE 13G/A
- August 10, 2026Additional proxy material DEFA14A
- August 6, 2026Activist stake changed SCHEDULE 13D/A
- July 9, 2026Activist stake changed SCHEDULE 13D/A
- July 9, 2026
- July 8, 2026Quarterly report 10-Q · period to May 31, 2026Revenue rose 60% to $8.2M versus the same quarter last year; diluted EPS $0.12 versus $0.09.
- May 26, 2026
- April 9, 2026
- April 8, 2026Quarterly report 10-Q · period to February 28, 2026Revenue rose 29% to $5.2M versus the same quarter last year; diluted EPS $0.05 versus $0.03.
Insider trades
What the people running Pure Cycle Corp did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider bought or sold shares on the open market in the last 90 days. The 4 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 22, 2026 | Harding Mark WCHIEF EXECUTIVE OFFICER, Director | Exercised options | 50,000 | $280.5K |
| September 22, 2026 | Harding Mark WCHIEF EXECUTIVE OFFICER, Director | Shares withheld for tax | 25,271 | $280.5K |
| September 16, 2026 | Fink ChristopherDirector | Received as pay | 1,123 | - |
| September 16, 2026 | Haecker Kelly JDirector | Received as pay | 1,123 | - |
| January 14, 2026 | Kozlowski Daniel RDirector | Received as pay | 2,653 | - |
| January 14, 2026 | Beirne PatrickDirector | Received as pay | 2,653 | - |
| January 14, 2026 | Sheets Jeffrey GDirector | Received as pay | 2,653 | - |
| January 14, 2026 | Roller Daniel JDirector, 10% owner | Received as pay | 2,653 | - |
Who owns PCYO
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Daniel J. Roller13D, may seek influence with 7 related filers | 14.7% | August 6, 2026 |
| Daniel Kozlowski13D, may seek influence with 2 related filers | 12.5% | December 5, 2024 |
| Adam K. Peterson13G, passive with 2 related filers | 7.5% | August 14, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 117 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Magnolia Group, LLC | 1,795,421 | -119,138 |
| BlackRock, Inc. | 1,397,370 | +25,501 |
| Vanguard Capital Management LLC | 927,930 | +12,123 |
| Sapient Capital LLC | 685,024 | -3,335 |
| Heartland Advisors Inc | 611,309 | -15,955 |
| Geode Capital Management, LLC | 548,230 | +38,777 |
| Kennedy Capital Management LLC | 514,431 | -10,624 |
| Dimensional Fund Advisors LP | 468,979 | +3,964 |
| Gem Investment Advisors, LLC | 449,829 | 0 |
| State Street Corp | 446,656 | -704 |
| First Wilshire Securities Management Inc | 418,677 | -8,010 |
| MYDA Advisors LLC | 394,591 | +36,849 |
| ArrowMark Colorado Holdings LLC | 385,122 | -165,585 |
| Cannell Capital LLC | 314,640 | new |
| Bard Associates Inc | 311,023 | -2,792 |
| Curi Capital, LLC | 294,033 | -10,512 |
| Epiq Partners, LLC | 258,962 | +1,445 |
| Morgan Stanley | 238,866 | +16,429 |
| Peapod Lane Capital LLC | 186,734 | new |
| Northern Trust Corp | 164,653 | -11,556 |
Insiders
10 insiders reported holding 600,786 shares in total, about $6.5M at the last price.
| Holder | Shares |
|---|---|
| Kozlowski Daniel RDirector, 10% owner | 351,210 |
| Harding Mark WCHIEF EXECUTIVE OFFICER, Director | 164,818 |
| Beirne PatrickDirector | 27,258 |
| Sheets Jeffrey GDirector | 17,258 |
| Fendel Frederick A. IIIDirector | 15,258 |
| Abel Wanda JDirector | 13,258 |
| Heitmann Susan DianeDirector | 6,827 |
| Roller Daniel JDirector, 10% owner | 2,653 |
| Haecker Kelly JDirector | 1,123 |
| Fink ChristopherDirector | 1,123 |
Questions about PCYO
What does Pure Cycle Corp do?
Pure Cycle Corp is a company in the Utilities sector, listed on NASDAQ as PCYO. Its shares trade on NASDAQ under the ticker PCYO.
What is Pure Cycle Corp's net worth?
Pure Cycle Corp has a market value (market cap) of $262.4M at the latest share price, and shareholders' equity of $151.6M on its balance sheet at May 31, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Pure Cycle Corp profitable?
Yes. Over the twelve months to May 31, 2026 it reported net income of $14.7M on revenue of $33.7M, a net margin of 43.7%.
How much revenue does Pure Cycle Corp make?
Over the twelve months to May 31, 2026 Pure Cycle Corp reported revenue of $33.7M. That is 22.9% more than a year earlier.
When did Pure Cycle Corp last report?
Its most recent periodic report is the quarterly report (10-Q) filed on July 8, 2026. It covers the period to May 31, 2026. Its newest filing of any kind is the insider trade from September 23, 2026.
When is Pure Cycle Corp's next earnings report?
Pure Cycle Corp's next report is expected around November 12, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
Similar companies
Compare PCYO with
Follow PCYO
Get an email when Pure Cycle Corp files with the SEC: results, executive changes, material agreements and annual reports.
Where the numbers come from
Financial figures are the values Pure Cycle Corp tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.