374Water Inc. (SCWO) Financial Statements
Industry: Motors & Generators
In fiscal 2025, 374Water reported revenue of $215,037, down 51.7% from $445,445 the year before. Net income was -$21.0M (a -9754.2% net margin), or -$1.38 per diluted share. Gross margin was -1093.5% and operating margin was -9834.2%. Operating activities generated -$14.3M of cash, leaving -$16.2M of free cash flow. At fiscal year end, 374Water held $11.4M in total assets against $4.7M in total liabilities.
Open the full interactive 374Water financials → Quarterly statements, key ratios, valuation history and price charts.
374Water Key Stats
| Share Price | $2.57 |
|---|---|
| Market Cap | $45.3M |
| Revenue YoY Growth | -51.7% |
| 52-Week Range | $1.76 – $6.70 |
| Shares Outstanding | 94.0 million (basic, 2021 Q4) |
374Water Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $40,000 | $48,100 | $3.0M | $743,952 | $445,445 | $215,037 |
| Cost of Goods Sold | — | — | — | — | $1.4M | — |
| Gross Profit | — | $48,100 | $336,501 | -$1.1M | -$912,707 | -$2.4M |
| Operating Income | -$398,365 | -$3.2M | -$4.8M | -$8.6M | -$12.8M | -$21.1M |
| Pre-Tax Income | -$533,660 | -$3.2M | -$4.7M | -$8.1M | -$12.4M | -$21.0M |
| Income Tax | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$533,660 | -$3.2M | -$4.7M | -$8.1M | -$12.4M | -$21.0M |
| Diluted EPS | -$0.10 | $0.30 | — | — | -$0.90 | -$1.38 |
374Water Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $760,417 | — | $551,155 | $2.3M |
| Net Income | -$4.3M | -$8.3M | -$4.6M | -$2.7M |
| Diluted EPS | $0.30 | -$0.55 | -$0.26 | $0.15 |
374Water Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $95,386 | — | $4.0M | $10.4M | $10.7M | — |
| Current Assets | $130,386 | $11.3M | $8.7M | $14.9M | $14.9M | $5.9M |
| Total Assets | $130,386 | $12.4M | $9.9M | $16.1M | $19.2M | $11.4M |
| Current Liabilities | $367,979 | $86,371 | $1.7M | $1.4M | $3.1M | $4.2M |
| Total Long-Term Debt | — | — | — | — | — | $43,149 |
| Total Liabilities | $592,366 | $86,371 | $1.7M | $1.4M | $3.7M | $4.7M |
| Shareholders' Equity | -$461,980 | $12.3M | $8.3M | $14.7M | $15.5M | $6.7M |
374Water Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$502,022 | -$1.8M | -$4.9M | -$9.0M | -$10.6M | -$14.3M |
| Cash From Investing | — | $28,345 | -$2.2M | $1.9M | -$653,544 | -$1.9M |
| Cash From Financing | $577,375 | $12.9M | $25,049 | $13.6M | $11.4M | $8.8M |
| Free Cash Flow | — | -$1.8M | -$5.1M | -$9.1M | -$11.1M | -$16.2M |
Figures from 374Water's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full 374Water financials page for every line item.
374Water Company Profile
| Ticker | SCWO |
|---|---|
| Exchange | Nasdaq |
| Industry | Motors & Generators |
| Headquarters | Durham, North Carolina |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0000933972 |
Frequently Asked Questions
What was 374Water's revenue in fiscal 2025?
374Water (SCWO) reported revenue of $215,037 for fiscal 2025.
What is 374Water's annual revenue history?
374Water's annual revenue by fiscal year: 2020: $40,000; 2021: $48,100; 2022: $3.0M; 2023: $743,952; 2024: $445,445; 2025: $215,037.
What was 374Water's net income in fiscal 2025?
374Water reported net income of -$21.0M for fiscal 2025.
What was 374Water's earnings per share (EPS) in fiscal 2025?
374Water's diluted EPS was -$1.38 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did 374Water generate in fiscal 2025?
374Water generated -$16.2M of free cash flow in fiscal 2025.
What was 374Water's revenue last quarter?
In its most recent reported quarter (2026 Q2), 374Water reported revenue of $2.3M.
How much debt does 374Water have?
374Water reported $43,149 of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of 374Water are outstanding?
374Water reported a weighted average of 94.0 million basic shares outstanding in 2021 Q4.
What is 374Water's market cap?
Based on its latest closing price, 374Water (SCWO) has a market capitalization of about $45.3M.
When does 374Water's fiscal year end?
374Water's fiscal year end, as registered with the SEC, is December 31.
Where is 374Water headquartered?
374Water lists its business address in Durham, North Carolina in its SEC filings.