PCYO
Pure Cycle Corporation
NasdaqCMUSDEQUITY
Utilities
DELAYED
Neutral
-3/100
Last price
10.99
▲ 0.13 (1.20%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
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Open
—
Prev close
10.86
Day high
10.99
Day low
10.86
Volume
404
Market cap
$264.83M
P/E (TTM)
18.02
52W range
9.71 – 12.44
Trailing performance
Returnvs SPY
1W
0.00%
-1.9%
1M
-1.79%
-2.9%
3M
+3.29%
-1.2%
6M
-0.45%
-18.6%
YTD
0.00%
-14.2%
1Y
-1.08%
-17.5%
3Y
+14.48%
-67.8%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on PCYO open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
1.18M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Sep 22, 26 | HARDING MARK W Chief Executive Officer |
CONVERSION | 50.00K | $280.50K | Direct |
| Sep 16, 26 | HAECKER KELLY J Director |
STOCK | 1.12K | $0 | Direct |
| Jan 14, 26 | BEIRNE PATRICK J Director |
STOCK | 2.65K | $0 | Direct |
| Jan 14, 26 | SHEETS JEFFREY G Director |
STOCK | 2.65K | $0 | Direct |
| Jan 14, 26 | FENDEL FREDERICK A. III Director |
STOCK | 2.65K | $0 | Direct |
| Jan 14, 26 | KOZLOWSKI DANIEL R Director |
STOCK | 2.65K | $0 | Direct |
| Jan 14, 26 | ABEL WANDA J Director |
STOCK | 2.65K | $0 | Direct |
| Jan 14, 26 | ROLLER DANIEL J Director and Beneficial Owner of more than 10% of a Class of Security |
STOCK | 2.65K | $0 | Direct |
| Jan 14, 26 | HEITMANN SUSAN DIANE Director |
STOCK | 2.65K | $0 | Direct |
| Jan 12, 26 | HARDING MARK W Chief Executive Officer |
STOCK | 210.00K | $0 | Indirect |
| Nov 17, 25 | BEIRNE PATRICK J Director |
CONVERSION | 10.00K | $40.50K | Direct |
| Nov 17, 25 | KOZLOWSKI DANIEL R Director and Beneficial Owner of more than 10% of a Class of Security |
SELL | 68.78K | $757.11K | Indirect |
| Sep 17, 25 | HARDING MARK W Chief Executive Officer |
STOCK | 10.00K | $0 | Direct |
| Jan 15, 25 | BEIRNE PATRICK J Director |
STOCK | 2.57K | $30.00K | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
ABEL WANDA J |
Director | 13.26K | Stock Award(Grant) |
BEIRNE PATRICK J |
Director | 27.26K | Stock Award(Grant) |
FENDEL FREDERICK A. III |
Director | 15.26K | Stock Award(Grant) |
HAECKER KELLY J |
Director | 1.12K | Stock Award(Grant) |
HARDING MARK W |
Chief Executive Officer | 164.82K | Conversion of Exercise of derivative security |
HEITMANN SUSAN DIANE |
Director | 6.83K | Stock Award(Grant) |
KOZLOWSKI DANIEL R |
Director | 351.21K | Stock Award(Grant) |
ROLLER DANIEL J |
Director and Beneficial Owner of more than 10% of a Class of Security | 3.55M | Stock Award(Grant) |
SHEETS JEFFREY G |
Director | 17.26K | Stock Award(Grant) |
Fundamentals
Market cap$264.83M
Enterprise value$270.52M
Revenue (TTM)$33.73M
Gross profit$20.90M
EBITDA$15.07M
Net income$14.73M
EPS (TTM)$0.61
Free cash flow$-2.42M
Total cash$8.44M
Total debt$14.13M
Book value / share$6.29
Shares outstanding24.10M
Float18.71M
Short % of float2.51%
Dividend yield0.00%
Beta (5Y)1.21
Valuation & profitability ratios
Trailing P/E18.02
Forward P/E122.11
PEG ratio—
Price / sales—
Price / book1.75
EV / revenue8.02
EV / EBITDA17.95
Gross margin61.97%
Operating margin25.71%
Profit margin43.66%
Return on equity10.22%
Return on assets4.85%
Debt / equity9.32
Current ratio1.53
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $26.09M | $28.75M | $14.59M | $23.00M | -9.3% |
| Operating revenue | $26.09M | $28.75M | $14.59M | $23.00M | -9.3% |
| Cost of revenue | $10.06M | $8.99M | $6.55M | $6.63M | +11.9% |
| Gross profit | $16.03M | $19.76M | $8.04M | $16.37M | -18.9% |
