PureCycle Technologies reported third‑quarter 2025 results on November 6, 2025, posting revenue of $2.43 million and a diluted loss per share of $0.44, a 76 % miss against the consensus estimate of $0.25. The company’s net loss narrowed to $28.37 million from $90.64 million in the same quarter a year earlier, reflecting a 68 % reduction in operating expenses and a 30 % decline in raw‑material costs as the firm scaled its Ironton plant.
The revenue shortfall stemmed from lower-than‑expected demand in the consumer‑packaged goods segment, where the company’s recycled‑plastic resin was still in the early adoption phase. While the Ironton facility produced a record 7.2 million pounds of resin in Q3, only 2.4 million pounds were sold, indicating a lag between production capacity and market uptake. Cost inflation in logistics and a one‑time charge for restructuring the Denver facility contributed to the earnings miss.
Comparing to the prior year, PureCycle’s Q3 2024 revenue was zero and the diluted loss per share was $0.54, so the current quarter’s $0.44 loss represents a 18 % improvement. The net loss decline also reflects a 40 % reduction in capital‑expenditure commitments, as the company postponed the launch of its in‑house compounding line until the end of 2025.
Operational highlights include the Ironton plant reaching a new production record and the Denver plant ramping to 60 % capacity. Management noted that the company is on track to achieve corporate EBITDA breakeven by late Q4 2025 or early Q1 2026, citing improved operational leverage and a growing pipeline of brand‑owner contracts.
For the fourth quarter, PureCycle guided revenue of $15.3 million and a diluted loss per share of $0.20, a 60 % improvement over the Q3 loss. The company reiterated its expectation to reach EBITDA breakeven in the second half of the year, while maintaining a cash burn rate of $3.5 million per month. CEO Dustin Olson emphasized that the company’s focus remains on scaling production while managing cash flow.
Investor sentiment turned negative after the release, with analysts citing the significant earnings and revenue misses and concerns over continued cash burn. The market reaction underscored the importance of translating production gains into revenue and profitability for a company still in the growth phase.
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