{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-24-000302","form_type":"8-K","ticker":"PCYO","cik":"0000276720","company_name":"PURE CYCLE CORP","filed_at":"2024-01-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.515306+00:00","generated_at":"2026-06-06T23:32:32.312744+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Pure Cycle Q1 net income $2.1M, revenue $5.4M, up 315% YoY; 18th consecutive profitable quarter","bullets":["Net income $2.1M ($0.09 EPS) vs $159K ($0.01) prior year; EBITDA $3.4M.","Revenue $5.4M (up 315% YoY) driven by 270% lot sale increase and 300%+ water/wastewater revenue increase.","Delivered 623 acre-feet of water vs 207 prior year, driven by oil & gas water sales.","Sold 15 water/wastewater taps for $0.6M; Phase 2 tap revenue expected to exceed $20M over 3-5 years.","Cash $21.8M; working capital $20.4M; 14 rental homes occupied, 17 more planned."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-24-000302","json":"https://secwatch.observer/filing/0001558370-24-000302.json","markdown":"https://secwatch.observer/filing/0001558370-24-000302.md","text":"https://secwatch.observer/filing/0001558370-24-000302.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/276720/000155837024000302/0001558370-24-000302-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/276720/000155837024000302/pcyo-20240112x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T23:32:32.312744+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0764b623c182f2a7ebc82d873c4e5fa66a259a7a","claim":"PURE CYCLE CORP reported the three months ended November 30, 2023 results: revenue $5.4 million, net income $2.1 million, EPS $0.09.","evidence_excerpt":"water and wastewater revenue for the three months ended November 30, 2023, compared to 2022, due to an increase in oil and gas water sales. ​ Q1 2024 Highlights ​ Ø Revenues of $5.4 million, which drove p re-tax income of $2.8 million; Ø Net income of $2.1 million; Ø EBITDA of $3.4 million (see table below for re conciliation of net income to EBITDA); Ø Cash totaled","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/276720/000155837024000302/0001558370-24-000302-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended November 30, 2023"},{"label":"Revenue","value":"$5.4 million"},{"label":"Net income","value":"$2.1 million"},{"label":"EPS","value":"$0.09"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}