secwatch.observer — SEC 8-K summary
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Issuer:     PURE CYCLE CORP (PCYO)
CIK:        0000276720
Form:       8-K
Filed at:   2026-04-09T23:59:59+00:00
Accession:  0001104659-26-041286
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/276720/000110465926041286/0001104659-26-041286-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/276720/000110465926041286/pcyo-20260408x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-041286

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