Pure Cycle ( (PCYO) ) has released its Q2 earnings. Here is a breakdown of the information Pure Cycle presented to its investors.
Pure Cycle Corporation is a Colorado-based company operating in the water and wastewater services sector, known for its innovative approach to water resource management and real estate development.
In its latest earnings report, Pure Cycle Corporation highlighted a notable increase in net income for the quarter ending February 28, 2025, driven by strong performance in water and wastewater tap fees and lot sales at its Sky Ranch development.
Key financial metrics revealed a significant rise in revenues, totaling $9.7 million for the six months ended February 28, 2025, compared to $8.6 million in the previous year. The company’s net income also saw a substantial increase, reaching $4.7 million, up from $2.2 million in the prior year. Additionally, the company reported a healthy balance sheet with total assets of $149.7 million and a reduction in liabilities.
Looking forward, Pure Cycle Corporation remains optimistic about its growth prospects, particularly in expanding its single-family rental business and continuing development at Sky Ranch. The company aims to leverage its strategic position in the water and real estate markets to drive future revenue growth.