# PURE CYCLE CORP (PCYO) MD&A by fiscal year

Verbatim Item 7 Management's Discussion and Analysis sections from PURE CYCLE CORP's 10-K filings, one page per fiscal year. Extracted from SEC filings with the same bounded parser for every year. Filer text, not grepcent analysis or investment advice.

- [FY 2025 MD&A](/company/PCYO/mda/fy2025/): filed 2025-11-12; accession 0001104659-25-110312 (https://www.sec.gov/Archives/edgar/data/276720/000110465925110312/pcyo-20250831x10k.htm); latest 10-K
- [FY 2024 MD&A](/company/PCYO/mda/fy2024/): filed 2024-11-13; accession 0001558370-24-015541 (https://www.sec.gov/Archives/edgar/data/276720/000155837024015541/pcyo-20240831x10k.htm)
- [FY 2023 MD&A](/company/PCYO/mda/fy2023/): filed 2023-11-15; accession 0001558370-23-019110 (https://www.sec.gov/Archives/edgar/data/276720/000155837023019110/pcyo-20230831x10k.htm)
- [FY 2022 MD&A](/company/PCYO/mda/fy2022/): filed 2022-11-14; accession 0001558370-22-017799 (https://www.sec.gov/Archives/edgar/data/276720/000155837022017799/pcyo-20220831x10k.htm)
- [FY 2021 MD&A](/company/PCYO/mda/fy2021/): filed 2021-11-10; accession 0001558370-21-015383 (https://www.sec.gov/Archives/edgar/data/276720/000155837021015383/pcyo-20210831x10k.htm)

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