Pure Cycle Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
Notes Tables
Notes Details

EARNINGS PER SHARE

EARNINGS PER SHARE

12 Months Ended

Aug. 31, 2024

EARNINGS PER SHARE

EARNINGS PER SHARE

NOTE 16 – EARNINGS PER SHARE

Certain outstanding options are excluded from the diluted earnings per share calculation because they are anti-dilutive (i.e., their assumed conversion into common stock would increase rather than decrease earnings per share). No options were excluded for the fiscal years ended August 31, 2024 and 2023.


	Year Ended
(In thousands, except share and per share amounts)	August 31, 2024		August 31, 2023
Net income	$	11,613	$	4,699

Basic weighted average common shares		24,083,001		24,031,068
Effect of dilutive securities		57,945		74,999
Weighted average shares applicable to diluted earnings per share		24,140,946		24,106,067

Earnings per share - basic	$	0.48	$	0.20
Earnings per share - diluted	$	0.48	$	0.19