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Pure Cycle PCYO Net Income

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$43.27M+28.4%

Other financials

Income statement

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Revenue$8.2M+60.0%
Gross profit$4.3M+31.6%
Operating income$2.1M+58.5%
EPS (diluted)$0.12+33.3%

Balance sheet

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Cash & equivalents$8.4M-41.4%
Total debt$14.1M+106%
Total equity$151.6M+10.9%
Total assets$176.0M+16.0%

Cash flow

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Operating cash flow-$4.2M
CapEx$74.0K
Free cash flow-$4.5M

Valuation

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Market cap$277.6M+12.9%
Enterprise value$283.28M+18.9%
P/E18.9×+0.8×
P/S8.2×-0.7×

Profitability

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Gross margin62%-4.4pp
Operating margin37.7%+3.0pp
Net margin43.7%-5.9pp
FCF margin-17.5%

Returns & leverage

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Return on equity10.2%-0.3pp
Debt / equity0.1×0.0×
Current ratio1.5×-2.0×

Where this comes from

Reported directly by Pure Cycle in its filing.

Tagged under the XBRL concept us-gaap:NetIncomeLoss.

The source filing: Pure Cycle’s 10-Q, filed July 8, 2026.

Filed
Jul 8, 2026, 4:00 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q2 2026
Accession
0001104659-26-081778
(In thousands, except share information)Three Months Ended / May 31, 2026Three Months Ended / May 31, 2025Nine Months Ended / May 31, 2026Nine Months Ended / May 31, 2025
Other, net26(7)44115
Income from operations before income taxes3,9032,99311,4459,277
Income tax expense(955)(737)(2,827)(2,275)
Net income$2,948$2,256$8,618$7,002
Earnings per common share - basic and diluted
Basic$0.12$0.09$0.36$0.29
Diluted$0.12$0.09$0.36$0.29
Weighted average common shares outstanding:

Item 1. Consolidated Financial Statements

FAQ

What is Pure Cycle's net income?
Pure Cycle (PCYO) reported net income of $2.95M in Q1 2026.
How has Pure Cycle's net income changed year-over-year?
Pure Cycle's net income increased by 30.7% year-over-year, from $2.26M to $2.95M.
What is the long-term trend for Pure Cycle's net income?
Over 4 years (2021 to 2025), Pure Cycle's net income has grown at a -10.7% compound annual growth rate (CAGR), from $20.66M to $13.11M.
What does net income mean?
The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.

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