PureCycle Technologies, Inc.
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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FY2025 · Filed Feb 26, 2026
PCT$2.06+23.7%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
| December 31, | ||
|---|---|---|
| (in thousands, except per share data) | 2025 | 2024 |
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $156,694 | $15,683 |
| Debt securities available for sale | 13,631 | — |
| Restricted cash – current | 1,984 | 16,656 |
| Accounts receivable, net | 2,007 | — |
| Inventory | 9,370 | 8,087 |
| Prepaid expenses and other current assets | 14,331 | 13,473 |
| Total current assets | 198,017 | 53,899 |
| Restricted cash – noncurrent | 9,356 | 9,172 |
| Operating lease right-of-use assets | 54,226 | 56,833 |
| Property, plant and equipment, net | 657,752 | 674,079 |
| Prepaid expenses and other noncurrent assets | 3,315 | 4,402 |
| TOTAL ASSETS | $922,666 | $798,385 |
| LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS’ EQUITY | ||
| CURRENT LIABILITIES | ||
| Accounts payable | $9,247 | $6,596 |
| Accrued expenses and other current liabilities | 42,815 | 43,259 |
| Accrued interest | 7,805 | 7,626 |
| Current portion of warrant liability | 13,682 | 10,109 |
| Current portion of long-term debt | 6,446 | 12,932 |
| Current portion of related party bonds payable | 7,570 | 10,355 |
| Total current liabilities | 87,565 | 90,877 |
| NONCURRENT LIABILITIES | ||
| Deferred revenue | 5,000 | 5,000 |
| Long-term debt, less current portion | 263,355 | 256,886 |
| Related party bonds payable, less current portion | 86,343 | 66,471 |
| Warrant liability, less current portion | 45,149 | 120,090 |
| Operating lease right-of-use liabilities | 52,350 | 54,665 |
| Series A Preferred Stock liability | 29,606 | 18,433 |
| Other noncurrent liabilities | 2,710 | 5,514 |
| TOTAL LIABILITIES | 572,078 | 617,936 |
| COMMITMENTS AND CONTINGENCIES (NOTE 13) | ||
| MEZZANINE EQUITY | ||
| Series B Convertible Perpetual Preferred Stock - $0.001 par value, 300 and no shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | 304,701 | — |
| STOCKHOLDERS' EQUITY | ||
| Common Stock - $0.001 par value, 450,000 shares authorized; 180,281 and 173,566 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | 180 | 174 |
| Additional paid-in capital | 861,953 | 813,573 |
| Accumulated other comprehensive (loss)/income | (305) | 78 |
| Accumulated deficit | (815,941) | (633,376) |
| TOTAL STOCKHOLDERS' EQUITY | 45,887 | 180,449 |
| TOTAL LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS’ EQUITY | $922,666 | $798,385 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.