15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $26M | $13M | 61.4% | 29.4% | — | $7M | $22M |
| 2024 | $29M | $12M | 68.7% | 42.6% | — | $7M | $22M |
| 2023 | $15M | $5M | 55.1% | 14.2% | — | — | $26M |
| 2022 | $23M | $10M | 71.2% | 43.9% | — | — | $35M |
| 2021 | $17M | $20M | 62.6% | 30.8% | — | — | $20M |
| 2020 | $26M | $7M | 29.2% | 5.9% | — | — | $22M |
| 2019 | $20M | $5M | 31.5% | 14.7% | — | — | $4M |
| 2018 | $7M | $414680 | 40.2% | -4.4% | -$444804 | — | $12M |
| 2017 | $1M | -$2M | 34.6% | -173.6% | -$1M | — | $6M |
| 2016 | $452161 | -$1M | -16.9% | -482.1% | -$743039 | — | $5M |
| 2015 | — | -$23M | — | — | -$991252 | — | $37M |
| 2014 | — | -$311444 | — | — | $48374 | — | $2M |
| 2013 | — | -$4M | — | — | -$2M | $13M | $2M |
| 2012 | — | -$17M | — | — | -$2M | $10M | $2M |
| 2011 | — | -$6M | — | — | — | — | $71795 |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Feb '26 | $5M | $1M | 53.9% | 5.1% | — | $8M | $5M |
| Nov '25 | $9M | $5M | 68.4% | 48.0% | — | $8M | $17M |
| Aug '25 | $11M | $6M | 67.7% | 53.1% | — | $7M | $22M |
| May '25 | $5M | $2M | 63.4% | 26.0% | — | $7M | $14M |
| Feb '25 | $4M | $809000 | 38.2% | -33.2% | — | $7M | $16M |
| Nov '24 | $6M | $4M | 63.8% | 29.9% | — | $7M | $19M |
| Aug '24 | $13M | $7M | 77.8% | 62.0% | — | $7M | $22M |
| May '24 | $8M | $3M | 64.0% | 40.3% | — | $7M | $20M |
| Feb '24 | $3M | $118000 | 55.6% | -11.5% | — | $7M | $20M |
| Nov '23 | $5M | $2M | 62.0% | 32.6% | — | $7M | $22M |
| Aug '23 | $3M | $1M | 52.4% | 1.3% | — | — | $26M |
| May '23 | $7M | $3M | 67.9% | 54.6% | — | $4M | $26M |
| Feb '23 | $3M | $189000 | 53.0% | -8.0% | — | $4M | $7M |
| Nov '22 | $1M | $159000 | 1.0% | -111.1% | — | $4M | $17M |
| Aug '22 | $11M | $6M | 78.5% | 59.6% | — | — | $35M |
| May '22 | $3M | $837000 | 56.3% | 19.6% | — | — | $5M |
| Feb '22 | $5M | $2M | 67.7% | 32.3% | — | — | $5M |
| Nov '21 | $4M | $2M | 67.6% | 34.6% | — | — | $13M |
| Aug '21 | $5M | $2M | 70.1% | 39.8% | — | — | $20M |
| May '21 | $3M | $624000 | 64.7% | 12.3% | — | — | $20M |
How the market has priced PCYO against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, PURE CYCLE CORP's revenue has grown 0.2% per year, and net income grown 14.2% per year. These are computed facts, not advice.
As of FY2025, PURE CYCLE CORP reported $7M of total debt against $22M of cash; operating income covered interest expense 18×.
In FY2025, gross margin was 61.4%, operating margin 29.4%, and net margin 50.3%.
As of Jun '26, PURE CYCLE CORP traded at a price-to-earnings ratio of about 20.2× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.