Purecycle Technologies Holdings (PCT) financial statements
Purecycle Technologies Holdings reported revenue of $8M in fiscal 2025.
Net income was -$183M.
Free cash flow was -$184M, and the company returned $5M in net buybacks.
The diluted share count rose 528% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Purecycle Technologies Holdings's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | — | — | — | $0 | $0 | $8M |
| Research and development | $648,000 | $4M | $4M | $7M | $6M | $6M |
| Selling, general and admin | $28M | $58M | $53M | $55M | $53M | $59M |
| Operating income | — | — | — | -$114M | -$145M | -$181M |
| Interest expense | $4M | $7M | $2M | $31M | $57M | $64M |
| Pre-tax income | -$53M | -$78M | -$85M | -$101M | -$289M | -$182M |
| Income tax | $0 | $0 | $0 | $650,000 | -$79,000 | $970,000 |
| Net income | -$53M | -$78M | -$85M | -$102M | -$289M | -$183M |
| EPS (diluted) | -$1.96 | -$0.79 | -$0.55 | -$0.63 | -$1.75 | -$1.21 |
| Diluted shares | 29M | 103M | 156M | 164M | 165M | 180M |
| Operating margin | — | — | — | — | — | -2171.6% |
| Net margin | — | — | — | — | — | -2185.1% |
Balance sheet
Fiscal years, from Purecycle Technologies Holdings's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Cash and short-term investments | $64M | $201M | $162M | $122M | $16M | $170M |
| Receivables | — | — | — | — | $0 | $2M |
| Inventory | — | — | — | $5M | $8M | $14M |
| Total current assets | $65M | $345M | $236M | $163M | $54M | $198M |
| Property, plant and equipment | $74M | $225M | $506M | $639M | $674M | $658M |
| Total assets | $408M | $665M | $861M | $1.0B | $798M | $923M |
| Total current liabilities | $33M | $38M | $38M | $56M | $91M | $88M |
| Long-term debt | — | $233M | $234M | — | — | — |
| Total liabilities | $296M | $283M | $350M | $619M | $618M | $572M |
| Shareholders' equity | $112M | $382M | $511M | $420M | $180M | $46M |
| Net debt | -$64M | $199M | $170M | -$64M | -$3M | -$157M |
Cash flow
Fiscal years, from Purecycle Technologies Holdings's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$18M | -$55M | -$65M | -$95M | -$145M | -$143M |
| Capital spending | $30M | $137M | $287M | $154M | $56M | $41M |
| Free cash flow | -$48M | -$192M | -$353M | -$249M | -$200M | -$184M |
| Stock-based compensation | $6M | $23M | $11M | $12M | $12M | $15M |
| Share buybacks (net) | $0 | -$2M | -$2M | -$1M | -$2M | -$5M |
| Free cash flow margin | — | — | — | — | — | -2197.3% |
Questions
What was Purecycle Technologies Holdings's revenue in 2025?
$8M in fiscal 2025, from its 10-K filing.
How much free cash flow does Purecycle Technologies Holdings generate?
-$184M in fiscal 2025 (operating cash flow minus capital spending).
From Purecycle Technologies Holdings's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.