Pure Cycle Corporation Q2 2026 Financial Results

Pure Cycle Corporation announced its financial results for the three and six months ended February 28, 2026. The company reported net income of $1.1 million for the three-month period and $5.7 million for the six-month period, marking the twenty-seventh consecutive quarter with positive net income. Earnings per fully diluted common share were $0.05 and $0.23 for the respective periods. Revenue increased by 29% for the three months and 47% for the six months, compared to the same periods in 2025. This growth was driven by accelerated lot development at Sky Ranch due to favorable weather conditions, leading to earlier revenue recognition. The company also reported EBITDA of $2.2 million and $8.9 million for the three and six months, respectively. Cash and cash equivalents totaled $4.8 million as of February 28, 2026. Pure Cycle continues to focus on growth and shareholder returns, prioritizing investments in development projects, share repurchases, and strategic acquisitions. The company also noted investments in new water and wastewater infrastructure and water rights, as well as ongoing construction in its single-family rental business.