---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-082168"
form_type: "8-K"
ticker: "PCYO"
cik: "0000276720"
company_name: "PURE CYCLE CORP"
filed_at: "2026-07-09T15:00:20+00:00"
generated_at: "2026-07-09T15:01:09.971818+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Pure Cycle Q3 net income up 31% to $2.9M; revenue +60% to $8.2M; director resigns

## Summary
- Q3 FY2026 revenue $8.2M (+60% YoY); net income $2.9M (+31% YoY); diluted EPS $0.12 vs $0.09.
- Water deliveries surged to 631 acre-feet (vs 76 a year ago) on oil & gas demand; tap sales up to 66 water taps.
- Land development revenue $3.3M (+16% YoY); Phase 2D ~84% complete, Phase 2E development begun (159 lots).
- Director Daniel R. Kozlowski resigned effective July 7, 2026; no disagreement cited; search for successor underway.
- Single-family rental: 38 homes rented, 23 of 33 additional units under contract; pause on further expansion.

## SEC filing metadata
- accession: 0001104659-26-082168
- form_type: 8-K
- ticker: PCYO
- cik: 0000276720
- company_name: PURE CYCLE CORP
- filed_at: 2026-07-09T15:00:20+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/276720/000110465926082168/0001104659-26-082168-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/276720/000110465926082168/pcyo-20260707x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-082168
- JSON: https://secwatch.observer/filing/0001104659-26-082168.json
- Plain text: https://secwatch.observer/filing/0001104659-26-082168.txt

## Key facts
- Executive change
  Daniel R. Kozlowski resigned as Director at PURE CYCLE CORP.
  - Action: resigned
  - Role: Director
  source text: On July 7, 2026, Daniel R. Kozlowski notified the Board of Directors (the “ Board ”) of the Registrant of his resignation from the Board, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/276720/000110465926082168/0001104659-26-082168-index.htm

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