Purecycle Technologies Inc Financials

PCT

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Purecycle Technologies Inc (PCT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Key Financial Metrics

Revenue

N/A

EBITDA

N/A

Free Cash Flow

-$200.4M

YoY+19.5%

Purecycle Technologies Inc generated -$200.4M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 19.5% from the prior year.

Net Income

-$289.1M

YoY-184.3%

Purecycle Technologies Inc reported -$289.1M in net income in fiscal year 2024. This represents a decrease of 184.3% from the prior year.

EPS (Diluted)

$-1.75

YoY-177.8%

Purecycle Technologies Inc earned $-1.75 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 177.8% from the prior year.

Cash & Debt

$15.7M

YoY-78.6%

Purecycle Technologies Inc held $15.7M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

174M

YoY+5.7%

Purecycle Technologies Inc had 174M shares outstanding in fiscal year 2024. This represents an increase of 5.7% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

R&D Spending

$6.4M

YoY-2.6%

Purecycle Technologies Inc invested $6.4M in research and development in fiscal year 2024. This represents a decrease of 2.6% from the prior year.

Share Buybacks

$1.6M

YoY+18.1%

Purecycle Technologies Inc spent $1.6M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 18.1% from the prior year.

Capital Expenditures

$55.6M

YoY-63.9%

Purecycle Technologies Inc invested $55.6M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 63.9% from the prior year.

PCT Income Statement

Metric	FY24	FY24	FY24	FY23	FY22
Revenue	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A
R&D Expenses	$6.4M-2.6%	$6.6M+51.9%	$4.3M+17.8%	$3.7M+469.8%	$648K
SG&A Expenses	$56.7M+3.2%	$54.9M+3.1%	$53.2M-7.6%	$57.6M+106.0%	$28.0M
Operating Income	N/A	N/A	N/A	N/A	N/A
Interest Expense	$56.9M+81.2%	$31.4M+1256.7%	$2.3M-69.1%	$7.5M+282.0%	-$4.1M
Income Tax	-$79K-112.2%	$650K	$0	$0	$0
Net Income	-$289.1M-184.3%	-$101.7M-20.0%	-$84.7M-9.3%	-$77.5M-46.3%	-$53.0M
EPS (Diluted)	$-1.75-177.8%	$-0.63-14.5%	$-0.55+30.4%	$-0.79+59.7%	$-1.96

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'25	Q2'25	Q1'25	Q4'24
Revenue	$2.4M+47.3%	$1.6M+4.4%	$1.6M	N/A	$0	$0	$0	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	$1.4M+3.3%	$1.4M-9.3%	$1.5M	N/A	$1.5M-1.3%	$1.6M-14.5%	$1.8M	N/A
SG&A Expenses	$10.3M-34.7%	$15.9M+9.5%	$14.5M	N/A	$12.8M-20.7%	$16.1M+1.1%	$16.0M	N/A
Operating Income	-$38.9M+14.6%	-$45.6M-20.9%	-$37.7M	N/A	-$31.3M+21.6%	-$39.9M-2.4%	-$39.0M	N/A
Interest Expense	$16.2M-8.0%	$17.6M+17.1%	$15.1M	N/A	$14.6M+20.8%	$12.1M-19.9%	$15.1M	N/A
Income Tax	$0	$0	$0	N/A	$0	$0	$0	N/A
Net Income	-$28.4M+80.3%	-$144.2M-1733.2%	$8.8M	N/A	-$90.6M-88.0%	-$48.2M+43.7%	-$85.6M	N/A
EPS (Diluted)	$-0.31+61.7%	$-0.81-1720.0%	$0.05	N/A	$-0.54-86.2%	$-0.29+44.2%	$-0.52	N/A

