PCYONasdaqWater SupplyFiscal year ends August 31
PURE CYCLE CORP
Financials through Q3 FY2026, quarter ended May 31, 2026Last filing: 10-Q on Jul 8, 2026
$10.85−0.17 (-1.54%)
Close on Oct 19, 2026
- Market cap
- $262.17M
- P/E (TTM)
- 17.8
- Dividend yield
- –
PURE CYCLE CORP revenue by segment
By business segment
| Revenue | Q3 26 | Q2 26 | Q1 26 | Q4 25 | Q3 25 | Q2 25 | Q1 25 | Q4 24 | Q3 24 | Q2 24 | Q1 24 | Q4 23 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Water and Wastewater Resource Development Segment | $4.66M | $2.96M | $2.48M | $2.81M | $2.13M | $2.53M | $2.86M | $3.11M | $2.47M | $1.82M | $3.28M | $1.43M | 56.7% | +118.8% |
| Land Development Segment | $3.33M | $2.06M | $6.52M | $8.26M | $2.88M | $1.34M | $2.77M | $9.33M | $5.02M | $1.26M | $2.00M | $1.86M | 40.5% | +15.7% |
| Single-family rentals | $231.00K | $150.00K | $131.00K | $123.00K | $131.00K | $118.00K | $124.00K | $124.00K | $123.00K | $125.00K | $109.00K | $75.00K | 2.8% | +76.3% |
By product or service
| Revenue | Q3 26 | Q2 26 | Q1 26 | Q4 25 | Q3 25 | Q2 25 | Q1 25 | Q4 24 | Q3 24 | Q2 24 | Q1 24 | Q4 23 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Water and Wastewater | $4.66M | $2.96M | $2.48M | $2.81M | $2.13M | $2.53M | $2.86M | – | – | – | – | – | 56.7% | +118.8% |
| Land Development | $3.33M | $2.06M | $6.52M | $8.26M | $2.88M | $1.34M | $2.77M | – | – | – | – | – | 40.5% | +15.7% |
| Lot sales | $3.01M | $1.63M | $6.02M | $7.71M | $2.53M | $1.14M | $2.32M | $8.09M | $4.80M | $1.22M | $1.90M | $1.75M | 36.6% | +19.0% |
| Water and wastewater activities | $2.40M | $1.33M | $812.00K | $769.00K | $429.00K | $408.00K | $1.39M | – | – | – | – | – | 29.2% | +459.7% |
| Metered water usage and wastewater treatment fees | $2.40M | $1.30M | $800.00K | – | $400.00K | $400.00K | $1.20M | – | $1.70M | $1.70M | $2.40M | – | 29.2% | +500.0% |
| Water and wastewater tap fees | $2.26M | $1.63M | $1.67M | $2.05M | $1.70M | $2.13M | $1.47M | $2.22M | $581.00K | $0 | $581.00K | $591.00K | 27.5% | +32.8% |
| Water Tap Fees | $1.90M | $1.30M | $1.40M | – | $1.40M | $1.70M | $1.20M | – | $500.00K | $0 | $500.00K | – | 23.1% | +35.7% |
| Wastewater Tap Fees | $400.00K | $300.00K | $300.00K | $400.00K | $300.00K | $400.00K | $300.00K | $300.00K | $100.00K | $0 | $100.00K | $100.00K | 4.9% | +33.3% |
| Single-family rentals | $231.00K | $150.00K | $131.00K | $123.00K | $131.00K | $118.00K | $124.00K | $124.00K | $123.00K | $125.00K | $109.00K | $75.00K | 2.8% | +76.3% |
| Special facility projects and other | $189.00K | $219.00K | $202.00K | $279.00K | $216.00K | $91.00K | $199.00K | $255.00K | $222.00K | $137.00K | $280.00K | $137.00K | 2.3% | -12.5% |
| Project management fees | $137.00K | $211.00K | $296.00K | $274.00K | $138.00K | $116.00K | $253.00K | $345.00K | $221.00K | $41.00K | $100.00K | $110.00K | 1.7% | -0.7% |
| Wastewater treatment fees | – | – | – | – | $102.00K | $93.00K | $89.00K | $85.00K | $85.00K | $87.00K | $86.00K | $86.00K | – | – |
| Metered Water Usage - Municipal Customers | – | – | – | – | $148.00K | $129.00K | $230.00K | $330.00K | $145.00K | $111.00K | $202.00K | $155.00K | – | – |
| Metered Water Usage-Commercial Customers | – | – | – | – | $149.00K | $161.00K | $1.01M | $1.05M | $1.43M | $1.48M | $2.13M | $463.00K | – | – |
| Finished Lot | – | – | – | – | – | – | $2.30M | – | $4.80M | $1.20M | $1.90M | – | – | – |
By region
From the segment and revenue-disaggregation notes of Pure Cycle's 10-K and 10-Q filings (XBRL). Fourth-quarter figures are the fiscal year less the first nine months. Segment names follow the company's own labels and can change when it reorganizes.