PureCycle Tech - CW26 | 10-Q: FY2025 Q3 Revenue: USD 2.43 M

Revenue: As of FY2025 Q3, the actual value is USD 2.43 M.

EPS: As of FY2025 Q3, the actual value is USD -0.31.

EBIT: As of FY2025 Q3, the actual value is USD -25.55 M.

Segment Revenue

• Revenues: The company reported approximately $2.4 million and $5.7 million in revenues during the three and nine months ended September 30, 2025, respectively, marking the first year of meaningful operations.

Operational Metrics

• Operating Loss: The operating loss for the three months ended September 30, 2025, was $38.9 million, compared to $31.3 million for the same period in 2024. For the nine months ended September 30, 2025, the operating loss was $122.3 million, compared to $110.2 million in 2024.
• Cost of Operations: Increased by $12.6 million for the three months ended September 30, 2025, compared to the same period in 2024, and by $22.5 million for the nine months ended September 30, 2025, compared to 2024.
• Research and Development Expenses: Decreased by $0.1 million for the three months ended September 30, 2025, and by $0.6 million for the nine months ended September 30, 2025, compared to the same periods in 2024.
• Selling, General and Administrative Expenses: Decreased by $2.4 million for the three months ended September 30, 2025, and by $4.2 million for the nine months ended September 30, 2025, compared to the same periods in 2024.

Cash Flow

• Net Cash Used in Operating Activities: Increased by $1.1 million for the nine months ended September 30, 2025, compared to the same period in 2024.
• Net Cash Used in Investing Activities: $27.5 million for the nine months ended September 30, 2025, compared to $14.6 million provided by investing activities in 2024.
• Net Cash Provided by Financing Activities: $347.3 million for the nine months ended September 30, 2025, compared to $110.5 million used in 2024.

Unique Metrics

• Change in Fair Value of Warrants: Decreased by $23.7 million during the three months ended September 30, 2025, compared to an increase of $44.9 million during the same period in 2024.

Future Outlook and Strategy

• Core Business Focus: The company plans to construct new polypropylene recycling facilities in Thailand and Belgium, and a multi-line purification facility in Augusta, Georgia. The Thailand facility is expected to become operational in 2027, the Belgium facility in 2028, and the first purification line at the Augusta facility in 2029.
• Non-Core Business: The company is evaluating the use of certain equipment purchased for the Augusta Facility for use in the construction of the Thailand or Belgium facilities. If the equipment cannot be used, a non-cash charge for the loss on disposition may be incurred.