Despite seasonal slowdowns, Pure Cycle posted a profitable Q2 2025 with growth in water tap sales and continued revenue from oil and gas royalties. Residential demand at Sky Ranch remained strong, supporting ongoing development.
Net income reached $809,000 during a seasonally low construction quarter.
Revenue grew to $4,000,000, with water tap sales contributing significantly.
Royalty income surged to $1,910,000, reflecting gains from new wells.
EBITDA reached $1,802,000, indicating strong operational profitability.
Pure Cycle expects continued lot deliveries and rising rental demand at Sky Ranch to drive growth, supported by infrastructure expansion and strong capital reserves.
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