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PCT

PureCycle Technologies, Inc.

PCT

PureCycle Technologies, Inc. • NASDAQ
$8.80 ▲ 2.92% (+0.25)
Market Cap $1.59 B
52w High $17.37
52w Low $5.40
Dividend Yield 0%
P/E -6.03
Volume 1.33M
Outstanding Shares 180.14M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $2.43M ▲ $41.363M ▲ $-28.37M ▲ -1.167K% ▲ $-0.19 ▲ $-4.873M ▲
Q2-2025 $1.65M ▲ $9.994M ▼ $-144.24M ▼ -8.742K% ▼ $-0.81 ▼ $-118.205M ▼
Q1-2025 $1.58M ▲ $16.019M ▲ $8.832M ▲ 558.987% ▲ $0.05 ▲ $32.365M ▲
Q4-2024 $0 $13.284M ▼ $-64.678M ▲ 0% $-0.39 ▲ $-41.009M ▲
Q3-2024 $0 $14.333M $-90.639M 0% $-0.54 $-68.642M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $237.941M ▼ $989.123M ▼ $920.904M ▼ $68.219M ▼
Q2-2025 $284.067M ▲ $1.042B ▲ $943.601M ▲ $98.871M ▼
Q1-2025 $22.482M ▲ $787.338M ▼ $549.125M ▼ $238.213M ▲
Q4-2024 $15.683M ▼ $798.385M ▲ $617.936M ▲ $180.449M ▼
Q3-2024 $83.673M $788.777M $547.361M $241.416M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-28.37M ▲ $-38.462M ▼ $-3.895M ▲ $-8.334M ▼ $-50.738M ▼ $-42.357M ▲
Q2-2025 $-144.24M ▼ $-36.722M ▲ $-8.605M ▲ $305.809M ▲ $260.482M ▲ $-45.327M ▲
Q1-2025 $8.832M ▲ $-38.868M ▼ $-15.004M ▲ $49.823M ▲ $-4.049M ▲ $-53.872M ▼
Q4-2024 $-64.678M ▲ $-31.841M ▲ $-21.595M ▼ $1.294M ▼ $-52.142M ▼ $-53.436M ▼
Q3-2024 $-90.639M $-33.377M $-9.271M $112.846M $70.198M $-42.648M

Five-Year Company Overview

Income Statement

Income Statement PureCycle is still in a pre‑revenue phase, so it has not yet generated meaningful sales from its technology. Operating losses have been consistent for several years and widened in the most recent period, reflecting higher spending on scaling the business, startup costs, and overhead before plants are fully online. Net losses have also grown, which is typical for a capital‑intensive, early‑stage industrial company but increases pressure to eventually convert its pipeline and facilities into stable revenue. The path to profitability depends heavily on bringing plants to steady, reliable output and controlling costs as they ramp up.

Balance Sheet

Balance Sheet The balance sheet shows a business that has accumulated sizable assets as it builds out facilities and infrastructure, but with a relatively small cash cushion. Debt has increased over time, and shareholder equity has recently declined, signaling that leverage is rising and the financial buffer is thinner than it was a couple of years ago. This structure is common for project‑based industrial companies, but it leaves less room for delays, cost overruns, or slower‑than‑expected commercialization. Future funding needs—whether through more debt, equity issuance, or partnerships—are an important watchpoint.

Cash Flow

Cash Flow PureCycle has been consistently burning cash from operations, reflecting its pre‑commercial status and ongoing overhead without offsetting revenue. Free cash flow is even more negative because of heavy investment in facilities and equipment, which are necessary to support future production but consume significant cash today. Capital spending appears to have peaked recently but remains meaningful, so the company is still in a build‑out phase rather than a cash‑generating one. This means the business is currently reliant on external financing and successful project execution to bridge the gap to self‑funded operations.

Competitive Edge

Competitive Edge PureCycle’s main competitive strength is its proprietary, P&G‑licensed process focused specifically on polypropylene, a large and hard‑to‑recycle plastics segment. The ability to produce resin that is close to virgin quality, suitable for demanding uses like packaging, gives it a differentiated offering versus traditional mechanical recyclers. Strategic partnerships for both waste input and resin offtake, along with a technology‑licensing model, can deepen its integration across the plastics value chain and support scale. However, the moat is not fully proven until plants run reliably at scale, and the company still faces competition from other advanced recycling technologies, evolving regulations, and customer willingness to pay for premium recycled content.

Innovation and R&D

Innovation and R&D The company’s core value proposition rests on a novel, solvent‑based purification approach that promises high‑quality recycled polypropylene from difficult waste streams. It is actively pursuing next‑generation plant designs with larger capacity, as well as international expansion, which could enhance economics if they are executed on time and on budget. Ongoing technical work to broaden acceptable feedstocks and customize resin grades for specific uses (such as food packaging or automotive parts) may deepen customer adoption and lock‑in. At the same time, scaling a new industrial process involves engineering, reliability, and permitting risks, so real‑world performance and costs at full scale remain critical unknowns.

Summary

Overall, PureCycle looks like a high‑potential but still early‑stage industrial and environmental technology story. Financials show no revenue yet, widening losses, and ongoing cash burn tied to heavy investment in facilities, financed with a growing mix of debt and a shrinking equity cushion. On the strategic side, the company appears well aligned with powerful sustainability trends, backed by a distinctive technology and notable partnerships that could support a meaningful competitive position if commercialization succeeds. The key questions ahead center on execution: proving that plants can operate reliably at scale, converting offtake interest into stable revenue, managing leverage, and eventually showing a credible path from capital‑intensive build‑out to profitable, cash‑generative operations.

NEWS

November 14, 2025 · 9:00 AM UTC

PureCycle, Churchill Container Win U.S. Plastics Pact Sustainable Packaging Innovation Award for PCR Content

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November 6, 2025 · 4:05 PM UTC

PureCycle Technologies Third Quarter 2025 Corporate Update

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November 3, 2025 · 8:30 AM UTC

PureCycle Announces Appointment of a New Member to the Board of Directors

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October 23, 2025 · 8:30 AM UTC

PureCycle Schedules Third Quarter 2025 Corporate Update

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October 14, 2025 · 8:30 AM UTC

PureCycle Receives REACH Certification, Unlocking EU Sales of PureFive™ Resin

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