Pure Cycle Corporation (PCYO)

Pure Cycle Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	May 31, 2026	Aug 31, 2025	Aug 31, 2024	Aug 31, 2023	Aug 31, 2022	Aug 31, 2021
Cash & Equivalents	8.44	21.93	22.11	26.01	34.89	20.12
Accounts Receivable	2.49	1.33	1.47	1.09	2.43	1.53
Other Receivables	-	-	-	0.55	-	-
Inventory	4.13	7.39	3.65	1.73	-	0.61
Prepaid Expenses	0.55	1	0.53	0.35	0.47	0.46
Loans Receivable Current	-	-	10.1	-	-	16
Total Current Assets	15.61	31.65	37.86	29.73	37.79	38.72
Property, Plant & Equipment	86.53	70.79	65.98	66.07	60.84	56.03
Other Intangible Assets	6.03	6.16	6.49	6.69	7.03	7.11
Long-Term Loans Receivable	59.06	45	32.09	26.45	18.33	9.96
Other Long-Term Assets	8.75	8.68	4.93	4.29	5.24	5.37
Total Assets	175.98	162.28	147.35	133.22	129.23	117.18

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	May 31, 2026	Aug 31, 2025	Aug 31, 2024	Aug 31, 2023	Aug 31, 2022	Aug 31, 2021
Accounts Payable	2.67	3.52	1.95	1.96	0.85	1.79
Accrued Expenses	1.29	1.93	1.26	1.2	1.6	0.83
Current Portion of Long-Term Debt	1.45	0.41	0.06	0.03	0.01	-
Current Unearned Revenue	2.75	3.36	2.17	1.73	4.85	2.41
Current Portion of Leases	0	0.01	0.07	0.12	0.08	0.08
Current Income Taxes Payable	0.47	1.31	1.44	-	2.53	4.16
Other Current Liabilities	1.54	1.09	2.39	1.46	0.91	3.19
Total Current Liabilities	10.18	11.62	9.35	6.5	10.82	12.46
Long-Term Debt	12.67	6.38	6.82	6.89	3.95	-
Long-Term Leases	-	0	0.09	0.24	0.06	0.04
Long-Term Deferred Tax Liabilities	1.54	1.54	1.4	1.35	1.08	1.62
Other Long-Term Liabilities	-	-	-	-	0.32	0.33
Total Liabilities	24.39	19.54	17.65	14.98	16.23	14.44

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	May 31, 2026	Aug 31, 2025	Aug 31, 2024	Aug 31, 2023	Aug 31, 2022	Aug 31, 2021
Common Stock	0.08	0.08	0.08	0.08	0.08	0.08
Additional Paid-In Capital	175.88	175.45	175.13	174.69	174.15	173.51
Retained Earnings	-24.37	-32.79	-45.5	-56.54	-61.23	-70.85
Total Common Equity	151.58	142.74	129.7	118.23	113	102.74
Shareholders' Equity	151.58	142.74	129.7	118.23	113	102.74
Total Liabilities & Equity	175.98	162.28	147.35	133.22	129.23	117.18

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	May 31, 2026	Aug 31, 2025	Aug 31, 2024	Aug 31, 2023	Aug 31, 2022	Aug 31, 2021
Total Debt	14.13	6.8	7.05	7.28	4.1	0.12
Net Cash (Debt)	-5.69	15.13	15.07	18.74	30.8	20
Net Cash Growth	-	0.39%	-19.58%	-39.16%	54.01%	-7.44%
Net Cash Per Share	-0.24	0.63	0.62	0.78	1.27	0.83
Filing Date Shares Outstanding	24.1	24.08	24.07	24.09	23.84	23.92
Total Common Shares Outstanding	24.1	24.07	24.06	24.08	23.98	23.92
Working Capital	5.43	20.03	28.51	23.22	26.96	26.26
Book Value Per Share	6.29	5.93	5.39	4.91	4.71	4.30
Tangible Book Value	145.55	136.58	123.21	111.55	105.96	95.63
Tangible Book Value Per Share	6.04	5.68	5.12	4.63	4.42	4.00
Land	5.72	4.17	4.7	4.65	6.77	-
Machinery	34.83	31.42	23.38	20.02	19.88	17.53
Construction In Progress	4.42	3.2	1.8	5.46	1.22	3.3

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Jul 8, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 24, 2026

Data Sources Report a data error