Pure Cycle Corporation Reports Steady Earnings Growth

Pure Cycle ( (PCYO) ) has released its Q3 earnings. Here is a breakdown of the information Pure Cycle presented to its investors.

Pure Cycle Corporation is a Colorado-based company specializing in water and wastewater services, land development, and single-family rentals, primarily operating in the Denver metropolitan area. The company recently released its earnings report for the quarter ending May 31, 2025, showcasing its diverse revenue streams and financial health.

In its latest earnings report, Pure Cycle Corporation highlighted a net income of $2.3 million for the quarter, an increase from the previous year’s $2.8 million. The company’s total revenues for the quarter were $5.1 million, driven by water and wastewater tap fees, lot sales, and single-family rental income. Despite a decrease in total revenues compared to the same period last year, the company maintained a strong financial position with a focus on strategic investments in water rights and land development.

Key financial metrics from the report include a significant increase in water and wastewater tap fee revenue, which rose to $1.7 million from $0.6 million in the previous year. Lot sales contributed $2.5 million to the quarterly revenue, although this was a decrease from the $4.8 million recorded in the same quarter last year. The company’s investment in single-family rental homes also showed promise, with rental income remaining steady at $0.1 million for the quarter.

Looking ahead, Pure Cycle Corporation remains optimistic about its growth prospects, particularly in the development of its Sky Ranch property. The company plans to expand its single-family rental portfolio and continue its strategic investments in water resources, positioning itself to meet the increasing demand for water services in the region. Management is confident that these initiatives will drive future revenue growth and enhance shareholder value.