PureCycle Technologies (NASDAQ:PCT) Releases Quarterly Earnings Results, Beats Estimates By $0.05 EPS

PureCycle Technologies (NASDAQ:PCT) announced its quarterly earnings results on Wednesday. The company reported ($0.21) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.05, FiscalAI reports. PureCycle Technologies had a negative net margin of 2,185.10% and a negative return on equity of 204.74%. The company had revenue of $4.13 million during the quarter, compared to the consensus estimate of $3.83 million.

Here are the key takeaways from PureCycle Technologies’ conference call:

• PureCycle reported accelerating commercial traction with $4.1 million in Q1 revenue (fifth consecutive quarter of sequential growth), Procter & Gamble approvals (Tide caps shipping in Q2; Vicks ZzzQuil later in 2026), eight new customer conversions including Plastic Ingenuity, and a pipeline of ~180 active opportunities.
• Operational momentum at Ironton continued: 8.4 million pounds of PureFive produced in Q1 (up 12% QoQ), ~10 million pounds of feedstock processed, and a full turnaround completed ahead of schedule and ~15% below budget while on-site compounding reached mechanical completion and is being commissioned.
• Macro and regulatory dynamics are tailwinds—virgin polypropylene and HDPE price jumps are improving co-product pricing, and tightening rules (California SB 54 and New Jersey recycled-content/food-contact deadlines) are creating urgent demand for a compliant domestic food-grade PCR supplier like PureCycle.
• Financials show near-term strain: Q1 net loss of $33.4 million and adjusted EBITDA of negative $30.9 million with total liquidity down to ~$131 million (from $182M), although the company has extended warrants (~$273M potential proceeds) and an undrawn $200M revolver as financing options.

PureCycle Technologies Price Performance

PureCycle Technologies stock traded down $0.03 during midday trading on Wednesday, hitting $7.62. The company’s stock had a trading volume of 3,578,259 shares, compared to its average volume of 3,422,173. The company has a quick ratio of 2.15, a current ratio of 2.26 and a debt-to-equity ratio of 7.62. The stock’s 50-day moving average price is $6.29 and its 200-day moving average price is $8.61. PureCycle Technologies has a 12 month low of $4.93 and a 12 month high of $17.37. The company has a market capitalization of $1.38 billion, a PE ratio of -6.30 and a beta of 2.31.

Institutional Trading of PureCycle Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Appian Way Asset Management LP raised its holdings in PureCycle Technologies by 1.4% during the 3rd quarter. Appian Way Asset Management LP now owns 4,315,655 shares of the company’s stock worth $56,751,000 after buying an additional 59,676 shares during the period. Geode Capital Management LLC raised its holdings in PureCycle Technologies by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 3,365,871 shares of the company’s stock worth $28,918,000 after buying an additional 15,536 shares during the period. Royal Bank of Canada raised its holdings in PureCycle Technologies by 41.8% during the 4th quarter. Royal Bank of Canada now owns 1,671,756 shares of the company’s stock worth $14,361,000 after buying an additional 492,975 shares during the period. HRT Financial LP raised its holdings in PureCycle Technologies by 208.2% during the 4th quarter. HRT Financial LP now owns 1,072,543 shares of the company’s stock worth $9,213,000 after buying an additional 724,495 shares during the period. Finally, LPL Financial LLC raised its holdings in PureCycle Technologies by 40.4% during the 4th quarter. LPL Financial LLC now owns 690,055 shares of the company’s stock worth $5,928,000 after buying an additional 198,409 shares during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of PureCycle Technologies in a report on Thursday, January 22nd. Cantor Fitzgerald reduced their price target on shares of PureCycle Technologies from $16.00 to $14.00 and set an “overweight” rating for the company in a report on Friday, February 27th. Finally, Wall Street Zen raised shares of PureCycle Technologies from a “strong sell” rating to a “sell” rating in a report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $13.00.

PureCycle Technologies Company Profile

PureCycle Technologies, Inc operates as a recycling technology company focused on restoring waste polypropylene to a “virgin-like” state through a proprietary purification process licensed from Procter & Gamble. The company develops, owns and operates recycling facilities that convert used polypropylene feedstock—such as packaging and industrial plastics—into ultra‐pure recycled resin. This resin, known as Qualified Recycled Polymer (QRP), is designed to meet stringent quality specifications for applications in packaging, consumer goods and industrial products.

Headquartered in Orlando, Florida, PureCycle was established with technology development efforts dating back to licensing agreements in the mid-2010s and later spun off as a publicly traded entity in 2021.