Highest-materiality recent filing
Pure Cycle Q3 net income up 31% to $2.9M; revenue +60% to $8.2M; director resigns
Q3 FY2026 revenue $8.2M (+60% YoY); net income $2.9M (+31% YoY); diluted EPS $0.12 vs $0.09.
Director Daniel J. Roller resigns from Pure Cycle board effective May 21, 2026
Daniel J. Roller notified the board of his resignation, effective immediately on May 21, 2026.
Pure Cycle Q2 FY2026 revenue up 29% to $5.2M, EPS $0.05 vs $0.03 YoY
Revenue $5.2M (Q2) and $14.3M (YTD), up 29% and 47% YoY; net income $1.1M and $5.7M, up 37% and 20%.
Pure Cycle expands board to 8, appoints Maran's Roller, forms strategy committee
Board increased from 7 to 8 directors; Daniel J. Roller (President of Maran Capital) appointed, effective Jan 14, 2026.
Pure Cycle Q1 net income $4.6M ($0.19 EPS), up 16% YoY; revenue up 59% on lot sales
Net income $4.6M ($0.19 diluted EPS), up 16% YoY; revenue $9.1M, up 59%.
Pure Cycle FY2025 net income $13.1M (+13% YoY), EPS $0.54, oil & gas royalty +738%
Net income $13.1M vs $11.6M in FY2024; diluted EPS $0.54 vs $0.48 (up 12.5%).
Pure Cycle Q3 net income $2.3M ($0.09 EPS) vs $2.8M YoY; revenue falls to $5.1M
Q3 net income $2.3M ($0.09 diluted EPS) compared to $2.8M ($0.12) a year ago; revenue $5.1M vs $7.6M.
Pure Cycle Q2 net income $0.8M, revenue $4.0M; Sky Ranch development expands
Revenue $4.0M (+25% YoY); net income $0.8M vs $0.1M; EPS $0.03 vs $0.00.
Pure Cycle annual meeting: directors elected, auditor ratified, say-on-pay approved
87.99% of outstanding shares voted, meeting quorum with 21.18M shares present.
Pure Cycle Q1 net income jumps 91% to $3.9M, EPS $0.16 (up 78% YoY)
Net income $3.937M vs $2.065M; diluted EPS $0.16 vs $0.09; revenue $5.752M (+7% YoY).
Pure Cycle reports FY2024 net income $11.6M, up 147%; EPS $0.48 vs $0.19
Revenue grew 97% to $28.7M; lot sales revenue up 135% to $16.0M.
Pure Cycle Q3 net income $2.8M, revenue $7.6M; YTD net income $5.0M up 37%
Q3 revenue $7.6M (+11% YoY); net income $2.8M ($0.12 EPS) vs $3.3M ($0.14) in prior year.
Pure Cycle appoints Susan Heitmann to board, replacing retiring Peter Howell
Susan Heitmann appointed to board on May 22, 2024, replacing Peter Howell who retired after nearly 20 years of service.
Pure Cycle Q2 net income $118K; revenue $3.2M; record water deliveries YTD
Q2 net income $118K ($0.00 diluted EPS) vs $189K; six-month net income $2.2M ($0.09 EPS) vs $348K.
Pure Cycle shareholders approve director slate, auditor, say-on-pay, and 2024 equity plan
All seven director nominees elected: Harding (16.2M for), Beirne (16.2M), Abel (13.1M), Fendel (16.2M), Howell (16.1M), Kozlowski (14.6M), Sheets (14.4M).
Pure Cycle Q1 net income $2.1M, revenue $5.4M, up 315% YoY; 18th consecutive profitable quarter
Net income $2.1M ($0.09 EPS) vs $159K ($0.01) prior year; EBITDA $3.4M.
Pure Cycle FY2023 net income $4.7M, revenue $14.6M (down 37% YoY), EPS $0.19
Net income of $4.7M ($0.19 diluted EPS) vs. $9.6M ($0.40) prior year; EBITDA $8.6M vs. $14.9M.
Pure Cycle appoints Marc Spezialy as CFO; Kevin McNeill resigns
Kevin McNeill resigned as VP, CFO, principal accounting/financial officer effective July 21, 2023.
