PCT earnings analysis
What we found in PCT's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
PureCycle Technologies reported Q1 2026 revenue of $4.1 million, exceeding estimates of $3.9 million, while the diluted EPS showed a loss of $0.21, which was narrower than the anticipated loss of $0.24. The company reaffirmed its guidance for a production ramp-up to 40-50 million pounds in Q2/Q3, indicating resilience in operational growth amid increasing costs.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Beat
- Revenue for Q1 2026 was $4.1 million, surpassing the estimated $3.9 million.
- Narrowing EPS Loss
- Diluted EPS loss was reported at $0.21, better than the expected loss of $0.24.
- Sequential Revenue Growth
- Q1 2026 revenue increased from $3 million in Q4 2025.
- Reaffirmed Demand Guidance
- Management confirmed production ramp-up guidance of 40-50 million pounds for Q2/Q3.
- Increased Operating Costs
- Higher production-related costs contributed to an increase in net cash used in operating activities, which grew by $3.8 million compared to Q1 2025.
- Stable Financial Position
- No material changes noted in the company's indebtedness from the previous 10-K.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Significant Net Loss
- The company reported a net loss which, while narrowing, remains substantial at approximately $0.21 loss per share.
- Liquidity Decline
- Net cash used in financing activities changed from a net inflow of $49.8 million in Q1 2025 to a net outflow of $4.6 million in Q1 2026.
- High Operating Costs
- Operating costs remain a concern as production ramps up, leading to increased cash outflow.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.21
What they said about what is next.
Reaffirming demand guidance for production ramp of 40-50 million pounds in Q2/Q3.
The filing reads better than the one before it.
What came before.
- 10-K · February 26, 2026
- PureCycle positions itself as the commercializer of a P&G‑licensed patented dissolution recycling Technology to produce near‑virgin PureFive® polypropylene. The company remains early commercial‑stage with minimal…
- 10-Q · November 6, 2025
- PureCycle reported first meaningful quarter of revenue of $2.43M (three months ended Sept. 30, 2025) while continuing to generate large operating losses (operating loss $38.9M). Liquidity materially improved after a…
- 10-Q · May 7, 2025
- PureCycle reported its first quarterly revenue of $1.58 million and delivered GAAP net income of $8.83 million (EPS $0.05) for the quarter ended March 31, 2025, driven largely by a non‑cash change in warrant fair value.…
- 10-Q · May 8, 2024
- PureCycle reported a net loss of $85,607,000 (GAAP) and diluted EPS of -$0.52 for the quarter ended March 31, 2024, driven by higher operating costs, interest expense and a $21,214,000 loss on debt extinguishment. Cash…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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