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Pure Cycle Corporation

PCYO Utilities Water Supply
$10.77
▲ +1.3% Today
as of Oct 23, 09:21 ET
Last 30 days -2.53% Sep 14 → Oct 22
$10.50 $10.70 $10.91 $11.11 $11.31 Sep 14 Sep 22 Sep 29 Oct 07 Oct 14 Oct 22
Open
$10.65
High
$10.78
Low
$10.59
Volume
$86,469
Avg Vol
$62,487
Mkt Cap
$262M
P/E (TTM)
30.61
Beta
—
52w High
$12.44
52w Low
$9.71
Div Yield
—
Shares Out
$24M

Recent Press Releases & News last 60 days · 3 items

PCYO earnings at a glance

The options market is pricing a move of about ±28.0% after the report, a range of roughly $7.75 to $13.79 from today's $10.77. Over its last 1 reports the stock rose the next day 0 times and fell 1, moving ±1.0% on average; after the most recent report on Jul 9, 2025 it moved -1.0%. That means options currently expect more movement than PCYO has typically delivered. Implied volatility is currently 173%. The share price of $10.77 sits in the middle of its 52-week range.

More Utilities stocks · All stocks · Earnings calendar

Overview

52-week range
$9.71
$12
39% of range
Avg surprise (last 0)
—
Avg reaction (last 1)
-1.0%
0% positive
Latest IV / EM
173%
EM ±28.0% · $13 · Oct 16

Earnings trends

EPS — actual vs estimate Actual Estimate
$0.03$0.08$0.14$0.20$0.25 Actual $0.14Actual $0.14Actual $0.09Actual $0.12Actual $0.16Actual $0.03Actual $0.09Actual $0.09Actual $0.25Actual $0.05Actual $0.12 MayMay/2023NovFebMayNovFebMayMay/2025Aug/2025FebMay
Revenue vs Net Income Revenue Net income
$0$2M$5M$7M$10M Nov 24Feb 25May 25Nov 25Feb 26May 26

Earnings history

DatePeriodActual EPSEstSurpriseYoY %ΔDay reactSource
Sun May 31, 2026May 2026 $0.12 — — — — financials
Sat Feb 28, 2026Feb 2026 $0.05 — — — — financials
Wed Nov 12, 2025Aug/2025 $0.25 — — — — earnings
Wed Jul 9, 2025May/2025 $0.09 — — — -1.0% earnings
Sat May 31, 2025May 2025 $0.09 — — — — financials
Fri Feb 28, 2025Feb 2025 $0.03 — — — — financials
Sat Nov 30, 2024Nov 2024 $0.16 — — — — financials
Fri May 31, 2024May 2024 $0.12 — — — — financials
Thu Feb 29, 2024Feb 2024 — — — — — financials
Thu Nov 30, 2023Nov 2023 $0.09 — — — — financials
Wed Jul 12, 2023May/2023 $0.14 — — — — earnings
Wed May 31, 2023May 2023 $0.14 — — — — financials
Tue Feb 28, 2023Feb 2023 $0.01 — — — — financials

Financials

Income statement (quarterly)

MetricMay 2026Feb 2026Nov 2025Aug 2025May 2025Feb 2025Nov 2024Aug 2024
Revenue$8M$5M$9M—$5M$4M$6M—
Cost of revenue$4M$2M$3M—$2M$2M$2M—
Gross profit$4M$3M$6M—$3M$2M$4M—
Operating income$2M$263,000$4M—$1M$-1M$2M—
Net income$3M$1M$5M—$2M$809,000$4M—
EPS (diluted)$0.12$0.05$0.19—$0.09$0.03$0.16—

Balance sheet (quarterly)

MetricMay 2026Feb 2026Nov 2025Aug 2025May 2025Feb 2025Nov 2024Aug 2024
Cash & equivalents$8M$5M$17M$22M$14M$16M$19M$22M
Inventory————————
Total current assets$16M$14M$26M$32M$25M$27M$28M$38M
Total assets$176M$167M$168M$162M$152M$150M$150M$147M
Long-term debt$13M$6M$8M—$7M$7M$7M—
Total liabilities$24M$18M$21M$20M$15M$15M$16M$18M
Total equity$152M$149M$147M$143M$137M$134M$134M$130M

Implied volatility — last 90 days

9%192%375%558%740% Jun 07 — IV 124% · EM ±17.2%Jun 08 — IV 127% · EM ±16.8%Jun 09 — IV 132% · EM ±16.5%Jun 10 — IV 137% · EM ±16.1%Jun 11 — IV 141% · EM ±15.6%Jun 12 — IV 150% · EM ±15.3%Jun 17 — IV 741% · EM ±30.9%Jun 19 — IV 161% · EM ±35.7%Jun 22 — IV 170% · EM ±35.5%Jun 30 — IV 192% · EM ±33.1%Jul 01 — IV 198% · EM ±33.1%Jul 08 — IV 73% · EM ±9.2%Jul 09 — IV 80% · EM ±9.5%Jul 20 — IV 14% · EM ±3.3%Jul 21 — IV 14% · EM ±3.3%Jul 27 — IV 131% · EM ±27.4%Jul 28 — IV 134% · EM ±27.4%Jul 31 — IV 10% · EM ±1.9%Aug 03 — IV 11% · EM ±1.9%Aug 20 — IV 492% · EM ±20.5%Sep 02 — IV 172% · EM ±28.7%Sep 03 — IV 177% · EM ±28.7%Sep 08 — IV 161% · EM ±21.2%Sep 09 — IV 170% · EM ±21.2%Sep 23 — IV 143% · EM ±28.6%Sep 24 — IV 146% · EM ±28.6%Sep 25 — IV 142% · EM ±27.1%Sep 28 — IV 127% · EM ±22.4%Sep 29 — IV 130% · EM ±22.4%Sep 30 — IV 165% · EM ±27.6%Oct 01 — IV 173% · EM ±28.0%

Sector peers

PCYO earnings FAQ

What is PCYO's expected move for earnings?

Options currently price a move of about ±28.0%, or $3.02 per share either way from $10.77.

How does PCYO stock usually react to earnings?

Across the last 1 reports the average next-day move was ±1.0%, up 0 times and down 1 times.

What is PCYO's implied volatility?

PCYO's at-the-money implied volatility is about 173% based on the latest options snapshot.

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