secwatch.observer — SEC 8-K summary
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Issuer:     PURE CYCLE CORP (PCYO)
CIK:        0000276720
Form:       8-K
Filed at:   2025-11-13T23:59:59+00:00
Accession:  0001104659-25-111010
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/276720/000110465925111010/0001104659-25-111010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/276720/000110465925111010/pcyo-20251112x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-111010

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer