PureCycle Technologies (NASDAQ:PCT) Announces Earnings Results

PureCycle Technologies (NASDAQ:PCT) posted its quarterly earnings data on Thursday. The company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.17), Zacks reports. PureCycle Technologies had a negative return on equity of 170.94% and a negative net margin of 2,185.10%.The business had revenue of $2.70 million during the quarter, compared to the consensus estimate of $6.37 million.

Here are the key takeaways from PureCycle Technologies’ conference call:

• Operational ramp momentum: Denver added a third shift and processed 14 million pounds in Q4 (44% increase vs Q3) while Ironton set quarterly and daily production records (7.5M lbs); a planned April–May turnaround is expected to further improve reliability and push toward nameplate capacity in 2026.
• Commercial traction: the company recorded $2.7 million in Q4 revenue (fourth consecutive quarter of sequential growth), is actively shipping to 11 customers, and reports a pipeline of over 170 active projects with branded margins in line with guidance.
• Regulatory timing risk: slower approvals in New Jersey could delay conversion of an estimated 15–30 million pounds of near‑term demand, pushing some of the expected ramp into 2026 despite customer and CPG lobbying on PureCycle’s behalf.
• Global expansion progress: Rayong (Thailand) has nine feedstock LOIs and a BOI application (potential ~$100M tax benefit), Antwerp permitting is on schedule with a €40M EIF grant, and Thailand groundbreaking is targeted for H2 2026 with completion in 2027.
• Long‑term cost opportunity from Gen‑2: initial engineering indicates scalable designs (toward ~500M lbs) with estimated greenfield capex ≈ $1.50/lb and brownfield ≈ $1.00/lb, and a path to cash costs below virgin PP, which could materially improve future returns.

PureCycle Technologies Stock Down 22.3%

Shares of NASDAQ:PCT traded down $1.81 during midday trading on Friday, hitting $6.31. 22,169,124 shares of the company’s stock were exchanged, compared to its average volume of 3,080,012. The company has a debt-to-equity ratio of 5.21, a current ratio of 2.24 and a quick ratio of 2.15. PureCycle Technologies has a 12 month low of $5.40 and a 12 month high of $17.37. The company has a market cap of $1.14 billion, a PE ratio of -5.21 and a beta of 2.05. The stock has a 50 day moving average price of $9.66 and a 200-day moving average price of $11.05.

Trending Headlines about PureCycle Technologies

Here are the key news stories impacting PureCycle Technologies this week:

• Positive Sentiment: Company outlined a 2026 commercial ramp with a pipeline of 170+ projects and expanded compounding capabilities — this supports future revenue growth and scale potential. PureCycle outlines 2026 commercial ramp with 170+ project pipeline and expanded compounding capabilities
• Positive Sentiment: Cantor Fitzgerald kept an “overweight” rating on PCT and lowered its price target from $16 to $14 — the cut is modest relative to the stock’s current price and keeps a sizable upside thesis intact. Cantor Fitzgerald lowers PT to $14 but keeps overweight
• Neutral Sentiment: Company filed its Q4 and FY2025 results and a corporate update with accompanying slide deck — the materials include operational detail and guidance context investors will parse for cadence of plant ramps and cash needs. PureCycle Technologies Reports Fourth Quarter Fiscal Year 2025 Results & Corporate Update
• Negative Sentiment: Q4 results disappointed: EPS of ($0.42) missed the consensus (-$0.25) and revenue ~$2.7M fell well short of the ~$6.4M estimate — the larger loss and weak top line created immediate downside pressure. PureCycle Reports Q4 Loss, Misses Revenue Estimates
• Negative Sentiment: High trading volume and intraday selling reflect investor concern about near-term cash flow and execution risk as the company ramps facilities — expect volatility until clearer production and revenue traction is demonstrated.

Institutional Investors Weigh In On PureCycle Technologies

Several institutional investors have recently bought and sold shares of the stock. Investor s Fiduciary Advisor Network LLC bought a new position in PureCycle Technologies in the 4th quarter valued at $146,000. Cresset Asset Management LLC purchased a new position in PureCycle Technologies in the 3rd quarter valued at approximately $146,000. AQR Capital Management LLC grew its position in shares of PureCycle Technologies by 67.9% in the first quarter. AQR Capital Management LLC now owns 20,963 shares of the company’s stock valued at $145,000 after purchasing an additional 8,478 shares in the last quarter. Scotia Capital Inc. purchased a new position in PureCycle Technologies during the 3rd quarter valued at about $141,000. Finally, VARCOV Co. bought a new stake in PureCycle Technologies during the 4th quarter worth approximately $137,000. Institutional investors own 63.01% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on PCT shares. TD Cowen reaffirmed a “hold” rating and set a $9.00 price objective (down from $16.00) on shares of PureCycle Technologies in a research report on Monday, November 24th. Weiss Ratings reissued a “sell (d-)” rating on shares of PureCycle Technologies in a research note on Thursday, January 22nd. Finally, Cantor Fitzgerald reduced their price target on shares of PureCycle Technologies from $16.00 to $14.00 and set an “overweight” rating for the company in a report on Friday. One 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 stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $13.00.

PureCycle Technologies Company Profile

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.