PureCycle Technologies Inc
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 27, 2025
PCT$2.06+23.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Balance Sheets
| ASSETS | ||
|---|---|---|
| December 31, | ||
| (in thousands) | 2024 | 2023 |
| CURRENT ASSETS | ||
| Cash and cash equivalents | $15,683 | $73,411 |
| Debt securities available for sale | — | 48,226 |
| Restricted cash – current | 16,656 | 25,692 |
| Inventory | 8,087 | 4,791 |
| Prepaid expenses and other current assets | 13,473 | 10,525 |
| Total current assets | 53,899 | 162,645 |
| Restricted cash – non-current | 9,172 | 203,411 |
| Operating lease right-of-use assets | 56,833 | 29,799 |
| Property, plant and equipment, net | 674,079 | 638,746 |
| Prepaid expenses and other non-current assets | 4,402 | 4,772 |
| TOTAL ASSETS | $798,385 | $1,039,373 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| CURRENT LIABILITIES | ||
| Accounts payable | $6,596 | $2,881 |
| Accrued expenses | 43,259 | 35,391 |
| Accrued interest | 7,626 | 8,190 |
| Current portion of warrant liability | 10,109 | — |
| Current portion of long-term debt | 12,932 | 9,148 |
| Current portion of related party bonds payable | 10,355 | — |
| Total current liabilities | 90,877 | 55,610 |
| NON-CURRENT LIABILITIES | ||
| Deferred revenue | 5,000 | 5,000 |
| Long-term debt, less current portion | 256,886 | 467,708 |
| Related party bonds payable | 66,471 | — |
| Related party note payable | — | 39,696 |
| Warrant liability | 120,090 | 22,059 |
| Operating lease right-of-use liabilities | 54,665 | 27,253 |
| Preferred stock liability | 18,433 | — |
| Other non-current liabilities | 5,514 | 1,811 |
| TOTAL LIABILITIES | $617,936 | $619,137 |
| COMMITMENT AND CONTINGENCIES | — | — |
| STOCKHOLDERS' EQUITY | ||
| Common shares - $0.001 par value, 450,000 shares authorized; 173,566 and 164,279 shares issued and outstanding as of December 31, 2024 and December 31, 2023 | 174 | 164 |
| Preferred shares - $0.001 par value, 25,000 shares authorized; 50 and no shares issued and outstanding as of December 31, 2024 and December 31, 2023 | — | — |
| Additional paid-in capital | 813,573 | 764,344 |
| Accumulated other comprehensive income (loss) | 78 | (32) |
| Accumulated deficit | (633,376) | (344,240) |
| TOTAL STOCKHOLDERS' EQUITY | 180,449 | 420,236 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $798,385 | $1,039,373 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.