Pure Cycle Corporation (PCYO)

NASDAQ: PCYO · Real-Time Price · USD
10.44
-0.02 (-0.19%)
At close: May 18, 2026, 4:00 PM EDT
10.50
+0.06 (0.57%)
Pre-market: May 19, 2026, 4:00 AM EDT
Market Cap251.64M +3.6%
Revenue (ttm)30.64M +2.5%
Net Income14.03M -1.0%
EPS0.57 -3.2%
Shares Out 24.10M
PE Ratio18.31
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume54,886
Open10.39
Previous Close10.46
Day's Range10.35 - 10.75
52-Week Range9.65 - 12.44
Beta1.29
AnalystsBuy
Price Target6.55 (-37.26%)
Earnings DateJul 8, 2026

About PCYO

Pure Cycle Corporation provides water and wastewater services in the United States. It operates in three segments: Water and Wastewater Resource Development, Land Development, and Single-Family Rental. The company engages in the wholesale water production, storage, treatment, and distribution systems; wastewater collection and treatment systems; development of land into master planned communities; and construction and leasing of single-family homes. It serves domestic, commercial, and industrial customers. Pure Cycle Corporation was incorporate... [Read more]

Sector Utilities
Founded 1976
Employees 44
Stock Exchange NASDAQ
Ticker Symbol PCYO
Full Company Profile

Financial Performance

In fiscal year 2025, Pure Cycle's revenue was $26.09 million, a decrease of -9.25% compared to the previous year's $28.75 million. Earnings were $13.11 million, an increase of 12.89%.

Financial Statements

Analyst Summary

According to one analyst, the rating for PCYO stock is "Buy" and the 12-month stock price target is $6.55.

Price Target
$6.55
(-37.26% downside)
Analyst Consensus: Buy

News

Pure Cycle Earnings Call Transcript: Q2 2026

Delivered strong Q2 results with revenue and profit ahead of schedule due to accelerated lot deliveries and robust industrial water sales. Guidance for FY2026 remains on track, with continued growth in all segments and significant asset expansion supporting future returns.

5 weeks ago - Transcripts

Pure Cycle Announces Financial Results For the Three and Six Months Ended February 28, 2026

DENVER, April 08, 2026 (GLOBE NEWSWIRE) -- Pure Cycle Corporation (NASDAQ Capital Market: PCYO) (“Pure Cycle”, “we”, “us” or “our”) announced its financial results for the three and six months ended F...

5 weeks ago - GlobeNewsWire

Pure Cycle Corporation Announces Dates for Q2 2026 Earnings Presentation

DENVER, March 30, 2026 (GLOBE NEWSWIRE) -- Pure Cycle Corporation (NASDAQ: PCYO) will release financial results for the three and six months ended February 28, 2026, on Wednesday, April 8, 2026, and h...

7 weeks ago - GlobeNewsWire

Pure Cycle appoints Daniel Roller to board of directors

Pure Cycle (PCYO) Corporation announced that a new independent director, Daniel Roller, was appointed to its Board of Directors, effective January 14, expanding the Board from 7 to 8 directors.

4 months ago - TheFly

Pure Cycle Corporation Appoints Daniel J. Roller to its Board of Directors

DENVER, Jan. 15, 2026 (GLOBE NEWSWIRE) -- Pure Cycle Corporation (NASDAQ Capital Market: PCYO) (“Pure Cycle”, “we”, “us” or “our”) announced that a new independent director, Daniel J. Roller, was appo...

4 months ago - GlobeNewsWire

Pure Cycle Earnings Call Transcript: Q1 2026

Record Q1 results driven by accelerated land development and strong recurring revenues, with net income and EPS ahead of guidance. Outlook remains positive, with commercial development and data center opportunities expected to boost future growth.

4 months ago - Transcripts

Pure Cycle reports Q1 EPS 19c vs. 16c last year

Reports Q1 revenue $9.14M vs. $5.75M last year. “We are pleased to welcome two new national home builders to our portfolio of customers Pulte Group and Oakwood who together with…

4 months ago - TheFly

Pure Cycle Announces Financial Results for the Three Months Ended November 30, 2025

DENVER, Jan. 07, 2026 (GLOBE NEWSWIRE) -- Pure Cycle Corporation (NASDAQ Capital Market: PCYO) (“Pure Cycle”, “we”, “us” or “our”) announced its financial results for the three months ended November 3...

4 months ago - GlobeNewsWire

Pure Cycle Earnings Call Transcript: Q4 2025

Achieved 25 consecutive quarters of profitability, with Q4 and year-end results slightly below expectations due to housing headwinds, but net income and EPS exceeded forecasts thanks to strong oil and gas royalties. Outlook for 2026 includes recurring revenue growth, expansion in rentals, and major commercial development post-2028.

6 months ago - Transcripts

Pure Cycle Announces Financial Results For the Year Ended August 31, 2025

DENVER, Nov. 12, 2025 (GLOBE NEWSWIRE) -- Pure Cycle Corporation (NASDAQ Capital Market: PCYO) announced its financial results for the year ended August 31, 2025. Pure Cycle reported $13.1 million of ...

