Purecycle Technologies Inc Financials
Purecycle Technologies Inc (PCT) reported $8.4M in revenue for fiscal year 2025. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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).
PureCycle’s economic story is still a capital-heavy scale-up, with financing more decisive than current sales.
From FY2024 to FY2025, the liquidity rebound was financing-driven: financing cash flow of$323.7M rebuilt cash to$156.7M . That stronger cash position did not mean the business funded itself, because debt-to-equity reached 19.1x while equity was only$45.9M , leaving a thinner ownership cushion under a larger liability load.
Interest expense outstripped sales in FY2025, with revenue of
FY2025 showed a gap between accounting loss and cash burn: net income was
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Purecycle Technologies Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Purecycle Technologies Inc's reported operating margin for fiscal year 2025 is below the lowest share of revenue this page publishes, so the figure is not shown here. This dimension scores 1/100.
Not available for Purecycle Technologies Inc, and counted as zero in the overall score.
Purecycle Technologies Inc has elevated debt relative to equity (D/E of 19.11), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 2/100, reflecting increased financial risk.
Purecycle Technologies Inc's current ratio of 2.26 indicates adequate short-term liquidity, earning a score of 64/100. The company can meet its near-term obligations, though with limited headroom.
Purecycle Technologies Inc's reported free cash flow margin for fiscal year 2025 is below the lowest share of revenue this page publishes, so the figure is not shown here. This dimension scores 1/100.
Purecycle Technologies Inc posts a -397.9% return on equity (ROE), meaning it loses $398 for every $100 of shareholders' equity. This results in a returns score of 14/100. This is down from -160.2% the prior year.
Purecycle Technologies Inc scores -0.80, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($1.4B) relative to total liabilities ($876.8M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Purecycle Technologies Inc passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
Purecycle Technologies Inc reported a net loss of $182.6M while operations used $142.7M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Purecycle Technologies Inc reported an operating loss of $181.4M against $64.4M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Purecycle Technologies Inc generated $8.4M in revenue in fiscal year 2025.
Purecycle Technologies Inc's EBITDA was -$152.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 33.5% from the prior year.
Purecycle Technologies Inc reported -$182.6M in net income in fiscal year 2025. This represents an increase of 36.9% from the prior year.
Purecycle Technologies Inc earned -$1.21 per diluted share (EPS) in fiscal year 2025. This represents an increase of 30.9% from the prior year.
Cash & Balance Sheet
Purecycle Technologies Inc recorded an outflow of $183.6M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents an increase of 8.4% from the prior year.
Purecycle Technologies Inc held $156.7M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
Purecycle Technologies Inc's ROE was -397.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 237.6 percentage points from the prior year.
Not reported for fiscal year 2025.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Purecycle Technologies Inc invested $5.9M in research and development in fiscal year 2025. This represents a decrease of 8.6% from the prior year.
Purecycle Technologies Inc spent $4.9M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 204.6% from the prior year.
Purecycle Technologies Inc invested $40.8M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 26.5% from the prior year.
PCT Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|---|
| Revenue | $13.8M | $8.4M | $0 | $0 | N/A | N/A | N/A |
| R&D Expenses | $5.9M | $5.9M-8.6% | $6.5M-2.0% | $6.6M+52.1% | $4.3M+17.8% | $3.7M+469.8% | $648K |
| SG&A Expenses | $52.5M | $59.5M+11.9% | $53.1M-3.8% | $55.3M+3.8% | $53.2M-7.6% | $57.6M+106.0% | $28.0M |
| Operating Income | -$181.2M | -$181.4M-24.8% | -$145.4M-27.6% | -$113.9M | N/A | N/A | N/A |
| Interest Expense | $62.5M | $64.4M+13.4% | $56.9M+81.2% | $31.4M+1256.7% | $2.3M-69.1% | $7.5M+82.0% | $4.1M |
| Income Tax | $970K | $970K+1327.8% | -$79K-112.2% | $650K | $0 | $0 | $0 |
| Net Income | -$222.8M | -$182.6M+36.9% | -$289.1M-184.3% | -$101.7M-20.0% | -$84.7M-9.3% | -$77.5M-46.3% | -$53.0M |
| EPS (Diluted) | — | -$1.21+30.9% | -$1.75-177.8% | -$0.63-14.5% | -$0.55 | -$0.79 | -$1.96 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
PCT Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|
| Total Assets | $922.7M+15.6% | $798.4M-23.2% | $1.0B+20.7% | $861.3M+29.6% | $664.7M+62.9% | $408.0M |
| Current Assets | $198.0M+267.4% | $53.9M-66.9% | $162.6M-31.1% | $236.2M-31.6% | $345.3M+431.8% | $64.9M |
| Cash & Equivalents | $156.7M+899.1% | $15.7M-78.6% | $73.4M+14.9% | $63.9M+91.2% | $33.4M-48.2% | $64.5M |
| Inventory | $13.8M+70.9% | $8.1M+68.8% | $4.8M | N/A | N/A | N/A |
| Accounts Receivable | $2.0M | $0 | N/A | N/A | N/A | N/A |
| Total Liabilities | $876.8M+41.9% | $617.9M-0.2% | $619.1M+76.7% | $350.5M+23.8% | $283.1M-4.4% | $296.2M |
| Current Liabilities | $87.6M-3.6% | $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 | N/A | $233.5M+0.4% | $232.5M | N/A |
| Total Equity | $45.9M-74.6% | $180.4M-57.1% | $420.2M-17.7% | $510.9M+33.9% | $381.5M+241.4% | $111.7M |
| Retained Earnings | -$815.9M-28.8% | -$633.4M-84.0% | -$344.2M-41.9% | -$242.5M-53.7% | -$157.8M-95.5% | -$80.7M |
Not reported in any period shown, so not listed: Goodwill.
