Pure Cycle Corp. (PCYO)
NASDAQ:PCYO
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PCYO Stock Chart & Stats
$11.40
-$0.11(-0.91%)
At close: 4:00 PM EST
$11.40
-$0.11(-0.91%)
Day’s Range― - ―
52-Week Range$9.65 - $12.44
Previous CloseN/A
Volume7.30K
Average Volume (3M)46.66K
Market Cap
$254.54M
Enterprise Value$252.63M
Total Cash (Recent Filing)$4.82M
Total Debt (Recent Filing)$7.97M
Price to Earnings (P/E)18.4
Beta0.77
Next Earnings
Jul 15, 2026EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.58
Shares Outstanding24,103,909
10 Day Avg. Volume55,734
30 Day Avg. Volume46,656
Financial Highlights & Ratios
PEG Ratio1.48
Price to Book (P/B)1.70
Price to Sales (P/S)9.32
P/FCF Ratio65.88
Enterprise Value/Market Cap0.99
Enterprise Value/Revenue8.24
Enterprise Value/Gross Profit13.69
Enterprise Value/Ebitda11.78
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Bulls Say, Bears Say
Bulls Say
Balance Sheet HealthVery low leverage (debt-to-equity ~0.05) and a growing equity base give Pure Cycle durable financial flexibility. This conservative capital structure reduces refinancing risk, supports opportunistic buybacks and phased development funding, and preserves capacity to invest in water infrastructure and monetization even through cyclical cash swings.
Sustained ProfitabilityTwenty-seven consecutive profitable quarters combined with historically strong margins (gross ~59%, net ~47% per financial summary) signal durable earnings power. Consistent profitability supports reinvestment in water assets and development, underpins guidance credibility, and provides a buffer during timing-driven revenue swings tied to lot deliveries.
Water Asset Capacity & Business ModelA large, underdeveloped water asset base (≈$74–75M) and capacity to serve tens of thousands of connections provide a long runway for recurring revenue growth. Premium industrial pricing and existing WISE subscriptions create high-margin upside avenues, enabling durable monetization via utility rates, industrial contracts, and staged lot development over multiple years.
Bears Say
Inconsistent Cash GenerationWeak and volatile cash conversion reduces confidence in earnings quality. Operating cash to net income near 0.57 and intermittent negative free cash flow indicate working-capital and investment-timing sensitivity. This inconsistency can constrain funding for development, increase reliance on asset monetization or refinancing, and limit steady capital returns.
Revenue And Delivery VolatilityRevenue is lumpy and tied to timing of lot deliveries and one-off development recognition. Such cadence-driven top-line swings make forecasting and margin sustainability harder over a multi-quarter horizon, complicate capital planning for infrastructure, and increase reliance on episodic monetizations rather than smooth recurring utility yields.
Demand & Regulatory Constraints On GrowthHigh-margin industrial water and large-user opportunities are structurally uncertain: contracts are often variable, tied to commodity cycles, and not fully firm. Additionally, policy and power limits reduce the odds and timing of landing hyperscale users. Paused rental expansion amid regulatory scrutiny further constrains predictable recurring revenue growth.
Pure Cycle News
PCYO FAQ
What was Pure Cycle Corp.’s price range in the past 12 months?
Pure Cycle Corp. lowest stock price was $9.65 and its highest was $12.44 in the past 12 months.
What is Pure Cycle Corp.’s market cap?
Pure Cycle Corp.’s market cap is $254.54M.
When is Pure Cycle Corp.’s upcoming earnings report date?
Pure Cycle Corp.’s upcoming earnings report date is Jul 15, 2026 which is in 32 days.
How were Pure Cycle Corp.’s earnings last quarter?
Pure Cycle Corp. released its earnings results on Apr 08, 2026. The company reported $0.046 earnings per share for the quarter, beating the consensus estimate of N/A by $0.046.
Is Pure Cycle Corp. overvalued?
According to Wall Street analysts Pure Cycle Corp.’s price is currently Overvalued.
Does Pure Cycle Corp. pay dividends?
Pure Cycle Corp. does not currently pay dividends.
What is Pure Cycle Corp.’s EPS estimate?
Pure Cycle Corp.’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Pure Cycle Corp. have?
Pure Cycle Corp. has 24,103,909 shares outstanding.
What happened to Pure Cycle Corp.’s price movement after its last earnings report?
Pure Cycle Corp. reported an EPS of $0.046 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went up 0.937%.
Which hedge fund is a major shareholder of Pure Cycle Corp.?
Currently, no hedge funds are holding shares in PCYO
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Pure Cycle Stock Smart Score
Neutral
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Blogger Sentiment
Bullish
PCYO Sentiment 100%
Sector Average 74%
Sector Average 74%
Hedge Fund Trend
Decreased
By 111.2K Shares
Last Quarter.
Last Quarter.
Technicals
SMA
Positive
20 days / 200 days
Momentum
-12.58%
12-Months-Change
Fundamentals
Return on Equity
9.75%
Trailing 12-Months
Asset Growth
11.35%
Trailing 12-Months
Company Description
Pure Cycle Corp.
Pure Cycle Corporation, a U.S.-based entity, manages the entire lifecycle of water and wastewater utility systems within the Denver metropolitan area and the broader Colorado Front Range. Its operations are primarily divided into two key segments: Wholesale Water and Wastewater Services, and Land Development. Through these divisions, the company is involved in the sourcing, storage, purification, and distribution of bulk water, alongside the collection and treatment of wastewater. Furthermore, it undertakes the development of master-planned communities and manages an oil and gas leasing portfolio. Its comprehensive services cater to residential, commercial, and industrial clients throughout the Denver metropolitan region. Established in 1976, Pure Cycle Corporation maintains its headquarters in Watkins, Colorado.
PCYO Company Deck
PCYO Earnings Call
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call highlighted multiple operational and financial positives: sustained profitability (27 consecutive profitable quarters), mid-year pacing near 50% of guidance with maintained full-year revenue and EPS targets, strong water-asset runway and industrial water upside from recent permitting activity, meaningful land development progress (lots ahead of schedule and inventory for builders), and healthy single-family rental occupancy and recurring revenue growth. Offsetting these are timing and cadence risks: margin moderation from accelerated lot delivery, variable industrial water demand tied to oil/gas cycles (not fully take-or-pay), a deliberate pause/slowdown in rental expansion due to regulatory and return assessment, slight schedule slip on the interchange, and limited near-term prospects for large data-center users in-state due to power and policy constraints. Overall, the positives (growth, asset capacity, strong balance sheet, on-track guidance) materially outweigh the operational and timing headwinds, supporting a constructive view of the company’s near- to medium-term outlook.View all PCYO earnings summariesTechnical Analysis
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Ownership Overview
17.10% Insiders
13.15% Mutual Funds
27.71% Other Institutional Investors
33.60% Public Companies and
Individual Investors
Options Prices
Currently, No data available
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