| Selling, general & admin | $7.77M | $6.92M | $5.47M | $5.89M | +12.3% |
| Total operating expense | $8.36M | $7.52M | $5.97M | $6.28M | +11.2% |
| Operating income | $7.67M | $12.24M | $2.07M | $10.10M | -37.3% |
| Net interest income | $2.85M | $2.40M | $2.30M | $1.88M | +18.7% |
| Pre-tax income | $17.47M | $15.63M | $6.22M | $12.71M | +11.8% |
| Tax provision | $4.36M | $4.02M | $1.52M | $3.09M | +8.5% |
| Net income | $13.11M | $11.61M | $4.70M | $9.62M | +12.9% |
| Net income to common | $13.11M | $11.61M | $4.70M | $9.62M | +12.9% |
| Basic EPS | 0.54 | 0.48 | 0.20 | 0.40 | +12.5% |
| Diluted EPS | 0.54 | 0.48 | 0.19 | 0.40 | +12.5% |
| EBIT | $17.90M | $16.07M | $6.43M | $12.79M | +11.4% |
| EBITDA | $20.19M | $18.17M | $8.58M | $14.92M | +11.1% |
| Basic shares | 24.08M | 24.08M | 24.03M | 23.95M | -0.0% |
| Diluted shares | 24.17M | 24.14M | 24.11M | 24.16M | +0.1% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $21.93M | $22.11M | $26.01M | $34.89M | -0.8% |
| Cash & short-term investments | $21.93M | $22.11M | $26.01M | $34.89M | -0.8% |
| Accounts receivable | $1.33M | $1.47M | $1.09M | $2.42M | -9.6% |
| Inventory | $7.39M | $3.65M | $1.73M | — | +102.6% |
| Total current assets | $31.65M | $37.86M | $29.73M | $37.79M | -16.4% |
| Property, plant & equipment | $71.69M | $66.98M | $68.26M | $66.90M | +7.0% |
| Goodwill & intangibles | — | $451.00K | $451.00K | $451.00K | — |
| Total assets | $162.28M | $147.35M | $133.22M | $129.23M | +10.1% |
| Total current liabilities | $11.62M | $9.35M | $6.50M | $10.82M | +24.3% |
| Current debt | $411.00K | $64.00K | $31.00K | $10.00K | +542.2% |
| Long-term debt | $6.38M | $6.82M | $6.88M | $3.95M | -6.5% |
| Total debt | $6.80M | $7.04M | $7.28M | $4.10M | -3.4% |
| Total liabilities | $19.54M | $17.65M | $14.98M | $16.23M | +10.7% |
| Retained earnings | -$32.79M | -$45.50M | -$56.53M | -$61.23M | +27.9% |
| Shareholder equity | $142.74M | $129.70M | $118.23M | $113.00M | +10.1% |
| Working capital | $20.03M | $28.51M | $23.22M | $26.96M | -29.7% |
| Net tangible assets | $142.74M | $129.70M | $117.78M | $112.55M | +10.1% |
| Shares issued | 24.07M | 24.06M | 24.08M | 23.98M | +0.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $13.11M | $11.61M | $4.70M | $9.62M | +12.9% |
| Stock-based compensation | $323.00K | $436.00K | $539.00K | $603.00K | -25.9% |
| Change in working capital | $1.48M | $3.12M | -$4.08M | $2.60M | -52.5% |
| Operating cash flow | $13.16M | $2.31M | -$2.34M | $17.45M | +469.4% |
| Capital expenditure | -$9.47M | -$2.38M | -$7.81M | -$5.82M | -297.7% |
| Investing cash flow | -$9.65M | -$4.83M | -$9.24M | -$6.67M | -99.9% |
| Share buybacks | -$397.00K | -$581.00K | $0 | — | +31.7% |
| Financing cash flow | -$491.00K | -$612.00K | $2.85M | $3.99M | +19.8% |
| Free cash flow | $3.69M | -$70.00K | -$10.15M | $11.63M | +5,372.9% |
| End cash position | $28.38M | $25.36M | $28.49M | $37.22M | +11.9% |
| Line item | 2026-05-31 | 2026-02-28 | 2025-11-30 | 2025-08-31 | 2025-05-31 | 2025-02-28 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $8.22M | $5.17M | $9.13M | $11.20M | $5.14M | — | +59.1% |
| Operating revenue | $8.20M | $5.17M | $9.13M | $11.20M | $5.11M | — | +58.6% |
| Cost of revenue | $3.94M | $2.38M | $2.88M | $3.62M | $1.88M | — | +65.1% |
| Gross profit | $4.29M | $2.78M | $6.25M | $7.58M | $3.26M | — | +53.9% |
| Selling, general & admin | $1.94M | $2.35M | $1.71M | $1.48M | $1.80M | — | -17.4% |
