PURE CYCLE CORP
Financial highlights
| Metric | FY 08/31/25 | FY 08/31/24 | FY 08/31/23 | FY 08/31/22 | FY 08/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $26.1M | $28.7M | $14.6M | $23.0M | $17.1M |
| Cost of revenue | $10.1M | $9.0M | $6.5M | $6.6M | $6.4M |
| Gross profit | $16.0M | $19.8M | $8.0M | $16.4M | $10.7M |
| Operating income | $7.7M | $12.2M | $2.1M | $10.1M | $5.3M |
| Interest expense | $426,000 | $439,000 | $206,000 | — | — |
| Pretax income | $17.5M | $15.6M | $6.2M | $12.7M | $26.6M |
| Income tax expense | $4.4M | $4.0M | $1.5M | $3.1M | $6.5M |
| Net income | $13.1M | $11.6M | $4.7M | $9.6M | $20.1M |
| Balance Sheet | |||||
| Cash and equivalents | $21.9M | $22.1M | $26.0M | $34.9M | $20.1M |
| Current assets | $31.7M | $37.9M | $29.7M | $37.8M | $38.7M |
| Total assets | $162.3M | $147.4M | $133.2M | $129.2M | $117.2M |
| Current liabilities | $11.6M | $9.3M | $6.5M | $10.8M | $12.5M |
| Total liabilities | $19.5M | $17.7M | $15.0M | $16.2M | $14.4M |
| Total debt | $6.8M | $6.9M | $7.0M | — | — |
| Stockholders' equity | $142.7M | $129.7M | $118.2M | $113.0M | $102.7M |
| Cash Flow Statement | |||||
| Cash from operations | $13.2M | $2.3M | -$2.3M | $17.5M | $3.5M |
| Depreciation and amortization | $2.3M | $2.1M | $2.2M | $2.1M | $1.8M |
| Stock-based compensation | $323,000 | $436,000 | $539,000 | $603,000 | $497,000 |
| Capital expenditure | $861,000 | $458,000 | $394,000 | $157,000 | $383,000 |
| Free cash flow | $12.3M | $1.9M | -$2.7M | $17.3M | $3.1M |
| Share repurchases | $397,000 | $581,000 | — | — | — |
| Impairments | — | $0 | $0 | $0 | $0 |
Shares outstanding 24.1M · Free float 60.2%
Annual filing data through FY ended August 31, 2025; float as of July 8, 2026.