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Pure Cycle PCYO Q4 2025 Annual earnings

Reported November 12, 2025 · After market close

Revenue$11.2M
EPS$0.25

Next report

Date not yet announced

Financials

Q4 2025

Income statement

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Revenue$11.2M-10.8%
Gross profit$7.6M-22.4%
Operating income$5.9M-23.7%
Net income$6.1M-7.5%
EPS (diluted)$0.25-7.4%

Balance sheet

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Cash & equivalents$21.9M-0.8%
Total debt$6.8M-2.5%
Total equity$142.7M+10.1%
Total assets$162.3M+10.1%

Cash flow

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Operating cash flow$9.3M+199%
CapEx$579.0K+1,082%
Free cash flow$8.7M+185%

Valuation & ratios

Valuation

as of 08/31/25
See full
Market cap$243.15M-5.2%
Enterprise value$228.02M-5.5%
P/E18.5×-3.5×
P/S9.3×+0.4×

Profitability

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Gross margin61.5%-7.3pp
Operating margin29.4%-13.2pp
Net margin50.3%+9.9pp

Returns & leverage

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Return on equity9.6%+0.3pp
Debt / equity0×0.0×
Current ratio2.7×-1.3×

Segments

By segment

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Land Development$8.3M-11.4%
Water And Wastewater Resource Development$2.8M-9.4%

By product

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Lot Sales$7.7M-4.9%
Wastewater Tap Fee$400.0K+33.3%

FAQ

When did Pure Cycle report Q4 2025 earnings?
Pure Cycle (PCYO) reported Q4 2025 earnings on November 12, 2025 after market close.
What were Pure Cycle's Q4 2025 revenue and EPS?
Pure Cycle reported revenue of $11.2M and eps of $0.25 for Q4 2025.
How did Pure Cycle's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 61.0% from $28.7M a year earlier and eps declined 7.4% from $0.27.
Where can I find Pure Cycle's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001104659-25-111010) and the 10-K periodic report (0001104659-25-110312) directly on SEC EDGAR. The filing index links above go to sec.gov.