---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-004657"
form_type: "8-K"
ticker: "PCYO"
cik: "0000276720"
company_name: "PURE CYCLE CORP"
filed_at: "2025-04-10T23:59:59+00:00"
generated_at: "2026-05-23T17:37:13.659892+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Pure Cycle Q2 net income $0.8M, revenue $4.0M; Sky Ranch development expands

## Summary
- Revenue $4.0M (+25% YoY); net income $0.8M vs $0.1M; EPS $0.03 vs $0.00.
- Water/wastewater tap sales $2.1M (Q2) and $3.6M (six months); 895 taps sold to date.
- Oil & gas royalty income $1.9M (Q2) and $4.7M (six months) from 6 new wells.
- Sky Ranch phases 2C (228 lots) and 2D (218 lots) under development; Phase 2E planned.
- Cash $16.8M, working capital $19.8M; share repurchase program ongoing.

## SEC filing metadata
- accession: 0001558370-25-004657
- form_type: 8-K
- ticker: PCYO
- cik: 0000276720
- company_name: PURE CYCLE CORP
- filed_at: 2025-04-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/276720/000155837025004657/0001558370-25-004657-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/276720/000155837025004657/pcyo-20250409x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-004657
- JSON: https://secwatch.observer/filing/0001558370-25-004657.json
- Plain text: https://secwatch.observer/filing/0001558370-25-004657.txt

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