---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-21-015737"
form_type: "8-K"
ticker: "PCYO"
cik: "0000276720"
company_name: "PURE CYCLE CORP"
filed_at: "2021-11-12T23:59:59+00:00"
generated_at: "2026-06-28T09:31:49.039731+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Pure Cycle reports $20.1M net income for fiscal 2021; lot sales and tap fees drive revenue

## Summary
- Revenue of $17.1M; gross profit $10.7M; net income $20.1M.
- 505 lots sold since 2018; 657 total lots sold through Aug 31, 2021.
- Tap fees of $5.2M from 163 water/wastewater taps at Sky Ranch.
- Oil and gas revenue $2.8M; industrial water 60% of 258M gallons delivered.
- Working capital $26.3M including $20.1M cash; launched single-family rental business with three homes.

## SEC filing metadata
- accession: 0001558370-21-015737
- form_type: 8-K
- ticker: PCYO
- cik: 0000276720
- company_name: PURE CYCLE CORP
- filed_at: 2021-11-12T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/276720/000155837021015737/0001558370-21-015737-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/276720/000155837021015737/pcyo-20211109x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-21-015737
- JSON: https://secwatch.observer/filing/0001558370-21-015737.json
- Plain text: https://secwatch.observer/filing/0001558370-21-015737.txt

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