# Pure Cycle Corp: overview PCYO · Nasdaq · CIK 276720 · [Utilities](/sectors/utilities.md) · fiscal year ends Aug 31 Pages: [Overview](/companies/pcyo.md) · [Financials](/companies/pcyo/financials.md) · [Filings](/companies/pcyo/filings.md) · [Insiders](/companies/pcyo/insiders.md) Latest reported revenue: [$8.2m](/filings/0001104659-26-081778.md) for Q3 FY2026, three months to 2026-05-31, from the 10-Q filed Jul 8, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001104659-26-081778). ## Last eight quarters | Line item | Unit | Q4 FY2024 (2024-08-31) | Q1 FY2025 (2024-11-30) | Q2 FY2025 (2025-02-28) | Q3 FY2025 (2025-05-31) | Q4 FY2025 (2025-08-31) | Q1 FY2026 (2025-11-30) | Q2 FY2026 (2026-02-28) | Q3 FY2026 (2026-05-31) | | --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | | Revenue | $m | [12.6 d](/filings/0001104659-25-110312.md) | [5.8](/filings/0001104659-26-001739.md) | [4.0](/filings/0001104659-26-040879.md) | [5.1](/filings/0001104659-26-081778.md) | [11.2 d](/filings/0001104659-25-110312.md) | [9.1](/filings/0001104659-26-001739.md) | [5.2](/filings/0001104659-26-040879.md) | [8.2](/filings/0001104659-26-081778.md) | | Gross margin | % | [77.8% d](/filings/0001104659-25-110312.md) | [63.8%](/filings/0001104659-26-001739.md) | [38.2%](/filings/0001104659-26-040879.md) | [63.4%](/filings/0001104659-26-081778.md) | [67.7% d](/filings/0001104659-25-110312.md) | [68.4%](/filings/0001104659-26-001739.md) | [53.9%](/filings/0001104659-26-040879.md) | [52.1%](/filings/0001104659-26-081778.md) | | Operating margin | % | [62.0% d](/filings/0001104659-25-110312.md) | [29.9%](/filings/0001104659-26-001739.md) | [(33.2%)](/filings/0001104659-26-040879.md) | [26.0%](/filings/0001104659-26-081778.md) | [53.1% d](/filings/0001104659-25-110312.md) | [48.0%](/filings/0001104659-26-001739.md) | [5.1%](/filings/0001104659-26-040879.md) | [25.7%](/filings/0001104659-26-081778.md) | | Net margin | % | [52.6% d](/filings/0001104659-25-110312.md) | [68.4%](/filings/0001104659-26-001739.md) | [20.3%](/filings/0001104659-26-040879.md) | [43.9%](/filings/0001104659-26-081778.md) | [54.5% d](/filings/0001104659-25-110312.md) | [50.0%](/filings/0001104659-26-001739.md) | [21.4%](/filings/0001104659-26-040879.md) | [35.9%](/filings/0001104659-26-081778.md) | | Diluted EPS | $ per share | not reported | [0.16](/filings/0001104659-26-001739.md) | [0.03](/filings/0001104659-26-040879.md) | [0.09](/filings/0001104659-26-081778.md) | not reported | [0.19](/filings/0001104659-26-001739.md) | [0.05](/filings/0001104659-26-040879.md) | [0.12](/filings/0001104659-26-081778.md) | | Free cash flow | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | - Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure. - Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure. - Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure. - Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure. - Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted. - Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities. Derived values: 12-month figure less the 9-month figure; 6-month figure less the 3-month figure; 9-month figure less the 6-month figure. ## Last five fiscal years | Line item | Unit | FY2021 (2021-08-31) | FY2022 (2022-08-31) | FY2023 (2023-08-31) | FY2024 (2024-08-31) | FY2025 (2025-08-31) | | --- | --- | ---: | ---: | ---: | ---: | ---: | | Revenue | $m | [17.1](/filings/0001558370-22-017799.md) | [23.0](/filings/0001558370-23-019110.md) | [14.6](/filings/0001558370-24-015541.md) | [28.7](/filings/0001104659-25-110312.md) | [26.1](/filings/0001104659-25-110312.md) | | Gross margin | % | [62.6%](/filings/0001558370-22-017799.md) | [71.2%](/filings/0001558370-23-019110.md) | [55.1%](/filings/0001558370-24-015541.md) | [68.7%](/filings/0001104659-25-110312.md) | [61.4%](/filings/0001104659-25-110312.md) | | Operating margin | % | [30.8%](/filings/0001558370-22-017799.md) | [43.9%](/filings/0001558370-23-019110.md) | [14.2%](/filings/0001558370-24-015541.md) | [42.6%](/filings/0001104659-25-110312.md) | [29.4%](/filings/0001104659-25-110312.md) | | Net margin | % | [117.4%](/filings/0001558370-22-017799.md) | [41.8%](/filings/0001558370-23-019110.md) | [32.2%](/filings/0001558370-24-015541.md) | [40.4%](/filings/0001104659-25-110312.md) | [50.3%](/filings/0001104659-25-110312.md) | | Diluted EPS | $ per share | [0.83](/filings/0001558370-22-017799.md) | [0.40](/filings/0001558370-23-019110.md) | [0.19](/filings/0001558370-24-015541.md) | [0.48](/filings/0001104659-25-110312.md) | [0.54](/filings/0001104659-25-110312.md) | | Free cash flow | $m | not reported | not reported | not reported | not reported | not reported | - Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. - Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. - Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. - Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. - Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted. - Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities. Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing. ## Insider purchases and sales The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/pcyo/insiders.md) None in coverage. ## Funds that report holding it From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md) | Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before | | --- | --- | ---: | ---: | --- | --- | | [MAGNOLIA GROUP, LLC](/funds/1618376.md) | 2026-06-30 | $19.2m | 1,795,421 | | Reduced −119,138 | | [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $15.0m | 1,397,370 | | Added +25,501 | | [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $9.9m | 927,930 | | Added +12,123 | | [SAPIENT CAPITAL LLC](/funds/1998653.md) | 2026-06-30 | $7.3m | 685,024 | | Reduced −3,335 | | [HEARTLAND ADVISORS INC](/funds/937394.md) | 2026-06-30 | $6.5m | 611,309 | | Reduced −15,955 | | [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $5.9m | 548,230 | | Added +38,777 | | [KENNEDY CAPITAL MANAGEMENT LLC](/funds/884589.md) | 2026-06-30 | $5.5m | 514,431 | | Reduced −10,624 | | [DIMENSIONAL FUND ADVISORS LP](/funds/354204.md) | 2026-06-30 | $5.0m | 468,979 | | Added +3,964 | | [Gem Investment Advisors, LLC](/funds/1580018.md) | 2026-06-30 | $4.8m | 449,829 | | Unchanged | | [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $4.8m | 446,656 | | Reduced −704 | ## Recent filings [All 467 filings](/companies/pcyo/filings.md) | Filed | Accepted | Form | What it is | Accession | | --- | --- | --- | --- | --- | | 2026-08-25 | 10:27 ET | [8-K](/filings/0001104659-26-100607.md) | 5.02 Departure or appointment of officers or directors; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-100607 | | 2026-08-06 | 15:45 ET | [SCHEDULE 13D/A](/filings/0001999371-26-017231.md) | Ownership report, active investor, amended | 0001999371-26-017231 | | 2026-07-09 | 18:09 ET | [SCHEDULE 13D/A](/filings/0001999371-26-014664.md) | Ownership report, active investor, amended | 0001999371-26-014664 | | 2026-07-09 | 11:00 ET | [8-K](/filings/0001104659-26-082168.md) | 2.02 Results of operations; 5.02 Departure or appointment of officers or directors; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-082168 | | 2026-07-08 | 16:00 ET | [10-Q](/filings/0001104659-26-081778.md) | Quarterly report, period 2026-05-31 | 0001104659-26-081778 | | 2026-05-26 | 09:34 ET | [8-K](/filings/0001104659-26-066072.md) | 5.02 Departure or appointment of officers or directors | 0001104659-26-066072 | | 2026-04-09 | 10:44 ET | [8-K](/filings/0001104659-26-041286.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-041286 | | 2026-04-08 | 16:00 ET | [10-Q](/filings/0001104659-26-040879.md) | Quarterly report, period 2026-02-28 | 0001104659-26-040879 | | 2026-01-16 | 16:01 ET | [SCHEDULE 13D/A](/filings/0001104659-26-004527.md) | Ownership report, active investor, amended | 0001104659-26-004527 | | 2026-01-16 | 12:00 ET | [8-K](/filings/0001104659-26-004427.md) | 1.01 Entry into a material agreement; 5.02 Departure or appointment of officers or directors; 5.07 Shareholder vote results; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001104659-26-004427 | ## Latest annual report [Form 10-K for the fiscal year ended Aug 31, 2025](/filings/0001104659-25-110312.md), filed Nov 12, 2025. ## Forecast league Q4 FY2026, the quarter ended 2026-08-31, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/be3a9318-2523-4e47-8a70-184b7f66ca0d) ## About the filer - CIK: 276720 - Tickers: PCYO - Exchange: Nasdaq - SIC code: 4941 Water Supply - State of incorporation: CO - Filer category: Non-accelerated filer
Smaller reporting company Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:21 ET. No prices; not investment advice.