Pure Cycle financials
$10.99+0.55%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q3 '26 May 31 | Q2 '26 Feb 28 | Q1 '26 Nov 30 | Q4 '25 Aug 31 | Q3 '25 May 31 | Q2 '25 Feb 28 | Q1 '25 Nov 30 | Q4 '24 Aug 31 | Q3 '24 May 31 | Q2 '24 Feb 29 | Q1 '24 Nov 30 | Q4 '23 Aug 31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.2M | $5.2M | $9.1M | $11.2M | $5.1M | $4.0M | $5.8M | $12.6M | $7.6M | $3.2M | $5.4M | $3.4M |
| Gross profit | $4.3M | $2.8M | $6.3M | $7.6M | $3.3M | $1.5M | $3.7M | $9.8M | $4.9M | $1.8M | $3.7M | $3.4M |
| Gross margin | 52.1% | 53.9% | 68.4% | 67.7% | 63.4% | 38.2% | 63.8% | 77.8% | 64.0% | 55.6% | 68.8% | 101.6% |
| Operating income | $2.1M | $263.0K | $4.4M | $5.9M | $1.3M | -$1.3M | $1.7M | $7.8M | $3.1M | -$368.0K | $1.8M | $44.0K |
| Net income | $2.9M | $1.1M | $4.6M | $6.1M | $2.3M | $809.0K | $3.9M | $6.6M | $2.8M | $118.0K | $2.1M | $1.1M |
| Net margin | 35.9% | 21.4% | 50.0% | 54.5% | 43.9% | 20.3% | 68.4% | 52.6% | 37.2% | 3.7% | 38.3% | 31.4% |
| Diluted EPS | $0.12 | $0.05 | $0.19 | $0.25 | $0.09 | $0.03 | $0.16 | $0.27 | $0.12 | $0.00 | $0.09 | $0.04 |
| EBITDA | $2.7M | $819.0K | $4.9M | $6.6M | $1.9M | -$710.0K | $2.2M | $8.3M | $3.7M | $140.0K | $2.2M | $606.0K |
| Operating cash flow | $3.5M | -$4.2M | -$979.0K | $9.4M | -$428.0K | -$1.4M | $5.7M | $3.1M | -$2.2M | $2.6M | -$1.2M | $382.0K |
| Free cash flow | -$2.6M | -$10.6M | -$1.1M | $8.5M | -$483.0K | -$1.4M | $5.4M | $900.0K | -$4.8M | -$552.0K | -$1.4M | $261.0K |
| Diluted shares | 24.2M | 24.2M | 24.2M | 24.2M | 24.1M | 24.2M | 24.2M | 24.1M | 24.1M | 24.1M | 24.2M | 24.0M |
Balance sheet
| Period end | May 31 | Feb 28 | Nov 30 | Aug 31 | May 31 | Feb 28 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $8.4M | $4.8M | $17.1M | $21.9M | $14.4M | $16.8M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $14.1M | $8.0M | $8.0M | $6.8M | $6.9M | $6.9M |
| Total assets | $176.0M | $166.6M | $168.1M | $162.3M | $151.7M | $149.7M |
| Total liabilities | $24.4M | $17.9M | $20.6M | $19.5M | $15.1M | $15.2M |
| Shareholders' equity | $151.6M | $148.7M | $147.5M | $142.7M | $136.7M | $134.4M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology