374Water Inc. SCWO
374Water Inc. (the "Company", "374Water", "We", or "Our") is a cleantech and environmental services company developing supercritical water oxidation technology ("SCWO") for the destruction of organic waste streams within the municipal, federal, and industrial markets. 374Water offers our proprietary AirSCWO technology, which is designed to destroy and mineralize a broad spectrum of non-hazardous and hazardous organic wastes producing safe dischargeable water streams, safe mineral effluent, safe vent gas, and recoverable heat energy. Importantly, our AirSCWO system is designed to eliminate recalcitrant organic wastes without creating waste byproducts, as well as to simplify existing, complex waste processing and disposal practices. Our AirSCWO technology is designed to effectively convert solid and liquid wastes such as sewage sludge, biosolids, food waste, hazardous and non-hazardous waste, including ‘forever chemicals' (e.g., "per-and polyfluoroalkyl substances" or "PFAS") into inert and recoverable resources including water, minerals, and heat energy.
Valuation FY2026 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $215.0K | $445.4K | $744.0K | $3.0M | $48.1K | $86.6K | $24.0K | $190.1K | $852.4K |
| Cost of revenue | — | $2.6M | $1.4M | $1.9M | $2.7M | $0 | $14.2K | — | — | — |
| Gross profit | — | -$2.4M | -$912.7K | -$1.1M | $336.5K | $48.1K | $72.3K | — | — | — |
| R&D | — | $2.5M | $2.1M | $1.5M | $1.1M | $375.0K | $57.7K | $218.9K | $630.7K | $210.6K |
| SG&A | — | $5.2M | $2.8M | $2.7M | $1.6M | $1.1M | $17.5K | $217.5K | $239.4K | $210.5K |
| Total operating expenses | — | $18.8M | $11.9M | $7.5M | $5.1M | $3.2M | $84.0K | $436.4K | $870.1K | $421.1K |
| Operating income | — | -$21.1M | -$12.8M | -$8.6M | -$4.8M | -$3.2M | -$11.7K | -$412.4K | -$680.0K | $431.3K |
| Interest expense | — | — | — | — | — | — | $135.3K | $33.3K | $699 | $27.8K |
| Pre-tax income | — | -$21.0M | -$12.4M | -$8.1M | -$4.7M | -$3.2M | $40.3K | -$514.9K | -$679.1K | $404.4K |
| Income tax | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | — |
| Net income | — | -$21.0M | -$12.4M | -$8.1M | -$4.7M | -$3.2M | $40.3K | -$514.9K | -$679.1K | $404.4K |
| EPS, diluted | — | -1.38 | -0.92 | -0.06 | — | 0.03 | 0.00 | -0.02 | -0.02 | 0.01 |
| Shares, diluted (wtd. avg.) | — | 15.2M | 13.4M | 130.4M | — | 94.0M | 62.4M | — | — | — |
Balance sheet
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | — | $3.2M | $10.7M | $10.4M | $4.0M | $11.1M | $71.8K | $20.0K | $8.5K | $1.3K |
| Short-term investments | — | — | — | — | $1.9M | — | — | — | — | — |
| Receivables | — | $668.9K | $269.7K | $64.8K | $0 | — | — | — | — | $34.0K |
| Inventory | — | $1.5M | $1.7M | $2.3M | $1.7M | $0 | — | — | — | — |
| Total current assets | — | $5.9M | $14.9M | $14.9M | $8.7M | $11.3M | $103.1K | $37.5K | $29.3K | $414.0K |
| Property, plant and equipment | — | $3.8M | $2.6M | $231.0K | $143.1K | $959 | $403 | $0 | $634 | $8.2K |
| Other intangibles | — | $943.2K | $1.0M | $988.0K | $1.1M | $1.1M | $0 | — | $74.2K | $86.6K |
| Total assets | — | $11.4M | $19.2M | $16.1M | $9.9M | $12.4M | $103.8K | $37.5K | $104.2K | $508.8K |
| Accounts payable | — | $1.3M | $906.4K | $572.3K | $1.4M | $63.0K | $76.2K | $101.1K | $39.1K | $95.3K |
| Total current liabilities | — | $4.2M | $3.1M | $1.4M | $1.7M | $86.4K | $92.6K | $101.1K | $39.1K | $245.3K |
| Long-term debt | — | — | — | — | — | — | — | $306.3K | — | — |
| Total liabilities | — | $4.7M | $3.7M | $1.4M | $1.7M | $86.4K | $92.6K | $407.4K | $39.1K | $245.3K |
| Retained earnings | — | -$49.9M | -$28.4M | -$16.0M | -$7.8M | -$3.2M | $4.6K | -$12.6M | -$12.1M | -$11.4M |
| Total equity | — | $6.7M | $15.5M | $14.7M | $8.3M | $12.3M | $11.2K | -$35.7K | $65.0K | $263.5K |
Cash flow
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | — | -$14.3M | -$10.6M | -$9.0M | -$4.9M | -$1.8M | $64.8K | -$287.4K | $157.1K | $271.6K |
| Depreciation and amortisation | — | $678.7K | $156.0K | $18.1K | $2.4K | $2.4K | $0 | $5.6K | $20.0K | $36.4K |
| Stock-based compensation | — | $3.5M | $1.2M | $925.2K | $610.7K | $204.2K | $328 | $80.0K | $480.6K | — |
| Capital expenditure | — | $1.9M | $554.9K | $106.0K | $144.6K | $1.2K | $0 | — | — | — |
| Investing cash flow | — | -$1.9M | -$653.5K | $1.9M | -$2.2M | $28.3K | -$275 | — | — | — |
| Financing cash flow | — | $8.8M | $11.4M | $13.6M | $25.0K | $12.9M | $2.1K | $299.0K | -$150.0K | -$275.0K |
| Buybacks | — | — | — | — | — | — | $300.0K | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001654954-26-004179.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $852.4K | $190.1K | $24.0K | $86.6K | $48.1K | $3.0M | $744.0K | $445.4K | $215.0K | — |
| Gross profit | — | — | — | $72.3K | $48.1K | $336.5K | -$1.1M | -$912.7K | -$2.4M | — |
| Net income | $404.4K | -$679.1K | -$514.9K | $40.3K | -$3.2M | -$4.7M | -$8.1M | -$12.4M | -$21.0M | — |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Results announced Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Results announced Item 2.02
- Officer or director change Item 5.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Officer or director change Item 5.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Officer or director change Item 5.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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