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 | TTM Q3 26 | TTM Q2 26 | TTM Q1 26 | TTM Q4 25 | TTM Q3 25 | TTM Q2 25 | TTM Q1 25 | TTM Q4 24 | TTM Q3 24 | TTM Q2 24 | TTM Q1 24 | TTM Q4 23 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Land Development Segment | $20.18M | $19.73M | $19.01M | $15.26M | $16.33M | $18.46M | $18.37M | $17.60M | $10.13M | $8.32M | $8.57M | $7.10M | 59.8% | +23.6% |
| Water and Wastewater Resource Development Segment | $12.91M | $10.38M | $9.96M | $10.33M | $10.63M | $10.96M | $10.24M | $10.67M | $8.99M | $10.17M | $9.81M | $7.32M | 38.3% | +21.5% |
| Single-family rentals | $635.00K | $535.00K | $503.00K | $496.00K | $497.00K | $489.00K | $496.00K | $481.00K | $432.00K | $343.00K | $249.00K | $165.00K | 1.9% | +27.8% |
By product or service
| Revenue | TTM Q3 26 | TTM Q2 26 | TTM Q1 26 | TTM Q4 25 | TTM Q3 25 | TTM Q2 25 | TTM Q1 25 | TTM Q4 24 | TTM Q3 24 | TTM Q2 24 | TTM Q1 24 | TTM Q4 23 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Land Development | $20.18M | $19.73M | $19.01M | $15.26M | – | – | – | – | – | – | – | – | 59.8% | – |
| Lot sales | $18.37M | $17.89M | $17.40M | $13.69M | $14.07M | $16.34M | $16.42M | $16.00M | $9.66M | $8.02M | $8.20M | $6.82M | 54.5% | +30.6% |
| Water and Wastewater | $12.91M | $10.38M | $9.96M | $10.33M | – | – | – | – | – | – | – | – | 38.3% | – |
| Water and wastewater tap fees | $7.60M | $7.04M | $7.54M | $7.34M | $7.51M | $6.40M | $4.27M | $3.38M | $1.75M | $2.43M | $3.42M | $2.99M | 22.5% | +1.1% |
| Water and wastewater activities | $5.31M | $3.34M | $2.42M | $3.00M | – | – | – | – | – | – | – | – | 15.7% | – |
| Wastewater Tap Fees | $1.40M | $1.30M | $1.40M | $1.40M | $1.30M | $1.10M | $700.00K | $500.00K | $300.00K | $400.00K | $600.00K | $500.00K | 4.2% | +7.7% |
| Project management fees | $918.00K | $919.00K | $824.00K | $781.00K | $852.00K | $935.00K | $860.00K | $707.00K | $472.00K | $293.00K | $375.00K | $283.00K | 2.7% | +7.7% |
| Special facility projects and other | $889.00K | $916.00K | $788.00K | $785.00K | $761.00K | $767.00K | $813.00K | $894.00K | $776.00K | $576.00K | $679.00K | $467.00K | 2.6% | +16.8% |
| Single-family rentals | $635.00K | $535.00K | $503.00K | $496.00K | $497.00K | $489.00K | $496.00K | $481.00K | $432.00K | $343.00K | $249.00K | $165.00K | 1.9% | +27.8% |
| Wastewater treatment fees | – | – | – | – | $369.00K | $352.00K | $346.00K | $343.00K | $344.00K | $334.00K | $325.00K | $302.00K | – | – |
| Metered Water Usage - Municipal Customers | – | – | – | – | $837.00K | $834.00K | $816.00K | $788.00K | $613.00K | $613.00K | $585.00K | $504.00K | – | – |
| Metered Water Usage-Commercial Customers | – | – | – | – | $2.37M | $3.66M | $4.98M | $6.10M | $5.51M | $6.22M | $4.80M | $3.06M | – | – |
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.