PureCycle Technologies, Inc. (PCT) Income Statement
PCT 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsPCT revenue and net income
Where PCT's revenue goes
2025Each bar shows an amount and its share of revenue. PCT kept −2,185.1% of revenue as net income.
PCT profit margins
PCT growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | — | — | — | — |
| Gross profit | — | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
PCT quarterly EPS vs estimates
PureCycle Technologies beat the analyst EPS estimate in 2 of the last 8 quarters. Next report: November 5, 2026 (estimate $-0.21).
PCT income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $8.4M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cost of revenue | $143.0M | $34.7M | $18.9M | $26.6M | $10.6M | $8.6M | $6.0M | $1.2M |
| Gross profit | −$134.6M | −$34.7M | −$18.9M | −$26.6M | −$10.6M | −$8.6M | −$6.0M | −$1.2M |
| Research & development | $5.9M | $3.4M | $6.6M | $1.1M | $1.4M | $648,000 | $526,127 | $786,233 |
| Sales, general & admin | $59.5M | $11.7M | $11.8M | $10.8M | $68.2M | $39.5M | $11.5M | $2.1M |
| Total operating expenses | $31.7M | $110.7M | $95.0M | $54.8M | $59.0M | $28.6M | $12.0M | $2.9M |
| Operating income | −$166.4M | −$145.4M | −$113.9M | −$81.3M | −$69.6M | −$37.2M | −$18.0M | −$4.1M |
| Interest income | $5.9M | $5.2M | $5.7M | $2.6M | $821,000 | — | — | — |
| Interest expense | $64.4M | $56.9M | $31.4M | $2.3M | $6.7M | $8.0M | $1.0M | $0 |
| Income before taxes | −$181.6M | −$289.2M | −$101.1M | −$84.7M | −$77.5M | −$53.0M | −$19.3M | −$4.1M |
| Income taxes | $970,000 | −$79,000 | $650,000 | $2.6M | $6.9M | $7.8M | $682,459 | −$161,141 |
| Net income | −$182.6M | −$289.1M | −$101.7M | −$84.7M | −$77.5M | −$53.0M | −$20.0M | −$4.1M |
| EBITDA | −$83.5M | −$197.7M | −$50.8M | −$79.5M | −$68.6M | −$47.0M | −$17.1M | −$4.1M |
| EPS (diluted) | −$1.03 | −$1.61 | −$0.63 | −$0.54 | −$1.04 | −$14.13 | −$0.26 | — |
| Gross margin | −1,611.3% | — | — | — | — | — | — | — |
| Operating margin | −1,991.2% | — | — | — | — | — | — | — |
| Net margin | −2,185.1% | — | — | — | — | — | — | — |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.5M | $4.1M | $2.7M | $2.4M | $1.6M | $1.6M | $0 | $0 | $15.1M | $11.9M | $0 | $4.8M |
| Cost of revenue | $35.5M | $32.2M | $52.1M | $30.4M | $37.3M | $23.3M | $21.9M | $17.0M | $22.2M | $21.2M | $1.3M | $5.7M |
| Gross profit | −$31.0M | −$28.1M | −$49.4M | −$27.9M | −$35.6M | −$21.7M | −$21.9M | −$17.0M | −$22.2M | −$21.2M | −$1.3M | −$5.7M |
| Research & development | $1.4M | $1.6M | $2.3M | $670,000 | $1.4M | $1.5M | $1.5M | $1.5M | $1.6M | $1.8M | $5.9M | $841,000 |
| Sales, general & admin | $9.6M | $13.0M | $18.8M | $10.3M | $15.9M | $14.5M | $11.7M | $12.8M | $16.1M | $16.0M | $11.8M | $2.7M |
| Total operating expenses | $10.3M | $13.7M | −$5.3M | $11.0M | $10.0M | $16.0M | $13.3M | $14.3M | $17.7M | $17.8M | $27.7M | $25.9M |
| Operating income | −$41.3M | −$41.8M | −$44.1M | −$38.9M | −$45.6M | −$37.7M | −$35.2M | −$31.3M | −$39.9M | −$39.0M | −$29.0M | −$31.6M |
| Interest income | $992,000 | $1.4M | $2.0M | $2.9M | $621,000 | $379,000 | $664,000 | $414,000 | $514,000 | $3.6M | $5.8M | $2.1M |
| Interest expense | $15.4M | $15.4M | $15.5M | $16.2M | $17.6M | $15.1M | $15.2M | $14.6M | $12.1M | $15.1M | $16.5M | $10.8M |
| Income before taxes | −$142.2M | −$33.4M | −$17.8M | −$28.4M | −$144.2M | $8.8M | −$64.8M | −$90.6M | −$48.2M | −$85.6M | −$23.5M | $8.5M |
| Income taxes | — | — | $970,000 | — | — | — | −$79,000 | −$90.6M | — | $9.2M | $650,000 | $3.3M |
| Net income | −$142.2M | −$33.4M | −$18.8M | −$28.4M | −$144.2M | $8.8M | −$64.7M | −$90.6M | −$48.2M | −$85.6M | −$24.2M | $8.5M |
| EBITDA | −$32.7M | −$9.5M | $6.1M | −$3.7M | −$118.2M | $32.4M | −$41.0M | −$68.6M | −$29.0M | −$60.5M | −$5.7M | $25.7M |
| EPS (diluted) | −$0.33 | −$0.21 | −$0.42 | −$0.31 | −$0.35 | $0.05 | −$0.39 | −$0.54 | −$0.29 | −$0.39 | −$0.15 | $0.03 |
| Gross margin | −687.3% | −680.1% | −1,832.0% | −1,150.0% | −2,157.8% | −1,373.5% | — | — | −147.6% | −177.5% | — | −117.0% |
| Operating margin | −916.1% | −1,012.7% | −1,636.9% | −1,602.2% | −2,763.5% | −2,387.4% | — | — | −265.2% | −326.5% | — | −652.4% |
| Net margin | −3,152.0% | −810.3% | −697.1% | −1,167.5% | −8,741.8% | 559.0% | — | — | −320.3% | −717.1% | — | 176.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in PCT's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
PCT financial results
In fiscal year 2025 (ended December 31, 2025), PureCycle Technologies reported revenue of $8.4 million. It had a net loss of $182.6 million, a net profit margin of −2,185.1%. Diluted earnings per share came to −$1.03.
See the PCT stock overview for the latest quote and news, or the PCT chart for price history and technical indicators.
PCT income statement FAQ
What is PureCycle Technologies's annual revenue?
PureCycle Technologies reported total revenue of $8.4 million for fiscal year 2025, which ended on December 31, 2025.
Is PureCycle Technologies profitable?
No. PureCycle Technologies reported a net loss of $182.6 million in fiscal 2025, a net profit margin of −2,185.1%; its operating margin was −1,991.2%.
What is PureCycle Technologies's gross margin?
PureCycle Technologies's gross margin was −1,611.3% in fiscal 2025: for every $100 of revenue, PureCycle Technologies kept $-1611 after the direct cost of its products and services.
How much does PureCycle Technologies spend on research and development?
PureCycle Technologies spent $5.9 million on research and development in fiscal 2025, 70.9% of revenue.
What are PureCycle Technologies's earnings per share?
PureCycle Technologies earned $-1.03 per diluted share in fiscal 2025, compared with $-1.61 a year earlier.
When will PureCycle Technologies report its next earnings?
PureCycle Technologies is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 after the market closes.
When does PureCycle Technologies's fiscal year end?
PureCycle Technologies's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.