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AI brief of an SEC Form 8-K · PureCycle Technologies, Inc. (PCT)

PureCycle Q3 revenue fell to $2.3 million; net income of $6.9 million on warrant gain

Mixed Impact 4 of 5 earnings Written later

PureCycle reported third-quarter 2026 revenue of $2.3 million, down from $4.5 million in Q2 2026 and $2.4 million in Q3 2025, which the company attributed to operational issues and New Jersey program delays. Net income was $6.9 million only because of a $58.6 million non-cash gain on warrant fair value; the operating loss was $37.5 million, and the company also named director Fernando Musa Executive Chairman effective November 3, 2026.

Key points

  • Q3 2026 revenue was $2.3 million versus $4.5 million in Q2 2026 and $2.4 million in Q3 2025; the company cited operational issues and New Jersey delays.
  • Net income of $6.9 million included a $58.6 million non-cash gain on the change in fair value of warrants; operating loss was $37.5 million versus $38.9 million a year earlier.
  • Monthly operations spending was $7.8 million in Q3, below the previously guided $8.0 to $9.0 million range; 2026 project spend is now expected at about $51 million versus the earlier $45 to $50 million range.
  • Fernando Musa became Executive Chairman effective November 3, 2026; Dan Coombs stepped down as Chairman but remains a Board member.

The filing

CompanyPureCycle Technologies, Inc. (PCT)
Form8-K, current report
Filed with the SECNov 4, 2026, 4:05 PM ET
Accession number0001830033-26-000037

Items reported: 2.02 Results of Operations5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 04, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.