Earnings ·
PureCycle Technologies reported second quarter 2026 financial results on August 6, 2026, with revenue of $4.5 million…
PCTBPPureCycle Technologies, Inc.
PureCycle Technologies reported second quarter 2026 financial results on August 6, 2026, with revenue of $4.5 million, a 173% year-over-year increase and sixth consecutive quarter of sequential growth. The company achieved net loss of $142.2 million compared to $144.2 million in the prior year period, while operating loss improved to $41.3 million from $45.6 million. Total liquidity strengthened to $236.9 million following a June capital raise that generated approximately $432.0 million in net proceeds from convertible senior notes and common stock offerings. Commercially, PureCycle began first Procter & Gamble commercial resin deliveries for Downy detergent caps and secured New Jersey Department of Environmental Protection approval for its PureFive resin as post-consumer recycled content. The Ironton facility turnaround was completed ahead of schedule and below budget, with on-site compounding now operating to meet specific customer specifications. PureCycle Technologies operates in the plastic recycling industry, utilizing patented dissolution technology to convert polypropylene waste into high-quality recycled resin.