Purecycle Technologies Holdings Corp

PureCycle Technologies reported second-quarter results for the period ended June 30, with revenue of $4.5 million, up roughly 173% from a year earlier and the sixth straight quarter of sequential growth. Select Downy detergent caps made with PureCycle's PureFive resin entered commercial production for Procter & Gamble during the quarter, the first branded product to reach store shelves, while select Tide caps are scheduled for retail production in the third quarter and Vicks ZzzQuil PURE Zzzs child-resistant lids are targeted for the fourth quarter of 2026. The company recorded seven customer conversions and six new commercial partnerships spanning closures, automotive, film, and food packaging, including Amcor, Motherson, and Innovia Films, and New Jersey's Department of Environmental Protection approved PureFive as post-consumer recycled content. PureCycle posted a net loss of $142.2 million for the quarter, adjusted EBITDA widened to a loss of $31.7 million from a loss of $27.8 million a year earlier, and PureFive production fell to 4.5 million pounds due to a planned turnaround, though output was still up about 32% from a year ago. The company closed the quarter with $236.9 million in total liquidity after issuing 19,854,000 new shares alongside $287.5 million of 4.75% convertible notes due 2032, and raised full-year 2026 project spending guidance to a range of $45 million to $50 million from the prior $39 million to $45 million.