PureCycle Technologies (NASDAQ:PCT) Issues Earnings Results
by Amy Steele · The Cerbat GemPureCycle Technologies (NASDAQ:PCT – Get Free Report) issued its earnings results on Wednesday. The company reported ($0.21) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.05, FiscalAI reports. The firm had revenue of $4.13 million for the quarter, compared to analyst estimates of $3.83 million. PureCycle Technologies had a negative net margin of 2,062.36% and a negative return on equity of 305.03%.
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 Trading Up 7.0%
NASDAQ PCT traded up $0.63 on Friday, reaching $9.57. The company had a trading volume of 3,296,553 shares, compared to its average volume of 4,399,626. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of -6.50 and a beta of 2.31. The company has a debt-to-equity ratio of 7.62, a current ratio of 2.26 and a quick ratio of 2.15. PureCycle Technologies has a fifty-two week low of $4.93 and a fifty-two week high of $17.37. The business has a 50 day moving average of $6.30 and a two-hundred day moving average of $8.58.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the company. TD Cowen cut their price objective on PureCycle Technologies from $7.00 to $6.00 and set a “hold” rating on the stock in a report on Friday. Cantor Fitzgerald dropped their target price on PureCycle Technologies from $16.00 to $14.00 and set an “overweight” rating for the company in a research report on Friday, February 27th. Wall Street Zen raised PureCycle Technologies from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 2nd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of PureCycle Technologies in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, PureCycle Technologies presently has an average rating of “Moderate Buy” and an average target price of $12.00.
Read Our Latest Stock Report on PCT
Institutional Investors Weigh In On PureCycle Technologies
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Hsbc Holdings PLC bought a new position in shares of PureCycle Technologies during the fourth quarter worth about $132,000. TMB Capital Partners LLC acquired a new stake in PureCycle Technologies during the 4th quarter valued at approximately $475,000. Zazove Associates LLC bought a new position in PureCycle Technologies during the 4th quarter worth approximately $222,000. NewEdge Advisors LLC raised its holdings in PureCycle Technologies by 39.3% during the 4th quarter. NewEdge Advisors LLC now owns 118,033 shares of the company’s stock worth $1,014,000 after purchasing an additional 33,310 shares during the last quarter. Finally, VARCOV Co. acquired a new position in shares of PureCycle Technologies in the 4th quarter worth approximately $137,000. Institutional investors and hedge funds own 63.01% of the company’s stock.
About PureCycle Technologies
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.