PCT Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$159.8M | -$142.7M+1.4% | -$144.8M-52.6% | -$94.9M-44.9% | -$65.5M-20.1% | -$54.5M-203.6% | -$18.0M |
| Capital Expenditures | $52.4M | $40.8M-26.5% | $55.6M-63.9% | $153.9M-46.4% | $287.2M+109.0% | $137.4M+360.8% | $29.8M |
| Free Cash Flow | -$212.2M | -$183.6M+8.4% | -$200.4M+19.5% | -$248.8M+29.5% | -$352.7M-83.8% | -$191.9M-301.7% | -$47.8M |
| Investing Cash Flow | -$111.9M | -$54.5M-677.1% | -$7.0M+93.1% | -$102.1M+53.2% | -$218.4M+28.5% | -$305.6M-925.0% | -$29.8M |
| Financing Cash Flow | $151.1M | $323.7M+396.5% | -$109.2M-140.1% | $272.0M+9.9% | $247.5M-15.6% | $293.4M-22.4% | $378.2M |
| Share Buybacks | $4.6M | $4.9M+204.6% | $1.6M+18.1% | $1.4M-16.4% | $1.6M-3.3% | $1.7M | $0 |
Not reported in any period shown, so not listed: Dividends Paid.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
PCT Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|---|
| Operating Margin | -2171.6% | N/A | N/A | N/A | N/A | N/A |
| Net Margin | -2185.1% | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | -397.9%-237.6pp | -160.2%-136.0pp | -24.2%-7.6pp | -16.6%+3.7pp | -20.3%+27.1pp | -47.4% |
| Return on Assets | -19.8%+16.4pp | -36.2%-26.4pp | -9.8%+0.1pp | -9.8%+1.8pp | -11.7%+1.3pp | -13.0% |
| Current Ratio | 2.26+1.7x | 0.59-2.3x | 2.92-3.2x | 6.17-2.8x | 8.98+7.0x | 1.96 |
| Debt-to-Equity | 19.11+15.7x | 3.42+2.0x | 1.47+1.0x | 0.46-0.2x | 0.61-2.0x | 2.65 |
| FCF Margin | -2197.3% | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Gross Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
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Where Purecycle Technologies Inc Ranks
Frequently Asked Questions
What is Purecycle Technologies Inc's annual revenue?
Purecycle Technologies Inc (PCT) reported $8.4M in total revenue for fiscal year 2025. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Is Purecycle Technologies Inc profitable?
No, Purecycle Technologies Inc (PCT) reported a net income of -$182.6M in fiscal year 2025.
What is Purecycle Technologies Inc's EBITDA?
Purecycle Technologies Inc (PCT) had EBITDA of -$152.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Purecycle Technologies Inc's return on equity (ROE)?
Purecycle Technologies Inc (PCT) has a return on equity of -397.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Purecycle Technologies Inc's free cash flow?
Purecycle Technologies Inc (PCT) recorded an outflow of $183.6M in free cash flow during fiscal year 2025. This represents a 8.4% 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) recorded an outflow of $142.7M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Purecycle Technologies Inc's total assets?
Purecycle Technologies Inc (PCT) had $922.7M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Purecycle Technologies Inc's capital expenditures?
Purecycle Technologies Inc (PCT) invested $40.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Purecycle Technologies Inc spend on research and development?
Purecycle Technologies Inc (PCT) invested $5.9M in research and development during fiscal year 2025.
What is Purecycle Technologies Inc's current ratio?
Purecycle Technologies Inc (PCT) had a current ratio of 2.26 as of fiscal year 2025, which is generally considered healthy.
What is Purecycle Technologies Inc's debt-to-equity ratio?
Purecycle Technologies Inc (PCT) had a debt-to-equity ratio of 19.11 as of fiscal year 2025, 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 -19.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Purecycle Technologies Inc's cash runway?
Based on fiscal year 2025 data, Purecycle Technologies Inc (PCT) had $156.7M in cash against an annual operating cash burn of $142.7M. This gives an estimated cash runway of approximately 13 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 Altman Z-Score?
Purecycle Technologies Inc (PCT) has an Altman Z-Score of -0.80, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Purecycle Technologies Inc's Piotroski F-Score?
Purecycle Technologies Inc (PCT) has a Piotroski F-Score of 4 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Purecycle Technologies Inc's earnings high quality?
Purecycle Technologies Inc (PCT) reported a net loss of $182.6M while operations used $142.7M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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. Learn more in our complete guide to financial health indicators.
Can Purecycle Technologies Inc cover its interest payments?
Purecycle Technologies Inc (PCT) reported an operating loss of $181.4M against $64.4M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Purecycle Technologies Inc?
Purecycle Technologies Inc (PCT) scores 14 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.