SCWO

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374Water Inc.

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Key Metrics

Previous Close: $2.96
52-Week Range: $1.75 – $10.90
Market Cap: $54.57M
P/E (TTM): —
EPS (TTM): -1.19
Dividend Yield: 0.00%

Advanced Metrics

Price/Book: 18.22
PEG Ratio: —
Return on Equity: -335.45%
Return on Assets: -93.39%
Gross Margin: 6.25%
Operating Margin: -71.70%
Profit Margin: 0.00%
Current Ratio: 1.67
Debt/Equity: 1.38
Total Debt: $4.11M
Free Cash Flow: $-6.85M
Revenue Growth: 280.20%
Earnings Growth: —
Enterprise Value: $56.91M

SCWO Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$3.02M	$743.95K	$445.44K	$215.04K
Cost of Revenue	$2.68M	$1.85M	$1.36M	$2.57M
Gross Profit	$336.50K	-$1.11M	-$912.71K	-$2.35M
Research & Development	$1.11M	$1.50M	$2.14M	$2.52M
Selling, General & Admin	$3.98M	$6.04M	$9.75M	$16.27M
Operating Expenses	$5.09M	$7.53M	$11.89M	$18.80M
Operating Income	-$4.76M	-$8.64M	-$12.80M	-$21.15M
EBITDA	-$4.69M	-$8.56M	-$12.21M	-$20.18M
Pretax Income	-$4.69M	-$8.10M	-$12.43M	-$20.98M
Income Tax	$0.00	$0.00	$0.00	$0.00
Net Income	-$4.69M	-$8.10M	-$12.43M	-$20.98M
Diluted EPS	-0.40	-0.60	-0.90	-1.38
Diluted Shares	12.66M	13.04M	13.45M	15.23M

SCWO Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$4.05M	$10.45M	$10.65M	$3.20M
Receivables	$918.16K	$1.60M	$2.10M	$786.58K
Inventory	$1.66M	$2.28M	$1.70M	$1.47M
Current Assets	$8.72M	$14.90M	$14.89M	$5.85M
Total Assets	$9.92M	$16.12M	$19.18M	$11.41M
Current Liabilities	$1.66M	$1.37M	$3.13M	$4.18M
Long-Term Debt	—	—	—	$34.88K
Total Debt	—	$0.00	$652.70K	$1.22M
Total Liabilities	$1.66M	$1.37M	$3.71M	$4.68M
Retained Earnings	-$7.85M	-$15.95M	-$28.39M	-$49.94M
Shareholders' Equity	$8.25M	$14.75M	$15.47M	$6.72M
Working Capital	$7.06M	$13.53M	$11.76M	$1.67M

SCWO Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$4.95M	-$9.03M	-$10.59M	-$14.33M
Capital Expenditure	-$196.86K	-$111.72K	-$653.54K	-$1.90M
Free Cash Flow	-$5.15M	-$9.15M	-$11.24M	-$16.22M
Depreciation & Amortisation	$67.57K	$85.82K	$226.04K	$752.03K
Stock-Based Compensation	$610.74K	$925.18K	$1.22M	$3.55M
Investing Cash Flow	-$2.16M	$1.85M	-$653.54K	-$1.90M
Financing Cash Flow	$25.05K	$13.58M	$11.45M	$8.77M
Net Change in Cash	-$7.08M	$6.40M	$206.24K	-$7.45M

SCWO Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$543.10K	$594.97K	$760.42K	-$1.68M	$551.15K	$2.26M
Cost of Revenue	$404.82K	$871.33K	$547.78K	$742.49K	$202.74K	$279.07K
Gross Profit	$138.28K	-$276.37K	$212.63K	-$2.43M	$348.41K	$1.98M
Research & Development	$533.59K	$531.17K	$755.94K	$703.82K	$449.83K	$284.59K
Selling, General & Admin	$3.39M	$3.83M	$3.82M	$5.23M	$4.50M	$3.32M
Operating Expenses	$3.92M	$4.36M	$4.57M	$5.94M	$4.95M	$3.60M
Operating Income	-$3.79M	-$4.64M	-$4.36M	-$8.36M	-$4.60M	-$1.62M
EBITDA	-$3.53M	-$4.40M	-$4.16M	-$7.94M	-$4.35M	-$2.38M
Pretax Income	-$3.70M	-$4.58M	-$4.35M	-$8.35M	-$4.57M	-$2.70M
Income Tax	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Net Income	-$3.70M	-$4.58M	-$4.35M	-$8.35M	-$4.57M	-$2.70M
Diluted EPS	-0.30	-0.32	-0.30	—	-0.26	-0.15
Diluted Shares	14.46M	14.51M	15.15M	—	17.45M	17.61M

SCWO Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$6.88M	$2.15M	$933.33K	$3.20M	$447.45K	$1.78M
Receivables	$2.48M	$3.26M	$2.97M	$786.58K	$2.49M	$2.39M
Inventory	$1.88M	$1.82M	$1.90M	$1.47M	$1.77M	$1.64M
Current Assets	$11.58M	$7.53M	$6.24M	$5.85M	$5.17M	$6.01M
Total Assets	$15.98M	$12.36M	$11.36M	$11.41M	$11.01M	$13.00M
Current Liabilities	$2.85M	$2.88M	$4.33M	$4.18M	$3.65M	$3.59M
Long-Term Debt	—	$36.60K	$37.73K	$34.88K	$661.54K	$2.77M
Total Debt	$628.91K	$650.63K	$1.22M	$1.22M	$1.57M	$4.10M
Total Liabilities	$3.40M	$3.44M	$4.87M	$4.68M	$7.35M	$10.01M
Retained Earnings	-$32.09M	-$36.67M	-$41.02M	-$49.94M	-$54.51M	-$57.20M
Shareholders' Equity	—	$8.92M	$6.50M	$6.72M	$3.66M	$2.99M
Working Capital	$8.73M	$4.64M	$1.90M	$1.67M	$1.52M	$2.42M
Net Debt	—	—	—	—	$222.58K	$1.01M

SCWO Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	-$3.49M	-$4.13M	-$2.58M	-$4.12M	-$2.51M	$210.97K
Capital Expenditure	-$297.32K	-$604.50K	-$456.97K	-$539.42K	-$345.95K	-$907.49K
Free Cash Flow	-$3.79M	-$4.73M	-$3.04M	-$4.66M	-$2.85M	-$696.53K
Depreciation & Amortisation	$164.00K	$185.37K	$196.25K	$206.40K	$209.31K	$229.75K
Stock-Based Compensation	$709.46K	$549.08K	$814.02K	$1.47M	$1.33M	$609.92K
Investing Cash Flow	-$297.32K	-$604.50K	-$456.97K	-$539.42K	-$345.95K	-$907.49K
Financing Cash Flow	$24.00K	-$3.74K	$1.83M	$6.93M	$103.06K	$2.03M
Net Change in Cash	-$3.77M	-$4.73M	-$1.22M	$2.27M	-$2.75M	$1.33M

Market Snapshot

About

374Water Inc. is a cleantech company developing and commercializing supercritical water oxidation technology for waste treatment. The company technology converts organic waste into clean water, mineral solids, and energy while eliminating harmful pollutants and pathogens.