PCYO at a glance
PURE CYCLE CORP (PCYO, SEC CIK 276720) filed its latest 10-K annual report on November 12, 2025, a 10-Q quarterly report on July 8, 2026, an 8-K current report on August 25, 2026 and Form 4 insider filings as recently as September 23, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended August 31, 2025 (FY2025), PURE CYCLE CORP (PCYO) reported revenue of $26.1 million (down 9.3% from FY2024) and net income of $13.1 million. Diluted EPS was $0.54.
- As of June 30, 2026, 20 institutional investment managers tracked by SignalX reported holding PURE CYCLE CORP (PCYO) shares worth $46.3 million in 13F-HR filings.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $26.1M
- −9.3% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 20 funds
- $46.3M · +1 vs prior quarter
- Latest 8-K
- Aug 25, 2026
- Item 7.01 · Item 5.02
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended May 31, 2026
Management Discussion & Analysis
- Quarterly revenue $8.222M, up 60% YoY from $5.140M
- Operating income $2.114M, up 58% YoY; operating margin 25.7% vs 26.0%
- Best segment water and wastewater revenue $4.659M, up 119% YoY
- Worst product line special facility projects and other revenue $189K, down 13% YoY
- Net income $2.948M, up 31% YoY; moderate demand expected amid elevated energy prices, inflation and geopolitical uncertainty
Risk Factors
- New legislative risk: 21st Century ROAD to Housing Act passed June 23, 2026, pending presidential signature
- Regulatory uncertainty: Act’s scope, 350-home threshold, and build-to-rent resale exception remain unresolved
- Operational risk: Rental portfolio expansion paused beyond homes currently under contract
- Market risk: Institutional-ownership restrictions could reduce rental-home demand and future portfolio-sale values
AI summary of the PCYO 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 7.01: Regulation FD Disclosure
- Boilerplate Regulation FD disclosure language accompanying an earnings-related press release
- Press release information excluded from incorporation into future Securities Act or Exchange Act filings
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Chris Fink and Kelly Haecker appointed as directors on August 24, 2026, restoring the Board to eight members
- Both directors deemed independent under Nasdaq rules, supporting governance and oversight compliance
Item 2.02: Results of Operations and Financial Condition
- Results cover the three and nine months ended May 31, 2026
- Investors should review Exhibit 99.1 for revenue, profitability, cash flow, and operating details
Item 7.01: Regulation FD Disclosure
- Pure Cycle presented operations and financial results for the three and nine months ended May 31, 2026
- Earnings Presentation furnished as Exhibit 99.2 and posted in the company’s Investor Relations section
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Daniel R. Kozlowski resigned from Pure Cycle’s Board effective July 7, 2026
- Resignation unrelated to disagreements over operations, policies, or practices
Item EX-99.1: Item EX-99.1
- Q3 revenue $8.2M, up 60%; nine-month revenue $22.5M, up 51%, led by water and land development
- Net income $2.9M and $8.6M, up 31% and 23%; diluted EPS $0.12 and $0.36
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Director Daniel J. Roller resigned effective immediately on May 21, 2026
- Resignation unrelated to disagreements over operations, policies, or practices
AI summaries of PCYO 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for PCYO
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- Alerts as it files. A push when PCYO files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut PCYO, by share count.
