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Side-by-side financial comparison of PURE CYCLE CORP (PCYO) and QUICKLOGIC Corp (QUIK). Click either name above to swap in a different company.
PURE CYCLE CORP is the larger business by last-quarter revenue ($9.1M vs $5.7M, roughly 1.6× QUICKLOGIC Corp). PURE CYCLE CORP runs the higher net margin — 50.0% vs -5.4%, a 55.3% gap on every dollar of revenue. On growth, PURE CYCLE CORP posted the faster year-over-year revenue change (58.8% vs -24.1%). Over the past eight quarters, PURE CYCLE CORP's revenue compounded faster (69.0% CAGR vs 17.2%).
Pure Cycles, is a bicycle company based in Los Angeles, California that was founded by Michael Fishman, Jordan Schau, Zachary Schau and Austin Stoffers in 2010, as Pure Fix Cycles.
QuickLogic Corp is a fabless semiconductor company developing low-power customizable FPGAs, embedded FPGA IP, and edge sensor processing solutions. Its offerings serve global wearables, IoT, mobile electronics, and industrial markets, enabling energy-efficient low-latency on-device processing for edge AI and sensing use cases.
PCYO vs QUIK — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2024
| Metric | | |
|---|---|---|
| Revenue | $9.1M | $5.7M |
| Net Profit | $4.6M | $-305.0K |
| Gross Margin | 68.4% | 62.7% |
| Operating Margin | 48.0% | 2.6% |
| Net Margin | 50.0% | -5.4% |
| Revenue YoY | 58.8% | -24.1% |
| Net Profit YoY | 16.0% | -114.9% |
| EPS (diluted) | $0.19 | $-0.02 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $9.1M | — | ||
| Q3 25 | $11.2M | — | ||
| Q2 25 | $5.1M | — | ||
| Q1 25 | $4.0M | — | ||
| Q4 24 | $5.8M | $5.7M | ||
| Q3 24 | $12.6M | $4.2M | ||
| Q2 24 | $7.6M | $4.1M | ||
| Q1 24 | $3.2M | $5.7M |
| Q4 25 | $4.6M | — | ||
| Q3 25 | $6.1M | — | ||
| Q2 25 | $2.3M | — | ||
| Q1 25 | $809.0K | — | ||
| Q4 24 | $3.9M | $-305.0K | ||
| Q3 24 | $6.6M | $-2.1M | ||
| Q2 24 | $2.8M | $-1.6M | ||
| Q1 24 | $118.0K | $108.0K |
| Q4 25 | 68.4% | — | ||
| Q3 25 | 67.7% | — | ||
| Q2 25 | 63.4% | — | ||
| Q1 25 | 38.2% | — | ||
| Q4 24 | 63.8% | 62.7% | ||
| Q3 24 | 77.8% | 59.1% | ||
| Q2 24 | 64.0% | 54.7% | ||
| Q1 24 | 55.6% | 67.1% |
| Q4 25 | 48.0% | — | ||
| Q3 25 | 53.1% | — | ||
| Q2 25 | 26.0% | — | ||
| Q1 25 | -33.2% | — | ||
| Q4 24 | 29.9% | 2.6% | ||
| Q3 24 | 62.0% | -38.1% | ||
| Q2 24 | 40.3% | -29.3% | ||
| Q1 24 | -11.5% | 2.3% |
| Q4 25 | 50.0% | — | ||
| Q3 25 | 54.5% | — | ||
| Q2 25 | 43.9% | — | ||
| Q1 25 | 20.3% | — | ||
| Q4 24 | 68.4% | -5.4% | ||
| Q3 24 | 52.6% | -49.8% | ||
| Q2 24 | 37.2% | -37.8% | ||
| Q1 24 | 3.7% | 1.9% |
| Q4 25 | $0.19 | — | ||
| Q3 25 | $0.26 | — | ||
| Q2 25 | $0.09 | — | ||
| Q1 25 | $0.03 | — | ||
| Q4 24 | $0.16 | $-0.02 | ||
| Q3 24 | $0.27 | $-0.14 | ||
| Q2 24 | $0.12 | $-0.11 | ||