| Total operating expense | $2.17M | $2.52M | $1.87M | $1.64M | $1.92M | — | -13.9% |
| Operating income | $2.11M | $263.00K | $4.38M | $5.94M | $1.33M | — | +703.8% |
| Net interest income | $786.00K | $764.00K | $855.00K | $1.27M | $526.00K | — | +2.9% |
| Pre-tax income | $3.90M | $1.51M | $6.03M | $8.19M | $2.99M | — | +158.1% |
| Tax provision | $955.00K | $407.00K | $1.47M | $2.08M | $737.00K | — | +134.6% |
| Net income | $2.95M | $1.10M | $4.57M | $6.11M | $2.26M | — | +166.8% |
| Net income to common | $2.95M | $1.10M | $4.57M | $6.11M | $2.26M | — | +166.8% |
| Basic EPS | 0.12 | 0.05 | 0.19 | — | 0.09 | 0.03 | +140.0% |
| Diluted EPS | 0.12 | 0.05 | 0.19 | — | 0.09 | 0.03 | +140.0% |
| EBIT | $4.06M | $1.65M | $6.12M | $8.30M | $3.09M | — | +145.5% |
| EBITDA | $4.68M | $2.21M | $6.69M | $8.92M | $3.63M | — | +112.0% |
| Basic shares | 24.10M | 24.10M | 24.08M | — | 24.08M | 24.08M | +0.0% |
| Diluted shares | 24.16M | 24.17M | 24.16M | — | 24.14M | 24.20M | -0.0% |
| Line item | 2026-05-31 | 2026-02-28 | 2025-11-30 | 2025-08-31 | 2025-05-31 | 2025-02-28 | YoY |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $8.44M | $4.82M | $17.14M | $21.93M | $14.39M | — | +75.3% |
| Cash & short-term investments | $8.44M | $4.82M | $17.14M | $21.93M | $14.39M | — | +75.3% |
| Accounts receivable | $2.49M | $2.75M | $2.50M | $1.33M | $1.33M | — | -9.8% |
| Inventory | $4.13M | $5.55M | $6.21M | $7.39M | $8.07M | — | -25.5% |
| Total current assets | $15.61M | $13.75M | $26.26M | $31.65M | $25.20M | — | +13.5% |
| Property, plant & equipment | $77.99M | $76.25M | $73.19M | $71.69M | $72.08M | — | +2.3% |
| Goodwill & intangibles | — | — | — | — | $0 | $0 | — |
| Total assets | $175.98M | $166.64M | $168.07M | $162.28M | $151.74M | — | +5.6% |
| Total current liabilities | $10.18M | $9.92M | $11.49M | $11.62M | $7.15M | — | +2.7% |
| Current debt | $1.45M | $1.49M | $440.00K | $411.00K | $346.00K | — | -2.3% |
| Long-term debt | $12.67M | $6.48M | $7.55M | $6.38M | $6.51M | — | +95.6% |
| Total debt | $14.13M | $7.97M | $8.00M | $6.80M | $6.87M | — | +77.2% |
| Total liabilities | $24.39M | $17.94M | $20.58M | $19.54M | $15.06M | — | +36.0% |
| Retained earnings | -$24.37M | -$27.24M | -$28.23M | -$32.79M | -$38.82M | — | +10.5% |
| Shareholder equity | $151.58M | $148.70M | $147.49M | $142.74M | $136.68M | — | +1.9% |
| Working capital | $5.43M | $3.83M | $14.78M | $20.03M | $18.05M | — | +41.5% |
| Net tangible assets | $151.58M | $148.70M | $147.49M | $142.74M | $136.68M | — | +1.9% |
| Shares issued | 24.10M | 24.10M | 24.09M | 24.07M | 24.07M | — | -0.0% |
| Line item | 2026-05-31 | 2026-02-28 | 2025-11-30 | 2025-08-31 | 2025-05-31 | YoY |
|---|---|---|---|---|---|---|
| Net income | $2.95M | $1.10M | $4.57M | $6.11M | $2.26M | +166.8% |
| Stock-based compensation | $17.00K | $228.00K | $183.00K | $29.00K | $29.00K | -92.5% |
| Change in working capital | -$9.46M | $2.96M | -$6.29M | -$4.69M | $760.00K | -420.2% |
| Operating cash flow | $3.47M | -$4.21M | -$979.00K | $9.37M | -$428.00K | +182.4% |
| Capital expenditure | -$1.44M | -$3.17M | -$1.73M | -$2.31M | -$1.09M | +54.6% |
| Investing cash flow | -$6.51M | -$7.92M | -$4.73M | -$1.30M | -$1.22M | +17.7% |
| Share buybacks | -$79.00K | -$121.00K | $0 | -$74.00K | -$22.00K | +34.7% |
| Financing cash flow | $6.08M | -$149.00K | $1.20M | -$141.00K | -$32.00K | +4,179.2% |
| Free cash flow | $2.03M | -$7.38M | -$2.71M | $7.05M | -$1.52M | +127.5% |
