The call highlighted significant achievements such as strong gross profit margins, growth in mineral estate revenues, and expansion in single-family rentals. However, it also acknowledged challenges like slight revenue declines, permitting delays affecting growth, and weak industrial water sales. Despite these challenges, the company's liquidity and strategic initiatives remain strong.

Company Guidance -

Q4 2025

During the third quarter earnings call, Pure Cycle Corporation provided guidance that reflected a solid financial performance and strategic outlook for fiscal year 2025. The company reported quarterly revenues of $5 million, with a strong gross profit margin of 63%, translating to $3.2 million in gross profits. Net income for the quarter was over $2 million, equating to $0.09 per share, with year-to-date net income totaled at approximately $7 million or $0.29 earnings per share. The company highlighted its diversification through its mineral estate, which contributed over $1 million in quarterly results and close to $6 million year-to-date. Pure Cycle is on track to meet its fiscal year guidance of $31 million in revenues and $23.7 million in gross profit, with significant contributions expected from the delivery of 220 lots by year-end. The water utility segment continues to grow with recurring revenue streams, although the industrial segment was lighter than previous years due to a focus on permitting. The land development segment is delivering lots in real-time to match homebuilder demand, while the single-family rental segment anticipates increased activity in the coming quarters. The company maintains a strong liquidity position, facilitating opportunities for capital deployment and growth amid market headwinds in consumer confidence and affordability.

Strong Gross Profit Margins

Quarterly revenues reached $5 million, with gross profits maintaining a 63% margin, equating to $3.2 million in gross profits.

Mineral Estate Revenue Growth

Mineral estate revenues contributed over $1 million this quarter, with year-to-date revenues reaching close to $6 million, driven by new wells.

Net Income Performance

Quarterly net income was over $2 million, translating to $0.09 earnings per share; year-to-date net income reached $7 million, or $0.29 per share.

Expansion in Single-Family Rentals

Strong growth anticipated in single-family rentals, with 98 homes planned in Phase 2D over the next 18 months.

Liquidity and Capital Management

The company maintains a high degree of liquidity, enabling continued investment in business segments and potential land acquisitions.

Groundbreaking of High School

Construction has begun on a high school, enhancing the attractiveness of the Sky Ranch community for new families.

Pure Cycle (PCYO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

PCYO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 18, 2025	2025 (Q4)	- / -	0.274	―	―	―
Jul 09, 2025	2025 (Q3)	- / 0.09	0.117	-20.51% (-0.02)
Apr 09, 2025	2025 (Q2)	- / 0.03	0.005	560.00% (+0.03)
Jan 08, 2025	2025 (Q1)	- / 0.16	0.086	89.53% (+0.08)
Nov 13, 2024	2024 (Q4)	- / 0.27	0.044	522.73% (+0.23)
Jul 10, 2024	2024 (Q3)	- / 0.12	0.136	-13.97% (-0.02)
Apr 10, 2024	2024 (Q2)	- / <0.01	0.008	-37.50% (>-0.01)
Jan 12, 2024	2024 (Q1)	- / 0.09	0.007	1128.57% (+0.08)
Nov 15, 2023	2023 (Q4)	- / 0.04	0.231	-80.95% (-0.19)
Jul 12, 2023	2023 (Q3)	- / 0.14	0.035	288.57% (+0.10)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

PCYO Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 09, 2025	$10.64	$10.40	-2.26%
Apr 09, 2025	$10.78	$10.29	-4.55%
Jan 08, 2025	$11.98	$11.57	-3.42%
Nov 13, 2024	$11.68	$13.04	+11.64%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Pure Cycle Corp. (PCYO) report earnings?

Pure Cycle Corp. (PCYO) is schdueled to report earning on Nov 18, 2025, TBA (Confirmed).

What is Pure Cycle Corp. (PCYO) earnings time?

Pure Cycle Corp. (PCYO) earnings time is at Nov 18, 2025, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

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What is PCYO EPS forecast?

Currently, no data Available

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