374Water Inc. SCWO

3.01 (0.08) (2.59%) as of 25 Sep
Market cap
$54.8M
P/E
0.0×
Insider Buys alert about insiders buying in the last 12 month

Insider Decisions

Total buys 0.11
Total sells 1.76
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — 2 — — — — — — — — —
Sell 6 — — — — — — — 1 — — —
Insider Ownership 43.15%

Capital & Financial Ratios

Market Cap 54.75
Revenue 1.89
Net Income (19.96)
Free Cash Flow (11.25)
Net Debt 1.00
Current Ratio 1.67
Debt/Equity 0.93
P/E ratio 0.00
P/S ratio 28.04
P/B ratio 17.75
Past 5Y EPS Growth (41.65%)
This Y EPS Growth (48.70%)
Next Y EPS Growth 25.00%
Next 5Y EPS Growth —
in millions of $

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 10 11 3 2
Receivables 2 2 1 2
Inventory 2 2 1 2
Other — 0 0 —
15 15 6 6
2023 2024 2025 Q'26
Payables 1 1 1 2
ST’ Debt — — 1 —
Other 0 0 0 0
1 3 4 4
in millions of $

Compound Annual Growth

10y 5y 3y
Sales (8.63%) 19.95% (58.53%)
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value 0.00% 258.86% (6.60%)

Revenue

Mar Jun Sep Dec Year
’26 1 2 — — —
’25 1 1 1 — 0
’24 0 0 0 0 0
’23 1 0 0 — 1
’22 0 1 1 1 3
’21 — 0 0 0 0
’20 0 — 0 0 0
in millions of $ · fiscal quarters ending in the months shown
value withheld pending a data check

Operating Cash Flow

Mar Jun Sep Dec Year
’26 (3) 0 — — —
’25 (3) (4) (3) (4) (14)
’24 (3) (2) (3) (3) (11)
’23 (3) (2) (2) (2) (9)
’22 0 (1) (2) (2) (5)
’21 0 0 (1) (1) (2)
’20 0 0 0 0 0
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Mar Jun Sep Dec Year
’26 (3) (1) — — —
’25 (4) (5) (3) (5) (16)
’24 (3) (3) (3) (3) (11)
’23 (3) (2) (2) (2) (9)
’22 0 (1) (2) (2) (5)
’21 0 0 (1) (1) (2)
’20 0 0 0 0 0
in millions of $ · fiscal quarters ending in the months shown

EPS

Mar Jun Sep Dec Year
’26 (0.26) (0.15) — — —
’25 (0.30) (0.30) (0.30) (0.52) (1.38)
’24 (0.15) (0.20) (0.20) (0.30) (0.90)
’23 (0.10) (0.10) (0.10) (0.20) (0.60)
’22 (0.07) (0.10) (0.07) (0.13) (0.40)
’21 (0.01) (0.20) (0.06) (0.07) (0.34)
’20 (0.03) 0.00 0.01 0.02 0.01
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
0.50 0.10 0.10 0.50 0.80 1.60 17.60 9.70 6.70 1.60

Analyst estimates 2026–2028

Powerpack
Low Price
3.00 2.00 1.80 9.40 9.50 28.50 66.80 51.70 19.90 10.90
High Price
1 1 1 1 1 7 23 26 27 48
Employees
1 1 0 0 0 0 0 0 0 0
Revenue/Emp
1 1 0 0 0 0 3 1 0 0
Revenue
100.00% 100.00% 100.00% 100.00% 83.49% 100.00% 11.16% (148.97%) (204.92%) (1,093.67%)
Gross Margin
0 0 (1) (1) 0 (3) (5) (8) (12) (21)
EBT
(21.07%) 47.44% (357.23%) (2,145.42%) 46.54% (6,579.21%) (155.53%) (1,089.18%) (2,791.67%) (9,755.86%)
EBT Margin
0 0 (1) (1) 0 (3) (5) (8) (12) (21)
Net Income
0 0 0 0 0 0 0 0 0 1
Depreciation
0.19 0.27 0.06 0.01 0.01 0.01 0.24 0.06 0.03 0.01
Revenue/Sh
(0.04) 0.13 (0.21) (0.16) 0.01 (0.34) (0.40) (0.60) (0.90) (1.38)
Earnings/Sh
0.05 0.09 0.05 (0.09) 0.01 (0.20) (0.39) (0.69) (0.79) (0.94)
Cash Flow/Sh
0.00 0.00 0.00 0.00 0.00 0.00 (0.02) (0.01) (0.05) (0.12)
Capex/Sh
0.05 0.09 0.05 (0.09) 0.01 (0.20) (0.41) (0.70) (0.84) (1.07)
Free CF/Sh
(0.04) 0.08 0.02 (0.12) 0.00 1.31 0.65 1.13 1.15 0.44
Book Value/Sh
3 3 3 3 6 9 13 13 13 15
Shares
0.00 10.20 0.00 0.00 1,312.50 0.00 0.00 0.00 0.00 0.00
PE Ratio
7.02 4.84 8.35 119.06 515.99 3,118.84 121.80 262.84 205.28 144.45
PS Ratio
0.00 15.66 24.42 0.00 4,639.33 21.73 44.50 13.26 5.91 4.62
PB Ratio
7.67 5.29 10.33 130.99 519.94 2,991.40 119.87 249.05 181.79 132.67
EV/Sales
33.83 17.48 13.68 (10.44) 1,031.77 (139.49) (70.25) (20.26) (7.17) (1.75)
EV/FCF
0 0 0 0 0 (2) (5) (9) (11) (14)
Op' Cash Flow
— — — — 0 0 0 0 (1) (2)
Capex
0 0 0 0 0 (2) (5) (9) (11) (16)
FCF
0 0 0 0 0 11 7 14 12 2
Working Cap'
— — — 0 — — — — — 1
Total Debt
0 0 0 0 0 (11) (6) (10) (11) (3)
Net Debt
0 0 0 0 0 12 8 15 15 7
Sh' Equity
(37.18%) 92.75% (221.57%) (726.75%) 57.04% (50.56%) (42.01%) (62.24%) (70.44%) (137.14%)
ROA
0.00% 102.81% (752.21%) 0.00% 0.00% (165.46%) (131.40%) (125.57%) (165.91%) (315.36%)
ROIC
67.67% 659.71% (413.46%) 337.75% (22.48%) (51.30%) (45.58%) (70.46%) (82.29%) (188.97%)
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

