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374Water(NASDAQ) SCWO

Current Price$2.23
Market Cap$36.92MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2021)-71%
5 Year-90%
1 Year-20%
1 Month+0%
374Water last closing stock price
MetricPriceDate
Last closeUSD 2.112026-07-23
374Water stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-4.09%USD 2.202026-07-16
1 month+0%USD 2.112026-06-23
3 month-28.96%USD 2.972026-04-24
Year to date+3.43%USD 2.042025-12-31
1 year-20.08%USD 2.642025-07-23
3 year-88.34%USD 18.102023-07-24
5 year-89.5%USD 20.102021-07-23
Since inception-71.39%USD 7.202021-04-21

374Water Financials at a Glance

Market Cap

$36.92MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$223.09K

Net Income (TTM)

-$21.85M

EPS (TTM)

-$1.21

P/E Ratio

-1.75

Dividend

$0.00

Beta (Volatility)

1.18 (Average)

Price

$2.23

Volume

42

Open

$2.20

Previous Close

$2.11

Daily Range

$2.20 - $2.23

52-Week Range

$1.63 - $10.90

Estimated Earnings Date

Aug 12, 2026

SCWO News

No articles available.

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About 374Water

374Water helps cities and industries treat tough waste safely. Its systems turn hazardous waste into clean water and reusable materials. Utilities and factories use these solutions to manage pollution and meet regulations.

Waste Not, Want Not: Products and Services

  • AirSCWO Systems: Modular waste treatment units using high-pressure water oxidation; in 2025, service revenue grew by 869% compared to the prior year.
  • Waste Destruction Services: On-site and partner-facility waste processing for utilities and industry; in 2025, service revenue totaled $1,868,044, while total revenue was $215,037 due to negative equipment revenue from contract adjustments.
  • Pre- and Post-Treatment Solutions: Systems to prepare waste for treatment and recover byproducts; revenue not separately disclosed.
  • Laboratory & Testing Services: Waste treatability testing for clients; revenue not separately disclosed.
  • Operations & Maintenance: Full system operation, training, and support for customers; revenue not separately disclosed.

Scaling Up: Growth and Expansion Moves

  • Launched Waste Destruction Services hub at City of Orlando in 2025.
  • Deployed commercial AirSCWO system for Department of Defense demonstration in Detroit, 2025.
  • Signed agreements with Crystal Clean and City of Olathe, KS for system sales and services in 2025.
  • Expanded manufacturing at Iron Bridge Regional Water Reclamation Facility, Florida, in 2025.
  • Ongoing research to increase system capacity and enter new markets since 2024.

Why 374Water Stands Out

374Water’s technology destroys a wide range of hazardous wastes, including persistent chemicals. Its modular systems allow on-site treatment, reducing transport and emissions. The company holds several patents and partners with cities and industry leaders.

Five Things You Need to Know

  • 2025 revenue was $215,037, down 52% from 2024.
  • Service revenue grew 769% in 2025, while equipment revenue was negative.
  • Operating loss increased 65% to $21.1 million in 2025.
  • Four customers made up 84.5% of 2025 service revenue.
  • Cash and equivalents fell to $3.2 million by December 2025.

Bottom Line

374Water has developed modular waste treatment systems for challenging pollution problems. The company faces financial pressures but continues to expand its technology and partnerships.

AI Generated • Apr 16, 2026

Industry

Machinery

Sector

Industrials

Employees

27

CEO

Daniel T. Bogar, MBA

Website

www.374water.com

Headquarters

Morrisville, NC 27560, US

SCWO Financials

Key Financial Metrics (TTM)

Gross Margin

-2183.71%

Operating Margin

-9843.40%

Net Income Margin

-9793.39%

Return on Equity

-338.76%

Return on Capital

-266.02%

Return on Assets

-198.50%

Earnings Yield

-57.14%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$36.92MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

17.50M

Volume

42

Avg. Volume

64.56K

Financials (TTM)

Gross Profit

-$4.87M

Operating Income

-$21.96M

EBITDA

-$21.00M

Operating Cash Flow

-$13.34M

Capital Expenditure

-$1.95M

Free Cash Flow

-$15.29M

Cash & ST Invst.

$447.45K

Total Debt

$1.66M

374Water Performance Analysis

374Water annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 3,015,5216169.3%
20232023-12-31USD 743,952-75.3%
20242024-12-31USD 445,445-40.1%
20252025-12-31USD 215,037-51.7%
374Water sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-309.6%
Q32025-09-3027.8%
Q42025-12-31-321.4%
Q12026-03-31132.7%
374Water annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD -0.37998.8%
20232023-12-31USD -0.6267.9%
20242024-12-31USD -0.9248.7%
20252025-12-31USD -1.3849.0%
374Water sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30-23.1%
Q32025-09-306.3%
Q42025-12-31-83.3%
Q12026-03-3152.7%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$551.16K

+1.5%

Gross Profit

-$2.38M

-1822.6%

Gross Margin

-4.32%

N/A

Market Cap

$36.92MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$769.07K

N/A

Employees

48

N/A

Net Income

-$4.57M

-23.6%

EBITDA

-$4.35M

-23.1%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$447.45K

-93.5%

Total Debt

$1.66M

+164.0%

Accounts Receivable

$2.49M

+1.3%

Inventory

$1.77M

-5.5%

Long Term Debt

$1.37M

+162.3%

Short Term Debt

$287.68K

+172.2%

Return on Assets

-1.99%

N/A

Return on Invested Capital

-2.98%

N/A

Free Cash Flow

-$2.85M

+24.7%

Operating Cash Flow

-$2.51M

+28.2%

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Questions About SCWO

What is the current price of 374Water?

374Water is trading at $2.23 per share.

What is the 52-week range for 374Water?

Over the past 52 weeks, 374Water has traded between $1.63 and $10.90.

How much debt does 374Water have?

As of the most recent reporting period, 374Water reported total debt of $1.66M.

How much cash does 374Water have on hand?

374Water reported $447.45K in cash and cash equivalents in its most recent financial results.

What is 374Water’s dividend yield?

374Water does not currently have a dividend yield.

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