PureCycle Tech - Unit | 10-Q: FY2025 Q2 Revenue: USD 1.65 M

Revenue: As of FY2025 Q2, the actual value is USD 1.65 M.

EPS: As of FY2025 Q2, the actual value is USD -0.81.

Segment Revenue

• Revenues: The company reported approximately $1.7 million and $3.2 million in revenues during the three and six months ended June 30, 2025, respectively, marking the first year of meaningful operations and sales.

Operational Metrics

• Operating Loss: The operating loss for the three months ended June 30, 2025 was - $45.6 million, compared to - $39.9 million for the same period in 2024. For the six months ended June 30, 2025, the operating loss was - $83.3 million, compared to - $78.9 million in 2024.
• Net Loss: The net loss for the three months ended June 30, 2025 was - $144.2 million, compared to - $48.2 million for the same period in 2024. For the six months ended June 30, 2025, the net loss was - $135.4 million, compared to - $133.8 million in 2024.

Cash Flow

• Net Cash Used in Operating Activities: Net cash used in operating activities for the six months ended June 30, 2025 was - $75.6 million, a decrease of $4.0 million compared to the same period in 2024.
• Net Cash Provided by Financing Activities: Net cash provided by financing activities for the six months ended June 30, 2025 was $355.6 million, compared to net cash used in financing activities of - $223.3 million during the same period in 2024.

Unique Metrics

• Change in Fair Value of Warrants: The fair value of liability-classified warrants increased by approximately $86.7 million during the three months ended June 30, 2025, primarily driven by an increase in the underlying value of the company’s common stock.

Future Outlook and Strategy

• Core Business Focus: The company plans to increase its installed capacity by constructing a 130 million pound polypropylene recycling facility in Thailand, a 130 million pound facility in Antwerp, Belgium, and a 300 million pound multi-line purification facility in Augusta, Georgia. The Thailand facility is expected to become operational in mid-2027, the Antwerp facility in 2028, and the Augusta facility in 2029.
• Non-Core Business: The company is conducting additional testing and plans to make further submissions for additional post-consumer recycled feedstock sources and expanded conditions of use for its FDA food contact grade resins.