Pure Cycle (PCYO) Operating Expenses (2010 - 2026)

Pure Cycle (PCYO) has reported Operating Expenses for 17 consecutive years, with $2.2 million the latest figure, recorded in Q2 2026.

• In Q2 2026, Operating Expenses rose 12.9% year-over-year to $2.2 million; the TTM figure through May 2026 stood at $8.2 million (down 5.92% YoY), while the FY2025 annual figure was $8.4 million, up 11.21% from the prior year.
• Operating Expenses slipped to $2.2 million in Q2 2026 per PCYO's latest filing, from $2.5 million in the prior quarter.
• Across five years, Operating Expenses topped out at $2.9 million in Q1 2025 and bottomed at $916000.0 in Q2 2023.
• Historically, Operating Expenses has averaged $1.8 million across 5 years, with a median of $1.8 million in 2023.
• Annual changes were most pronounced in 2023 — Operating Expenses slipped 21.64% — and 2024, when it soared 96.29%.
• Pure Cycle's Operating Expenses stood at $1.5 million in 2022, then rose by 5.52% to $1.6 million in 2023, then gained by 22.76% to $1.9 million in 2024, then slipped by 4.06% to $1.9 million in 2025, then grew by 16.22% to $2.2 million in 2026.
• Business Quant data shows PCYO's Operating Expenses at $2.2 million in Q2 2026, $2.5 million in Q1 2026, and $1.9 million in Q4 2025.