PureCycle Technologies, Inc.

Listed Company

PCTCIK 0001830033NasdaqLarge AcceleratedPlastic Materials, Synth Resins & Nonvulcan ElastomersX1FY ends Dec 31

Period

FY 2025

Revenue

$8.36M

Net Income

$-182.56M

Total Assets

$922.67M

Equity

$45.89M

Shares Out

180.86M

Op. Cash Flow

$-142.74M

PCTTW$2.04−59.92% · past yearDBEQ Basic

Daily closing prices

Business

PureCycle Technologies is a chemicals company that commercializes patented dissolution recycling technology to convert post-industrial and post-consumer polypropylene waste into PureFive® resin, a near-virgin-quality recycled polypropylene product. The company operates Feed PreP (collection and sorting), Purification (dissolution recycling using supercritical fluids), and Compounding (blending with additives) processes. PureCycle operates its first commercial-scale facility in Ironton, Ohio, with planned expansions in Thailand, Belgium, and Augusta, Georgia, targeting resin distributors, converters, consumer-goods manufacturers, and automotive and food-packaging producers globally.

Summary from 10-K filed 2026-02-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	8	0	0	—	—
Cost of operations	109	86	52	24	8
Research and development	6	6	7	4	4
Selling, general and administrative	59	53	55	53	58
Write-down of long-lead equipment	15	0	0	—	—
Total operating costs and expenses	190	145	114	81	70
Operating loss	−181	−145	−114	—	—
Interest expense	64	57	31	2	—
Interest income	−6	−5	−11	−5	−821,000
Change in fair value of warrants	−62	72	−34	6	1
Loss on extinguishment of debt	4	21	0	0	—
Other (income)/expense, net	−1	−647,000	483,000	227,000	−206,000
Total other expense/(income)	159,000	144	−13	3	8
Loss before income taxes	−182	−289	−101	−85	−78
Provision/(benefit) for income taxes	970,000	−79,000	650,000	0	0
Net loss	−183	−289	−102	−85	−78
Basic (in usd per share)	−1.08	−1.75	−0.62	−0.54	−0.75
Diluted (in usd per share)	−1.21	−1.75	−0.63	−0.55	−0.79
Basic (in shares)	179	165	164	156	103
Diluted (in shares)	180	165	164	156	103
Cumulative translation adjustment	−387,000	92,000	−14,000	0	0
Unrealized gain on debt securities available for sale	4,000	18,000	623,000	−404,000	−237,000
Total comprehensive loss	−183	−289	−101	−85	−78

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	157	16	73	—	—
Debt securities available for sale	14	0	48	99	167
Restricted cash - current	2	17	26	69	142
Accounts receivable, net	2	0	—	—	—
Inventory	9	8	5	—	—
Prepaid expenses and other current assets	14	13	11	5	3
Total current assets	198	54	163	236	345
Restricted cash - noncurrent	9	9	203	95	89
Operating lease right-of-use assets	54	57	30	19	12
Property, plant and equipment, net	658	674	639	506	225
Prepaid expenses and other noncurrent assets	3	4	5	5	6
TOTAL ASSETS	923	798	1,039	861	665
Accounts payable	9	7	3	2	1
Accrued expenses and other current liabilities	43	43	35	35	36
Accrued interest	8	8	8	2	2
Current portion of warrant liability	14	10	0	—	—
Total current liabilities	88	91	56	38	38
Deferred revenue	5	5	5	5	—
Warrant liability, less current portion	45	120	22	56	6
Operating lease right-of-use liabilities	52	55	27	17	—
Series A Preferred Stock liability	30	18	0	—	—
Other noncurrent liabilities	3	6	2	1	1
TOTAL LIABILITIES	572	618	619	350	283
COMMITMENTS AND CONTINGENCIES (NOTE 13)	—	—	—	—	—
Series B Convertible Perpetual Preferred Stock - $0.001 par value, 300 and no shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively	305	0	—	—	—
Common Stock - $0.001 par value, 450,000 shares authorized; 180,281 and 173,566 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively	180,000	174,000	164,000	164,000	128,000
Additional paid-in capital	862	814	764	754	539
Accumulated other comprehensive (loss)/income	−305,000	78,000	−32,000	−641,000	−237,000
Accumulated deficit	−816	−633	−344	−243	−158
TOTAL STOCKHOLDERS' EQUITY	46	180	420	511	382
TOTAL LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS' EQUITY	923	798	1,039	861	665

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Equity-based compensation	15	12	12	11	23
Depreciation expense	29	31	16	4	2
Loss on disposal of equipment	4	0	0	—	—
Operating lease amortization expense	5	3	3	2	0
Amortization of debt issuance costs and debt discounts	24	17	3	1	3
Change in fair value of derivative	−3	−2	0	—	—
Deferred taxes	970,000	−79,000	650,000	0	0
Other	794,000	427,000	2	—	—
Accounts receivable	−2	0	0	—	—
Inventory	−1	−3	−4	−265,000	—
Prepaid expenses and other current assets	−232,000	−3	−4	—	—
Prepaid expenses and other noncurrent assets	−273,000	220,000	711,000	52,000	−3
Accounts payable	3	5	418,000	85,000	−293,000
Accrued expenses and other current liabilities	8	−4	4	—	—
Accrued interest	4	−1	11	0	3
Operating lease right-of-use liabilities	−4	−3	−2	−2	0
Net cash used in operating activities	−143	−145	−95	−65	−55
Purchase of property, plant and equipment	−41	−56	−154	−287	−137
Purchase of debt securities, available for sale	−14	−31	−58	−192	−229
Sale and maturity of debt securities, available for sale	0	79	109	261	—
Net cash used in investing activities	−54	−7	−102	−218	−306
Proceeds from issuance of common stock	33	38	0	206	1
Payments on related party revenue bonds	−10	−980,000	0	0	0
Payment to purchase revenue bonds	0	−253	0	—	—
Proceeds from issuance and exercise of warrants	7	30	0	—	—
Proceeds from equipment lease financing	0	13	22	—	—
Payments on equipment lease financing	−29	−6	−592,000	—	−13,000
Debt and preferred stock issuance costs	−9	−1	−11	—	—
Payments to repurchase shares	−5	−2	−1	−2	−2
Proceeds from convertible note offering	0	0	225	0	0
Other net payments for financing activities	−525,000	2	−91,000	−56,000	147,000
Net cash provided by/(used in) financing activities	324	−109	272	248	293
Net increase/(decrease) in cash and cash equivalents and restricted cash	127	−261	75	−36	−67
Interest paid during the period, net of capitalized interest	36	42	14	1	1
Carrying value of warrant liability issued to satisfy shareholder loan prepayment penalty	0	44	0	0	—
Initial fair value of warrant liability issued to satisfy shareholder loan prepayment penalty	0	7	0	0	—

Filings

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Frequently asked questions

What is PureCycle Technologies, Inc.'s CIK number?

PureCycle Technologies, Inc.'s SEC CIK number is 0001830033 (1830033). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find PureCycle Technologies, Inc.'s SEC filings?

All of PureCycle Technologies, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did PureCycle Technologies, Inc. last report earnings?

PureCycle Technologies, Inc. (PCT) most recently filed an earnings 8-K with the SEC on May 6, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001830033-26-000013). This is PureCycle Technologies, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is PureCycle Technologies, Inc.'s most recent earnings 8-K?

PureCycle Technologies, Inc.'s latest earnings 8-K (Item 2.02) was filed May 6, 2026 under accession 0001830033-26-000013. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View PureCycle Technologies, Inc.'s latest earnings 8-K →
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