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.
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 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 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 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 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.
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 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 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 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.
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