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 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.
Pure Cycle Corp insider group reported acquiring additional common stock. On January 14, 2026, entities associated with Daniel J. Roller reported the acquisition of 2,653 shares of Pure Cycle common stock at a stated price of $0.00 per share, resulting in 2,653 shares held directly.
The filing also lists indirect holdings of 469,000 shares held by Maran Partners Fund, LP, 480,000 shares held by Maran SPV1 LP, and 2,600,000 shares held by Plaisance SPV I, LLC. The reporting persons state they are part of a Section 13(d) group that collectively owns more than 10% of Pure Cycle’s outstanding common stock and disclaim beneficial ownership except to the extent of their pecuniary interest.
Pure Cycle Corp director Susan Diane Heitmann reported a stock award of company shares. On 01/14/2026, she acquired 2,653 shares of Common Stock in a transaction coded "A," which typically denotes an award or grant. The shares were recorded at a price of $0 per share, indicating they were granted rather than purchased on the open market.
Following this transaction, Heitmann directly beneficially owns 6,827 shares of Pure Cycle Corp common stock. The filing is made as a Form 4 by a single reporting person in her capacity as a director of the company.
Pure Cycle Corp director Patrick Beirne reported a stock award of common shares. On 01/14/2026, he acquired 2,653 shares of Pure Cycle common stock in a transaction coded "A," which typically indicates an award or grant, at a reported price of $0 per share.
Following this grant, Beirne beneficially owned 27,258 shares of Pure Cycle common stock, held in direct ownership. This filing reflects an increase in his equity stake as a board member rather than an open-market purchase or sale.