Pure Cycle Income Statement

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

Millions USD. Fiscal year is Sep - Aug.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 28, 2026	Aug '25 Aug 31, 2025	Aug '24 Aug 31, 2024	Aug '23 Aug 31, 2023	Aug '22 Aug 31, 2022	Aug '21 Aug 31, 2021
Revenue	30.64	26.09	28.75	14.59	23	17.13
Revenue Growth (YoY)	2.45%	-9.25%	97.09%	-36.59%	34.32%	-33.77%
Fuel and Purchased Power Expense	3.19	4.78	4.43	-2.43	-2.41	-1.92
Operations and Maintenance Expenses	11.85	13.05	11.48	6.94	7.79	7.18
Gross Profit	15.6	8.26	12.84	10.07	17.62	11.86
Depreciation & Amortization Expenses	1.03	0.59	0.6	2.16	2.13	1.77
Operating Income	11.92	7.67	12.24	2.07	10.1	5.27
Interest Income	3.48	3.27	2.84	2.5	1.97	2.96
Interest Expense	-0.44	-0.43	-0.44	-0.21	-0.09	-
Other Non-Operating Income (Expense)	3.39	6.95	0.99	1.85	0.73	18.37
Total Non-Operating Income (Expense)	6.43	9.8	3.39	4.15	2.61	21.32
Pretax Income	18.73	17.47	15.63	6.22	12.71	26.59
Provision for Income Taxes	4.69	4.36	4.02	1.52	-3.09	-6.48
Net Income	14.03	13.11	11.61	4.7	9.62	20.11
Net Income to Common	14.03	13.11	11.61	4.7	9.62	20.11
Net Income Growth	-1.00%	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)	0.02%	0.11%	0.14%	-0.21%	0.19%	-
EPS (Basic)	0.58	0.54	0.48	0.20	0.40	0.84
EPS (Diluted)	0.58	0.54	0.48	0.19	0.40	0.83
EPS Growth	-	12.50%	146.24%	-51.27%	-51.81%	196.43%
Shares Outstanding	24.1	24.07	24.06	24.08	23.98	23.92
Free Cash Flow	2.65	12.3	1.85	-2.73	17.3	3.07
Free Cash Flow Growth	-78.43%	563.59%	-	-	462.87%	-84.74%
Free Cash Flow Per Share	0.11	0.51	0.08	-0.11	0.72	0.13
Gross Margin	50.91%	31.66%	44.66%	69.07%	76.60%	69.26%
Operating Margin	38.91%	29.40%	42.59%	14.21%	43.89%	30.77%
Profit Margin	45.80%	50.25%	40.40%	32.22%	68.65%	193.11%
FCF Margin	8.66%	47.16%	6.45%	-18.74%	75.19%	17.94%
EBITDA	14.2	9.97	14.34	4.23	12.22	7.04
EBITDA Margin	46.34%	38.21%	49.89%	28.99%	53.13%	41.12%
EBIT	11.92	7.67	12.24	2.07	10.1	5.27
EBIT Margin	38.91%	29.40%	42.59%	14.21%	43.89%	30.77%
Effective Tax Rate	25.06%	24.96%	25.71%	24.45%	-24.29%	-24.37%

Updated Apr 8, 2026. Data Source: Fiscal.ai. Utilities template. Financial Sources.

SEC Filings: 10-K · 10-Q