PURE CYCLE CORP
PURE CYCLE CORP
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Financial Statements
Values in Millions ($) | 2026-05-31 | 2026-02-28 | 2025-11-30 | 2025-08-31 | 2025-05-31 | 2025-02-28 | 2024-11-30 | 2024-08-31 | 2024-05-31 | 2024-02-29 | 2023-11-30 | 2023-08-31 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Financial statements beyond 3 years are for subscribers only. Unlock 17+ years of income statements, balance sheets, and cash flow statements Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Phase1 Reimbursable Costs And Project Management F… | - | - | - | - | 3 | 2 | 36 | 31 | - | - | - | 25 | |||||
Land Development Segment | -0 | 0 | 2 | 3 | -1 | 2 | 1 | 2 | 2 | - | - | - | |||||
Short Term Investments | - | - | - | - | - | - | - | - | 0 | 0 | 0 | - | |||||
Water And Wastewater Resource Development Segment | -74 | 74 | 0 | 69 | 0 | - | - | 65 | 0 | - | - | - | |||||
Other | - | - | - | - | 0 | -0 | 1 | 1 | - | - | - | 1 | |||||
Related Party | - | - | - | - | 3 | 38 | 0 | 42 | 5 | 1 | 28 | 25 | |||||
Nonrelated Party | - | - | - | - | - | - | - | - | - | - | - | 2 | |||||
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 8 | 5 | 17 | 22 | 14 | 16 | 19 | 22 | 20 | 20 | 22 | 26 | |||||
Accounts Receivable Net Current | 2 | 3 | 3 | 1 | 1 | 3 | 5 | 1 | 2 | 2 | 5 | 1 | |||||
Notes And Loans Receivable Net Current | - | - | - | - | - | - | - | 10 | - | - | - | - | |||||
Income Taxes Receivable | - | - | - | - | 1 | 1 | - | - | - | - | - | 1 | |||||
Prepaid Expense And Other Assets Current | 1 | 1 | 0 | 1 | 1 | 1 | 0 | 1 | 1 | 1 | 0 | 0 | |||||
Inventory Land Held For Development And Sale | 4 | 6 | 6 | 7 | 8 | 5 | 4 | 4 | 5 | 3 | 2 | 2 | |||||
Assets Current | 16 | 14 | 26 | 32 | 25 | 27 | 28 | 38 | 29 | 26 | 29 | 30 | |||||
Restricted Cash Noncurrent | 6 | 7 | 7 | 6 | 6 | 5 | 5 | 3 | 3 | 3 | 3 | 2 | |||||
Construction In Progress Gross | - | - | - | - | 2 | 2 | 3 | 3 | 4 | 6 | 6 | 5 | |||||
Public Utilities Property Plant And Equipment Net | 72 | 71 | - | - | - | - | - | - | - | - | - | - | |||||
Notes And Loans Receivable Net Noncurrent | 59 | 56 | 52 | 45 | - | - | - | 32 | - | - | - | - | |||||
Other Assets Noncurrent | 3 | 2 | 2 | 2 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | |||||
Operating Lease Right Of Use Asset | - | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Assets | 176 | 167 | 168 | 162 | 152 | 150 | 150 | 147 | 140 | 135 | 137 | 133 | |||||
Liabilities | |||||||||||||||||
Deferred Income | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | |||||
Liabilities Current | |||||||||||||||||
Accounts Payable Current | 3 | 2 | 3 | 4 | 3 | 1 | 2 | 2 | 3 | 1 | 3 | 2 | |||||
Taxes Payable Current | - | - | - | - | - | - | 3 | 1 | - | - | - | - | |||||
Land And Mineral Rights | |||||||||||||||||
Accrued Liabilities Current | 3 | 3 | 5 | 4 | - | - | - | 5 | - | - | - | - | |||||
Contract With Customer Liability Current | 3 | 3 | 2 | 3 | - | 2 | 1 | 2 | 2 | 3 | 4 | 2 | |||||
Notes Payable Current | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Liabilities Current | 10 | 10 | 11 | 12 | 7 | 7 | 8 | 9 | 9 | 6 | 9 | 7 | |||||
Long Term Notes Payable | 13 | 6 | 8 | 6 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | |||||
Deferred Income Tax Liabilities Net | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Operating Lease Liability Noncurrent | - | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Liabilities | 24 | 18 | 21 | 20 | 15 | 15 | 16 | 18 | 17 | 15 | 17 | 15 | |||||
Common Stock Value Outstanding | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Additional Paid In Capital | 176 | 176 | 176 | 175 | 175 | 175 | 175 | 175 | 175 | 175 | 175 | 175 | |||||
