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Pure Cycle PCYO Water And Wastewater Resource Development — Deferred Revenue

Other segment segments

Land Development
$2.75M+180%

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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%
Net income$2.9M+30.7%
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$257.36M+5.4%
Enterprise value$263.04M+11.2%
P/E17.5×-0.5×
P/S7.6×-1.3×

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:ContractWithCustomerLiability.

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

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Questions, answered.

What is Pure Cycle's water and wastewater resource development — deferred revenue?
Pure Cycle (PCYO) reported water and wastewater resource development — deferred revenue of $2K in Q1 2026.
How has Pure Cycle's water and wastewater resource development — deferred revenue changed year-over-year?
Pure Cycle's water and wastewater resource development — deferred revenue decreased by 0.0% year-over-year, from $2K to $2K.
What is the long-term trend for Pure Cycle's water and wastewater resource development — deferred revenue?
Over 2 years (2021 to 2023), Pure Cycle's water and wastewater resource development — deferred revenue has grown at a -16.1% compound annual growth rate (CAGR), from $1.66M to $1.17M.
What does water and wastewater resource development — deferred revenue mean?
This represents the balance of deferred revenue or customer deposits held by the water and wastewater segment for services or infrastructure development yet to be provided. It reflects the company's obligation to deliver future utility services or resource access for which payment has already been received. Monitoring this balance helps assess the pipeline of future service obligations and potential revenue recognition.