374Water Inc. (SCWO) key facts

  • 374Water Inc. (SCWO) is a Pollution & Treatment Controls company in the Industrials sector, listed on Nasdaq.
  • As of September 25, 2026, SCWO traded at $3.01, a market capitalization of $54.8 million.
  • Return on equity was −189.0% and debt-to-equity 0.93.

Source: company filings (standardised) and stockrow calculations.

374Water Inc. (SCWO) Latest News

News by impact score

Fine-tune

22 Sep

4

374Water will present new AirSCWO destruction data for PFAS, 6PPD-Q, and other emerging contaminants at WEFTEC 2026 in New Orleans, backed by commercial-, bench-, and lab-scale results. Technical Solutions Manager David Garb will deliver a 30-minute talk, with a booth at the conference. Highlights include destruction/removal efficiency greater than 99.4% for every PFAS detected in a commercial-scale biosolids demonstration, reduction of 6PPD-Q from 18 µg/L to non-detect, and more than 99% COD reduction across mixed pharmaceutical waste streams. The data build on a US DoD project that destroyed over 99.9% of PFAS in aqueous firefighting foam, and support a federal procurement pathway with Arcadis for AirSCWO deployment. Sunny Viswanathan, VP of Solutions, says demand for permanent destruction is accelerating and WEFTEC provides the platform to demonstrate AirSCWO’s versatility. High destruction-efficiency data and a DoD-backed deployment pathway could significantly expand adoption of AirSCWO in federal and commercial markets.

4

374Water Inc. announced it will present new AirSCWO destruction data at WEFTEC 2026, highlighting its platform's ability to treat PFAS, tire-derived contaminant 6PPD-Q, and pharmaceutical waste across municipal biosolids and industrial streams. The 30-minute podium, delivered by David Garb, will show >99.4% PFAS destruction in biosolids, >99.99% DRE for 6PPD-Q (inlet 18 ug/L to non-detect), and >99% COD reduction in mixed pharmaceutical waste, with performance verified across bench to commercial scales and moderate operating adjustments. The work reinforces SCWO's distinction from incineration in reaction environment and emissions, and cites a federal procurement pathway via a collaboration with Arcadis, building on earlier DIU/ESTCP results showing >99.9% PFAS destruction in AFFF. 374Water positions AirSCWO as a versatile, permanent-waste destruction solution for municipal, federal, and industrial clients. Showcases broad, verifiable destruction efficiencies (PFAS >99.4%, 6PPD-q >99.99%, COD >99%) and a federal procurement pathway, boosting future deployments.

15 Sep

3

374Water Inc. completed its mobile AirSCWO campaign for the Minnesota PFAS project. Completion of the Minnesota PFAS campaign marks a completed project milestone in core technology deployment.

9 Sep

4

374Water Inc. (SCWO) is advancing expansion by centering operations and development on AirSCWO technology. Growth strategy announcement around core AirSCWO technology signals major positioning shift with potential to alter trajectory.

4

374Water Inc. revealed its plan to expand AirSCWO technology into a global waste destruction platform. Global scaling strategy for core AirSCWO technology represents major strategic move with potential to significantly alter company trajectory.

1 Sep

3

374Water Inc. returns to WEFTEC in New Orleans ushering in a new category of critical infrastructure. Trade show return with new category claim offers moderate visibility boost without altering core operations or financials.