Retained Earnings Accumulated Deficit | -24 | -27 | -28 | -33 | -39 | -41 | -42 | -46 | -52 | -55 | -55 | -57 | |||||
Stockholders Equity | 152 | 149 | 147 | 143 | 137 | 134 | 134 | 130 | 123 | 120 | 120 | 118 | |||||
Liabilities And Stockholders Equity | 176 | 167 | 168 | 162 | 152 | 150 | 150 | 147 | 140 | 135 | 137 | 133 | |||||
Series B Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | 0 | |||||
Common Stock Par Or Stated Value Per Share | 0.003 | 0.003 | 0.003 | 0.03 | 0.003 | 0.003 | 0.003 | 0.03 | 0.003 | 0.003 | 0.003 | 0.003 | |||||
Common Stock Shares Authorized | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | |||||
Shares Outstanding | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | 24 | |||||
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Interactive Financial Visualizations
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 8.63% | -0.84% | -7.41% | -2.04% | -11.84% | -4.34% | -1.22% | - | - | - | - | - |
| 2025 | -1.92% | -2.92% | -10.43% | -6.40% | -1.48% | -0.83% | -8.36% | -5.08% | 3.20% | 1.42% | -3.74% | 3.12% |
| 2024 | -3.20% | -0.10% | -4.10% | 4.21% | -2.21% | 0.42% | 9.52% | 13.90% | 16.26% | 16.87% | 7.62% | 0.60% |
| 2023 | - | - | - | - | - | - | 8.66% | -1.07% | -14.29% | -0.29% | -2.44% | -2.74% |
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Performance and Valuation Metrics
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Metrics | 2026-05-31 | 2026-02-28 | 2025-11-30 | 2025-08-31 | 2025-05-31 | 2025-02-28 | 2024-11-30 | 2024-08-31 | 2024-05-31 | 2024-02-29 | 2023-11-30 | 2023-08-31 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Metric history beyond 3 years is for subscribers only. Unlock 17+ years of history across 90+ calculated metrics Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 1.53 | 1.39 | 2.29 | 2.72 | 3.52 | 3.76 | 3.56 | 4.05 | 3.17 | 4.10 | 3.32 | 4.57 | |||||
| Quick Ratio | 1.48 | 1.32 | 2.25 | 2.64 | 3.41 | 3.65 | 3.51 | 3.99 | 3.10 | 4.00 | 3.29 | 4.52 | |||||
| Working Capital | 5.43M | 3.84M | 14.78M | 20.03M | 18.05M | 19.81M | 20.29M | 28.51M | 19.57M | 19.94M | 20.36M | 23.22M | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 0.16 | 0.12 | 0.14 | 0.14 | 0.11 | 0.11 | 0.12 | 0.14 | 0.14 | 0.12 | 0.14 | 0.13 | |||||
| Interest Coverage TTM | 25.41 | 26.85 | 25.14 | 18.00 | 22.12 | 25.68 | 27.74 | 27.89 | 9.34 | 12.21 | 14.73 | 6.84 | |||||
| Debt Ratio | 0.14 | 0.11 | 0.12 | 0.12 | 0.10 | 0.10 | 0.11 | 0.12 | 0.12 | 0.11 | 0.12 | 0.11 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.21 | 0.19 | 0.19 | 0.17 | 0.19 | 0.21 | 0.20 | 0.20 | 0.15 | 0.14 | 0.14 | 0.11 | |||||
| Days Sales Outstanding TTM | 20.65 | 36.64 | 46.41 | 19.60 | 24.16 | 31.17 | 61.25 | 16.28 | 46.42 | 37.15 | 58.95 | 44.00 | |||||
| Receivables Turnover TTM | 17.67 | 9.96 | 7.86 | 18.62 | 15.11 | 11.71 | 5.96 | 22.42 | 7.86 | 9.83 | 6.19 | 8.29 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 0.61 | 0.58 | 0.57 | 0.54 | 0.56 | 0.59 | 0.56 | 0.48 | 0.25 | 0.27 | 0.27 | 0.19 | |||||
| Free Cash Flow Per Share TTM | 0.31 | 0.15 | 0.27 | 0.55 | 0.29 | 0.34 | 0.38 | 0.10 | -0.01 | 0.16 | -0.12 | -0.10 | |||||
| Dividend Per Share TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 70.54% | 74.28% | 77.59% | 81.67% | 91.71% | 89.54% | 88.17% | 84.60% | 75.15% | 85.68% | 92.52% | 95.37% | |||||
| Operating Profit Margin TTM | 37.67% | 38.91% | 35.06% | 29.40% | 34.66% | 37.60% | 41.93% | 42.59% | 23.01% | 27.56% | 28.54% | 14.21% | |||||
