Pure Cycle Corporation (PCYO)

Pure Cycle Cash Flow 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
Net Income	13.74	13.11	11.61	4.7	9.62	20.11
Depreciation & Amortization	2.34	2.3	2.1	2.16	2.13	1.77
Loss (Gain) on Sale of Investments	-	-	-	-0.26	-	-
Stock-Based Compensation	0.45	0.32	0.44	0.54	0.6	0.5
Change in Accounts Receivable	2.49	0.14	-0.38	1.33	-0.89	-0.41
Change in Inventory	-	-	-	-2.56	0.61	-0.52
Change in Accounts Payable	1.4	0.93	0.97	1.26	-2.36	1.55
Change in Income Taxes	0.06	-0.13	1.99	-3.08	-1.63	5.75
Change in Unearned Revenue	1.91	1.18	0.44	-2.61	2.28	-1.2
Change in Other Net Operating Assets	-4.4	-4.89	-15.14	-3.59	7.49	-24.81
Other Operating Activities	-11.48	0.2	0.27	-0.22	-0.38	0.73
Operating Cash Flow	6.51	13.16	2.31	-2.34	17.45	3.46
Operating Cash Flow Growth	-29.34%	469.38%	-	-	405.03%	-83.32%
Capital Expenditures	-7.63	-9.47	-2.67	-7.81	-5.82	-2.9
Sale of Property, Plant & Equipment	0.49	0.49	-	-	-	-
Investment in Securities	-	-	-	0.26	-	-
Investing Cash Flow	-7.83	-9.65	-4.83	-9.24	-6.67	-2.9
Long-Term Debt Issued	-	-	-	3	4	-
Long-Term Debt Repaid	-	-0.09	-0.03	-0.04	-0.04	-
Net Debt Issued (Repaid)	1.11	-0.09	-0.03	2.96	3.96	-
Issuance of Common Stock	-	-	-	-	0.03	0.09
Repurchase of Common Stock	-0.29	-0.4	-0.58	-	-	-
Other Financing Activities	-	-	-	-0.11	-0	-0
Financing Cash Flow	0.83	-0.49	-0.61	2.85	3.99	0.09
Net Cash Flow	-0.5	3.02	-3.13	-8.74	14.78	0.65
Free Cash Flow	-1.12	3.69	-0.36	-10.15	11.64	0.56
Free Cash Flow Growth	-	-	-	-	1977.68%	-95.37%
Free Cash Flow Margin	-3.81%	14.15%	-1.26%	-69.59%	50.58%	3.27%
Free Cash Flow Per Share	-0.05	0.15	-0.01	-0.42	0.48	0.02
Cash Interest Paid	0.4	0.41	0.42	0.14	0.06	-
Cash Income Tax Paid	4.35	4.35	2.06	0.95	5.26	-
Levered Free Cash Flow	4.77	5.69	-1.94	-9.16	17.23	-5.51
Unlevered Free Cash Flow	5.02	5.95	-1.66	-9.03	17.29	-5.51
Change in Working Capital	1.46	-2.77	-12.11	-9.25	5.49	-19.65

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

SEC Filings: 10-K · 10-Q