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Earnings analysis · 10-Q

PCT earnings analysis

Filed May 6, 2026 · Our reading of the company's report

The latest report

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…

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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.

Read the original on SEC.gov

How we read each report

Our analysis across the last few reports.

Read as bullish Read as bearish May 2022 May 2026

Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.

Reported figures

Earnings per share
$-0.21

What stood out

  • 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.

What to watch

  • 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.

Management's outlook

Reaffirming demand guidance for production ramp of 40-50 million pounds in Q2/Q3.

Earlier filings 4

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 itself. Analysis can contain errors; check the source document for full context.