| Net Profit Margin TTM | 43.66% | 45.80% | 46.62% | 50.25% | 49.58% | 47.39% | 46.32% | 40.40% | 31.01% | 34.70% | 35.45% | 32.22% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 22.88% | 2.45% | 1.23% | -9.25% | 40.36% | 58.85% | 56.25% | 97.09% | -11.50% | 2.31% | -7.16% | -36.59% | |||||
| Net Income Growth (1Y) | 8.22% | -1.00% | 1.88% | 12.89% | 124.39% | 116.96% | 104.16% | 147.14% | -34.22% | -3.34% | -20.08% | -51.15% | |||||
| EPS Growth (1Y) | 8.10% | -1.08% | 1.84% | 12.92% | 124.49% | 116.99% | 104.22% | 146.60% | -34.30% | -3.60% | -20.38% | -51.31% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 16.94 | 18.15 | 19.95 | 18.55 | 18.79 | 19.76 | 25.96 | 22.09 | 36.94 | 36.75 | 36.46 | 56.20 | |||||
| P/B TTM | 1.65 | 1.71 | 1.86 | 1.70 | 1.87 | 2.08 | 2.62 | 1.98 | 1.82 | 1.99 | 2.00 | 2.23 | |||||
| P/S TTM | 7.40 | 8.31 | 9.30 | 9.32 | 9.32 | 9.36 | 12.02 | 8.92 | 11.46 | 12.75 | 12.92 | 18.11 | |||||
| Market Cap | 249.48M | 254.76M | 274.03M | 243.17M | 255.69M | 280.09M | 350.01M | 256.48M | 224.01M | 240.15M | 240.79M | 264.10M | |||||
| Enterprise Value | 248.97M | 251.12M | 258.16M | 221.58M | 242.09M | 264.82M | 332.52M | 238.01M | 207.66M | 223.75M | 223.03M | 242.53M | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 7.57M | 3.68M | 6.51M | 13.16M | 6.98M | 8.30M | 9.21M | 2.31M | -162.00K | 3.83M | -2.81M | -2.34M | |||||
| Net Debt | -510.00K | -3.63M | -15.88M | -21.59M | -13.60M | -15.27M | -17.49M | -18.47M | -16.35M | -16.40M | -17.76M | -21.57M | |||||
Per-Share and Margin | |||||||||||||||||
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Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
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Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
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| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
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| Net Profit Margin Growth (1Y) | |||||||||||||||||
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| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
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| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
| NCAV | |||||||||||||||||
| NCAV Per Share TTM | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| PEG Ratio | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
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| Total Debt | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
PURE CYCLE CORP (PCYO) — SEC Financial Statements & Analysis
PURE CYCLE CORP (PCYO) is a water supply company, incorporated in CO. PURE CYCLE CORP trades on Nasdaq as: PCYO. Based on its latest SEC filing (Form 10-Q, period ending 2026-05-31), PURE CYCLE CORP reported a 22.88% year-over-year revenue growth, a Gross Profit Margin of 70.54% (TTM), a Debt-to-Equity ratio of 0.16x, a Price-to-Sales (P/S) ratio of 7.40x (TTM), a Price-to-Book (P/B) ratio of 1.65x (TTM), at a market cap of $249.48M. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 22.88%
- Gross Profit Margin TTM
- 70.54%
- Debt To Equity
- 0.16x
- P/S TTM
- 7.40x
- P/B TTM
- 1.65x
- Market Cap
- $249.48M
Data as of 2026-05-31 · Source: SEC EDGAR
Frequently Asked Questions
What industry is PURE CYCLE CORP in?
PURE CYCLE CORP (PCYO) operates in the Water Supply industry.
What is PCYO's market cap?
PURE CYCLE CORP (PCYO) has a market capitalization of $249.48M as of 2026-05-31.
What is PCYO's P/E ratio?
PURE CYCLE CORP (PCYO)'s trailing twelve month P/E ratio is 16.94x as of 2026-05-31.
What exchange does PCYO trade on?
PURE CYCLE CORP (PCYO) trades on the Nasdaq.
Where is PURE CYCLE CORP incorporated?
PURE CYCLE CORP is incorporated in CO.