Short answer
PURE CYCLE CORP (PCYO) filed its Q2 2026 10-Q quarterly report on Jul 8, 2026 for the quarter ended May 31, 2026. Quarterly revenue was $8M (up 60.0% year over year) with net income of $3M.
Q2 2026 key financials · XBRL
- Revenue
- $8M
- +60.0% YoY · +59.1% QoQ
- Net income
- $3M
- +30.7% YoY · +166.8% QoQ
- Operating margin
- 25.7%
- Gross margin
- 52.1%
- EPS (diluted)
- $0.13
- +44.4% YoY · +225.0% QoQ
Source: XBRL data from the PURE CYCLE CORP (PCYO) Q2 2026 10-Q on SEC EDGAR. USD.
PURE CYCLE CORP Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
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
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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