---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-001988"
form_type: "8-K"
ticker: "PCYO"
cik: "0000276720"
company_name: "PURE CYCLE CORP"
filed_at: "2026-01-08T23:59:59+00:00"
generated_at: "2026-05-16T11:16:21.674461+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Pure Cycle Q1 net income $4.6M ($0.19 EPS), up 16% YoY; revenue up 59% on lot sales

## Summary
- Net income $4.6M ($0.19 diluted EPS), up 16% YoY; revenue $9.1M, up 59%.
- Land development lot sales revenue surged to $6.0M from $2.3M; Phase 2D 65% complete.
- Added Pulte and Oakwood as homebuilder partners; charter school construction begins fall 2026.
- Water deliveries fell to 147 acre-ft (from 301) due to lower oil & gas activity; taps sold increased to 51.
- Cash & equivalents $17.1M; working capital $14.8M; 26th consecutive quarterly profit.

## SEC filing metadata
- accession: 0001104659-26-001988
- form_type: 8-K
- ticker: PCYO
- cik: 0000276720
- company_name: PURE CYCLE CORP
- filed_at: 2026-01-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/276720/000110465926001988/0001104659-26-001988-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/276720/000110465926001988/pcyo-20260107x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-001988
- JSON: https://secwatch.observer/filing/0001104659-26-001988.json
- Plain text: https://secwatch.observer/filing/0001104659-26-001988.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.