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

LB filings
2025.11.06 22:31
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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.
  • Net Loss: The net loss for the three months ended September 30, 2025, was - $28.4 million, compared to - $90.6 million for the same period in 2024. For the nine months ended September 30, 2025, the net loss was - $163.8 million, compared to - $224.5 million in 2024.

Cash Flow

  • Net Cash Used in Operating Activities: For the nine months ended September 30, 2025, net cash used in operating activities was - $114.1 million, compared to - $113.0 million for the same period in 2024.
  • Net Cash (Used in)/Provided by Investing Activities: For the nine months ended September 30, 2025, net cash used in investing activities was - $27.5 million, compared to $14.6 million provided by investing activities in 2024.
  • Net Cash Provided by/(Used in) Financing Activities: For the nine months ended September 30, 2025, net cash provided by financing activities was $347.3 million, compared to - $110.5 million used in 2024.

Unique Metrics

  • Interest Expense: Interest expense for the three months ended September 30, 2025, was $16.2 million, compared to $14.6 million for the same period in 2024. For the nine months ended September 30, 2025, interest expense was $48.9 million, compared to $41.7 million in 2024.

Future Outlook and Strategy

  • Core Business Focus: The company plans to construct new polypropylene recycling facilities in Thailand and Belgium, and build a multi-line purification facility at its Augusta, Georgia location. 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 in various stages of customer application trials, which is anticipated to generate revenue growth in future periods.
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