Purecycle Technologies Inc

purecycle.com

What Do They Do?

Sells recycled polypropylene resin made from plastic waste to resin distributors, converters, and manufacturers of consumer and industrial products.

How Do They Make Money?

Customers pay for recycled or compounded polypropylene resin pellets and co-products; payment is generally due 30 days after shipment, while products are sold when shipped or delivered as agreed.

FY2025 revenue

Who Are Their Customers?

PureCycle plans to sell to resin distributors, converters and compounders, as well as product makers in consumer goods, automotive, textile, carpet, and food and beverage markets. Current arrangements include offtake subscription agreements and letters of intent.

Do Revenues Turn Into Profits?

No. It lost $182.6M in FY2025.

Operating income, FY2025

−2172% of revenue

▲ +25% (Loss) vs FY2024 (−$145.4M)

Net income, FY2025

−2185% of revenue

▼ −37% (Loss) vs FY2024 (−$289.1M)

Free cash flow, FY2025

−2197% of revenue

▼ −8% (Loss) vs FY2024 (−$200.4M)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +173%; vs $1.7M in Q2 FY2025
Net income: ▼ −1% (Loss); vs −$144.2M in Q2 FY2025

Aug 6, 2026 PureCycle began commercial resin deliveries to P&G for detergent caps Select Downy detergent caps entered commercial production, and PureCycle announced six new commercial partnerships across closures, automotive, film and food packaging.

Compounding added The older report describes feed preparation and purification; the latest also includes compounding, blending resin with virgin resin or additives to meet end-user specifications.

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