PureCycle Technologies, Inc.
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 6, 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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Condensed Consolidated Balance Sheets as of September 30, 2025 (Unaudited) and December 31, 2024
CONDENSED CONSOLID ATED BALANCE SHEETS
| (in thousands, except per share data) | September 30, 2025 | December 31, 2024 |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $234,359 | $15,683 |
| Restricted cash – current | 3,582 | 16,656 |
| Accounts receivable, net | 1,595 | — |
| Inventory | 10,725 | 8,087 |
| Prepaid expenses and other current assets | 15,185 | 13,473 |
| Total current assets | 265,446 | 53,899 |
| Restricted cash – noncurrent | 9,312 | 9,172 |
| Operating lease right-of-use assets | 54,957 | 56,833 |
| Property, plant and equipment, net | 655,974 | 674,079 |
| Prepaid expenses and other noncurrent assets | 3,434 | 4,402 |
| TOTAL ASSETS | $989,123 | $798,385 |
| LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS’ EQUITY | ||
| CURRENT LIABILITIES | ||
| Accounts payable | $4,408 | $6,596 |
| Accrued expenses and other current liabilities | 23,494 | 43,259 |
| Accrued interest | 6,434 | 7,626 |
| Current portion of warrant liability | 60,235 | 10,109 |
| Current portion of long-term debt | 10,289 | 12,932 |
| Current portion of related party bonds payable | 13,540 | 10,355 |
| Total current liabilities | 118,400 | 90,877 |
| NONCURRENT LIABILITIES | ||
| Deferred revenue | 5,000 | 5,000 |
| Long-term debt, less current portion | 276,853 | 256,886 |
| Related party bonds payable, less current portion | 78,405 | 66,471 |
| Warrant liability, less current portion | 62,258 | 120,090 |
| Operating lease right-of-use liabilities | 53,055 | 54,665 |
| Series A Preferred Stock liability | 26,259 | 18,433 |
| Other noncurrent liabilities | 1,370 | 5,514 |
| TOTAL LIABILITIES | 621,600 | 617,936 |
| COMMITMENTS AND CONTINGENCIES (NOTE 10) | ||
| MEZZANINE EQUITY | ||
| Series B Convertible Perpetual Preferred Stock - $0.001 par value, 300 and no shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively | 299,304 | — |
| STOCKHOLDERS' EQUITY | ||
| Common Stock - $0.001 par value, 450,000 shares authorized; 180,191 and 173,566 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively | 180 | 174 |
| Additional paid-in capital | 865,444 | 813,573 |
| Accumulated other comprehensive (loss)/income | (251) | 78 |
| Accumulated deficit | (797,154) | (633,376) |
| TOTAL STOCKHOLDERS' EQUITY | 68,219 | 180,449 |
| TOTAL LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS’ EQUITY | $989,123 | $798,385 |
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