Pure Cycle Corporation (PCYO) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
34501 E. QUINCY AVE WATKINS, CO 80137 |
| State of Incorp. | CO |
| Fiscal Year End | August 31 |
| Industry (SIC) | 4941 - Water Supply (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 5/31/2025 MRQ | 11/30/2024 MRQ | 8/31/2024 | 8/31/2023 | 8/31/2022 | 8/31/2021 | 8/31/2020 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 19,031 | 22,113 | 26,012 | 34,894 | 20,117 | 21,797 | |||
| Cash and cash equivalent | 19,031 | 22,113 | 26,012 | 34,894 | 20,117 | 21,797 | |||
| Receivables | 4,993 | 11,572 | 1,643 | 2,425 | 1,532 | 2,712 | |||
| Prepaid expense | 1,001 | ||||||||
| Other undisclosed current assets | 4,178 | 4,177 | 2,072 | 467 | 17,066 | 481 | |||
| Total current assets: | 28,202 | 37,862 | 29,727 | 37,786 | 38,715 | 25,991 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 154 | 158 | 357 | 138 | 122 | 196 | |||
| Property, plant and equipment | 2,584 | 3,161 | 5,457 | 1,224 | 57,090 | 55,087 | |||
| Long-term investments and receivables | 1,079 | ||||||||
| Due from related parties | ✕ | ✕ | ✕ | ✕ | 1,079 | ||||
| Restricted cash and investments | 5,336 | 3,245 | 2,475 | 2,328 | |||||
| Other noncurrent assets | 1,365 | 1,164 | 1,359 | 2,463 | 2,591 | 2,043 | |||
| Other undisclosed noncurrent assets | 112,047 | 101,764 | 93,841 | 85,290 | 18,659 | 5,366 | |||
| Total noncurrent assets: | 121,486 | 109,492 | 103,489 | 91,443 | 78,462 | 63,770 | |||
| TOTAL ASSETS: | 149,688 | 147,354 | 133,216 | 129,229 | 117,177 | 89,761 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 4,942 | 3,390 | 1,960 | 6,733 | 7,174 | 1,571 | |||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | 2,530 | 4,163 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | 1,325 | ||||
| Accounts payable | 2,230 | 1,948 | 1,960 | 849 | 1,787 | 180 | |||
| Accrued liabilities | 2,712 | 1,442 | 2,029 | 1,224 | 1,391 | ||||
| Deferred revenue | 537 | 2,173 | 1,661 | 4,275 | 1,995 | 1,635 | |||
| Debt | 161 | 64 | 31 | 10 | |||||
| Due to related parties | ✕ | ✕ | ✕ | ✕ | 560 | 2,881 | |||
| Deferred lease income | ✕ | ✕ | ✕ | ✕ | ✕ | 410 | 1,800 | ||
| Other undisclosed current liabilities | 2,272 | 3,722 | 2,851 | (755) | 1,212 | ||||
| Total current liabilities: | 7,912 | 9,349 | 6,503 | 10,823 | 12,460 | 6,219 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 6,719 | 6,821 | 6,885 | 4,012 | 37 | 120 | |||
| Long-term debt, excluding current maturities | 6,719 | 6,821 | 6,885 | 3,950 | |||||
| Liabilities, other than long-term debt | 1,470 | 1,482 | 1,594 | 1,075 | 1,615 | 1,051 | |||
| Deferred revenue | 165 | ||||||||
| Deferred income tax liabilities | 1,395 | 1,395 | 1,352 | 1,075 | 1,615 | 886 | |||
| Operating lease, liability | 75 | 87 | 242 | 62 | 37 | 120 | |||
| Other undisclosed noncurrent liabilities | 323 | 325 | 328 | ||||||
| Total noncurrent liabilities: | 8,189 | 8,303 | 8,479 | 5,410 | 1,977 | 1,499 | |||
| Total liabilities: | 16,101 | 17,652 | 14,982 | 16,233 | 14,437 | 7,717 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 133,587 | 129,702 | 118,234 | 112,996 | 102,740 | 82,044 | |||
| Preferred stock | 0 | ||||||||
| Additional paid in capital | 175,181 | 175,125 | 174,689 | 174,150 | 173,513 | 172,927 | |||
| Accumulated deficit | (41,674) | (45,503) | (56,535) | (61,234) | (70,853) | (90,963) | |||
| Other undisclosed equity, attributable to parent | 80 | 80 | 80 | 80 | 80 | 80 | |||
| Total equity: | 133,587 | 129,702 | 118,234 | 112,996 | 102,740 | 82,044 | |||
| TOTAL LIABILITIES AND EQUITY: | 149,688 | 147,354 | 133,216 | 129,229 | 117,177 | 89,761 | |||
Income Statement (P&L) ($ in thousands)
| 5/31/2025 TTM | 11/30/2024 TTM | 8/31/2024 | 8/31/2023 | 8/31/2022 | 8/31/2021 | 8/31/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 29,113 | 28,747 | 14,586 | 23,003 | 17,125 | 25,855 | ||
| Cost of revenue | (9,030) | (8,988) | (6,546) | (6,629) | (6,402) | (18,311) | ||
| Cost of product and service sold | (1,513) | (1,504) | (1,658) | (1,740) | (1,457) | (1,367) | ||
| Gross profit: | 20,083 | 19,759 | 8,040 | 16,374 | 10,723 | 7,544 | ||
| Operating expenses | (7,878) | (7,517) | (5,968) | (6,278) | (5,454) | (6,031) | ||
| Operating income: | 12,205 | 12,242 | 2,072 | 10,096 | 5,269 | 1,513 | ||
| Nonoperating income | 4,731 | 1,972 | 2,873 | 762 | 619 | 1,130 | ||
| Investment income, nonoperating | 4,667 | 1,972 | 1,365 | 669 | 579 | 1,095 | ||
| Other nonoperating income | 64 | 1,508 | 93 | 40 | 36 | |||
| Interest and debt expense | (329) | (439) | ||||||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 20,702 | 6,276 | ||||||
| Income from continuing operations before equity method investments, income taxes: | 16,607 | 13,775 | 4,945 | 10,858 | 26,590 | 8,919 | ||
| Other undisclosed income from continuing operations before income taxes | 1,431 | 1,857 | 1,275 | 1,847 | ||||
| Income from continuing operations before income taxes: | 18,038 | 15,632 | 6,220 | 12,705 | 26,590 | 8,919 | ||
| Income tax expense | (4,553) | (4,019) | (1,521) | (3,086) | (6,480) | (2,169) | ||
| Income from continuing operations: | 13,485 | 11,613 | 4,699 | 9,619 | 20,110 | 6,750 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 9,619 | 20,110 | 6,750 | |
| Net income available to common stockholders, diluted: | 13,485 | 11,613 | 4,699 | 9,619 | 20,110 | 6,750 | ||
Comprehensive Income ($ in thousands)
| 5/31/2025 TTM | 11/30/2024 TTM | 8/31/2024 | 8/31/2023 | 8/31/2022 | 8/31/2021 | 8/31/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 13,485 | 11,613 | 4,699 | 9,619 | 20,110 | 6,750 | ||
| Comprehensive income: | 13,485 | 11,613 | 4,699 | 9,619 | 20,110 | 6,750 | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (4) | |||||||
| Comprehensive income, net of tax, attributable to parent: | 13,485 | 11,613 | 4,699 | 9,619 | 20,110 | 6,746 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.