Every 10-Q that Pure Cycle Corporation (PCYO) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow PCYO and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PCYO filings page.
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 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.
Pure Cycle Corporation reported strong quarterly growth driven by land development at its Sky Ranch community. For the three months ended November 30, 2025, total revenues rose to $9.1M from $5.8M, mainly as lot sales revenue increased to $6.0M from $2.3M. Water and wastewater revenue was $2.5M, modestly below the prior year, as higher tap fees offset lower metered usage.
Net income increased to $4.6M from $3.9M, and diluted earnings per share improved to $0.19 from $0.16, reflecting higher gross profit from land development. Operating income rose to $4.4M from $1.7M despite lower oil and gas royalty income, which declined to $0.7M from $2.8M.
Cash, cash equivalents and restricted cash totaled $23.9M versus $24.4M a year earlier, as the company invested in Sky Ranch infrastructure, water systems and single-family rentals. Related party notes receivable from the Sky Ranch Community Authority Board and Rangeview District increased to $51.8M, and total assets reached $168.1M. A Water Court settlement granted new Box Elder Creek water rights, with a planned $0.9M payment to be capitalized as a new water asset in fiscal 2026.