---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-000106"
form_type: "8-K"
ticker: "PCYO"
cik: "0000276720"
company_name: "PURE CYCLE CORP"
filed_at: "2025-01-10T23:59:59+00:00"
generated_at: "2026-05-28T05:50:16.236178+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Pure Cycle Q1 net income jumps 91% to $3.9M, EPS $0.16 (up 78% YoY)

## Summary
- Net income $3.937M vs $2.065M; diluted EPS $0.16 vs $0.09; revenue $5.752M (+7% YoY).
- Royalty income surged to $2.807M from $0.034M, driven by six new oil & gas wells.
- EBITDA $5.843M (+71%); cash $19.0M; working capital $20.3M.
- Sky Ranch: Phase 2A complete, Phase 2C 41% done, Phase 2D started Dec 2024.
- Water tap sales $1.466M (up from $0.581M); 38 taps sold vs 15 in prior year.

## SEC filing metadata
- accession: 0001558370-25-000106
- form_type: 8-K
- ticker: PCYO
- cik: 0000276720
- company_name: PURE CYCLE CORP
- filed_at: 2025-01-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/276720/000155837025000106/0001558370-25-000106-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/276720/000155837025000106/pcyo-20250108x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-000106
- JSON: https://secwatch.observer/filing/0001558370-25-000106.json
- Plain text: https://secwatch.observer/filing/0001558370-25-000106.txt

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