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 Statements of Comprehensive Loss
| Year Ended December 31, | |||
|---|---|---|---|
| (in thousands, except per share data) | 2025 | 2024 | 2023 |
| Revenues | $8,355 | $— | $— |
| Operating expenses | |||
| Cost of operations | 109,313 | 85,762 | 52,031 |
| Research and development | 5,925 | 6,480 | 6,615 |
| Selling, general and administrative | 59,483 | 53,140 | 55,255 |
| Write-down of long-lead equipment | 15,070 | — | — |
| Total operating costs and expenses | 189,791 | 145,382 | 113,901 |
| Operating loss | (181,436) | (145,382) | (113,901) |
| Other expense/(income) | |||
| Interest expense | 64,446 | 56,850 | 31,368 |
| Interest income | (5,860) | (5,194) | (10,863) |
| Change in fair value of warrants | (61,742) | 71,610 | (33,824) |
| Loss on extinguishment of debt | 4,394 | 21,214 | — |
| Other (income)/expense, net | (1,079) | (647) | 483 |
| Total other expense/(income) | 159 | 143,833 | (12,836) |
| Loss before income taxes | (181,595) | (289,215) | (101,065) |
| Provision/(benefit) for income taxes | 970 | (79) | 650 |
| Net loss | $(182,565) | $(289,136) | $(101,715) |
| Loss per share | |||
| Basic | $(1.08) | $(1.75) | $(0.62) |
| Diluted | $(1.21) | $(1.75) | $(0.63) |
| Weighted average common shares | |||
| Basic | 179,327 | 165,377 | 163,865 |
| Diluted | 180,448 | 165,377 | 164,013 |
| Other comprehensive (loss)/income | |||
| Cumulative translation adjustment | $(387) | $92 | $(14) |
| Unrealized gain on debt securities available for sale | 4 | 18 | 623 |
| Total comprehensive loss | $(182,948) | $(289,026) | $(101,106) |
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