---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-041286"
form_type: "8-K"
ticker: "PCYO"
cik: "0000276720"
company_name: "PURE CYCLE CORP"
filed_at: "2026-04-09T23:59:59+00:00"
generated_at: "2026-05-15T06:50:31.662233+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Pure Cycle Q2 FY2026 revenue up 29% to $5.2M, EPS $0.05 vs $0.03 YoY

## Summary
- Revenue $5.2M (Q2) and $14.3M (YTD), up 29% and 47% YoY; net income $1.1M and $5.7M, up 37% and 20%.
- EPS diluted $0.05 Q2, $0.23 YTD; 27th consecutive profitable quarter.
- Sky Ranch Phase 2D 78% complete; expects substantial completion in Q3 FY2026; Phase 2E (159 lots) in FY2027.
- Single-family rental: 19 units built, 39 under construction; slowed expansion due to regulatory uncertainty.
- Cash $4.8M; working capital $3.8M; $56.3M note receivable; expect $18.9M milestone payments over 12 months.

## SEC filing metadata
- accession: 0001104659-26-041286
- form_type: 8-K
- ticker: PCYO
- cik: 0000276720
- company_name: PURE CYCLE CORP
- filed_at: 2026-04-09T23:59:59+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/276720/000110465926041286/0001104659-26-041286-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/276720/000110465926041286/pcyo-20260408x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-041286
- JSON: https://secwatch.observer/filing/0001104659-26-041286.json
- Plain text: https://secwatch.observer/filing/0001104659-26-041286.txt

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