6 months ago - GlobeNewsWire

Pure Cycle Corporation Announces Dates for Year End 2025 Earnings Presentation

DENVER, Nov. 05, 2025 (GLOBE NEWSWIRE) -- Pure Cycle Corporation (NASDAQ: PCYO) will release financial results for the year ended August 31, 2025, on Wednesday, November 12, 2025, and hold an earnings...

6 months ago - GlobeNewsWire

Pure Cycle Corporation to Present at the ThinkEquity Conference on October 30th

DENVER, Oct. 23, 2025 (GLOBE NEWSWIRE) -- Pure Cycle Corporation (NASDAQ: PCYO) announced today that Mark W. Harding, President and CEO of Pure Cycle, will participate in the ThinkEquity Conference on...

7 months ago - GlobeNewsWire

Pure Cycle Transcript: Lytham Partners Fall 2025 Investor Conference

A diversified asset manager in Denver leverages legacy water rights, land development, and single-family rentals to drive growth. With strong liquidity, minimal debt, and a focus on entry-level housing, it projects significant expansion and recurring revenue over the next five years.

8 months ago - Transcripts

Pure Cycle Transcript: Investor Day 2025

Development phases are progressing, with strong home sales and new builders entering future phases. Commercial buildout is conservatively valued at $423 million, with infrastructure and residential growth converging by 2027. Water rights and tap fees underpin significant long-term value.

10 months ago - Transcripts

Pure Cycle Earnings Call Transcript: Q3 2025

Third quarter results featured $5M in revenue and a 63% gross margin, with net income over $2M. Lot deliveries and single-family rentals are set to accelerate, supporting full-year guidance, while strong liquidity enables continued investment in land and water assets.

11 months ago - Transcripts

Pure Cycle Announces Financial Results For the Three and Nine Months Ended May 31, 2025

DENVER, CO / ACCESS Newswire / July 9, 2025 / Pure Cycle Corporation (NASDAQ Capital Market:PCYO) announced its financial results for the three and nine months ended May 31, 2025. Pure Cycle reported ...

11 months ago - Accesswire

Pure Cycle Corporation Announces Dates for Q3 2025 Earnings Presentation

DENVER, CO / ACCESS Newswire / June 30, 2025 / Pure Cycle Corporation (NASDAQ:PCYO) will release financial results for the three and nine months ended May 31, 2025, on Wednesday, July 9, 2025, and hol...

11 months ago - Accesswire

Pure Cycle Corporation Announces Annual Investor Day and Virtual Q&A Session

DENVER, CO / ACCESS Newswire / June 27, 2025 / Pure Cycle Corporation (NASDAQ:PCYO) is pleased to announce it will be hosting its annual Investor Day on Wednesday, July 16, 2025. The in-person event w...

11 months ago - Accesswire

Pure Cycle Earnings Call Transcript: Q2 2025

Q2 revenue reached $4 million with strong gross margins and continued EPS growth, keeping the company on track for FY2025 guidance. Multiple development phases and high demand in the Denver I-70 corridor support robust segment performance and future expansion.

1 year ago - Transcripts

Pure Cycle reports Q2 EPS 3c vs. 0c last year

Reports Q2 revenue $4M vs. $3.2M last year. “Second quarter is a seasonally slow quarter due to our Colorado winters making field construction challenging. That said we have a record…

1 year ago - TheFly

Pure Cycle Announces Financial Results For the Three and Six Months Ended February 28, 2025

DENVER, CO / ACCESS Newswire / April 9, 2025 / Pure Cycle Corporation (NASDAQ:PCYO) announced its financial results for the three and six months ended February 28, 2025. Pure Cycle posted its twenty-t...

1 year ago - Accesswire

Pure Cycle Corporation Announces Dates for Q2 2025 Earnings Presentation

DENVER, CA / ACCESS Newswire / March 31, 2025 / Pure Cycle Corporation (NASDAQ:PCYO) will release financial results for the three and six months ended February 28, 2025, on Wednesday, April 9, 2025, a...

1 year ago - Accesswire

Pure Cycle Transcript: Status Update

Efficient land development and water recycling drive recurring revenue and asset value, with projections of $600 million in cash and only 20% of water rights used by 2032. Dividend initiation and share buybacks are planned as recurring revenue surpasses overhead, while future land acquisitions and state-owned opportunities support long-term growth.

1 year ago - Transcripts

Pure Cycle to host investor meeting

Investor meeting to be held in New York on February 13 at 12 pm. Webcast Link

1 year ago - TheFly

Reminder for Conversation with CEO Mark Harding in New York City on February 13, 2025

DENVER, CO / ACCESS Newswire / February 10, 2025 / Pure Cycle Corporation (NASDAQ Capital Market:PCYO) wants to remind those interested that on February 13, 2025, its President and CEO will host an in...

1 year ago - Accesswire