Quarterly report [Sections 13 or 15(d)]

SIGNIFICANT CUSTOMERS

v3.25.2
SIGNIFICANT CUSTOMERS
9 Months Ended
May 31, 2025
SIGNIFICANT CUSTOMERS.  
SIGNIFICANT CUSTOMERS

NOTE 9 – SIGNIFICANT CUSTOMERS

The Company has significant customers in its operations. The tables below present the percentage of total revenue for the reported customers for the nine months ended May 31, 2025 and 2024. For water and wastewater customers, the Company provides services on behalf of the Rangeview District, for which the significant end users include Sky Ranch CAB and two oil & gas operators. The home builders at Sky Ranch account for lot purchase revenue but also for water and wastewater tap fee revenues.

Nine Months Ended

% of Total Revenue Generated From:

May 31, 2025

May 31, 2024

KB Home

20

%

12

%

Lennar

21

%

24

%

Melody (DR Horton)

12

%

6

%

Two oil & gas operators

6

%

30

%

Challenger

7

%

10

%

Sky Ranch CAB

8

%

7

%

As of May 31, 2025, 77% of the reported trade accounts receivable balance, excluding oil and gas royalty receivable, is owed to Pure Cycle by the Rangeview District for tap fees, water usage and wastewater treatment fees.