Quarterly ResultJul 8, 2026, 04:07 PM
Pure Cycle Q3 Revenue Jumps 60% to $8.22M; EPS Up 33% to $0.12
AI Summary
Pure Cycle Corp reported strong financial results for the third quarter and nine months ended May 31, 2026. Q3 revenues surged 60% to $8.22 million, driven by significant growth in water and wastewater activities and tap fees, alongside increased lot sales. Net income for the quarter rose 30.7% to $2.95 million, with basic EPS climbing to $0.12. The company also continued to expand its single-family rental portfolio and progress on land development phases at Sky Ranch.
Key Highlights
- Total revenues for Q3 FY2026 reached $8.22 million, a 60% increase year-over-year.
- Net income for Q3 FY2026 was $2.95 million, up 30.7% compared to the prior year quarter.
- Basic earnings per share for Q3 FY2026 increased 33.3% to $0.12.
- Nine-month total revenues were $22.53 million, a 51.3% increase year-over-year.
- Nine-month net income was $8.62 million, up 23.1% from the previous year.
- Water and Wastewater segment revenue for Q3 grew 119% to $4.66 million.
- Land Development segment revenue for Q3 increased 15.7% to $3.33 million.
- Single-family rental portfolio expanded to 38 rented homes, with 33 additional units planned.
Price Impact
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