Welcome to our dedicated page for PURE CYCLE SEC filings (Ticker: PCYO), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Pure Cycle Corporation filings document formal disclosures for a Colorado operating company with common stock listed on Nasdaq under PCYO. Recent Form 8-K reports include operating and financial results furnished through earnings press releases, capital-structure information for the registered common stock, and material-event disclosures tied to the company's business and governance.
The filing record also covers material definitive agreements, shareholder-related arrangements, board composition, committee formation, and other governance matters. These disclosures sit alongside company-specific reporting on water and wastewater operations, Sky Ranch land development, single-family rental activity, and related risk and capital-allocation topics.
Pure Cycle Corp investors led by Maran Capital filed Amendment No. 2 to their Schedule 13D on the company’s common stock. Maran Capital Management reports beneficial ownership of 3,549,000 shares, representing 14.7% of the class. On May 21, 2026, Daniel J. Roller resigned from the Board, and on July 7, 2026, Daniel Kozlowski also resigned. Maran Capital Management intends to exercise its replacement rights for both former directors under a Cooperation Agreement with Pure Cycle dated January 14, 2026.
Pure Cycle Corporation reported strong growth for Q3 and the first nine months of fiscal 2026 and announced a board transition. Net income reached $2.9 million for the quarter and $8.6 million year to date, up 31% and 23% from 2025. Diluted EPS rose to $0.12 for the quarter and $0.36 year to date, increases of 33% and 24%. Total revenue grew to $8.2 million in Q3 and $22.5 million year to date, gains of 60% and 51%, driven by higher land development activity and sharply higher water and wastewater revenue tied to oil and gas demand. The company continues to advance its Sky Ranch development and single-family rental program while maintaining positive EBITDA. Director Daniel R. Kozlowski resigned from the board effective July 7, 2026, with no disagreement reported.
Pure Cycle Corporation reported stronger results for the quarter and nine months ended May 31, 2026, driven by its water, land development and rental businesses at the Sky Ranch Master Planned Community near Denver.
Total revenue for the nine months rose to $22.5 million, led by land development revenue of $11.9 million and water and wastewater revenue of $10.1 million. Net income increased to $8.6 million, or $0.36 per diluted share, with higher industrial water sales to oil and gas operators and continued lot sales in Sky Ranch Phases 2B–2D.
At May 31, 2026, Pure Cycle had $14.6 million in cash, cash equivalents and restricted cash and total debt of $14.2 million. The company owned 38 single-family rental homes that were leased and has begun expanding that portfolio, supported by a growing note receivable of $58.2 million from the Sky Ranch Community Authority Board for reimbursable public improvements.
Pure Cycle Corporation reported that director Daniel J. Roller resigned from its Board of Directors on May 21, 2026, effective immediately. The company states that his resignation did not result from any disagreement regarding its operations, policies, or practices.
The Form 8-K was signed on behalf of Pure Cycle by Vice President and Chief Financial Officer Marc Spezialy.
Pure Cycle Corporation reported higher results for the three and six months ended February 28, 2026. Net income rose to $1.1 million for the quarter and $5.7 million year-to-date, marking the company’s twenty-seventh consecutive profitable quarter.
Quarterly diluted earnings per share increased to $0.05, with year-to-date diluted EPS of $0.23, up from $0.03 and $0.20 in the prior-year periods. Total revenue grew to $5.2 million for the quarter and $14.3 million year-to-date, driven by land development and water and wastewater activities at the Sky Ranch community.
Pure Cycle Corporation reported higher results for the quarter and six months ended February 28, 2026. Quarterly revenue rose to $5.2 million from $4.0 million, driven by stronger land development activity and higher water and wastewater usage, including sales to oil and gas operators.
Net income for the quarter increased to $1.1 million, or $0.05 per diluted share, compared with $0.8 million or $0.03 a year earlier. For the six-month period, revenue grew to $14.3 million and net income to $5.7 million, supported by ongoing build-out at the Sky Ranch community, higher tap and lot-related revenues, and interest income from related party notes.
Maran Capital and affiliated investors report a significant stake in Pure Cycle Corporation and outline a new cooperation agreement on board composition and governance. The group, including Maran Capital Management, Plaisance SPV I and others, reports that Daniel J. Roller may be deemed to beneficially own 3,551,653 shares of Common Stock, or approximately 14.7% of Pure Cycle’s 24,090,605 shares outstanding as of January 6, 2026.
Under a January 14, 2026 agreement, Pure Cycle will appoint Roller as a director for a term ending at the 2027 annual meeting and name him chair of a new Strategy and Capital Allocation Committee. Maran receives replacement rights if its director or Daniel Kozlowski leaves while the group owns at least 12.2% of shares and agrees to vote with the board’s recommendations during a defined standstill period, subject to customary carve-outs and an ownership cap of 17.2% of outstanding Common Stock.
Pure Cycle Corp director reports stock acquisition Daniel R. Kozlowski, a director of Pure Cycle Corp, reported acquiring 2,653 shares of the company’s common stock on January 14, 2026 in a Form 4 filing. The transaction is coded as an acquisition at a reported price of $0 per share, and follows a single line item in the non-derivative securities table. After this transaction, Kozlowski beneficially owns 351,210 shares of Pure Cycle common stock, held in direct form.
Pure Cycle Corporation entered into a cooperation agreement with Maran Capital Management, which beneficially owns approximately 14.7% of the company’s common stock. Under the agreement, Pure Cycle will expand its Board of Directors from seven to eight members and appoint Daniel J. Roller to the board following the 2026 annual shareholder meeting, with his term running until the 2027 annual meeting. The board is also creating a Strategy and Capital Allocation Committee, chaired by Mr. Roller, to review strategic and capital allocation matters.
Maran agreed during the standstill period to vote its shares in line with board recommendations and to refrain from certain activist actions. At the 2026 annual meeting, shareholders voted on director elections, executive compensation and its frequency, with 84.94% of eligible shares present. Shareholders indicated a preference for an annual advisory vote on executive compensation, and the board plans to continue holding the say‑on‑pay vote every year.
Pure Cycle Corp director Wanda J. Abel reported receiving 2,653 shares of common stock on January 14, 2026, in a no-cost award. The Form 4 shows the transaction coded as an acquisition at a price of $0 per share, which is typical for equity compensation grants to board members. Following this award, Abel beneficially owns 13,258 shares of Pure Cycle common stock held directly. This filing simply updates the public record of her ownership and reflects additional stock-based compensation rather than a cash purchase.