Company profile
Pure Cycle Corporation
NASDAQ: PCYO · Utilities · Regulated Water
#99 of 135 Utilities companies by revenuebottom-quartile growth
EA Score
63CFH 82DQ 53GM 32SS 46
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
as of 2026-08-13
Market cap
$273.0M
as of 2026-08-13
Financials — latest annual
SEC EDGAR · USD-normalizedConceptUSDNativeFY
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
FY19
FY19
FY20
FY21
FY22
FY23
FY24
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
What is Pure Cycle Corporation’s revenue?
Pure Cycle Corporation booked $26.1M in FY2025 revenue, contracting 9.3% year over year — slower than 85% of Utilities companies we track, at a 50.3% net margin.
Peers · Utilities
Wind Works Power Corp.——Greenlane Renewables Inc.28DNuScale Power Corporation33DCadiz Inc.37DEverGen Infrastructure Corp.33DGreen Energy Resources, Inc.——Neighbors
Arapahoe →Key facts
CEOMark W. Harding
SectorUtilities
IndustryRegulated Water
HeadquartersWatkins, CO
ExchangeNASDAQ: PCYO
Employees44
IPO date1994-04-13
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.