Friday 6 November 2026 Export SCWO’s income statement to Excel — free account

374Water Inc.

SCWO Industrials Pollution & Treatment Controls

374Water Inc.’s revenue for fiscal 2025 (year ended December 2025) was $215,000.00, down 51.7% from fiscal 2024.

Revenue: +280.2%
EPS: +50.0%
Free cash flow: +85.3%
Total debt: +7,480.3%

Quarter to June 2026, against a year earlier

Insider buying

2.44 0.09 −3.56%

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Market cap: $42.8M
P/E: 0.0×
Fwd P/E: —
Dividend yield: —
F-score: 1/9
Altman Z: −8.07
Beneish M: n/a
Dividend safety: n/a

Overview

Insider Decisions last twelve months

Bought, $m 0.11

Sold, $m 0.05

Trades a month
	Jan 26			Apr 26			Jul 26			Oct 26
Buy	2	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	1	—	—	—	—	—

Insider Ownership 43.66%

Capital & Financial Ratios $m

Size

Market Cap 42.83

Revenue ttm 1.89

Net income ttm (19.96)

Free cash flow ttm (11.25)

Net debt Q 1.00

Valuation

P/E 0.00

Forward P/E —

Price / sales 22.73

Forward P/S Powerpack

Price / FCF 0.00

Price / book 14.39

Financial health

Current ratio Q 1.67

Debt / equity Q 0.93

Interest coverage Q (18.04)

Growth

Revenue growth Q +280.17%

Operating income growth Q +65.03%

EPS, this year −48.70%

EPS, next year A +25.00%

Revenue, next year A +25,295.35%

EPS, past 5 yrs —

EPS, next 5 yrs A —

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 31.61%

10-year low 10-year high

P/B against its own 10 years 44.82%

10-year low 10-year high

EV/Sales against its own 10 years 31.98%

10-year low 10-year high

Dividends

Yield: —
Annual rate: —
Payout ratio: —

Assets vs Liabilities $m

	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

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%)

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.26)	(0.15)	—	—	—
’25	(0.26)	(0.32)	(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.

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	1	2	—	—	—
’25	1	1	1	(2)	0
’24	0	0	0	0	0
’23	1	0	0	0	1
’22	0	1	1	1	3
’21	—	0	0	0	0
’20	0	—	0	0	0

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	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

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	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

