Pure Cycle (PCYO) Operating Expenses (2010 - 2026)
Pure Cycle (PCYO) posted quarterly Operating Expenses of $2.2 million for Q2 2026, up 12.9% year-over-year from $1.9 million in Q2 2025, and down 13.88% quarter-over-quarter from $2.5 million in Q1 2026.
Pure Cycle (PCYO) Operating Expenses (2010 - 2026) Analysis & Trends
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.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | American Water Works Company | 26.64 Bn | 26.45 Bn | - | 813.00 Mn |
| 2 | Essential Utilities | 11.36 Bn | 11.35 Bn | - | 337.58 Mn |
| 3 | American States Water | 3.38 Bn | 3.36 Bn | 278.03 Mn | 119.24 Mn |
| 4 | California Water Service | 3.02 Bn | 2.93 Bn | 263.45 Mn | 237.70 Mn |
| 5 | H2O America | 2.61 Bn | 2.51 Bn | 197.11 Mn | 167.72 Mn |
| 6 | Middlesex Water | 1.09 Bn | 1.09 Bn | - | 38.13 Mn |
| 7 | York Water | 517.80 Mn | 517.25 Mn | - | 13.71 Mn |
| 8 | Consolidated Water | 517.28 Mn | 390.95 Mn | 10.92 Mn | 9.10 Mn |
| 9 | Artesian Resources | 362.21 Mn | 357.96 Mn | 26.56 Mn | 21.50 Mn |
| 10 | Pure Cycle | 275.03 Mn | 266.59 Mn | 4.29 Mn | 2.17 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2026 | 2.17 Mn |
| Feb 28, 2026 | 2.52 Mn |
| Nov 30, 2025 | 1.87 Mn |
| Aug 31, 2025 | 1.64 Mn |
| May 31, 2025 | 1.92 Mn |
| Feb 28, 2025 | 2.85 Mn |
| Nov 30, 2024 | 1.95 Mn |
| Aug 31, 2024 | 1.99 Mn |
| May 31, 2024 | 1.80 Mn |
| Feb 29, 2024 | 2.15 Mn |
| Nov 30, 2023 | 1.59 Mn |
| Aug 31, 2023 | 1.72 Mn |
| May 31, 2023 | 916,000.00 |
| Feb 28, 2023 | 1.83 Mn |
| Nov 30, 2022 | 1.50 Mn |
| Aug 31, 2022 | 2.05 Mn |
| May 31, 2022 | 1.17 Mn |
| Feb 28, 2022 | 1.65 Mn |
| Nov 30, 2021 | 1.41 Mn |
| Aug 31, 2021 | 1.47 Mn |