Pure Cycle Corporation (PCYO) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	33.7M	26.1M	28.7M	14.6M	23.0M
Cost of Revenue	14.2M	10.1M	9.0M	6.5M	6.6M
Gross Profit	19.5M	16.0M	19.8M	8.0M	16.4M
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	7.5M	7.8M	6.9M	5.5M	5.9M
General & Admin Expense	7.5M	7.8M	6.9M	5.5M	5.9M
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	(697.0K)	590.0K	596.0K	498.0K	385.0K
Total Operating Expenses	6.8M	8.4M	7.5M	6.0M	6.3M
Cost and Expenses	21.0M	18.4M	16.5M	12.5M	12.9M
Operating Income (EBIT)	12.7M	7.7M	12.2M	2.1M	10.1M
Non-Operating
Interest Income	4.2M	3.3M	2.8M	2.5M	2.0M
Interest Expense	500.0K	426.0K	439.0K	206.0K	90.0K
Net Interest Income	3.7M	2.8M	2.4M	2.3M	1.9M
Other Non-Op Income/Expense	6.9M	9.8M	3.4M	4.1M	2.6M
Non-Operating Income (excl Interest)	(5.3M)	(10.2M)	(3.8M)	(4.4M)	(2.7M)
EBT (Pre-Tax Income)	19.6M	17.5M	15.6M	6.2M	12.7M
Income Tax Expense	3.0M	4.4M	4.0M	1.5M	3.1M
Bottom Line
Net Income	14.7M	13.1M	11.6M	4.7M	9.6M
Earnings from Cont. Ops	16.6M	13.1M	11.6M	4.7M	9.6M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	14.7M	13.1M	11.6M	4.7M	9.6M
Per Share
Basic EPS	$0.61	$0.54	$0.48	$0.20	$0.40
Diluted EPS	$0.61	$0.54	$0.48	$0.19	$0.40
Revenue Per Share	$1.40	$1.08	$1.19	$0.61	$0.96
Shares
Basic Shares Outstanding	24.1M	24.1M	24.1M	24.0M	24.0M
Diluted Shares Outstanding	24.2M	24.2M	24.1M	24.1M	24.2M
Profitability Metrics
EBITDA	19.9M	20.2M	18.2M	8.6M	14.9M
D&A	2.0M	2.3M	2.1M	2.2M	2.1M
EBIT	18.0M	17.9M	16.1M	6.4M	12.8M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of May 1, 2026