Pure Cycle Corporation Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)

6 Months Ended

Feb. 28, 2026

The tables below present the measure of profit and assets as well as the interest income and expense that the CODM uses to assess the performance of the segments for the periods presented:


		Three Months Ended February 28, 2026
(In thousands)		Water and wastewater resource development			Land development		Single-family rental			Corporate			Total
Total revenue		$	2,955		$	2,064	$	150		$	—		$	5,169

Cost of revenue			1,160			800		42			—			2,002
Depreciation and depletion			383			—		—			—			383
Total cost of revenue			1,543			800		42			—			2,385

Segment profit		$	1,412		$	1,264	$	108		$	—		$	2,784

Interest income		$	—		$	—	$	—		$	906		$	906

Interest expense		$	36		$	—	$	106		$	—		$	142



		Three Months Ended February 28, 2025
(In thousands)		Water and wastewater resource development			Land development		Single-family rental			Corporate			Total
Total revenue		$	2,534		$	1,343	$	118		$	—		$	3,995

Cost of revenue			639			1,336		25			—			2,000
Depreciation and depletion			468			—		—			—			468
Total cost of revenue			1,107			1,336		25			—			2,468

Segment profit		$	1,427		$	7	$	93		$	—		$	1,527

Interest income		$	—		$	—	$	—		$	539		$	539

Interest expense		$	38		$	—	$	67		$	4		$	109


		Six Months Ended February 28, 2026
(In thousands)		Water and wastewater resource development			Land development		Single-family rental			Corporate			Total
Total revenue		$	5,437		$	8,586	$	281		$	—		$	14,304

Cost of revenue			1,865			2,517		97			—			4,479
Depreciation and depletion			790			—		—			—			790
Total cost of revenue			2,655			2,517		97			—			5,269

Segment profit		$	2,782		$	6,069	$	184		$	—		$	9,035

Interest income		$	—		$	—	$	—		$	1,855		$	1,855

Interest expense		$	73		$	—	$	163		$	—		$	236



		Six Months Ended February 28, 2025
(In thousands)		Water and wastewater resource development			Land development		Single-family rental			Corporate			Total
Total revenue		$	5,391		$	4,114	$	242		$	—		$	9,747

Cost of revenue			1,329			2,293		93			—			3,715
Depreciation and depletion			839			—		—			—			839
Total cost of revenue			2,168			2,293		93			—			4,554

Segment profit		$	3,223		$	1,821	$	149		$	—		$	5,193

Interest income		$	—		$	—	$	—		$	1,271		$	1,271

Interest expense		$	76		$	—	$	136		$	6		$	218

The following table summarizes the Company’s total assets by segment.


(In thousands)		February 28, 2026			August 31, 2025
Water and wastewater resource development		$	74,227		$	69,366
Land development			9,683			11,121
Single-family rental			11,318			5,280
Corporate			71,408			76,512
Total assets		$	166,636		$	162,279