PureCycle Technologies, Inc. (PCT)

PureCycle Technologies, Inc. engages in the production of recycled polypropylene (PP) in Thailand. The company holds a license for restoring waste PP into ultra-pure recycled PP resin, PureFive, which has various applications, including packaging and labeling for consumer products, textiles, and plastic parts for various industries. Its recycling process separates color, odor, other plastics, and additives through a physical separation process. The company was founded in 2015 and is headquartered in Orlando, Florida.

Ticker
PCT
Exchange
Nasdaq
Sector
Industrials
Industry
Pollution & Treatment Controls
Market cap
$333.65M
52-week range
$1.60 - $14.19

Valuation

Share price
$1.66 (close of Nov 6, 2026)
P/E (TTM)
-1.50x
Price to book
18.04x
Price to free cash flow
-1.60x
Enterprise value
$726.39M
Book value per share
$0.09

Price performance

PeriodChange
1 day-11.70%
5 days-50.60%
1 month-58.60%
3 months-75.84%
6 months-78.22%
Year to date-80.68%
1 year-82.73%
3 years-59.81%
5 years-87.03%
All time-83.73%

Short interest

As of
Oct 15, 2026
Short % of float
44.72%
Shares short
65.26M
Days to cover
10.02
Change since prior report
+11.37%
Source
FINRA consolidated short interest

Profitability and growth

Return on invested capital
-39.02%
Return on assets
-19.79%
Return on capital employed
-21.73%
Net margin
-2,185.10%
EBITDA margin
-1,823.05%

Cash flow and balance sheet

Free cash flow yield (TTM)
-62.65%
Current ratio
1.60x
Net debt to EBITDA
-4.30x

Latest reported year

Period end
Dec 31, 2025
Fiscal year
2025
Revenue
$8.36M
EBITDA
-$152.32M
Net income
-$182.56M
Earnings per share
$-1.08
Research and development
$5.92M
Interest expense
$64.45M
Shares outstanding
179.33M

Income statement by year

Period endRevenueNet incomeEPS
2025-12-31$8.36M-$182.56M-$1.08
2024-12-31--$289.14M-$1.75
2023-12-31--$101.72M-$0.62
2022-12-31--$84.75M-$0.54
2021-12-31--$77.50M-$0.75
2020-12-31--$52.99M-$1.96

Margins and returns by year

Period endNet marginReturn on equityReturn on capital
2025-12-31-2,185.10%--39.02%
2024-12-31--160.23%-24.84%
2023-12-31--24.20%-11.81%
2022-12-31--16.59%-10.83%*
2021-12-31--20.31%-11.17%*
2020-12-31--47.42%-43.75%*

* Estimated EBIT: pre-tax income + net interest. This company reports no operating income line.

Cash and debt by year

Period endCashDebt
2025-12-31$156.69M-
2024-12-31$15.68M-
2023-12-31$73.41M-
2022-12-31$63.89M$233.51M
2021-12-31$33.42M$232.51M
2020-12-31$64.49M-
2019-12-31$150.05K-
2018-12-31$100.81K-

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31-$183.59M$14.94M
2024-12-31-$200.41M$11.65M
2023-12-31-$248.81M$11.83M
2022-12-31-$352.67M$10.84M
2021-12-31-$191.90M$22.64M
2020-12-31-$47.77M$5.63M
2019-12-31-$12.31M$4.05M
2018-12-31-$16.55M$24.49K

Investor relations

Past earnings dates

ReportedFiscal periodEPS estimate
2026-11-04Sep 2026-$0.21
2026-08-06Jun 2026-$0.26
2026-05-06Mar 2026-$0.26
2026-02-26Dec 2025-$0.25
2025-11-06Sep 2025-$0.25
2025-08-07Jun 2025-$0.23
2025-05-07Mar 2025-$0.25
2025-02-27Dec 2024-$0.24

Filings and sources

Company website
purecycle.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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