Pure Cycle FY2025 net income $13.1M (+13% YoY), EPS $0.54, oil & gas royalty +738%

PURE CYCLE CORP

Net income $13.1M vs $11.6M in FY2024; diluted EPS $0.54 vs $0.48 (up 12.5%).
Revenue $26.1M (down 9% YoY) driven by lower lot sales; oil & gas royalty income surged 738% to $6.7M.
182 water/wastewater taps sold vs 73 in FY2024; average tap price ~$40,000.
Lot sales $13.7M; Phase 2D expected complete in FY2026, Phase 2E by FY2027.
Single-family rental: 14 homes operating; 5 new townhomes online; under contract for 40 more in FY2026.

item 2.02 item 7.01 item 9.01

Machine-readable event card

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form_type: 8-K
ticker: PCYO
cik: 0000276720
company_name: PURE CYCLE CORP
filed_at: 2025-11-13T23:59:59+00:00
discovered_at: 2026-05-14T18:02:41.645381+00:00
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accession 0001104659-25-111010

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