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM Jun ’26	Trend	10 yrs	2026e	2027e	2028e	Next 3/yr
													Ten-year view		Analyst estimates Powerpack
Income, $m
Income, $m	Revenue	1	1	0	0	0	0	3	1	0	0	2		(10.6%)	55	—	—	+25,295.3%
	Gross margin, %	100.00	100.00	100.00	100.00	83.49	100.00	11.16	(148.97)	(204.92)	(1,093.67)	6.25		(1,193.7) pt	Powerpack 374Water Inc.’s next three years, line by line Analysts expect revenue to grow 25,295.3% a year to 2028 — faster than the −10.6% of the last 9 years. See the consensus for every other line: earnings, margins, cash flow, valuation and returns. Unlock estimates Try Powerpack free for 7 days, then $99 / year ($8.25 a month). Cancel any time. Also in Powerpack: every quarter, Excel exports, API & MCP access. Compare plans
	EBT	0	0	(1)	(1)	0	(3)	(5)	(8)	(12)	(21)	(20)		+76.9%
	EBT margin, %	(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)	(1,056.18)		(9,734.8) pt
	Net income	0	0	(1)	(1)	0	(3)	(5)	(8)	(12)	(21)	(20)		+76.9%
Per share, $
Per share, $	Revenue	0.19	0.27	0.06	0.01	0.01	0.01	0.24	0.06	0.03	0.01	0.11		(24.9%)
	Earnings	(0.04)	0.13	(0.21)	(0.16)	0.01	(0.34)	(0.40)	(0.60)	(0.90)	(1.38)	(1.23)		+48.6%
	Cash flow	0.05	0.09	0.05	(0.09)	0.01	(0.20)	(0.39)	(0.69)	(0.79)	(0.94)	(0.51)		n/m
	Capex	0.00	0.00	0.00	0.00	0.00	0.00	(0.02)	(0.01)	(0.05)	(0.12)	(0.13)		n/m
	Free cash flow	0.05	0.09	0.05	(0.09)	0.01	(0.20)	(0.41)	(0.70)	(0.84)	(1.07)	(0.64)		n/m
	Book value	(0.04)	0.08	0.02	(0.12)	0.00	1.31	0.65	1.13	1.15	0.44	0.17		n/m
	Shares, m	3	3	3	3	6	9	13	13	13	15	16		+19.0%
Valuation, ×
Valuation, ×	P/E	0.00	10.20	0.00	0.00	1,312.50	0.00	0.00	0.00	0.00	0.00	0.00		132.3
	P/S	7.02	4.84	8.35	119.06	515.99	3,118.84	121.80	262.84	206.19	144.45	22.73		450.9
	P/B	0.00	15.66	24.42	0.00	4,639.33	21.73	44.50	13.26	5.94	4.62	14.39		476.9
	EV/Sales	7.67	5.29	10.33	130.99	519.94	2,991.40	119.87	249.05	182.69	132.67	23.59		435.0
	EV/FCF	33.83	17.48	13.68	(10.44)	1,031.77	(139.49)	(70.25)	(20.26)	(7.20)	(1.75)	(3.93)		84.7
Cash, $m
Cash, $m	Operating cash flow	0	0	0	0	0	(2)	(5)	(9)	(11)	(14)	(9)		n/m
	Capex	—	—	—	—	0	0	0	0	(1)	(2)	(2)		+475.8%
	Free cash flow	0	0	0	0	0	(2)	(5)	(9)	(11)	(16)	(11)		n/m
Balance, $m
Balance, $m	Working capital	0	0	0	0	0	11	7	14	12	2	2		n/m
	Net debt	0	0	0	0	0	(11)	(6)	(10)	(11)	(3)	1		+100.7%
	Shareholders’ equity	0	0	0	0	0	12	8	15	15	7	3		n/m
Returns, %
Returns, %	ROA	(37.18)	92.75	(221.57)	(726.75)	57.04	(50.56)	(42.01)	(62.24)	(70.44)	(137.14)	(157.47)		(100.0) pt
	ROIC	0.00	102.81	(752.21)	0.00	0.00	(165.46)	(131.40)	(125.57)	(165.91)	(315.36)	(297.16)		(315.4) pt
	ROE	67.67	659.71	(413.46)	337.75	(22.48)	(51.30)	(45.58)	(70.46)	(82.29)	(188.97)	(335.45)		(256.6) pt
People
People	Employees	1	1	1	1	1	7	23	26	27	48	—		+53.7%
	Revenue/emp, $m	0.59	0.85	0.19	0.02	0.09	0.01	0.13	0.03	0.02	0.00	—		(41.8%)

Negative figures in brackets.

estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
ARQ Arq, Inc.	$104.8M	— (loss-making)	— (loss-making)	+8.94% (above 0%: growing)	n/m	+106.38% (above 0%: growing)	39.70%	8.18%	Compare
SCWO 374Water Inc.	$42.8M	— (loss-making)	—	+280.17% (above 0%: growing)	n/m	+85.28% (above 0%: growing)	87.67%	(71.70%)
FTEK Fuel Tech, Inc.	$41.5M	— (loss-making)	— (loss-making)	+15.83% (above 0%: growing)	n/m	−159.84% (below 0%: shrinking)	45.01%	(6.03%)	Compare
BCHT Birchtech Corp.	$27.1M	— (loss-making)	— (loss-making)	+16.50% (above 0%: growing)	n/m	−68.00% (below 0%: shrinking)	27.24%	(42.81%)	Compare
TOMZ TOMI Environmental Solutions, Inc.	$17.8M	— (loss-making)	— (loss-making)	+117.91% (above 0%: growing)	n/m	−531.53% (below 0%: shrinking)	61.65%	(10.86%)	Compare
CLIR ClearSign Technologies Corporation	$15.7M	— (loss-making)	— (loss-making)	+321.05% (above 0%: growing)	n/m	−137.48% (below 0%: shrinking)	40.71%	(267.50%)	Compare
LIQT LiqTech International, Inc.	$9.9M	— (loss-making)	— (loss-making)	−11.98% (below 0%: shrinking)	n/m	−99.23% (below 0%: shrinking)	8.38%	(53.44%)	Compare
CLWT Euro Tech Holdings Company Limited	$8.8M	15.3×	—	−20.86% (below 0%: shrinking)	n/m	−164.72% (below 0%: shrinking)	18.83%	0.00%	Compare
RAIN Rain Enhancement Technologies Holdco, Inc.	$6.3M	— (loss-making)	—	—	n/m	−19.67% (below 0%: shrinking)	0.00%	0.00%	Compare
Median of peers	$16.7M	—	—	+15.83%	—	−118.35%	33.47%	(8.44%)

All 16 Pollution & Treatment Controls stocks →

Pay and ownership Proxy statement filed 25 August 2026

Ownership

Directors and executive officers, together 18.54%

Yaacov Nagar 18.06%

Marc Deshusses 12.74%

Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

374Water Inc. (SCWO) Latest News

29 Oct

Impact 4 · 9:53 AM · Proactive Investors

374Water says EPA PFAS strategy backs supercritical water oxidation

Impact 4 · 8:00 AM · ACCESS Newswire

374Water Publishes Updated Investor Presentation as EPA's First-Ever PFAS TECH Strategy Names Supercritical Water Oxidation

27 Oct

Impact 4 · 9:46 AM · Proactive Investors

374Water sees PFAS rules driving demand for permanent waste destruction

Impact 4 · 8:00 AM · ACCESS Newswire

As EPA PFAS Drinking Water Deadlines Approach, 374Water Positions Air-SCWO to Permanently Destroy Spent GAC and Ion Exchange Media

22 Sep

Impact 4 · 10:59 AM · Proactive Investors

374Water to present new PFAS destruction data at WEFTEC 2026

Impact 4 · 8:00 AM

374Water to Present New Supercritical Water Oxidation Destruction Data at WEFTEC 2026

15 Sep

Impact 3 · 10:08 AM · Proactive Investors

374Water wraps up mobile AirSCWO campaign for Minnesota PFAS project

9 Sep

Impact 4 · 8:48 AM · Proactive Investors

374Water outlines growth strategy around AirSCWO technology

Impact 4 · 8:00 AM

374Water Unveils Strategy to Scale AirSCWO into a Global Waste Destruction Platform

1 Sep

Impact 3 · 8:00 AM

374Water Returns to WEFTEC in New Orleans Ushering in New Category of Critical Infrastructure

25 Aug

Impact 3 · 9:23 AM · Proactive Investors

374Water completes three-phase PFAS destruction campaign in Minnesota

18 Aug

Impact 4 · 8:51 AM · Proactive Investors

374Water scales PFAS destruction technology as revenue climbs in Q2

Impact 4 · 8:00 AM

374Water Reports Second Quarter 2026 Financial Results; Revenue Increases More Than 280% Year-Over-Year

13 Aug

Impact 4 · 9:25 AM · Proactive Investors

374Water advances AirSCWO technology toward commercial-scale federal deployment

Impact 4 · 8:00 AM

374Water and Arcadis Team Receives U.S. Department of Defense Success Memo Opening Pathway for AirSCWO(TM) Technology for PFAS Destruction at Commercial Scale

11 Aug

Impact 4 · 9:13 AM · Proactive Investors

374Water says preliminary revenue higher in Q2 after key sanitation district contract milestone

