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Pure Cycle PCYO Gross margin

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Other financials

Income statement

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Revenue$5.2M+29.4%
Gross profit$2.8M+82.3%
Operating income$263.0K+120%
Net income$1.1M+36.6%
EPS (diluted)$0.05+66.7%

Balance sheet

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Cash & equivalents$4.8M-70.8%
Total debt$8.0M+15.1%
Total equity$148.7M+10.6%
Total assets$166.6M+11.3%

Cash flow

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Operating cash flow-$4.2M
CapEx$303.0K+2,425%
Free cash flow-$4.5M

Valuation

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Market cap$258.15M+3.7%

Where this comes from

Calculated from Pure Cycle’s reported figures.

Based on trailing twelve months.

The official record: Pure Cycle’s 10-Q, filed April 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Pure Cycle's gross margin?
Pure Cycle (PCYO) reported gross margin of 64.8% in Q4 2025.
How has Pure Cycle's gross margin changed year-over-year?
Pure Cycle's gross margin decreased by 2.2% year-over-year, from 66.3% to 64.8%.
What is the long-term trend for Pure Cycle's gross margin?
Over 4 years (2021 to 2025), Pure Cycle's gross margin has grown at a -0.5% compound annual growth rate (CAGR), from 62.6% to 61.5%.
What does gross margin mean?
Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.