PureCycle Technologies Q4 2025 Results and Update
- Produced 7.5 million pounds of PureFive\u00ae rPP in Q4 2025.
- Thailand project on track for 2027 completion; Antwerp construction expected by Q1 2027.
- Gen-2 design supports up to 500 million pounds capacity with costs below virgin polypropylene.
- Ended Q4 with $181.6 million in cash and marketable securities.
Operational Performance
In Q4 2025, PureCycle produced a record 7.5 million pounds of PureFive® recycled polypropylene. The Denver facility increased feedstock throughput by 44% with a new third shift, processing 14 million pounds. The Ironton CP2 compounding unit is expected to be complete by March 2026.
Commercial Developments
Q4 revenue reached $2.7 million, marking the fourth consecutive quarter of growth. PureCycle is shipping to 11 customers and anticipates further conversions by March 2026. The sales pipeline includes over 170 active opportunities.
Expansion Plans
The Thailand project is on track for 2027 completion, with construction expected to start in the second half of 2026. The Antwerp, Belgium project is progressing, with construction anticipated by Q1 2027 and completion by 2028.
Financial Overview
PureCycle ended Q4 with $181.6 million in cash and marketable securities. Core operations spending was approximately $8–9 million per month. The company repaid $20.3 million in equipment debt and retired $9.8 million in bonds.
Leadership Changes
Jaime Vasquez will retire as of March 1, 2026, with Donald Carpenter appointed as the new CFO. Two new directors, Dr. Siri Jirapongphan and Valerie Mars, have joined the board.
Source: PureCycle