PCYO
Pure Cycle Corporation
NASDAQ: PCYO · UTILITIES · UTILITIES - REGULATED WATER
$11.54
+2.49% today
Updated 2026-04-30
Market cap
$276.23M
P/E ratio
20.11
P/S ratio
9.01x
EPS (TTM)
$0.57
Dividend yield
—
52W range
$10 – $12
Volume
0.1M
Pure Cycle Corporation (PCYO) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $271669.00 | $265676.00 | $282429.00 | $260211.00 | $264107.00 | $282134.00 | $284384.00 | $1.86M | $3.09M | $2.32M | $452161.00 | $1.23M | $6.96M | $20.36M | $25.86M | $17.13M | $23.00M | $14.59M | $28.75M | $26.09M |
| Revenue growth (YoY) | — | -2.2% | +6.3% | -7.9% | +1.5% | +6.8% | +0.8% | +553.2% | +66.4% | -24.8% | -80.5% | +171.5% | +466.8% | +192.6% | +27.0% | -33.8% | +34.3% | -36.6% | +97.1% | -9.3% |
| Cost of revenue | $73898.00 | $165187.00 | $166012.00 | $163406.00 | $161808.00 | $159693.00 | $187984.00 | $393271.00 | $863271.00 | $885683.00 | $528759.00 | $803306.00 | $4.16M | $13.94M | $18.31M | $6.40M | $6.63M | $6.55M | $8.99M | $10.06M |
| Gross profit | $197771.00 | $100489.00 | $116417.00 | $96805.00 | $102299.00 | $122441.00 | $96400.00 | $1.46M | $2.23M | $1.44M | $-76598.00 | $424481.00 | $2.80M | $6.42M | $7.54M | $10.72M | $16.37M | $8.04M | $19.76M | $16.03M |
| Gross margin | 72.8% | 37.8% | 41.2% | 37.2% | 38.7% | 43.4% | 33.9% | 78.8% | 72.1% | 61.9% | -16.9% | 34.6% | 40.2% | 31.5% | 29.2% | 62.6% | 71.2% | 55.1% | 68.7% | 61.4% |
| R&D | — | — | — | — | — | — | — | $0.00 | — | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $1.54B | $2.48B | $2.32B | $1.94B | $1.81B | $2.21B | $2.37B | $2.33M | $3.36M | $2.70M | $1.85M | $2.20M | $2.86M | $3.11M | $4.25M | $5.14M | $5.89M | $5.47M | $6.92M | $7.77M |
| Operating income | $-1.36M | $-2.65M | $-2.49M | $-2.14M | $-1.87M | $-2.30M | $-14.50M | $-1.09M | $-1.58M | $-1.44M | $-2.18M | $-2.13M | $-308727.00 | $3.00M | $1.51M | $5.27M | $10.10M | $2.07M | $12.24M | $7.67M |
| Operating margin | -500.1% | -999.1% | -882.6% | -821.8% | -708.9% | -815.8% | -5098.8% | -58.7% | -51.1% | -61.8% | -482.1% | -173.6% | -4.4% | 14.7% | 5.9% | 30.8% | 43.9% | 14.2% | 42.6% | 29.4% |
| EBITDA | $-746404.00 | $-6.55M | $-6.54M | $-5.34M | $-5.13M | $-5.56M | $-13.64M | $-318264.00 | $-1.05M | $-1.33M | $-1.76M | $-1.40M | $593949.00 | $4.81M | $4.66M | $28.36M | $14.92M | $4.23M | $18.17M | $20.19M |
| EBITDA margin | -274.7% | -2464.9% | -2317.1% | -2054.0% | -1943.3% | -1972.0% | -4795.9% | -17.1% | -33.9% | -57.2% | -389.2% | -113.8% | 8.5% | 23.6% | 18.0% | 165.6% | 64.9% | 29.0% | 63.2% | 77.4% |
| EBIT | $-766486.00 | $-6.92M | $-6.93M | $-5.73M | $-5.39M | $-5.86M | $-13.95M | $-631401.00 | $-1.24M | $-1.68M | $-2.18M | $-2.13M | $-308730.00 | $3.53M | $2.94M | $26.59M | $12.79M | $2.07M | $16.07M | $17.90M |
| Interest expense | $7.12M | $4.67B | $4.39M | $3.73M | $3.62M | $4.00M | $3.47M | $3.52M | $1.68M | $414321.00 | $0.00 | $0.00 | $0.00 | $529293.00 | $1.43B | $2.90M | $90000.00 | $206000.00 | $439000.00 | $426000.00 |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-792860.00 | $-6.91M | $-6.93M | $-5.73M | $-5.39M | $-6.02M | $-17.42M | $-4.15M | $-311444.00 | $-22.84M | $-1.31M | $-1.71M | $414680.00 | $4.81M | $6.75M | $20.11M | $9.62M | $4.70M | $11.61M | $13.11M |
| Net income growth (YoY) | — | -772.1% | -0.2% | +17.3% | +5.9% | -11.6% | -189.5% | +76.2% | +92.5% | -7232.0% | +94.3% | -30.5% | +124.2% | +1060.2% | +40.3% | +197.9% | -52.2% | -51.1% | +147.1% | +12.9% |
| Profit margin | -291.8% | -2602.7% | -2452.5% | -2201.3% | -2041.3% | -2132.4% | -6125.0% | -223.4% | -10.1% | -982.7% | -289.9% | -139.3% | 6.0% | 23.6% | 26.1% | 117.4% | 41.8% | 32.2% | 40.4% | 50.3% |