PURE CYCLE CORP

For the period ended Aug 31, 2025. Filed Nov 12, 2025.

About 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$10.94-1.2%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Income


· · Year Ended
(In thousands, except share information) · August 31, 2025 · August 31, 2024
REVENUES:
Water and Wastewater
Water and wastewater activities	$2,997	$7,283
Water and wastewater tap fees	7,337	3,384
Total water and wastewater	10,334	10,667
Land Development
Lot sales	13,691	15,998
Project management fees	781	707
Special facility projects and other	785	894
Total land development	15,257	17,599

Single-family rentals	496	481
Total revenues	26,087	28,747

COST OF REVENUES:
Water and wastewater	4,781	4,426
Lot development	5,100	4,374
Single-family rental	176	188
Total cost of revenues	10,057	8,988

General and administrative expenses	7,770	6,921
Depreciation	590	596
Operating income	7,670	12,242

Other income (expense):
Interest income	3,272	2,837
Interest expense	(426)	(439)
Oil and gas royalty income, net	6,654	795
Other, net	300	197
Income from operations before income taxes	17,470	15,632
Income tax expense	(4,360)	(4,019)
Net income	$13,110	$11,613

Earnings per common share - basic and diluted
Basic	$0.54	$0.48
Diluted	$0.54	$0.48
Weighted average common shares outstanding:
Basic	24,076,317	24,083,001
Diluted	24,167,529	24,140,946

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.