PureCycle (PureCycle Technologies Inc.) reported FY 2025 revenue of USD 8.4 million, compared with no revenue in FY 2024, as the company remains in customer application trials that it expects to support future revenue growth. FY 2025 net loss was USD 182.6 million, with an operating loss of USD 181.4 million. Cost of operations rose 27.5% to USD 109.3 million, while selling, general and administrative expense increased 11.9% to USD 59.5 million; the company also recorded a USD 15.1 million write-down of long-lead equipment. Interest expense increased 13.4% to USD 64.4 million. PureCycle ended FY 2025 with cash and cash equivalents of USD 156.7 million and restricted cash of USD 11.3 million, and reported net cash used in operating activities of USD 142.7 million. The company highlighted funding actions during 2025 including USD 300.0 million of Series B Convertible Perpetual Preferred Stock issued in June, USD 33.0 million of gross proceeds from a February common stock private placement, and USD 36.9 million of net proceeds from sales of Series A Bonds. PureCycle also noted it has a USD 200.0 million revolving credit facility that was undrawn as of December 31, 2025 and expires September 30, 2027. On operations and growth, PureCycle said it plans new 130 million pound-per-year polypropylene recycling facilities in Thailand (expected operational in late 2027) and Belgium (projected operational in mid to late 2028), and a redesigned single-line Augusta, Georgia purification facility designed to produce 300 million pounds per year, with the expanded purification line planned to be operational by 2030. The company also said it received additional FDA Letters of No Objection during 2025 expanding process conditions under which its resin can be produced for food-contact applications, and it plans further submissions for additional feedstock sources and expanded conditions of use.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PureCycle Technologies Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-076801), on February 26, 2026, and is solely responsible for the information contained therein.
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