PureCycle Technologies, Inc.
For the period ended Mar 31, 2026. Filed May 6, 2026.
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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.
Mar 31, 2026 · Filed May 6, 2026
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 March 31, 2026 (Unaudited) and December 31, 2025
CONDENSED CONSOLID ATED BALANCE SHEETS
| (in thousands, except per share data) | March 31, 2026 | December 31, 2025 |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | $90,213 | $156,694 |
| Debt securities available for sale | 30,882 | 13,631 |
| Restricted cash – current | 508 | 1,984 |
| Accounts receivable, net | 3,825 | 2,007 |
| Inventory | 12,335 | 13,824 |
| Prepaid expenses and other current assets | 8,619 | 9,877 |
| Total current assets | 146,382 | 198,017 |
| NONCURRENT ASSETS | ||
| Restricted cash – noncurrent | 9,395 | 9,356 |
| Operating lease right-of-use assets | 66,937 | 54,226 |
| Property, plant and equipment, net | 660,269 | 657,752 |
| Prepaid expenses and other noncurrent assets | 3,024 | 3,315 |
| TOTAL ASSETS | $886,007 | $922,666 |
| LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS’ EQUITY | ||
| CURRENT LIABILITIES | ||
| Accounts payable | $12,837 | $9,247 |
| Accrued expenses and other current liabilities | 42,357 | 42,815 |
| Accrued interest | 6,041 | 7,805 |
| Current portion of warrant liability | 13,327 | 13,682 |
| Current portion of long-term debt | 3,426 | 6,446 |
| Current portion of related party bonds payable | 7,570 | 7,570 |
| Total current liabilities | 85,558 | 87,565 |
| NONCURRENT LIABILITIES | ||
| Deferred revenue | 5,000 | 5,000 |
| Long-term debt, less current portion | 265,386 | 263,355 |
| Related party bonds payable, less current portion | 87,886 | 86,343 |
| Warrant liability, less current portion | 22,507 | 45,149 |
| Operating lease right-of-use liabilities | 64,635 | 52,350 |
| Series A Preferred Stock liability | 33,308 | 29,606 |
| Other noncurrent liabilities | 4,299 | 2,710 |
| TOTAL LIABILITIES | 568,579 | 572,078 |
| COMMITMENTS AND CONTINGENCIES (NOTE 10) | ||
| MEZZANINE EQUITY | ||
| Series B Convertible Perpetual Preferred Stock - $0.001 par value, 300 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively | 310,004 | 304,701 |
| STOCKHOLDERS' EQUITY | ||
| Common Stock - $0.001 par value, 450,000 shares authorized; 180,841 and 180,281 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively | 181 | 180 |
| Additional paid-in capital | 857,200 | 861,953 |
| Accumulated other comprehensive loss | (575) | (305) |
| Accumulated deficit | (849,382) | (815,941) |
| TOTAL STOCKHOLDERS' EQUITY | 7,424 | 45,887 |
| TOTAL LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS’ EQUITY | $886,007 | $922,666 |
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