Pure Cycle Corporation (PCYO)

Pure Cycle Income Statement

Financials in millions USD. Fiscal year is September - August.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov 30, 2025	Aug 31, 2025	Aug 31, 2024	Aug 31, 2023	Aug 31, 2022	Aug 31, 2021
Operating Revenue	29.47	26.09	28.75	14.59	23	17.13
Revenue	29.47	26.09	28.75	14.59	23	17.13
Revenue Growth (YoY)	1.23%	-9.25%	97.09%	-36.59%	34.32%	-33.77%
Selling, General & Admin	7.69	7.77	6.92	5.47	5.89	5.14
Depreciation & Amortization	0.59	0.59	0.6	2.16	2.13	1.77
Other Operating Expenses	10.86	10.06	8.99	4.89	4.89	4.95
Total Operating Expenses	19.14	18.42	16.51	12.51	12.91	11.86
Operating Income	10.33	7.67	12.24	2.07	10.1	5.27
Interest Expense	-0.41	-0.43	-0.44	-0.21	-0.09	-
Interest Income	3.49	3.27	2.84	2.5	1.97	2.96
Net Interest Expense	3.08	2.85	2.4	2.3	1.88	2.96
Other Non-Operating Income (Expenses)	4.88	6.95	0.99	1.85	0.73	18.37
EBT Excluding Unusual Items	18.29	17.47	15.63	6.22	12.71	26.59
Pretax Income	18.29	17.47	15.63	6.22	12.71	26.59
Income Tax Expense	4.55	4.36	4.02	1.52	3.09	6.48
Earnings From Continuing Ops.	13.74	13.11	11.61	4.7	9.62	20.11
Net Income	13.74	13.11	11.61	4.7	9.62	20.11
Net Income to Common	13.74	13.11	11.61	4.7	9.62	20.11
Net Income Growth	1.88%	12.89%	147.14%	-51.15%	-52.17%	197.93%
Shares Outstanding (Basic)	24	24	24	24	24	24
Shares Outstanding (Diluted)	24	24	24	24	24	24
Shares Change (YoY)	0.10%	0.11%	0.14%	-0.21%	0.19%	0.21%
EPS (Basic)	0.57	0.54	0.48	0.20	0.40	0.84
EPS (Diluted)	0.57	0.54	0.48	0.19	0.40	0.83
EPS Growth	3.63%	12.50%	152.63%	-52.50%	-51.81%	196.43%
Free Cash Flow	-1.12	3.69	-0.36	-10.15	11.64	0.56
Free Cash Flow Per Share	-0.05	0.15	-0.01	-0.42	0.48	0.02
Profit Margin	46.62%	50.26%	40.40%	32.22%	41.82%	117.43%
Free Cash Flow Margin	-3.81%	14.15%	-1.26%	-69.59%	50.58%	3.27%
EBITDA	12.67	9.97	14.34	4.23	12.22	7.04
EBITDA Margin	42.99%	38.21%	49.89%	28.99%	53.13%	41.12%
D&A For EBITDA	2.34	2.3	2.1	2.16	2.13	1.77
EBIT	10.33	7.67	12.24	2.07	10.1	5.27
EBIT Margin	35.06%	29.40%	42.59%	14.21%	43.89%	30.77%
Effective Tax Rate	24.90%	24.96%	25.71%	24.45%	24.29%	24.37%
Revenue as Reported	29.47	26.09	28.75	14.59	23	17.13

Updated Nov 30, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.

SEC Filings: 10-K · 10-Q