Short answer
PURE CYCLE CORP (PCYO) filed its Q1 2026 10-Q quarterly report on Apr 8, 2026 for the quarter ended Feb 28, 2026. Quarterly revenue was $5M (up 29.4% year over year) with net income of $1M.
Q1 2026 key financials · XBRL
- Revenue
- $5M
- +29.4% YoY · −43.4% QoQ
- Net income
- $1M
- +36.6% YoY · −75.8% QoQ
- Operating margin
- 5.1%
- Gross margin
- 53.9%
- EPS (diluted)
- $0.04
- +0.0% YoY · −78.9% QoQ
Source: XBRL data from the PURE CYCLE CORP (PCYO) Q1 2026 10-Q on SEC EDGAR. USD.
PURE CYCLE CORP Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Quarterly revenue $5.169M, up 29% YoY from $3.995M
- Operating income $263K vs $(1.327)M; operating margin 5.1% vs (33.2)% YoY
- Best performer land development lot sales $1.634M, up 44% YoY
- Worst performer water and wastewater tap fees $1.626M, down 24% YoY
- Net income $1.105M vs $809K; housing demand expected moderate to lower through 2026 amid persistent inflation and uncertainty
Risk Factors
- No material changes to risk factors from the 2025 Annual Report
- Equity repurchases: 11,100 shares bought during the quarter at $10.81 average
- Repurchase authorization remaining: 93,474 shares
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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