Pure Cycle (PCYO) Revenue & Revenue Breakdown

OverviewOwnership Financials Chart Transcripts

Pure Cycle Revenue Highlights

Latest Revenue (Y)

$28.75M

Latest Revenue (Q)

$5.14M

Main Segment (Y)

Construction

Main Geography (Y)

Land Development Segment

Pure Cycle Revenue by Period

Pure Cycle Revenue by Year

Date	Revenue	Change
2024-08-31	$28.75M	97.09%
2023-08-31	$14.59M	-36.59%
2022-08-31	$23.00M	34.32%
2021-08-31	$17.13M	-33.77%
2020-08-31	$25.86M	26.98%
2019-08-31	$20.36M	192.58%
2018-08-31	$6.96M	466.81%
2017-08-31	$1.23M	171.54%
2016-08-31	$452.16K	-80.54%
2015-08-31	$2.32M	-24.83%
2014-08-31	$3.09M	66.42%
2013-08-31	$1.86M	553.15%
2012-08-31	$284.38K	0.80%
2011-08-31	$282.13K	6.83%
2010-08-31	$264.11K	1.50%
2009-08-31	$260.21K	-7.87%
2008-08-31	$282.43K	6.31%
2007-08-31	$265.68K	-2.21%
2006-08-31	$271.67K	15.77%
2005-08-31	$234.65K	14.49%
2004-08-31	$204.96K	-9.08%
2003-08-31	$225.43K	10.04%
2002-08-31	$204.86K	-76.43%
2001-08-31	$869.25K	-5.17%
2000-08-31	$916.60K	83.94%
1999-08-31	$498.32K	1864.51%
1998-08-31	$25.37K	-73.72%
1997-08-31	$96.53K	100.00%
1996-08-31	-	100.00%
1995-08-31	-	-

Pure Cycle generated $28.75M in revenue during NA 2024, up 97.09% compared to the previous quarter, and up 141.18% compared to the same period a year ago.

Pure Cycle Revenue by Quarter

Date	Revenue	Change
2025-05-31	$5.14M	28.66%
2025-02-28	$4.00M	-30.55%
2024-11-30	$5.75M	-54.20%
2024-08-31	$12.56M	65.18%
2024-05-31	$7.60M	137.85%
2024-02-29	$3.20M	-40.64%
2023-11-30	$5.39M	59.49%
2023-08-31	$3.38M	-50.91%
2023-05-31	$6.88M	129.38%
2023-02-28	$3.00M	123.81%
2022-11-30	$1.34M	-87.68%
2022-08-31	$10.88M	241.39%
2022-05-31	$3.19M	-31.67%
2022-02-28	$4.66M	9.15%
2021-11-30	$4.27M	-11.93%
2021-08-31	$4.85M	82.00%
2021-05-31	$2.67M	-43.74%
2021-02-28	$4.74M	-2.65%
2020-11-30	$4.87M	-51.44%
2020-08-31	$10.03M	441.88%
2020-05-31	$1.85M	-47.42%
2020-02-29	$3.52M	-66.36%
2019-11-30	$10.46M	10.42%
2019-08-31	$9.47M	82.73%
2019-05-31	$5.18M	97.10%
2019-02-28	$2.63M	-14.39%
2018-11-30	$3.07M	-21.06%
2018-08-31	$3.89M	221.11%
2018-05-31	$1.21M	43.50%
2018-02-28	$844.66K	-16.38%
2017-11-30	$1.01M	53.61%
2017-08-31	$657.60K	390.72%
2017-05-31	$134.01K	-43.48%
2017-02-28	$237.08K	19.08%
2016-11-30	$199.10K	33.66%
2016-08-31	$148.96K	47.70%
2016-05-31	$100.85K	31.93%
2016-02-29	$76.44K	-77.39%
2015-11-30	$338.16K	-23.58%
2015-08-31	$442.49K	13.18%
2015-05-31	$390.94K	-40.45%
2015-02-28	$656.52K	-21.26%
2014-11-30	$833.78K	-24.08%
2014-08-31	$1.10M	61.85%
2014-05-31	$678.55K	-7.79%
2014-02-28	$735.87K	27.20%
2013-11-30	$578.50K	1.30%
2013-08-31	$571.10K	38.13%
2013-05-31	$413.44K	-4.85%
2013-02-28	$434.50K	-0.89%
2012-11-30	$438.42K	301.17%
2012-08-31	$109.29K	89.84%
2012-05-31	$57.57K	15.20%
2012-02-29	$49.97K	-26.03%
2011-11-30	$67.56K	-27.79%
2011-08-31	$93.56K	47.01%
2011-05-31	$63.64K	11.73%
2011-02-28	$56.95K	-16.23%
2010-11-30	$67.99K	-28.70%
2010-08-31	$95.36K	64.51%
2010-05-31	$57.96K	13.18%
2010-02-28	$51.21K	-14.03%
2009-11-30	$59.57K	-25.32%
2009-08-31	$79.77K	27.60%
2009-05-31	$62.52K	15.59%
2009-02-28	$54.08K	-15.29%
2008-11-30	$63.84K	-27.75%
2008-08-31	$88.36K	30.78%
2008-05-31	$67.56K	18.97%
2008-02-29	$56.79K	-

Pure Cycle generated $5.14M in revenue during Q3 2025, up 28.66% compared to the previous quarter, and up 160.78% compared to the same period a year ago.