| Q1 24 | $0.00 | $0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $17.1M | — |
| Total DebtLower is stronger | $8.0M | $3.1M |
| Stockholders' EquityBook value | $147.5M | $24.9M |
| Total Assets | $168.1M | $51.9M |
| Debt / EquityLower = less leverage | 0.05× | 0.12× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $17.1M | — | ||
| Q3 25 | $21.9M | — | ||
| Q2 25 | $14.4M | — | ||
| Q1 25 | $16.5M | — | ||
| Q4 24 | $19.0M | — | ||
| Q3 24 | $22.1M | — | ||
| Q2 24 | $20.5M | — | ||
| Q1 24 | $20.6M | — |
| Q4 25 | $8.0M | — | ||
| Q3 25 | $6.8M | — | ||
| Q2 25 | $6.9M | — | ||
| Q1 25 | $6.9M | — | ||
| Q4 24 | $6.9M | $3.1M | ||
| Q3 24 | $6.9M | $3.4M | ||
| Q2 24 | — | $1.2M | ||
| Q1 24 | — | $1.4M |
| Q4 25 | $147.5M | — | ||
| Q3 25 | $142.7M | — | ||
| Q2 25 | $136.7M | — | ||
| Q1 25 | $134.4M | — | ||
| Q4 24 | $133.6M | $24.9M | ||
| Q3 24 | $129.7M | $20.9M | ||
| Q2 24 | $123.2M | $21.8M | ||
| Q1 24 | $120.4M | $22.2M |
| Q4 25 | $168.1M | — | ||
| Q3 25 | $162.3M | — | ||
| Q2 25 | $151.7M | — | ||
| Q1 25 | $149.7M | — | ||
| Q4 24 | $149.7M | $51.9M | ||
| Q3 24 | $147.4M | $49.7M | ||
| Q2 24 | $140.4M | $47.5M | ||
| Q1 24 | $135.2M | $51.9M |
| Q4 25 | 0.05× | — | ||
| Q3 25 | 0.05× | — | ||
| Q2 25 | 0.05× | — | ||
| Q1 25 | 0.05× | — | ||
| Q4 24 | 0.05× | 0.12× | ||
| Q3 24 | 0.05× | 0.16× | ||
| Q2 24 | — | 0.06× | ||
| Q1 24 | — | 0.06× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-979.0K | $116.0K |
| Free Cash FlowOCF − Capex | — | $-1.2M |
| FCF MarginFCF / Revenue | — | -20.6% |
| Capex IntensityCapex / Revenue | — | 22.6% |
| Cash ConversionOCF / Net Profit | -0.21× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-5.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-979.0K | — | ||
| Q3 25 | $9.4M | — | ||
| Q2 25 | $-503.0K | — | ||
| Q1 25 | $-1.4M | — | ||
| Q4 24 | $5.7M | $116.0K | ||
| Q3 24 | $3.1M | $-16.0K | ||
| Q2 24 | $892.0K | $-220.0K | ||
| Q1 24 | $-457.0K | $147.0K |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $-1.2M | ||
| Q3 24 | — | $-83.0K | ||
| Q2 24 | — | $-4.2M | ||
| Q1 24 | — | $62.0K |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -20.6% | ||
| Q3 24 | — | -2.0% | ||
| Q2 24 | — | -102.2% | ||
| Q1 24 | — | 1.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 22.6% | ||
| Q3 24 | — | 1.6% | ||
| Q2 24 | — | 96.9% | ||
| Q1 24 | — | 1.5% |
| Q4 25 | -0.21× | — | ||
| Q3 25 | 1.53× | — | ||
| Q2 25 | -0.22× | — | ||
| Q1 25 | -1.70× | — | ||
| Q4 24 | 1.44× | — | ||
| Q3 24 | 0.47× | — | ||
| Q2 24 | 0.32× | — | ||
| Q1 24 | -3.87× | 1.36× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PCYO
| Construction | $6.5M | 71% |
| Water And Wastewater Resource Development Segment | $2.5M | 27% |
QUIK
| North America | $3.0M | 53% |
| Other | $2.7M | 47% |