| End cash position | $14.63M | $11.60M | $23.87M | $28.38M | $20.46M | +26.2% |
Options analytics
Put / call volume
—
—
Put / call open interest
8.50
Positioning, not flow
Max pain
10.00
-9.0% from spot
ATM implied vol
0.0%
Nearest strike to spot
Skew (10% OTM)
+12.5%
Puts bid over calls
Call volume
0
Contracts, this expiry
Put volume
10
Contracts, this expiry
Heaviest call OI
10.00
2 contracts
Heaviest put OI
10.00
17 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | — | — | $0 | — |
| Next quarter | — | — | $0 | — |
| Current year | — | — | $0 | — |
| Next year | — | — | $0 | — |
Analyst targets & ownership
Mean target—
High target—
Low target—
Implied upside—
Analyst count—
ConsensusNONE
Strong buy / Buy— / —
Hold—
Sell / Strong sell— / —
Held by insiders4.88%
Held by institutions74.74%
Institutions holding163
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
10.93
+0.51% from price
SMA 20
11.02
-0.28% from price
SMA 50
11.09
-0.90% from price
SMA 100
10.86
+1.17% from price
SMA 200
10.94
+0.50% from price
EMA 12
10.97
+0.18% from price
EMA 26
11.03
-0.36% from price
EMA 50
11.03
-0.37% from price
RSI (14)
48.1
Neutral
MACD (12,26,9)
-0.06
Hist -0.01
ATR (14)
0.17
1.55% of price
Realised vol 30D
14.8%
Annualised
Bollinger upper
11.23
20, 2σ
Bollinger lower
10.81
20, 2σ
50 / 200 cross
Golden
11.09 vs 10.94
Trend bias
Above 200
+0.50%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.41
Less volatile than market
Correlation to SPY
0.19
Largely independent
Realised vol 30D
14.8%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-17.5%
Peak to trough
Max drawdown 5Y
-51.5%
Peak to trough
ATR 14
0.17
1.55% of price
Beta (reported)
1.21
5Y monthly, from filing
Short interest
Shares short
486.73K
Prior 458.13K
Change vs prior
+6.2%
Shorts adding
% of float
2.51%
Normal
% of shares out
2.02%
Against total outstanding
Days to cover
5.9
Crowded exit
Float
18.71M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| May 6, 13 | Feltl & Co. | INITIATED | — | Strong Buy |
Dividends & splits
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay date—
Last split1:10
Split dateApr 26, 2004
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-08-25
Proxy Statements
DEFA14A · 2026-08-10
Corporate Changes & Voting Matters
8-K · 2026-07-09
Periodic Financial Reports
10-Q · 2026-07-08
Corporate Changes & Voting Matters
8-K · 2026-05-26
Corporate Changes & Voting Matters
8-K · 2026-04-09
Periodic Financial Reports
10-Q · 2026-04-08
Corporate Changes & Voting Matters
8-K · 2026-01-16
Headlines
Pure Cycle Corporation to Participate in the Lytham Partners Fall 2026 Investor Conference
GlobeNewswire · 20d ago
Pure Cycle Corporation to Participate in Nasdaq / LD Micro Summit Series
GlobeNewswire · 36d ago
Pure Cycle Corporation Appoints Two Industry Leaders, Chris Fink and Kelly Haecker, to its Board of Directors
GlobeNewswire · 43d ago
Pure Cycle Corporation Announces Receipt of Notice to Nominate Director Candidates
GlobeNewswire · 61d ago
From Oman to Utah: When It RAINs, It Pours for Investors
IPO-Edge.com · 61d ago
Weather Tech Meets Water Scarcity: Fireside with Rain Enhancement Technologies CEO Randy Seidl
IPO-Edge.com · 64d ago
Pure Cycle Spotlights Sky Ranch Cash Flows, Lowry Upside at Investor Day
MarketBeat · 83d ago
Pure Cycle Corp (PCYO) Q3 2026 Earnings Call Highlights: Strong Revenue Growth and Strategic ...
GuruFocus.com · 89d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.