Pure Cycle Revenue Breakdown

Pure Cycle Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Aug 25	Aug 24	Aug 22	Aug 21	Aug 20
Water and Wastewater Tap Fees	$7.34M	$3.38M	$4.92M	-	-
Special Facility Projects and Other	$785.00K	$951.00K	$334.00K	-	-
Water And Wastewater	$10.33M	-	-	-	-
Lot Sales	$13.69M	$16.00M	$12.19M	-	-
Construction	$15.26M	-	-	-	-
Single Family Rentals	$496.00K	-	-	-	-
Wastewater Treatment Fees	-	$343.00K	$248.00K	-	-
Metered Water Usage - Municipal Customers	-	$788.00K	$440.00K	-	-
Special Facility Funding Recognized	-	-	$200.00K	-	-
Forfeited Water - Oil and Gas Operations	-	-	$1.20M	-	-
Phase1 Development	-	-	-	$26.00M	-
Phase2 Development	-	-	-	$2.20M	-
Lot Sales Second Format	-	-	-	-	$24.10M

Pure Cycle's latest annual revenue breakdown by segment (product or service), as of Aug 25: Construction (31.85%), Lot Sales (28.58%), Water And Wastewater (21.57%), Water and Wastewater Tap Fees (15.32%), Special Facility Projects and Other (1.64%), and Single Family Rentals (1.04%).

Quarterly Revenue by Product

Product/Service	Aug 25	May 25	Feb 25	Nov 24	Aug 24	May 24	Feb 24	May 23	Feb 23	Nov 22	Aug 22	May 22	Feb 22	Nov 21	May 21	Feb 21	Nov 20	May 20	Feb 20	Nov 19
Water and Wastewater Tap Fees	$2.04M	$1.70M	$2.13M	$1.47M	$581.00K	$581.00K	$1.26M	$994.00K	$150.00K	$2.48M	$1.27M	$1.58M	-	-	-	-	-	-	-	-
Special Facility Projects and Other	$166.00K	$246.00K	$116.00K	$257.00K	$222.00K	$137.00K	$22.00K	$231.00K	$68.00K	$35.00K	$29.00K	$385.00K	-	-	-	-	-	-	-	-
Lot Sales	$7.71M	$2.53M	$1.14M	$2.32M	$4.79M	$1.22M	$3.16M	$1.39M	$513.00K	$6.54M	$1.07M	$1.63M	$2.94M	$445.00K	$515.00K	$696.17K	$2.27M	$8.54M	-	-
Metered Water Usage - Municipal Customers	-	$148.00K	$129.00K	$230.00K	$145.00K	$111.00K	$145.00K	$83.00K	$121.00K	$-58.00K	$94.00K	$74.00K	-	-	-	-	-	-	-	-
Wastewater Treatment Fees	-	$102.00K	$93.00K	$89.00K	$85.00K	$87.00K	$75.00K	$78.00K	$63.00K	$63.00K	$66.00K	$64.00K	$51.00K	$51.00K	-	-	-	-	-	-
Water and Wastewater Resource Development Segment	-	-	-	-	$13.00K	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Land Development Segment	-	-	-	-	$8.87M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Finished Lot	-	-	-	-	-	-	-	-	$1.40M	$500.00K	$2.90M	-	-	-	-	-	-	-	-	-
Special Facility Projects And Other	-	-	-	-	-	-	-	-	-	-	-	-	$222.00K	$81.00K	-	-	-	-	-	-
Water And Wastewater Tap Fees	-	-	-	-	-	-	-	-	-	-	-	-	$913.00K	$261.00K	$1.86M	-	-	-	-	-
Metered Water Usage Commercial Customers	-	-	-	-	-	-	-	-	-	-	-	-	$1.53M	-	-	-	-	-	-	-
Metered Water Usage Municipal Customers	-	-	-	-	-	-	-	-	-	-	-	-	$83.00K	$188.00K	-	-	-	-	-	-
Project Management Fees	-	-	-	-	-	-	-	-	-	-	-	-	$200.00K	$248.00K	-	-	-	-	-	-
Ready To Build Finished Lot	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Forfeited Water Oil And Gas Operations	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$400.00K	-	-	-	-	-
Metered Water Usage Oil And Gas Operations	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$22.00K	-	-	-	-	-
Forfeited Water - Oil and Gas Operations	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$400.00K	-	-	-	-
Metered Water Usage - Oil and Gas Operations	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$583.00K	-	-	-	-
Water and Wastewater Utility Services	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$661.00K	-	-	-
Land Development Activities	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$1.72M	-	-	-
Consulting Fees	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$13.80K	$4.20K	$12.70K
Lot Sales First Format	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$1.41M	$1.43M
Metered Water Usage	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$97.75K	$36.81K	$140.72K
Special Facility Funding Recognized	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Water Tap Fees Recognized excluding Wastewater Tap Fee	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$852.80K	$993.20K	$1.40M
Wastewater Tap Fee	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$152.10K	$179.60K	$270.20K
Lot Sales Second Format	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$696.20K	$859.60K	$7.11M
Water Tap Fee	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$1.67M

