| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash and cash equivalents | 90,213 | 156,694 | 234,359 | 284,067 |
| Debt securities available for sale | 30,882 | 13,631 | NaN | NaN |
| Restricted cash - current | 508 | 1,984 | 3,582 | 4,612 |
| Accounts receivable, net | 3,825 | 2,007 | 1,595 | 2,126 |
| Inventory | 12,335 | 9,370 | 10,725 | 10,760 |
| Prepaid expenses and other current assets | 8,619 | 14,331 | 15,185 | 13,320 |
| Total current assets | 146,382 | 198,017 | 265,446 | 314,885 |
| Restricted cash - noncurrent | 9,395 | 9,356 | 9,312 | 9,265 |
| Operating lease right-of-use assets | 66,937 | 54,226 | 54,957 | 55,966 |
| Accumulated depreciation-Construction In Progress | NaN | 0 | NaN | NaN |
| Property, plant and equipment at cost | 751,490 | 741,593 | 732,621 | NaN |
| Less accumulated depreciation | 91,221 | 83,841 | 76,647 | NaN |
| Property, plant and equipment, net | 660,269 | 657,752 | 655,974 | 658,965 |
| Prepaid expenses and other noncurrent assets | 3,024 | 3,315 | 3,434 | 3,391 |
| Total assets | 886,007 | 922,666 | 989,123 | 1,042,472 |
| Accounts payable | 12,837 | 9,247 | 4,408 | 11,585 |
| Accrued expenses and other current liabilities | 42,357 | 42,815 | 23,494 | 23,874 |
| Accrued interest | 6,041 | 7,805 | 6,434 | 8,077 |
| Current portion of warrant liability | NaN | 13,682 | 60,235 | 77,964 |
| Current portion of warrant liability-Warrant | 13,327 | NaN | NaN | NaN |
| Current portion of long-term debt-Nonrelated Party | 3,426 | 6,446 | 10,289 | 12,068 |
| Current portion of long-term debt-Related Party | 7,570 | 7,570 | 13,540 | 13,540 |
| Total current liabilities | 85,558 | 87,565 | 118,400 | 147,108 |
| Deferred revenue | 5,000 | 5,000 | 5,000 | 5,000 |
| Long-term debt, less current portion-Nonrelated Party | 265,386 | 263,355 | 276,853 | 273,405 |
| Long-term debt, less current portion-Related Party | 87,886 | 86,343 | 78,405 | 76,542 |
| Warrant liability, less current portion | NaN | 45,149 | 62,258 | 68,810 |
| Warrant liability, less current portion-Warrant | 22,507 | NaN | NaN | NaN |
| Operating lease right-of-use liabilities | 64,635 | 52,350 | 53,055 | 53,939 |
| Series a preferred stock liability | NaN | 29,606 | 26,259 | 23,322 |
| Series a preferred stock liability-Series APreferred Stock | 33,308 | NaN | NaN | NaN |
| Other noncurrent liabilities | 4,299 | 2,710 | 1,370 | 1,417 |
| Total liabilities | 568,579 | 572,078 | 621,600 | 649,543 |
| Series b convertible perpetual preferred stock - 0.001 par value, 300 shares issued and outstanding as of march 31, 2026 and december 31, 2025, respectively | 310,004 | 304,701 | 299,304 | 294,058 |
| Common stock - 0.001 par value, 450,000 shares authorized 180,841 and 180,281 shares issued and outstanding as of march 31, 2026 and december 31, 2025, respectively | 181 | 180 | 180 | 180 |
| Additional paid-in capital | 857,200 | 861,953 | 865,444 | 867,706 |
| Accumulated other comprehensive loss | -575 | -305 | -251 | -231 |
| Accumulated deficit | -849,382 | -815,941 | -797,154 | -768,784 |
| Total stockholders' equity | 7,424 | 45,887 | 68,219 | 98,871 |
| Total liabilities, mezzanine equity, and stockholders' equity | 886,007 | 922,666 | 989,123 | 1,042,472 |
PureCycle Technologies, Inc. (PCT)
PureCycle Technologies, Inc. (PCT)