PCT Balance Sheet

Metric	FY24	FY24	FY24	FY23	FY22
Total Assets	$798.4M-23.2%	$1.0B+20.7%	$861.3M+29.6%	$664.7M+62.9%	$408.0M
Current Assets	$53.9M-66.9%	$162.6M-31.1%	$236.2M-31.6%	$345.3M+431.8%	$64.9M
Cash & Equivalents	$15.7M-78.6%	$73.4M+14.9%	$63.9M+91.2%	$33.4M-48.2%	$64.5M
Inventory	$8.1M+68.8%	$4.8M	N/A	N/A	N/A
Accounts Receivable	$0	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$617.9M-0.2%	$619.1M+76.7%	$350.5M+23.8%	$283.1M-4.4%	$296.2M
Current Liabilities	$90.9M+63.4%	$55.6M+45.2%	$38.3M-0.4%	$38.5M+16.3%	$33.1M
Long-Term Debt	N/A	N/A	$233.5M+0.4%	$232.5M	N/A
Total Equity	$180.4M-57.1%	$420.2M-17.7%	$510.9M+33.9%	$381.5M+241.4%	$111.7M
Retained Earnings	-$633.4M-84.0%	-$344.2M-41.9%	-$242.5M-53.7%	-$157.8M-95.5%	-$80.7M

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'25	Q2'25	Q1'25	Q4'24
Total Assets	$989.1M-5.1%	$1.0B+32.4%	$787.3M-1.4%	$798.4M+1.2%	$788.8M+9.6%	$719.8M-1.9%	$734.0M-29.4%	$1.0B
Current Assets	$265.4M-15.7%	$314.9M+534.1%	$49.7M-7.9%	$53.9M-46.9%	$101.5M+217.9%	$31.9M-37.6%	$51.2M-68.5%	$162.6M
Cash & Equivalents	$234.4M-17.5%	$284.1M+1163.5%	$22.5M+43.4%	$15.7M-81.3%	$83.7M+668.0%	$10.9M-56.5%	$25.0M-65.9%	$73.4M
Inventory	$10.7M-0.3%	$10.8M+23.9%	$8.7M+7.4%	$8.1M+22.2%	$6.6M+8.3%	$6.1M	N/A	$4.8M
Accounts Receivable	$1.6M-25.0%	$2.1M+42.3%	$1.5M	$0	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$920.9M-2.4%	$943.6M+71.8%	$549.1M-11.1%	$617.9M+12.9%	$547.4M+27.8%	$428.1M+7.8%	$397.2M-35.9%	$619.1M
Current Liabilities	$118.4M-19.5%	$147.1M+62.4%	$90.6M-0.3%	$90.9M+55.9%	$58.3M+22.3%	$47.6M+9.3%	$43.6M-21.7%	$55.6M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$68.2M-31.0%	$98.9M-58.5%	$238.2M+32.0%	$180.4M-25.3%	$241.4M-17.2%	$291.6M-13.4%	$336.8M-19.8%	$420.2M
Retained Earnings	-$797.2M-3.7%	-$768.8M-23.1%	-$624.5M+1.4%	-$633.4M-11.4%	-$568.7M-19.0%	-$478.1M-11.2%	-$429.8M-24.9%	-$344.2M

PCT Cash Flow Statement

Metric	FY24	FY24	FY24	FY23	FY22
Operating Cash Flow	-$144.8M-52.6%	-$94.9M-44.9%	-$65.5M-20.1%	-$54.5M-203.6%	-$18.0M
Capital Expenditures	$55.6M-63.9%	$153.9M-46.4%	$287.2M+109.0%	$137.4M+360.8%	$29.8M
Free Cash Flow	-$200.4M+19.5%	-$248.8M+29.5%	-$352.7M-83.8%	-$191.9M-301.7%	-$47.8M
Investing Cash Flow	-$7.0M+93.1%	-$102.1M+53.2%	-$218.4M+28.5%	-$305.6M-925.0%	-$29.8M
Financing Cash Flow	-$109.2M-140.1%	$272.0M+9.9%	$247.5M-15.6%	$293.4M-22.4%	$378.2M
Dividends Paid	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$1.6M+18.1%	$1.4M-16.4%	$1.6M-3.3%	$1.7M	$0

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'25	Q2'25	Q1'25	Q4'24
Operating Cash Flow	N/A	N/A	-$38.9M	N/A	N/A	N/A	-$39.2M	N/A
Capital Expenditures	N/A	N/A	$15.0M	N/A	N/A	N/A	$14.3M	N/A
Free Cash Flow	N/A	N/A	-$53.9M	N/A	N/A	N/A	-$53.5M	N/A
Investing Cash Flow	N/A	N/A	-$15.0M	N/A	N/A	N/A	$32.0M	N/A
Financing Cash Flow	N/A	N/A	$49.8M	N/A	N/A	N/A	-$255.4M	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	$1.7M	N/A	N/A	N/A	$598K	N/A