Impact 3 · 8:00 AM

374Water Reports Preliminary Second Quarter 2026 Revenue of $2.2M and Advances Commercial Deployments Across Municipal and Federal Markets

30 Jul

Impact 3 · 9:02 AM · Proactive Investors

374Water highlights role of advanced wastewater treatment amid US foodborne illness investigation

Impact 3 · 8:00 AM

374Water Highlights Its Supercritical Water Oxidation Technology - AirSCWO - for PFAS and Pathogen Destruction, Wastewater Treatment, and Healthier Water Infrastructure

28 Jul

Impact 3 · 8:34 AM · Proactive Investors

374Water completes Phase 2 of Minnesota AirSCWO pilot, begins next testing stage

Impact 3 · 8:00 AM

374Water's Mobile AirSCWO System Completes Phase 2 of the St. Cloud, MN Mobile AirSCWO Deployment; Begins Phase 3

23 Jul

Impact 4 · 8:35 AM · Proactive Investors

374Water says US Army report validates AirSCWO technology for PFAS destruction

Impact 4 · 8:00 AM

U.S. Army Corps of Engineers Validates 374Water's AirSCWO(TM) Technology at 99.9993% PFAS Destruction in Report on AFFF Treatment

16 Jul

Impact 4 · 9:06 AM · Proactive Investors

374Water signs MOU with Arcadis to pursue PFAS destruction contracts

Impact 4 · 8:00 AM

374Water and Arcadis Execute Strategic Collaboration Agreement to Pursue Multi-Billion Dollar PFAS Destruction Market and Accelerate Deployment of AirSCWO

1 Jul

Impact 3 · 8:00 AM

374Water Added to Russell Microcap(R) Index as It Establishes it Waste Destruction Services Hub

30 Jun

Impact 3 · 9:11 AM · Proactive Investors

374Water completes first phase of Minnesota mobile waste treatment pilot, advances to next stage

Impact 3 · 8:00 AM

374Water's Mobile AirSCWO System Completes Phase 1 in St. Cloud, MN with Phase 2 Underway with Strong Early Results

9 Jun

Impact 4 · 9:38 AM · Proactive Investors

374Water expands PFAS destruction hub at Orlando facility

Impact 4 · 8:00 AM · ACCESS Newswire

374Water Expands Orlando Partnership with Amended License Agreement to Build Full-Scale PFAS Waste Destruction and Manufacturing Hub

374Water Inc.

Insider Decisions last twelve months

Capital & Financial Ratios $m

Valuation vs history

Dividends

Assets vs Liabilities $m

Compound Annual Growth %

EPS $

Revenue $m

Operating Cash Flow $m

Free Cash Flow $m

Target Price Range

Recommendation Rating

Ten years at a glance Fiscal years to December

374Water Inc. vs peers in Pollution & Treatment Controls (Q) = latest quarter vs a year earlier

Pay and ownership Proxy statement filed 25 August 2026

Ownership

374Water Inc. (SCWO) Latest News

29 Oct

27 Oct

22 Sep

15 Sep

9 Sep

1 Sep

25 Aug

18 Aug

13 Aug

11 Aug

30 Jul

28 Jul

23 Jul

16 Jul

1 Jul

30 Jun

9 Jun

Insider Decisions last twelve months

Capital & Financial Ratios $m

Valuation vs history

Dividends

Assets vs Liabilities $m

Compound Annual Growth %

EPS $

Revenue $m

Operating Cash Flow $m

Free Cash Flow $m

Target Price Range

Recommendation Rating

Ten years at a glance Fiscal years to December

374Water Inc. vs peers in Pollution & Treatment Controls (Q) = latest quarter vs a year earlier

Pay and ownership Proxy statement filed 25 August 2026

Ownership

374Water Inc. (SCWO) Latest News

29 Oct

27 Oct

22 Sep

15 Sep

9 Sep

1 Sep

25 Aug

18 Aug

13 Aug

11 Aug

30 Jul

28 Jul

23 Jul

16 Jul

1 Jul

30 Jun

9 Jun

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