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Pure Cycle ( (PCYO) ) has provided an update.
On January 7, 2026, Pure Cycle reported results for the quarter ended November 30, 2025, posting net income of about $4.6 million, up 16% from a year earlier, on revenue of $9.1 million, a 59% increase, marking its 26th consecutive profitable quarter and earnings of $0.19 per diluted share. Growth was driven largely by land development revenue at Sky Ranch, where the company completed remaining lots in Phase 2C, advanced Phase 2D with new homebuilder partners, and began platting 159 lots in Phase 2E, even as EBITDA declined 12% and water deliveries to oil and gas customers fell due to reduced drilling activity; Pure Cycle also expanded its single-family rental portfolio to 19 homes, continued share repurchases supported by $17.1 million in cash and $14.8 million in working capital, and highlighted coming community enhancements, including a charter high school and a new I-70 interchange, underscoring its strategy to balance growth in recurring utility and rental revenues with ongoing residential and commercial build-out at Sky Ranch.
The most recent analyst rating on (PCYO) stock is a Buy with a $13.00 price target. To see the full list of analyst forecasts on Pure Cycle stock, see the PCYO Stock Forecast page.
Spark’s Take on PCYO Stock
According to Spark, TipRanks’ AI Analyst, PCYO is a Outperform.
Pure Cycle’s overall stock score reflects its strong financial health and consistent profitability, supported by a resilient business model. While technical indicators and valuation suggest moderate performance, the company’s adaptability and diverse revenue streams provide a solid foundation for future growth.
To see Spark’s full report on PCYO stock, click here.
More about Pure Cycle
Pure Cycle Corporation is a Denver-based company that develops and operates water and wastewater resources, land development projects, and a growing single-family rental business, with a major focus on its Sky Ranch master-planned community serving entry-level homebuyers in the Denver metropolitan area. The company partners with a portfolio of seven national homebuilders, including recent additions Pulte Group and Oakwood, to deliver finished residential lots and associated water and wastewater services while also advancing related community infrastructure such as schools and transportation links.
Average Trading Volume: 51,158
Technical Sentiment Signal: Sell
Current Market Cap: $260.2M
Find detailed analytics on PCYO stock on TipRanks’ Stock Analysis page.