PURE CYCLE CORP
For the period ended Aug 31, 2025. Filed Nov 12, 2025.
View on SEC.govAbout this filing
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.
FY2025 · Filed Nov 12, 2025
PCYO$11.07+1.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| | | | | | | |
|---|---|---|---|---|---|---|
| (In thousands, except shares) | | August 31, 2025 | August 31, 2024 | |||
| ASSETS: | | | | | | |
| Current Assets: | | | | | | |
| Cash and cash equivalents | | $21,931 | | $22,113 | ||
| Accounts receivable, net | | 1,330 | | 1,472 | ||
| Related party notes receivable, including accrued interest, current portion | | | — | | | 10,100 |
| Prepaid expenses and other assets | | | 1,004 | | | 530 |
| Land under development | | | 7,388 | | | 3,647 |
| Total current assets | | | 31,653 | | | 37,862 |
| Restricted cash | | | 6,448 | | | 3,245 |
| Investment in water and wastewater systems, net | | 67,523 | | 62,290 | ||
| Land and mineral rights held for development | | | 4,168 | | | 4,695 |
| Single-family rental units | | | 5,240 | | | 5,330 |
| Related party notes receivable, including accrued interest, less current portion | | 45,002 | | 32,085 | ||
| Other assets | | | 2,245 | | 1,847 | |
| Total assets | | $162,279 | | $147,354 | ||
| | | | | | | |
| LIABILITIES & SHAREHOLDERS’ EQUITY: | | | | | | |
| Current Liabilities: | | | | | | |
| Accounts payable | | $3,518 | | $1,948 | ||
| Accrued and other liabilities | | | 4,335 | | | 5,164 |
| Deferred revenue | | | 3,355 | | 2,173 | |
| Debt, current portion | | | 411 | | | 64 |
| Total current liabilities | | | 11,619 | | | 9,349 |
| Debt, less current portion | | | 6,380 | | 6,821 | |
| Deferred tax liability, net | | 1,541 | | 1,395 | ||
| Lease obligations, less current portion | | | 1 | | | 87 |
| Total liabilities | | 19,541 | | 17,652 | ||
| | | | | | | |
| Series B preferred shares: par value $0.001 per share, 25 million authorized; 432,513 issued and outstanding (liquidation preference of $432,513) | | — | | — | ||
| Common shares: par value 1/3 of $.01 per share, 40.0 million authorized; 24,066,805 and 24,063,894 outstanding, respectively | | 80 | | 80 | ||
| Additional paid-in capital | | 175,448 | | 175,125 | ||
| Accumulated deficit | | (32,790) | | (45,503) | ||
| Total shareholders’ equity | | 142,738 | | 129,702 | ||
| | | $162,279 | | $147,354 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.