PureCycle Tech

Q2 FY2026 EarningsQ2 FY26 results missed consensus across key top and bottom-line metrics, with revenue of $4.5M falling short of the $6.1M expected. Operating loss widened to $41.3M, missing the $40.4M EBIT consensus, driven by higher production costs and a planned maintenance turnaround at the Ironton facility. Diluted GAAP EPS of -$0.80 was significantly lower than the -$0.29 mean estimate, largely impacted by a $34.5M loss on debt extinguishment and $52.5M in non-cash warrant liability adjustments. While the company strengthened its liquidity through a $287.5M convertible note offering, high operational cash burn and dependence on Ironton's scale-up remain primary concerns.