Pure Cycle's latest quarterly revenue breakdown by segment (product or service), as of Aug 25: Lot Sales (77.71%), Water and Wastewater Tap Fees (20.61%), and Special Facility Projects and Other (1.67%).

Pure Cycle Revenue Breakdown by Country

Annual Revenue by Country

Country	Aug 25	Aug 24
Land Development Segment	$15.26M	$16.81M
Single Family Rentals	$496.00K	$481.00K
Water and Wastewater Resource Development Segment	$10.33M	$11.56M

Pure Cycle's latest annual revenue breakdown by geography, as of Aug 25: Land Development Segment (58.49%), Water and Wastewater Resource Development Segment (39.61%), and Single Family Rentals (1.90%).

Quarterly Revenue by Country

Country	Aug 25	May 25	Feb 25
Single Family Rentals	$123.00K	$131.00K	$118.00K
Land Development Segment	$7.89M	$3.54M	$1.25M
Water and Wastewater Resource Development Segment	$2.31M	$2.35M	$2.63M

Pure Cycle's latest quarterly revenue breakdown by geography, as of Aug 25: Land Development Segment (76.45%), Water and Wastewater Resource Development Segment (22.36%), and Single Family Rentals (1.19%).

Pure Cycle Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
ARTNA	Artesian Resources	$107.95M	$30.49M
RGCO	RGC Resources	$95.33M	$17.26M
GWRS	Global Water Resources	$52.69M	$15.52M
PCYO	Pure Cycle	$28.75M	$5.14M
CDZI	Cadiz	$9.61M	$4.13M
MNTK	Montauk Renewables	$61.00K	$45.26M
YORW	York Water	-	-
NXXT	NextNRG	-	-

PCYO Revenue FAQ

What is Pure Cycle’s yearly revenue?

Pure Cycle's yearly revenue for 2024 was $28.75M, representing an increase of 97.09% compared to 2023. The company's yearly revenue for 2023 was $14.59M, representing a decrease of -36.59% compared to 2022. PCYO's yearly revenue for 2022 was $23M, representing an increase of 34.32% compared to 2021.

What is Pure Cycle’s quarterly revenue?

Pure Cycle's quarterly revenue for Q3 2025 was $5.14M, a 28.66% increase from the previous quarter (Q2 2025), and a -32.40% decrease year-over-year (Q3 2024). The company's quarterly revenue for Q2 2025 was $4M, a -30.55% decrease from the previous quarter (Q1 2025), and a 24.96% increase year-over-year (Q2 2024). PCYO's quarterly revenue for Q1 2025 was $5.75M, a -54.20% decrease from the previous quarter (Q4 2024), and a 6.80% increase year-over-year (Q1 2024).

What is Pure Cycle’s revenue growth rate?

Pure Cycle's revenue growth rate for the last 3 years (2022-2024) was 24.97%, and for the last 5 years (2020-2024) was 11.18%.

What are Pure Cycle’s revenue streams?

Pure Cycle's revenue streams in g 25 are Water and Wastewater Tap Fees, Special Facility Projects and Other, Water And Wastewater, Lot Sales, Construction, and Single Family Rentals. Water and Wastewater Tap Fees generated $7.34M in revenue, accounting 15.32% of the company's total revenue, up 116.81% year-over-year. Special Facility Projects and Other generated $785K in revenue, accounting 1.64% of the company's total revenue, down -17.46% year-over-year. Water And Wastewater generated $10.33M in revenue, accounting 21.57% of the company's total revenue Lot Sales generated $13.69M in revenue, accounting 28.58% of the company's total revenue, down -14.42% year-over-year. Construction generated $15.26M in revenue, accounting 31.85% of the company's total revenue Single Family Rentals generated $496K in revenue, accounting 1.04% of the company's total revenue

What is Pure Cycle’s main source of revenue?

For the fiscal year ending Aug 25, the largest source of revenue of Pure Cycle was Construction. This segment made a revenue of $15.26M, representing 31.85% of the company's total revenue.