Pure Cycle Corp (NASDAQ:PCYO) stock fell 1.32% (As on July 10, 11:15:40 AM UTC-4, Source: Google Finance) after the company for the three months ended May 31, 2025 and 2024,has reported total revenue of $5.1 million and $7.6 million with $2.3 million and $2.5 million being generated in the water and wastewater resource development segment, $2.7 million and $5.0 million generated by the land development segment, and $0.1 million and $0.1 million reported in the single-family rental business. For the three months ended May 31, 2025 and 2024, the company sold 40 and 20 water or water and wastewater taps for $1.7 million and $0.6 million. As of May 31, 2025, the company have sold 904 water and wastewater taps at Sky Ranch in Phases 1, 2A, 2B and 2C. The Company is well positioned with a strong balance sheet and working capital of $18.1 million as of May 31, 2025, which includes $14.4 million of cash and cash equivalents.

Moreover, as of May 31, 2025, the first development phase (509 lots) is complete and the second development phase (1,032 lots) is being developed in five subphases, referred to as Phase 2A (229 lots), Phase 2B (211 lots), Phase 2C (228 lots), Phase 2D (218 lots) and Phase 2E (146 lots). As of May 31, 2025, Phase 2A is 100% complete, Phase 2B is approximately 96% complete, Phase 2C is approximately 68% complete, Phase 2D is approximately 29% complete and Phase 2E is expected to begin development work in fiscal 2026. Phase 2B is substantially completed with some landscaping and warranty items remaining. Phase 2C is expected to be substantially completed by the end of Pure Cycle’s fiscal 2025, Phase 2D is expected to be completed in fiscal 2026, and Phase 2E is expected to be completed by the end of calendar 2026.

Meanwhile, PureCycle Technologies has secured $300 million in funding to expand its plastic recycling capacity globally. The capital raise involves investors such as Duquesne Family Office LLC and Wasserstein Debt Opportunities, aiming to achieve one billion pounds of installed capacity by 2030. Alongside the funding, PureCycle announced a partnership with IRPC Public Company Limited to build a 130-million-pound recycling facility in Thailand, with operations expected to start in mid-2027. A similar facility is planned in Antwerp, Belgium, projected to be operational in 2028. In Georgia, PureCycle is set to construct a larger “Gen 2” facility, with a capacity of over 300 million pounds per year, beginning mid-2026.