SCWO

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374Water Inc.

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Key Metrics

Previous Close: $2.49
52-Week Range: $1.75 – $10.90
Market Cap: $42.88M
P/E (TTM): —
EPS (TTM): -1.22
Dividend Yield: —

Advanced Metrics

Price/Book: 6.17
PEG Ratio: —
Return on Equity: -269.13%
Return on Assets: -101.72%
Gross Margin: 0.00%
Operating Margin: -834.30%
Profit Margin: 0.00%
Current Ratio: 1.42
Debt/Equity: 0.45
Total Debt: $1.66M
Free Cash Flow: $-9.92M
Revenue Growth: 1.50%
Earnings Growth: —
Enterprise Value: $44.95M

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
Revenue	$543.10K	$594.97K	$760.42K	-$1.68M	$551.15K
Cost of Revenue	$404.82K	$871.33K	$547.78K	$742.49K	$202.74K
Gross Profit	$138.28K	-$276.37K	$212.63K	-$2.43M	$348.41K
Research & Development	$533.59K	$531.17K	$755.94K	$703.82K	$449.83K
Selling, General & Admin	$3.39M	$3.83M	$3.82M	$5.23M	$4.50M
Operating Expenses	$3.92M	$4.36M	$4.57M	$5.94M	$4.95M
Operating Income	-$3.79M	-$4.64M	-$4.36M	-$8.36M	-$4.60M
EBITDA	-$3.53M	-$4.45M	-$4.16M	-$7.94M	-$4.35M
Pretax Income	-$3.70M	-$4.58M	-$4.35M	-$8.35M	-$4.57M
Income Tax	$0.00	$0.00	$0.00	$0.00	$0.00
Net Income	-$3.70M	-$4.58M	-$4.35M	-$8.35M	-$4.57M
Diluted EPS	-0.30	-0.30	-0.30	—	-0.26
Diluted Shares	14.46M	14.51M	15.15M	—	17.45M

SCWO Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$6.88M	$2.15M	$933.33K	$3.20M	$447.45K
Receivables	$2.48M	$3.26M	$2.97M	$786.58K	$2.49M
Inventory	$1.88M	$1.82M	$1.90M	$1.47M	$1.77M
Current Assets	$11.58M	$7.53M	$6.24M	$5.85M	$5.17M
Total Assets	$15.98M	$12.36M	$11.36M	$11.41M	$11.01M
Current Liabilities	$2.85M	$2.88M	$4.33M	$4.18M	$3.65M
Long-Term Debt	—	$36.60K	$37.73K	$34.88K	$661.54K
Total Debt	$628.91K	$650.63K	$1.22M	$1.22M	$1.57M
Total Liabilities	$3.40M	$3.44M	$4.87M	$4.68M	$7.35M
Retained Earnings	-$32.09M	-$36.67M	-$41.02M	-$49.94M	-$54.51M
Shareholders' Equity	$12.58M	$8.92M	$6.50M	$6.72M	$3.66M
Working Capital	$8.73M	$4.64M	$1.90M	$1.67M	$1.52M
Net Debt	—	—	—	—	$222.58K

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

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.