PureCycle Technologies Q2 Revenue Increases Sequentially.

PureCycle Technologies reported Q2 revenue that rose sequentially, but the exact figure was not provided. The company also announced a partnership with Emerald Carpets for closed-loop carpet production and raised $300 million in funding.

PureCycle Technologies, Inc. (PCT) has reported its second-quarter (Q2) financial results, indicating a sequential increase in revenue, although the exact figure was not provided in the recent earnings release. The company also announced a significant partnership with Emerald Carpets for closed-loop carpet production and secured $300 million in funding through the issuance of Series B convertible perpetual preferred stock [2].

In its Q2 update, PureCycle Technologies highlighted its progress in implementing growth plans following a successful $300 million capital raise in June. The company is expanding its operations with facilities in Thailand and Belgium, with plans to have an installed capacity of one billion pounds across the United States, Europe, and Asia by 2030 [2]. Additionally, PureCycle Technologies reported revenue of approximately $1.7 million in the second quarter of 2025, reflecting a sequential increase in its business activities [2].

The company's CEO, Dustin Olson, commented on the progress made during the second quarter, noting that the company is making significant strides in commercial trials and negotiations with various companies. PureCycle Technologies is developing a wide-ranging portfolio of PureFive Choice™ resin grades, including one-pellet solutions for food-grade film and injection-molded applications. The company has also made progress in partnerships with leading providers such as Emerald Carpets and Brückner Maschinenbau GmbH [2].

PureCycle Technologies' financial update includes the sale of $11.9 million of Southern Ohio Port Authority Exempt Facility Revenue Bonds, generating approximately $10.5 million in gross proceeds. The company has also raised $300 million from the issuance of Series B convertible perpetual preferred stock, further strengthening its financial position [2].

In summary, PureCycle Technologies' Q2 results demonstrate a sequential increase in revenue and significant progress in commercial partnerships and expansion plans. The company's strategic initiatives, including the partnership with Emerald Carpets and the $300 million funding raise, position it well for future growth opportunities.

References:
[1] https://www.nasdaq.com/articles/purecycle-technologies-inc-pct-reports-q2-loss-lags-revenue-estimates
[2] https://www.marketscreener.com/news/purecycle-technologies-second-quarter-2025-corporate-update-ce7c5edcd98bf02d