Pure Cycle Corporation Annual report [Section 13 and 15(d), not S-K Item 405]

Annual report [Section 13 and 15(d), not S-K Item 405]

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
Notes Tables
Notes Details

EARNINGS PER SHARE

EARNINGS PER SHARE

12 Months Ended

Aug. 31, 2025

EARNINGS PER SHARE

EARNINGS PER SHARE

NOTE 15 – EARNINGS PER SHARE

Certain outstanding options are excluded from the diluted earnings per share calculation because they are anti-dilutive (i.e., their assumed conversion into common stock would increase rather than decrease earnings per share). No options were excluded for the fiscal years ended August 31, 2025 and 2024.


	Year Ended
(In thousands, except share and per share amounts)	August 31, 2025		August 31, 2024
Net income	$	13,110	$	11,613

Basic weighted average common shares		24,076,317		24,083,001
Effect of dilutive securities		91,212		57,945
Weighted average shares applicable to diluted earnings per share		24,167,529		24,140,946

Earnings per share - basic	$	0.54	$	0.48
Earnings per share - diluted	$	0.54	$	0.48