Filing Flows › PureCycle Technologies (PCT) › Q1 2026
PureCycle Technologies (PCT) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
PureCycle Technologies (PCT) reported revenue of $4.1M for the first quarter 2026 (Q1 2026), +161% from a year earlier and +53% from the quarter before.
PureCycle Technologies, Q1 2026: revenue $4.1M (+161% year over year), net loss $33.4M, operating cash flow −$42.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.1M | +53% | +161% |
| Operating profit | −$41.8M | — | — |
| Net earnings | −$33.4M | — | -479% |
| Operating cash flow | −$42.7M | — | — |
What changed
Revenue was $4.1M in Q1 2026, up 161% year over year and up 53% from the previous quarter.
Operating costs exceeded revenue by $41.8M, an operating margin of -1012.7%. Total costs grew 17% against revenue growth of 161%. The fastest-growing cost line was Other operating costs (+31%). The quarter ended with a net loss of $33.4M, wider than the previous quarter's $18.8M loss. Non-operating items added $8.4M, -25% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$42.7M. Non-cash charges added back $7.4M of depreciation and $2.5M of share-based compensation. Working capital and other items used $19.1M. Capital expenditures of $3.4M exceeded it, leaving free cash flow of −$46.1M.
Questions
What was PureCycle Technologies' revenue in the first quarter 2026?
PureCycle Technologies (PCT) reported revenue of $4.1M for the first quarter 2026 (Q1 2026), +161% from a year earlier and +53% from the quarter before.