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374Water, Inc.(SCWO)Earnings, Financials & Key Ratios
SCWO•NASDAQ
$1.99
Price updated Jul 7, 2026
SectorIndustrialsIndustryEnvironmental ServicesSub-IndustryWaste Recycling and Conversion Technologies
About374Water, Inc. focuses on providing a technology that addresses environmental pollution challenges. It develops a waste stream treatment system based on supercritical water oxidation technology. The company's AirSCWO systems are used to treat various hazardous and non-hazardous waste streams. Its clients include channel partners, such as engineering-procurement and construction companies, technology integrators, waste service providers, operations service providers, and NGOs; and end-users, which include utilities, industrial manufacturing facilities, waste management and environmental remediation companies, agricultural companies, and governmental entities. The company is based in Durham, North Carolina.Show more
- Revenue$215K-51.7%
- EBITDA-$20M-62.2%
- Net Income-$21M-68.7%
- EPS (Diluted)-1.38-50.0%
- Gross Margin-1093.48%-433.7%
- EBITDA Margin-9484.43%-235.9%
- Operating Margin-9834.15%-242.1%
- Net Margin-9754.16%-249.4%
- ROE-188.97%-129.6%
SCWO Price & Volume
374Water, Inc. (SCWO) stock price & volume — 10-year historical chart
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Persistent Cash Burn Challenges AirSCWO Commercial Scaling
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Mixed
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Liquidity and commercialization failure
Key Thesis Takeaways
- 374Water faces a precarious financial outlook as its AirSCWO technology struggles to achieve consistent commercial traction, evidenced by erratic revenue patterns and deep structural margin deficits.
- The company's reliance on significant stock-based compensation and rising debt levels suggests a reliance on dilutive financing to sustain operations.
- Investors should monitor the firm's ability to bridge the gap between its $4.9 million investment in property, plant, and equipment and actual revenue generation to avoid further liquidity erosion.
Verdict Logic
Negative: The company's cash position of $447.5K against quarterly operating losses of $4.6 million in 2026Q1 indicates a severe risk of insolvency or significant shareholder dilution.
SCWO Growth Metrics
374Water, Inc. (SCWO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-8.62%
5 Years19.96%
3 Years-58.53%
TTM-66.86%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-54.86%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-38.83%
Return on Capital
10 Years-5978.3%
5 Years-87.5%
3 Years-113.33%
Last Year-181.69%
SCWO Recent Earnings
374Water, Inc. (SCWO) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 0/12 qtrs (0%)●Beat Revenue 1/12 qtrs (13%)
Q2 2026Latest
Mar 31, 2026Metric
Actual
Est
EPS
$0.48-380.0%
$0.10
Rev
$2M-115.9%
$11M
Q4 2025
Nov 12, 2025Metric
Actual
Est
EPS
$0.30-200.0%
$0.10
Rev
$760,417-92.8%
$11M
Q3 2025
Aug 12, 2025Metric
Actual
Est
EPS
$0.03-50.0%
$0.02
Rev
$594,967-88.6%
$5M
Q2 2025
May 15, 2025Metric
Actual
Est
EPS
$0.03-50.0%
$0.02
Rev
$543,100+443.1%
$100,000
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 31, 2026 | $0.48vs $0.10-380.0% | $2Mvs $11M-115.9% |
| Q4 2025 | Nov 12, 2025 | $0.30vs $0.10-200.0% | $760,417vs $11M-92.8% |
| Q3 2025 | Aug 12, 2025 | $0.03vs $0.02-50.0% | $594,967vs $5M-88.6% |
| Q2 2025 | May 15, 2025 | $0.03vs $0.02-50.0% | $543,100vs $100,000+443.1% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for 374Water, Inc. (SCWO)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $1.99 | $28.8M | -1.44 | -51.73% | -9754.16% | -188.97% | — | |
| $14.34 | $266.22M | -19.12 | 4.33% | -30.06% | -34.48% | — | |
| $28.67 | $458.73M | 25.15 | -1.41% | 13.5% | 7.67% | — | |
| $55.82 | $1.04B | 23.65 | 1.47% | 22.07% | 9.07% | — | |
| $30.51 | $439.71M | 21.95 | 3.37% | — | 8.89% | — | |
| $34.13 | $352.37M | 15.44 | 4.62% | 20.31% | 9.36% | — |
Compare SCWO vs Peers
374Water, Inc. (SCWO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
SCWO SEC Filings & Documents
374Water, Inc. (SCWO) SEC filings — annual & quarterly reports (10-K, 10-Q)
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SCWO Frequently Asked Questions
374Water, Inc. (SCWO) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is 374Water, Inc.'s revenue?
374Water, Inc. (SCWO) reported $0.2M in revenue for fiscal year 2025. This represents a 123% increase from $0.1M in 1996.
How fast is 374Water, Inc. growing?
374Water, Inc. (SCWO) saw revenue decline by 51.7% over the past year.
Is SCWO profitable?
374Water, Inc. (SCWO) reported a net loss of $21.8M for fiscal year 2025.
Dividend & Returns
What is SCWO's return on equity?
374Water, Inc. (SCWO) has a return on equity (ROE) of -189.0%. Negative ROE indicates the company is unprofitable.
What is 374Water, Inc.'s free cash flow?
374Water, Inc. (SCWO) had negative free cash flow of $15.3M in fiscal year 2025, likely due to heavy capital investments.