---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-000231"
form_type: "8-K"
ticker: "PCYO"
cik: "0000276720"
company_name: "PURE CYCLE CORP"
filed_at: "2022-01-12T23:59:59+00:00"
generated_at: "2026-06-27T18:45:28.078068+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Pure Cycle Q1 2022 net income $1.5M, revenue $4.3M, launches single-family rentals

## Summary
- Net income $1.5M ($0.06 EPS) vs $0.8M ($0.04 EPS) in Q1 2021.
- Revenue $4.3M, down 12% from $4.9M due to lower tap fees; lot sales up 25% to $2.9M.
- First three single-family rental homes completed, rented within ten days at rates above budget.
- Water deliveries to Sky Ranch increased 42% to 17.3M gallons; second phase lots 43% complete.

## SEC filing metadata
- accession: 0001558370-22-000231
- form_type: 8-K
- ticker: PCYO
- cik: 0000276720
- company_name: PURE CYCLE CORP
- filed_at: 2022-01-12T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/276720/000155837022000231/0001558370-22-000231-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/276720/000155837022000231/pcyo-20220110x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-000231
- JSON: https://secwatch.observer/filing/0001558370-22-000231.json
- Plain text: https://secwatch.observer/filing/0001558370-22-000231.txt

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