Pure Cycle Q3 net income $3.3M ($0.14 EPS) vs $0.84M; revenue $6.9M doubles YoY
Revenue $6.9M for Q3 (vs $3.2M) on record oil & gas water sales and Sky Ranch Phase 2A/2B lot sales.
Board adopted amended and restated bylaws effective May 2, 2023.
Pure Cycle Q2 revenue $3.0M, net income $189K; water deliveries down 92% YoY
Q2 revenue $3.0M, down 36% YoY from $4.7M; net income $189K vs $1.693M.
Pure Cycle holds annual meeting; all director nominees and proposals approved
81% of shares present (19,443,573 of 23,986,645).
Pure Cycle Q1 revenue down 69% YoY to $1.3M; net income falls to $0.2M
Revenue $1.3M vs $4.3M YoY; net income $0.2M ($0.01 EPS) vs $1.5M ($0.06 EPS).
Pure Cycle reports FY2022 net income of $9.6M, down from $20.1M YoY; revenue up 34% to $23M
Net income of $9.6M ($0.40 diluted EPS) vs $20.1M ($0.83) in fiscal 2021; revenue $23.0M (up 34% from $17.1M).
Pure Cycle dismisses Plante & Moran, engages FORVIS as independent auditor
Audit committee and board approved dismissal of Plante & Moran, effective after August 31, 2022 audit completion.
Pure Cycle receives $23.6M reimbursement from Sky Ranch CAB bond offering
Sky Ranch CAB closed $29.7M bond financing; net proceeds of $23.6M repaid to Pure Cycle.
Pure Cycle Q3 net income $0.8M, revenue $3.2M; Sky Ranch Phase 2A near 2/3 complete
Net income $0.8M (Q3), $4.0M (nine months); diluted EPS $0.03 and $0.17.
Pure Cycle elects Wanda Abel to board; Arthur Epker retires after 15 years
Wanda Abel elected to board; brings 30+ years legal experience and formerly Pure Cycle's general counsel.
Pure Cycle Q1 2022 net income $1.5M, revenue $4.3M, launches single-family rentals
Net income $1.5M ($0.06 EPS) vs $0.8M ($0.04 EPS) in Q1 2021.
Arthur Epker III not to stand for re-election to Pure Cycle board
Arthur Epker III notified Pure Cycle on Dec 1, 2021 he will not stand for re-election at next annual meeting.
Pure Cycle reports $20.1M net income for fiscal 2021; lot sales and tap fees drive revenue
Revenue of $17.1M; gross profit $10.7M; net income $20.1M.
Pure Cycle reports Q3 net income >$18M, revenue up 44%; plans BTR rental homes
Net income over $18M for nine months ended May 31, 2021, on $12.3M revenue and $20M other income.
On July 7, 2026, Daniel R. Kozlowski notified the Board of Directors (the “ Board ”) of the Registrant of his resignation from the Board, effective immediately.
On May 21, 2026, Daniel J. Roller notified the Board of Directors (the “ Board ”) of the Registrant of his resignation from the Board, effective immediately.
On May 22, 2024, Susan Heitmann was appointed to serve on the Registrant’s board of directors (the “Board”).
Peter Howell, who retired from the Board effective May 22, 2024.
On July 20, 2023, Kevin B. McNeill notified the Registrant that he would resign as Vice President, Chief Financial Officer, principal accounting officer and principal financial officer of the Company effective July 21, 2023.
On July 21, 2023, Marc S. Spezialy, age 41, joined the Registrant as Vice President, and the board of directors of the Registrant voted to elect Mr. Spezialy as Chief Financial Officer, principal accounting officer and principal financial officer of the Registrant effective as of July 27, 2023.
Wanda J. Abel was elected to serve on the Registrant’s board of directors
Ms. Abel is replacing Mr. Arhur Epker, who did not stand for re-election.
Mr. Beirne was elected chairperson of the Board.
On December 1, 2021, Arthur Epker III, notified the Registrant of his intent to not stand for re-election to the Board of Directors of the Registrant at the Registrant’s next annual meeting of shareholders.
Max materiality 0.80 · Median 0.65 · Most common event earnings