PureCycle Technologies, Inc.
12.16-0.96 (-7.32%)
Oct 29, 4:00:00 PM EDT · NasdaqCM · PCT · USD
Key Stats
Market Cap
2.19BP/E (TTM)
-Basic EPS (TTM)
-1.70Dividend Yield
0%Recent Filings
8-K
PureCycle unveils rPP auto bumpers
PureCycle Technologies showcased its dissolution recycling technology at the TPO 2025 Global Automotive Conference on October 1, 2025, highlighting a first-to-market painted recycled polypropylene (rPP) bumper solution for the VW Atlas from 100% post-consumer waste. The process yields high-quality, shelf-stable rPP resin that passed bumper fascia tests for temperature resistance, impact, and flexural strength, supporting VW's 2050 decarbonization goals and EU ELV mandates for 25% recycled plastics in vehicles by 2030. This drop-in solution avoids new tooling while cutting carbon emissions. Yet risks linger in scaling commercial production.
10-Q
Q2 FY2025 results
PureCycle Technologies posted $1.7 million in revenue for Q2 FY2025 ended June 30, up from zero a year earlier, while YTD revenue hit $3.2 million (derived), signaling initial commercialization of its PureFive resin from the Ironton Facility. Operating loss widened to $45.6 million y/y from $39.9 million, driven by higher production costs and a $3.7 million equipment disposal loss, yet net loss ballooned to $144.2 million versus $48.2 million due to an $82.3 million spike in warrant fair-value changes from rising stock prices. Cash soared to $284.1 million after a $300 million Series B preferred stock raise in June, bolstering liquidity against $375.6 million in debt including 7.25% Green Convertible Notes due 2030; free cash flow not disclosed in the 10-Q. The $300 million infusion closed in June 2025 for cash, funding expansions in Thailand and Belgium. Ongoing arbitration with contractor Denham-Blythe over Ironton construction claims adds execution risk.
8-K
Q2 results and growth funding
PureCycle Technologies reported Q2 2025 revenue of $1.7 million and produced 3.4 million pounds of resin at its Ironton facility, achieving a rate test of 14,000 pounds per hour on August 1. The company raised $300 million in June via Series B convertible perpetual preferred stock to fund expansions in Thailand and Belgium, targeting one billion pounds of installed capacity by 2030. Commercial progress includes a 5 million-pound supply deal with Emerald Carpets and 17 post-trial negotiations for 80 million pounds annually. Yet expansion risks loom large.
8-K
PureCycle closes $300M preferred offering
PureCycle Technologies closed a $300 million private placement of 300,000 Series B Convertible Perpetual Preferred Shares on June 20, 2025, with investors including affiliates of The Henry Crown Company and others. These shares offer a 7% annual dividend, convert to common stock at $14.02 per share—a 30% premium to recent averages—and rank senior to common stock in dividends and liquidation but junior to Series A preferred. Holders gained protective veto rights over key corporate actions. Yet the preferred shares lack voting rights.
8-K
CEO to discuss $300M raise
PureCycle Technologies announced CEO Dustin Olson will discuss the recent $300 million capital raise and global expansion plans at the Wolfe Research Materials of the Future Conference on June 18, 2025. This fireside chat highlights funding secured to fuel facility growth in the U.S. and Europe. Yet risks loom large. Forward-looking statements carry uncertainties.
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