---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-21-008793"
form_type: "8-K"
ticker: "PCYO"
cik: "0000276720"
company_name: "PURE CYCLE CORP"
filed_at: "2021-07-07T23:59:59+00:00"
generated_at: "2026-06-30T07:02:34.084599+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Pure Cycle reports Q3 net income >$18M, revenue up 44%; plans BTR rental homes

## Summary
- Net income over $18M for nine months ended May 31, 2021, on $12.3M revenue and $20M other income.
- Revenue increased 44% YoY in Q3, driven by higher water and wastewater tap sales; 59 taps sold for $1.9M.
- Launched Build-to-Rent (BTR) segment; three homes under construction, 100+ lots reserved for future BTR.
- Sky Ranch phase 2 grading nearly done; first lots expected in Q4 fiscal 2021; 330+ homes occupied.
- Error discovered in prior financial statements regarding reimbursables; 10-Q to be filed with corrections.

## SEC filing metadata
- accession: 0001558370-21-008793
- form_type: 8-K
- ticker: PCYO
- cik: 0000276720
- company_name: PURE CYCLE CORP
- filed_at: 2021-07-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/276720/000155837021008793/0001558370-21-008793-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/276720/000155837021008793/pcyo-20210707x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-21-008793
- JSON: https://secwatch.observer/filing/0001558370-21-008793.json
- Plain text: https://secwatch.observer/filing/0001558370-21-008793.txt

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