- Ask anything. An AI agent that reads every PCYO filing and answers with sources.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| HARDING MARK W | M | Sep 22, 2026 | 50,000 | - |
| HARDING MARK W | F | Sep 22, 2026 | 25,271 | $11.10 |
| HARDING MARK W | M | Sep 22, 2026 | 50,000 | $5.61 |
| Haecker Kelly J | A | Sep 16, 2026 | 1,123 | - |
| Fink Christopher | A | Sep 16, 2026 | 1,123 | - |
| Spezialy Marc Stephen | A | Sep 16, 2026 | 30,000 | - |
| BEIRNE PATRICK | A | Jan 14, 2026 | 2,653 | - |
| Kozlowski Daniel R | A | Jan 14, 2026 | 2,653 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $28.7M | $26.1M |
| Gross Profit | $8.0M | $19.8M | $16.0M |
| Operating Income | - | $12.2M | $7.7M |
| Net Income | $4.7M | $11.6M | $13.1M |
| Gross Margin | - | 68.7% | 61.4% |
| Op. Margin | - | 42.6% | 29.4% |
| Net Margin | - | 40.4% | 50.3% |
| Balance Sheet | |||
| Total Assets | $133.2M | $147.4M | $162.3M |
| Equity | - | $129.7M | $142.7M |
| ROE | - | 9.0% | 9.2% |
| Per Share | |||
| EPS | $0.19 | $0.48 | $0.54 |
| Cash Flow | |||
| Operating CF | - | $2.2M | $13.2M |
Source: XBRL data in PURE CYCLE CORP (PCYO)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate PCYO share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 20 | $46.3M |
| Q1 2026 | 19 | $42.4M |
| Q4 2025 | 19 | $47.2M |
| Q3 2025 | 18 | $46.3M |
| Q2 2025 | 21 | $45.9M |
| Q1 2025 | 15 | $30.0M |
| Q4 2024 | 13 | $31.5M |
| Q3 2024 | 10 | $13.9M |
- AQR Capital Management+34.4K (+88%)
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- State Street Corp−704 (-0%)
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Source: 13F-HR filings on SEC EDGAR (aggregated from 135 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
PCYO filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-Q quarterly reports
8-K current reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Sep 23, 2026 | - | - | - |
| 4 | Sep 18, 2026 | - | - | - |
| 4 | Sep 17, 2026 | - | - | - |
| 4 | Sep 17, 2026 | - | - | - |
| 8-K | Aug 25, 2026 | - | Analysis | - |
| 8-K | Jul 9, 2026 | - | Analysis | - |
| 10-Q | Jul 8, 2026 | May 31, 2026 | Analysis | |
| 8-K | May 26, 2026 | - | Analysis | |
| 8-K | Apr 9, 2026 | - | Analysis | - |
| 10-Q | Apr 8, 2026 | Feb 28, 2026 | Analysis | |
| 8-K | Jan 16, 2026 | - | - | |
| 4 | Jan 16, 2026 | - | - | |
| 4 | Jan 15, 2026 | - | - | |
| 4 | Jan 15, 2026 | - | - | |
| 4 | Jan 15, 2026 | - | - | |
| 4 | Jan 15, 2026 | - | - | |
| 4 | Jan 15, 2026 | - | - | |
| 4 | Jan 15, 2026 | - | - | |
| 4 | Jan 12, 2026 | - | - | |
| 8-K | Jan 8, 2026 | - | - | |
| 10-Q | Jan 7, 2026 | Nov 30, 2025 | Analysis | |
| 4 | Nov 24, 2025 | - | - | |
| SC 13D | Nov 19, 2025 | - | - | |
| 10-K | Nov 12, 2025 | Aug 31, 2025 | - | |
| 10-Q | Jul 9, 2025 | May 31, 2025 | - |
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PCYO SEC filings: frequently asked questions
Which institutions hold PCYO stock?
As of June 30, 2026, the largest PURE CYCLE CORP (PCYO) holders among the 13F filers tracked by SignalX were BlackRock ($15.0 million), Vanguard Capital Management LLC ($9.9 million), Dimensional Fund Advisors ($5.0 million), State Street Corp ($4.8 million), Morgan Stanley ($2.6 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was PCYO's revenue in fiscal year 2025?
For the fiscal year ended August 31, 2025 (FY2025), PURE CYCLE CORP (PCYO) reported revenue of $26.1 million (down 9.3% from FY2024) and net income of $13.1 million. Diluted EPS was $0.54. The figures come from the XBRL data in the 10-K.
What did PCYO report in its latest 8-K?
PURE CYCLE CORP (PCYO) filed an 8-K on August 25, 2026 reporting Item 7.01 (Regulation FD Disclosure) and Item 5.02 (Departure/Appointment of Directors or Principal Officers). Boilerplate Regulation FD disclosure language accompanying an earnings-related press release.
What are the latest PCYO SEC filings?
PURE CYCLE CORP (PCYO) filed its latest 10-K annual report on November 12, 2025, a 10-Q quarterly report on July 8, 2026, an 8-K current report on August 25, 2026 and a Form 4 insider filing on September 23, 2026.
What is PCYO's SEC CIK number?
PURE CYCLE CORP (PCYO)'s SEC Central Index Key (CIK) is 276720. EDGAR lists every PCYO filing under that number.
Ask anything about PCYO
The research agent reads PCYO's filings, financials, insider trades and 13F holders, then answers with sources.