Saturday 17 October 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. In the quarter to June 2026, revenue grew 280.2%, EPS grew 50.0%, free cash flow grew 85.3% and total debt rose 7,480.3%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

2.43 0.06 −2.41%

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Market cap: $43.9M
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 Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.11

Total sells 0.05

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	2	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	1	—	—	—	—

Insider Ownership 43.43%

Capital & Financial Ratios $m

Market Cap 43.88

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

Fwd P/E —

P/S ratio 22.64

P/B ratio 14.33

Past 5Y EPS Growth —

This Y EPS Growth (48.70%)

Next Y EPS Growth 25.00%

Next Y revenue growth 25,295.35%

Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 31.51%

10-year low 10-year high

P/B against its own 10 years 44.72%

10-year low 10-year high

EV/Sales against its own 10 years 31.85%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

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%)

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.

EPS $

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

value withheld pending a data check

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	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
	High	3.00	2.00	1.80	9.40	9.50	28.50	66.80	51.70	19.90	10.90
People
People	Employees	1	1	1	1	1	7	23	26	27	48
	Revenue/emp, $m	0.59	0.85	0.19	0.02	0.09	0.01	0.13	0.03	0.02	0.00
Income, $m
Income, $m	Revenue	1	1	0	0	0	0	3	1	0	0
	Gross margin, %	100.00	100.00	100.00	100.00	83.49	100.00	11.16	(148.97)	(204.92)	(1,093.67)
	EBT	0	0	(1)	(1)	0	(3)	(5)	(8)	(12)	(21)
	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)
	Net income	0	0	(1)	(1)	0	(3)	(5)	(8)	(12)	(21)
	Depreciation	0	0	0	0	0	0	0	0	0	1
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
	Earnings	(0.04)	0.13	(0.21)	(0.16)	0.01	(0.34)	(0.40)	(0.60)	(0.90)	(1.38)
	Cash flow	0.05	0.09	0.05	(0.09)	0.01	(0.20)	(0.39)	(0.69)	(0.79)	(0.94)
	Capex	0.00	0.00	0.00	0.00	0.00	0.00	(0.02)	(0.01)	(0.05)	(0.12)
	Free cash flow	0.05	0.09	0.05	(0.09)	0.01	(0.20)	(0.41)	(0.70)	(0.84)	(1.07)
	Book value	(0.04)	0.08	0.02	(0.12)	0.00	1.31	0.65	1.13	1.15	0.44
	Shares, m	3	3	3	3	6	9	13	13	13	15
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
	P/S	7.02	4.84	8.35	119.06	515.99	3,118.84	121.80	262.84	205.28	144.45
	P/B	0.00	15.66	24.42	0.00	4,639.33	21.73	44.50	13.26	5.91	4.62
	EV/Sales	7.67	5.29	10.33	130.99	519.94	2,991.40	119.87	249.05	181.79	132.67
	EV/FCF	33.83	17.48	13.68	(10.44)	1,031.77	(139.49)	(70.25)	(20.26)	(7.17)	(1.75)
Cash, $m
Cash, $m	Operating cash flow	0	0	0	0	0	(2)	(5)	(9)	(11)	(14)
	Capex	—	—	—	—	0	0	0	0	(1)	(2)
	Free cash flow	0	0	0	0	0	(2)	(5)	(9)	(11)	(16)
Balance, $m
Balance, $m	Working capital	0	0	0	0	0	11	7	14	12	2
	Total debt	—	—	—	0	—	—	—	—	—	1
	Net debt	0	0	0	0	0	(11)	(6)	(10)	(11)	(3)
	Shareholders’ equity	0	0	0	0	0	12	8	15	15	7
Returns, %
Returns, %	ROA	(37.18)	92.75	(221.57)	(726.75)	57.04	(50.56)	(42.01)	(62.24)	(70.44)	(137.14)
	ROIC	0.00	102.81	(752.21)	0.00	0.00	(165.46)	(131.40)	(125.57)	(165.91)	(315.36)
	ROE	67.67	659.71	(413.46)	337.75	(22.48)	(51.30)	(45.58)	(70.46)	(82.29)	(188.97)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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.	$81.0M	— (loss-making)	78.0×	+4.54% (above 0%: growing)	n/m	+46.21% (above 0%: growing)	38.52%	(0.23%)	Compare
ZONE Zone Frontier Inc.	$60.6M	— (loss-making)	—	−0.40% (below 0%: shrinking)	n/m	−2,753.59% (below 0%: shrinking)	49.85%	(1,129.57%)	Compare
FTEK Fuel Tech, Inc.	$44.3M	— (loss-making)	— (loss-making)	+16.68% (above 0%: growing)	n/m	−1,603.51% (below 0%: shrinking)	41.25%	(24.13%)	Compare
SCWO 374Water Inc.	$43.9M	— (loss-making)	—	+280.17% (above 0%: growing)	n/m	+85.28% (above 0%: growing)	87.67%	(71.70%)
BCHT Birchtech Corp.	$31.8M	— (loss-making)	— (loss-making)	+16.50% (above 0%: growing)	n/m	−68.00% (below 0%: shrinking)	27.24%	(42.81%)	Compare
CLIR ClearSign Technologies Corporation	$16.7M	— (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.	$12.3M	— (loss-making)	— (loss-making)	−11.98% (below 0%: shrinking)	n/m	−99.23% (below 0%: shrinking)	8.38%	(53.44%)	Compare
TOMZ TOMI Environmental Solutions, Inc.	$12.2M	— (loss-making)	— (loss-making)	+117.91% (above 0%: growing)	n/m	−531.53% (below 0%: shrinking)	61.65%	(10.86%)	Compare
CLWT Euro Tech Holdings Company Limited	$10.7M	18.1×	—	−20.86% (below 0%: shrinking)	n/m	−164.72% (below 0%: shrinking)	18.83%	0.00%	Compare
Median of peers	$24.3M	—	—	+10.52%	—	−151.10%	39.62%	(33.47%)

All 18 Pollution & Treatment Controls stocks →

374Water Inc. (SCWO) key facts

Concern: 374Water Inc.’s revenue for fiscal 2025 (year ended December 2025) was $215,000.00, down 51.7% from fiscal 2024.
374Water Inc. (SCWO) is a Pollution & Treatment Controls company in the Industrials sector, listed on Nasdaq.
As of October 16, 2026, SCWO traded at $2.43, a market capitalization of $43.9 million.
Return on equity was −189.0% and debt-to-equity 0.93.
Its Piotroski F-score is 1 out of 9 and its Altman Z-score is −8.07 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.