PURE CYCLE CORP
Close on Oct 19, 2026
- Market cap
- $262.17M
- P/E (TTM)
- 17.8
- Dividend yield
- –
About Pure Cycle
Water Supply, SIC 4941
Pure Cycle Corporation is a diversified water and wastewater service provider, land developer, and single-family home rental enterprise. The company operates through three primary business segments: water and wastewater resource development, land development, and single-family rentals. It provides wholesale water production, storage, treatment, and distribution, alongside wastewater collection and treatment infrastructure. Additionally, it develops land into master-planned communities and offers single-family homes for lease. Its customer base encompasses domestic, commercial, and industrial water consumers, residential homebuilders, and energy operators involved in oil and gas exploration.
The company concentrates its operations along the Front Range of Colorado, primarily serving the eastern Denver metropolitan region. Its central development, Sky Ranch, is situated along the Interstate 70 corridor and is zoned for up to 3,200 residential units and over two million square feet of commercial, retail, and industrial space. Pure Cycle Corporation maintains its principal executive offices in Watkins, Colorado.
Summary of the business section of Pure Cycle's latest annual report, written by StockData.
Company profile
Company
- Legal name
- PURE CYCLE CORP
- Headquarters
- Watkins, CO
- Address
- 34501 E. Quincy Ave, Bldg. 34 80137
- Phone
- (303) 292-3456
- Website
- purecyclewater.com
- Employees
- 44, Aug 31, 2025
- Industry
- Water Supply
- Incorporated in
- Colorado
- Fiscal year ends
- August 31
- Auditor
- Forvis Mazars, LLP, Denver, CO
Stock & identifiers
- Ticker
- PCYO
- Exchange
- Nasdaq
- IPO date
- Jun 22, 2004
- Shares outstanding
- 24M, Jul 6, 2026
- Public float
- $200.55M, Feb 28, 2025
- Filer category
- Non-accelerated filer<br>Smaller reporting company
- Stock splits
- 1-for-10 reverse, Apr 26, 2004
- SEC CIK
- 276720
- CUSIP
- 746228303
- ISIN
- US7462283034
- EIN
- 84-0705083
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Mark W. Harding | CHIEF EXECUTIVE OFFICER, Director | 164,818 |
| Marc Stephen Spezialy | Chief Financial Officer | – |
| Christopher Fink | Director | 1,123 |
| Kelly J. Haecker | Director | 1,123 |
| Daniel R. Kozlowski | Director | 3,019,988 |
| Wanda J. Abel | Director | 13,258 |
| Frederick A. Fendel Iii | Director | 15,258 |
| Jeffrey G. Sheets | Director | 17,258 |
| Patrick Beirne | Director | 27,258 |
| Susan Diane Heitmann | Director | 6,827 |
| Daniel J. Roller | Director | – |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Mark W. Harding | $965.02K | $1.17M | $326.32K | $-3 | – |
| FY2024 Mark W. Harding | $1.20M | $1.14M | $309.30K | $-3 | – |
| FY2023 Mark W. Harding | $1.05M | $1.05M | $435.17K | $6 | – |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of August 31, 2025, we employed 44 full-time employees, and all are located in the USA.”
Corporate history
Events identified from SEC filings