PCT · Purecycle Technologies, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.13M | - | $2.43M | $0 | $0 | - | - | - | - | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | $1.55M | - | $1.44M | $1.40M | $1.54M | - | $1.54M | $1.56M | $1.83M | - |
| SG&A | $12.97M | - | $10.35M | $15.86M | $14.48M | - | $12.79M | $16.14M | $15.96M | - |
| Total Operating Expenses | $45.92M | - | $41.36M | $47.25M | $39.30M | - | $31.30M | $39.92M | $38.98M | - |
| D&A | $7.38M | - | $7.26M | $7.26M | $7.35M | - | $7.43M | $7.17M | $9.26M | - |
| Operating Income | ($41.80M) | - | ($38.93M) | ($39.92M) | ($38.98M) | - | ($90.64M) | ($55.37M) | - | - |
| Interest Expense | $15.38M | - | $16.23M | $12.05M | $15.05M | - | $14.57M | $12.05M | $15.05M | - |
| Income Tax | $0 | - | $0 | $0 | $0 | - | $0 | $0 | $0 | - |
| Net Income | ($33.44M) | - | ($28.37M) | ($144.24M) | $8.83M | - | ($90.64M) | ($48.21M) | ($85.61M) | - |
| EPS - Basic | ($0.21) | - | ($0.19) | ($0.81) | $0.05 | - | ($0.54) | ($0.29) | ($0.52) | - |
| EPS - Diluted | ($0.21) | - | ($0.31) | ($0.81) | $0.05 | - | ($0.54) | ($0.29) | ($0.52) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $90.21M | $156.69M | $234.36M | $284.07M | $22.48M | $15.68M | $83.67M | $10.89M | $25.02M | $73.41M |
| Accounts Receivable | $3.83M | $2.01M | $1.59M | $2.13M | $1.49M | - | - | - | - | - |
| Inventory | $12.34M | $9.37M | $10.72M | $10.76M | $8.68M | $8.09M | $6.62M | $6.11M | - | - |
| Accounts Payable | $12.84M | $9.25M | $4.41M | $11.59M | $6.76M | $6.60M | $2.33M | $4.24M | $8.36M | $2.88M |
| Current Assets | $146.38M | $198.02M | $265.45M | $314.88M | $49.66M | $53.90M | $101.50M | $31.93M | $51.17M | $162.65M |
| Total Assets | $886.01M | $922.67M | $989.12M | $1.04B | $787.34M | $798.38M | $788.78M | $719.75M | $734.01M | $1.04B |
| Current Liabilities | $85.56M | $87.56M | $118.40M | $147.11M | $90.61M | $90.88M | $58.28M | $47.64M | $43.57M | $55.61M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $568.58M | $572.08M | $621.60M | $649.54M | $549.13M | $617.94M | $547.36M | $428.14M | $397.18M | $619.14M |
| Stockholders' Equity | $7.42M | $45.89M | $68.22M | $98.87M | $238.21M | $180.45M | $241.42M | $291.61M | $336.84M | $420.24M |
| Retained Earnings | ($849.38M) | ($815.94M) | ($797.15M) | ($768.78M) | ($624.54M) | ($633.38M) | ($568.70M) | ($478.06M) | ($429.85M) | ($344.24M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($42.65M) | - | - | - | ($38.87M) | - | - | - | ($39.18M) | - |
| Investing Cash Flow | ($20.65M) | - | - | - | ($15.00M) | - | - | - | $32.03M | - |
| Financing Cash Flow | ($4.61M) | - | - | - | $49.82M | - | - | - | ($255.42M) | - |
| CapEx | $3.43M | - | - | - | $15.00M | - | - | - | $14.35M | - |
| Free Cash Flow | ($46.09M) | - | - | - | ($53.87M) | - | - | - | ($53.53M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | -1012.7% | - | -1602.2% | - | - | - | - | - | - | - |
| EBITDA margin | -833.9% | - | -1303.3% | - | - | - | - | - | - | - |
| Net margin | -810.3% | - | -1167.5% | - | - | - | - | - | - | - |
| Free cash flow margin | -1116.7% | - | - | - | - | - | - | - | - | - |
| FCF / Net income | 1.38 | - | - | - | -6.10 | - | - | - | 0.63 | - |
| R&D / Revenue | 37.7% | - | 59.4% | - | - | - | - | - | - | - |
| SG&A / Revenue | 314.3% | - | 425.9% | - | - | - | - | - | - | - |
| Effective tax rate | - | - | - | - | 0.0% | - | - | - | - | - |
| Return on assets | -3.8% | - | -2.9% | -13.8% | 1.1% | - | -11.5% | -6.7% | -11.7% | - |
| Return on equity | -450.4% | - | -41.6% | -145.9% | 3.7% | - | -37.5% | -16.5% | -25.4% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.71 | 2.26 | 2.24 | 2.14 | 0.55 | 0.59 | 1.74 | 0.67 | 1.17 | 2.92 |
| Quick ratio | 1.57 | 2.15 | 2.15 | 2.07 | 0.45 | 0.50 | 1.63 | 0.54 | 1.17 | 2.92 |
| Cash ratio | 1.05 | 1.79 | 1.98 | 1.93 | 0.25 | 0.17 | 1.44 | 0.23 | 0.57 | 1.32 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -2.7x | - | -2.4x | -3.3x | -2.6x | - | -6.2x | -4.6x | - | - |
| Equity multiplier | 119.34 | 20.11 | 14.50 | 10.54 | 3.31 | 4.42 | 3.27 | 2.47 | 2.18 | 2.47 |
| Liabilities / Assets | 0.64 | 0.62 | 0.63 | 0.62 | 0.70 | 0.77 | 0.69 | 0.59 | 0.54 | 0.60 |
| Efficiency | ||||||||||
| Asset turnover | 0.00 | - | 0.00 | 0.00 | 0.00 | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 338d | - | 240d | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | 138.4x | - | - | - | - | - |
| P / B | 126.2x | - | 35.6x | 24.9x | 5.2x | - | 6.6x | 3.3x | 3.0x | - |
| P / S | 227.0x | - | 998.7x | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -7.2% | - | 57.0% | 27.9% | - | - | - | - | - | - |
| Net income growth (YoY) | - | - | 68.7% | -199.2% | - | - | - | 14.8% | -231.3% | - |
| EPS growth (YoY) | - | - | 42.6% | -179.3% | - | - | - | 17.1% | -225.0% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 14.5% | - | - | - | -0.6% | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -96.9% | -74.6% | -71.7% | -66.1% | -29.3% | -57.1% | -45.3% | -32.8% | -30.9% | -17.7% |
Peer comparison
Same SIC group: Plastic Materials, Synth Resins & Nonvulcan Elastomers
Comparing PureCycle Technologies against the 5 most active filers in the same SIC group.