Apr. 10 at 11:29 AM
$PCYO
🚨
Pure Cycle reported its Q2 and YTD 2025 financial results, marking its twenty-third consecutive quarter with positive net income.
The company posted Q2 revenues of
$4.0 million and YTD revenues of
$9.7 million, generating pre-tax income of
$1.1 million and
$6.3 million respectively.
Development continues at the Sky Ranch Master Planned Community, with Phase 2A completed and Phase 2B nearing completion with approximately 70 homes under construction.
Phase 2C is actively developing with utility and road work underway, while Phase 2D's grading work is finished.
The company has begun platting Phase 2E, expected to be ready by fiscal 2026.
Key financial highlights include royalty income of
$1.9 million for Q2 and
$4.7 million YTD, EBITDA of
$1.8 million for Q2 and
$7.6 million YTD, and cash & cash equivalents of
$16.8 million as of February 28, 2025. The company maintains strong working capital of
$19.8 million, positioning it well for growth and potential acquisitions.