25 Aug

3

374Water Inc. completed a three-phase PFAS destruction campaign in Minnesota. Campaign completion validates operational delivery of core PFAS destruction technology.

18 Aug

4

374Water Inc. scales its PFAS destruction technology while revenue climbs in Q2. Technology scaling and revenue growth indicate major operational progress likely to boost future performance.

4

374Water Inc. reported second quarter 2026 financial results with revenue increasing more than 280% year-over-year. Revenue growth above 280% year-over-year indicates significant positive shift in financial performance and market sentiment for 374Water Inc.

13 Aug

4

374Water Inc. advances AirSCWO technology toward commercial-scale federal deployment. Progress to commercial-scale federal deployment signals major contracts and revenue growth ahead.

4

374Water and Arcadis receive U.S. Department of Defense success memo that clears path for commercial-scale deployment of AirSCWO technology for PFAS destruction. DoD memo directly validates and accelerates 374Water's core AirSCWO technology toward commercial contracts and market adoption.

11 Aug

4

374Water reports higher preliminary Q2 revenue after achieving a key milestone in its sanitation district contract. Contract milestone and higher preliminary revenue signal improved financial trajectory and market positioning for 374Water.

3

374Water Inc. reported preliminary second quarter 2026 revenue of $2.2M and advanced commercial deployments across municipal and federal markets. Revenue report and deployment progress point to moderate effects on financial performance and market positioning.

30 Jul

3

374Water Inc. positions its advanced wastewater treatment technology as key amid US foodborne illness investigation. Highlighting role in foodborne illness response raises company profile in wastewater sector.

3

374Water Inc. (SCWO) highlights its AirSCWO supercritical water oxidation technology for PFAS and pathogen destruction, wastewater treatment, and improved water infrastructure. AirSCWO promotion targets PFAS destruction and wastewater markets that could moderately boost company positioning.

28 Jul

3

374Water completes Phase 2 of Minnesota AirSCWO pilot and begins next testing stage. Pilot phase completion advances technology validation for 374Water without immediate commercial revenue impact.

3

374Water Inc. completed Phase 2 of its Mobile AirSCWO System deployment in St. Cloud, Minnesota, and has begun Phase 3. Phase completion marks incremental deployment progress for 374Water's core technology.

23 Jul

4

374Water reports US Army validation of its AirSCWO technology for effective PFAS destruction. US Army validation of AirSCWO for PFAS destruction opens path to major contracts and adoption.

4

U.S. Army Corps of Engineers report confirms 374Water's AirSCWO technology destroys 99.9993% of PFAS in AFFF treatment. Army validation of near-total PFAS destruction enhances 374Water's technology credibility and opens defense sector opportunities.

16 Jul

4

374Water signs MOU with Arcadis to jointly pursue PFAS destruction contracts. MOU with Arcadis opens access to major PFAS contracts that can drive revenue growth and expand market reach.

4

374Water Inc. and Arcadis form strategic collaboration agreement to target multi-billion dollar PFAS destruction market and accelerate AirSCWO technology deployment. Strategic partnership targets major new market and accelerates core technology rollout with potential to significantly boost 374Water trajectory.

1 Jul

3

374Water Inc. added to Russell Microcap Index while establishing Waste Destruction Services Hub. Index inclusion boosts visibility and hub launch signals operational growth for 374Water.

30 Jun

3

374Water Inc. has completed the first phase of its mobile waste treatment pilot in Minnesota and is advancing to the next stage. Pilot phase completion signals measurable progress in commercial deployment of core waste treatment technology.

3

374Water completed Phase 1 of Mobile AirSCWO System deployment in St. Cloud, MN and began Phase 2 with strong early results. Phase completion and early results demonstrate operational progress for core technology but remain limited to single-site validation.

9 Jun

4

374Water expands PFAS destruction hub at Orlando facility to increase operational capacity. Hub expansion directly scales core PFAS destruction operations and revenue capacity.

4

374Water Inc. amended its Orlando license agreement to expand the partnership and build a full-scale PFAS waste destruction and manufacturing hub. Amended agreement enables construction of full-scale PFAS waste destruction and manufacturing hub.

2 Jun

4

374Water completed successful Factory Acceptance Test of its AirSCWO technology for Orange County Sanitation District to treat biosolids. Successful test with major sanitation district validates core technology and advances commercial deployment.

3

374Water completed factory testing of its waste-destruction system ahead of California deployment. Factory test completion advances the waste-destruction system toward California deployment and potential commercial revenue.

21 May

3

374Water gauged strong market interest in its PFAS destruction technology after a packed schedule of conferences throughout May. Conference-driven demand mapping for PFAS tech can lift near-term sales visibility and partnerships without yet shifting long-term fundamentals.

3

374Water Inc. shared conference participation updates and reaffirmed supportive market tailwinds for its operations and growth. Conference update with reaffirmed tailwinds points to moderately positive but non-transformative effects on operations and sentiment.

stockrow.com/SCWO · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com