Bullish & Foolish
Full PCT fundamentals All 466 on the Survival Watch

PCTPureCycle Technologies, Inc.

Is PureCycle Technologies struggling financially?

Yes, by its own account. PureCycle Technologies told the SEC on 26 Feb 2026, in Form 10-K, that there is substantial doubt about its ability to continue as a going concern.

Going concern disclosed Feb 2026

30/100

Fragile

Sector
Industrial/Cyclical
Market cap
$1.4B
Source filing
10-K 26 Feb 2026
Balance sheet
30 Jun 2026

Cash runway

  • 9months

    If the burn speeds up

    Empty by Mar 2027

  • 13months

    If it eases off

    Empty by Jul 2027

Both rows are the same reported burn flexed 15% either way, and neither assumes the company raises a cent.

Out of cashTwo years or more

The runway math

Cash and short-term investments

$165.2M

÷

Cash burned over the last 12 months

$183.6M

What PureCycle Technologies told the SEC

…raise and/or project financing. The Series B Convertible Perpetual Preferred Stock funding has led management to conclude that the previously disclosed substantial doubt about the Company's ability to continue as a going concern for a twelve-month period following the date that these financial statements were available to be issued is no longer present. Our current financial projections support our ability to…

PureCycle Technologies, Inc., Form 10-K, filed 26 Feb 2026.

Read the filing on SEC.gov

What this means

  • Not a bankruptcy filing, and not a prediction.
  • It is the company’s own statement, agreed with its auditor, that the doubt is material enough to disclose.
  • The runway is arithmetic on two reported numbers, not a forecast. Companies carry this language for years, raise money and keep going.

What else the numbers show

  • Cash burn is narrowing It is spending 48% less cash per year than it was, so the runway above is lengthening rather than shortening.

Other Industrial/Cyclical companies that filed the doubt