PCT Financial Ratios

Metric	FY24	FY24	FY24	FY23	FY22
Gross Margin	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A
Return on Assets	-36.2%-26.4pp	-9.8%+0.1pp	-9.8%+1.8pp	-11.7%+1.3pp	-13.0%
Current Ratio	0.59-2.3	2.92-3.2	6.17-2.8	8.98+7.0	1.96
Debt-to-Equity	3.42+2.0	1.47+1.0	0.46-0.2	0.61-2.0	2.65
FCF Margin	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'25	Q3'25	Q2'25	Q1'25	Q4'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	-1602.2%+1161.3pp	-2763.5%-376.1pp	-2387.4%	N/A	N/A	N/A	N/A	N/A
Net Margin	-1167.5%+7574.3pp	-8741.8%-9300.8pp	559.0%	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	3.7%	N/A	N/A	N/A	N/A	N/A
Return on Assets	-2.9%+11.0pp	-13.8%-15.0pp	1.1%	N/A	-11.5%-4.8pp	-6.7%+5.0pp	-11.7%	N/A
Current Ratio	2.24+0.1	2.14+1.6	0.55-0.0	0.59-1.1	1.74+1.1	0.67-0.5	1.17-1.8	2.92
Debt-to-Equity	13.50+4.0	9.54+7.2	2.31-1.1	3.42+1.2	2.27+0.8	1.47+0.3	1.18-0.3	1.47
FCF Margin	N/A	N/A	-3409.6%	N/A	N/A	N/A	N/A	N/A

Note: The current ratio is below 1.0 (0.59), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Financial Health Signals

Piotroski F-Score Weak

1/9

Financial strength trend (9 signals). 7-9 = strong, 0-3 = weak.

Earnings Quality Low Quality

0.50x

Operating cash flow vs net income. Above 1.0x = cash-backed earnings.

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Frequently Asked Questions

Is Purecycle Technologies Inc profitable?

No, Purecycle Technologies Inc (PCT) reported a net income of -$289.1M in fiscal year 2024.

What is Purecycle Technologies Inc's earnings per share (EPS)?

Purecycle Technologies Inc (PCT) reported diluted earnings per share of $-1.75 for fiscal year 2024. This represents a -177.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Purecycle Technologies Inc's free cash flow?

Purecycle Technologies Inc (PCT) generated -$200.4M in free cash flow during fiscal year 2024. This represents a 19.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Purecycle Technologies Inc's operating cash flow?

Purecycle Technologies Inc (PCT) generated -$144.8M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Purecycle Technologies Inc's total assets?

Purecycle Technologies Inc (PCT) had $798.4M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Purecycle Technologies Inc's capital expenditures?

Purecycle Technologies Inc (PCT) invested $55.6M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Purecycle Technologies Inc spend on research and development?

Purecycle Technologies Inc (PCT) invested $6.4M in research and development during fiscal year 2024.

Does Purecycle Technologies Inc buy back shares?

Yes, Purecycle Technologies Inc (PCT) spent $1.6M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Purecycle Technologies Inc have outstanding?

Purecycle Technologies Inc (PCT) had 174M shares outstanding as of fiscal year 2024.

What is Purecycle Technologies Inc's current ratio?

Purecycle Technologies Inc (PCT) had a current ratio of 0.59 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is Purecycle Technologies Inc's debt-to-equity ratio?

Purecycle Technologies Inc (PCT) had a debt-to-equity ratio of 3.42 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Purecycle Technologies Inc's return on assets (ROA)?

Purecycle Technologies Inc (PCT) had a return on assets of -36.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Purecycle Technologies Inc's cash runway?

Based on fiscal year 2024 data, Purecycle Technologies Inc (PCT) had $15.7M in cash against an annual operating cash burn of $144.8M. This gives an estimated cash runway of approximately 1 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Purecycle Technologies Inc's Piotroski F-Score?

Purecycle Technologies Inc (PCT) has a Piotroski F-Score of 1 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals.

Are Purecycle Technologies Inc's earnings high quality?

Purecycle Technologies Inc (PCT) has an earnings quality ratio of 0.50x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation.