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Companies/Pure Cycle Corporation
Company profile

Pure Cycle Corporation

NASDAQ: PCYO · Utilities · Regulated Water
PublicHQ Watkins, CO · ArapahoeCIK 0000276720Reports USD
#98 of 134 Utilities companies by revenuebottom-quartile growth
EA Score
63C
FH 83DQ 54GM 31SS 47
v0.1 · 65/100 weight · provisional
↑ return on assets, net margin · ↓ revenue growth (YoY), growth stability
Methodology →
Revenue TTM
$33.7M
Rev growth YoY (TTM)
+22.9%
Net income (FY)
$13.1M
Employees
44
Market cap
$260.6M
OverviewFinancialsSegmentsFilingsESGPeople & Places

Financials — latest annual

SEC EDGAR · USD-normalized
ConceptUSDNativeFY
Revenue$26.1M$26.1M2025
Net income$13.1M$13.1M2025
Operating income$7.7M$7.7M2025
Total assets$162.3M$162.3M2025
Liabilities$19.5M$19.5M2025
Equity$142.7M$142.7M2025

Revenue trend

FY2019 – FY2025 · USD
$5.2M
FY19
$20.4M
FY19
$25.9M
FY20
$17.1M
FY21
$23.0M
FY22
$14.6M
FY23
$28.7M
FY24
$26.1M
FY25

Revenue by segment

Filed disclosures · FY2025
By product
Construction32%
Lot Sales29%
Water And Wastewater22%
Water and Wastewater Tap Fees15%
Special Facility Projects and Other2%
Single Family Rentals1%
By geography
Land Development58%
Water and Wastewater Resource Development40%
Single Family Rentals2%
The read

Pure Cycle Corporation booked $26.1M in FY2025 revenue, contracting 9.3% year over year — slower than 83% of Utilities companies we track, at a 50.3% net margin.

Peers · Utilities
RGC Resources, Inc.55CMontauk Renewables, Inc.36DPolaris Renewable Energy Inc.55CGlobal Water Resources, Inc.47D
Neighbors
Arapahoe →
EchoStar Corporation$15.0B52DFormula One Group$4.5B78B+Arrow Electronics, Inc.$30.9B74BLiberty Broadband Corporation$1.0B56CYork Space Systems, Inc.$386.2M——Innospec Inc.$1.8B76B+
Key facts
CEOMark W. Harding
SectorUtilities
IndustryRegulated Water
HeadquartersWatkins, CO
ExchangeNASDAQ: PCYO
Employees44
IPO date1994-04-13
Latest filings
8-K2026-07-0910-Q2026-07-088-K2026-05-268-K2026-04-0910-Q2026-04-088-K2026-01-168-K2026-01-0810-Q2026-01-07
Financials: SEC EDGAR (XBRL), USD-normalized per IAS 21 · TTM/quarterly + segments: FMP from filed disclosures · Filings: EDGAR submissions. County headcount and EA Score are in progress — see docs/DATA_GAPS.md.
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