PureCycle Technologies, Inc. filed its quarterly report on Form 10-Q for the period ended September 30, 2026, with the SEC on November 4, 2026, disclosing a net income of $6,868 thousand for the third quarter and a net loss of $168,792 thousand for the nine months ended September 30, 2026.

Key Highlights

  • Q3 2026 net income: The company reported net income of $6,868 thousand for the three months ended September 30, 2026, compared to a net loss of $28,370 thousand in the same quarter of 2025.
  • Nine-month net loss: For the nine months ended September 30, 2026, the company reported a net loss of $168,792 thousand, versus a net loss of $163,778 thousand for the same period in 2025.
  • Q3 revenues: Revenues for the three months ended September 30, 2026 were $2,349 thousand, compared to $2,430 thousand in Q3 2025; nine-month revenues were $10,988 thousand versus $5,660 thousand in the prior-year period.
  • Warrant fair value change: A change in the fair value of warrants contributed a gain of $58,553 thousand in Q3 2026, the primary driver of the quarterly net income figure.
  • Total assets: Total assets were $956,459 thousand as of September 30, 2026, up from $922,666 thousand as of December 31, 2025.
  • Accumulated deficit: The accumulated deficit stood at $984,733 thousand as of September 30, 2026, compared to $815,941 thousand as of December 31, 2025.
  • Shares outstanding: As of November 2, 2026, approximately 201,002,081 shares of common stock were outstanding.

PureCycle Technologies Q3 2026 Financial Results: Warrant Gains Drive Quarterly Income

According to the filing, PureCycle Technologies (NASDAQ:PCT) recorded net income of $6,868 thousand for the three months ended September 30, 2026, a shift from the net loss of $28,370 thousand reported in the comparable prior-year quarter. The company disclosed that this result was heavily influenced by a $58,553 thousand gain from the change in fair value of warrants, which more than offset an operating loss of $37,459 thousand for the quarter. Interest expense for Q3 2026 was $14,763 thousand, while interest income was $1,969 thousand.

For the nine months ended September 30, 2026, the company reported a net loss of $168,792 thousand, compared to a net loss of $163,778 thousand in the nine months ended September 30, 2025. The filing disclosed a loss on extinguishment of debt of $34,541 thousand recorded in the nine-month period, with no comparable figure in 2025. Nine-month revenues of $10,988 thousand were up from $5,660 thousand in the prior-year period, while cost of operations rose to $96,976 thousand from $81,246 thousand. Selling, general and administrative expenses declined to $30,366 thousand from $42,234 thousand over the same comparison.

On the balance sheet, total assets increased to $956,459 thousand as of September 30, 2026 from $922,666 thousand at December 31, 2025, the company reported. Property, plant and equipment, net, was $662,032 thousand. The company also reported a Series A Preferred Stock liability of $42,159 thousand in current liabilities as of September 30, 2026, compared to $29,606 thousand in noncurrent liabilities as of December 31, 2025. Series B Convertible Perpetual Preferred Stock, classified as mezzanine equity, was carried at $321,213 thousand, with 300 shares issued and outstanding as of September 30, 2026. During Q2 2026, the company disclosed the issuance of 19,854 thousand shares of common stock, raising $153,913 thousand in additional paid-in capital.

What Was Disclosed

PureCycle Technologies filed its Form 10-Q for the quarter ended September 30, 2026, disclosing a quarterly net income driven by warrant fair value gains, a nine-month net loss, rising revenues compared to the prior year, and an accumulated deficit of $984,733 thousand.