SCWO Nasdaq Motors & Generators Financials FY2016βFY2025
374Water Inc. had $0.2M of revenue in fiscal 2025, down 51.7% on the year before. Over five years, revenue changed +19.9% a year on average.
Last close Β· Oct 23, 2026
$2.36
2.2%Hi! I read 374Water Inc.βs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
β51.7%
No. Sales fell 51.7% last year.
Does it make a profit?
β9,755.9%
No. It lost money last year.
Does profit turn into cash?
β7,546.2%
No. It spent more cash than it brought in.
How healthy are the accounts?
1 / 8
Weak. It passes 1 of 8 health tests.
How is the share priced?
β
No P/E: it made no profit over the last four quarters.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
In plain words: Every quarter, companies publish how much they sold and earned. These are the days 374Water Inc. did it, and the next one. Share prices often move a lot on those days.
Next results
November 11, 2026
Wednesday Β· in 17 days
No past results dates on file yet.
KIRA Β· 374Water Inc. had $0.2M of revenue in fiscal 2025, down 51.7% on the year before. Over five years, revenue changed +19.9% a year on average. Its operating margin was β9,835.9%, down 6,961.3Β pts: of every 100 in sales, about β9,836 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
KIRA Β· 374Water Inc. lost $21.0M in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was β$16.2M in fiscal 2025, β7,546.2% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
KIRA Β· No open-market insider trades in the last 12 months.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
β
$0.0M
No open-market insider trades in the last 12 months.
Can it carry its debts, and how well does it use its money?
Cash, debt and the ratios that show how comfortably 374Water Inc. can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $11.1M | $6.0M | $10.4M | $10.7M | $3.2M |
| Current ratio | 131.4x | 5.2x | 10.8x | 4.8x | 1.4x |
| Quick ratio | 131.4x | 4.2x | 9.2x | 4.2x | 1.0x |
| Total assets | $12.4M | $9.9M | $16.1M | $19.2M | $11.4M |
| Total liabilities | $0.1M | $1.7M | $1.4M | $3.7M | $4.7M |
| Shareholders' equity | $12.3M | $8.3M | $14.7M | $15.5M | $6.7M |
| Net debt (β = net cash) | β | β | β | β | β |
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
KIRA Β· 374Water Inc. passes 1 of 8 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β | β | β | β |
| F-score | β / 3 | 6 / 7 | 4 / 7 | 2 / 7 | 8 / 8 | 3 / 7 | 1 / 7 | 1 / 7 | 2 / 8 | 1 / 8 |
| Accruals ratio | 6.3% | 30.5% | β272.8% | β321.1% | β34.7% | β21.1% | 2.3% | 7.2% | β10.4% | β43.5% |
| Altman Z'' | β112.11 | β63.91 | β419.97 | β1,178.11 | 0.18 | 153.22 | 4.08 | 9.94 | β0.91 | β24.26 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $0.6M | $0.9M | $0.2M | $0.0M | $0.1M | $0.0M | $3.0M | $0.7M | $0.4M | $0.2M |
| Gross profit | β | β | β | β | $0.1M | $0.0M | $0.3M | β$1.1M | β$0.9M | β$2.4M |
| Research and development | $0.3M | $0.2M | $0.6M | $0.2M | $0.1M | $0.4M | $1.1M | $1.5M | $2.1M | $2.5M |
| Operating income | β$0.1M | $0.4M | β$0.7M | β$0.4M | β$0.0M | β$3.2M | β$4.8M | β$8.6M | β$12.8M | β$21.1M |
| Interest expense | $0.1M | $0.0M | $0.0M | $0.0M | $0.1M | β | β | β | β | β |
| Pretax income | β$0.1M | $0.4M | β$0.7M | β$0.5M | $0.0M | β$3.2M | β$4.7M | β$8.1M | β$12.4M | β$21.0M |
| Income tax | β | β | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Net income | β$0.1M | $0.4M | β$0.7M | β$0.5M | $0.0M | β$3.2M | β$4.7M | β$8.1M | β$12.4M | β$21.0M |
| Diluted EPS | $0.00 | $0.01 | β$0.02 | β$0.02 | $0.00 | $0.03 | β | β$0.06 | β$0.92 | β$1.38 |
| Diluted shares | 0.03B | 0.03B | 0.03B | 0.03B | 0.03B | β | β | 0.13B | 0.01B | 0.02B |
| Cash flow | ||||||||||
| Cash from operations | β$0.1M | $0.3M | $0.2M | β$0.3M | $0.1M | β$1.8M | β$4.9M | β$9.0M | β$10.6M | β$14.3M |
| Capital expenditure | β | β | β | β | $0.0M | $0.0M | $0.1M | $0.1M | $0.6M | $1.9M |
| Free cash flow | β | β | β | β | $0.1M | β$1.8M | β$5.1M | β$9.1M | β$11.1M | β$16.2M |
| Depreciation and amortization | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.1M | $0.1M | $0.2M | $0.8M |
| Stock-based compensation | $0.2M | $0.0M | $0.5M | $0.1M | $0.0M | $0.2M | $0.6M | $0.9M | $1.2M | $3.5M |
| Share buybacks | β | β | β | β | $0.3M | β | β | β | β | β |
| Dividends and buybacks | β | β | β | β | $0.3M | β | β | β | β | β |
| Balance sheet | ||||||||||
| Cash and short-term investments | $0.0M | $0.0M | $0.0M | $0.0M | $0.1M | $11.1M | $6.0M | $10.4M | $10.7M | $3.2M |
| Total debt | β | β | β | $0.1M | $0.1M | β | β | β | β | β |
| Finance lease liabilities | β | β | β | β | β | β | β | β | $0.0M | β |
| Current assets | $0.2M | $0.4M | $0.0M | $0.0M | $0.1M | $11.3M | $8.7M | $14.9M | $14.9M | $5.9M |
| Current liabilities | $0.5M | $0.2M | $0.0M | $0.1M | $0.1M | $0.1M | $1.7M | $1.4M | $3.1M | $4.2M |
| Inventory | β | β | β | β | β | $0.0M | $1.7M | $2.3M | $1.7M | $1.5M |
| Property and equipment, net | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.1M | $0.2M | $2.6M | $3.8M |
| Intangible assets | $0.1M | $0.1M | $0.1M | β | $0.0M | $1.1M | $1.1M | $1.0M | $1.0M | $0.9M |
| Total assets | $0.4M | $0.5M | $0.1M | $0.0M | $0.1M | $12.4M | $9.9M | $16.1M | $19.2M | $11.4M |
| Total liabilities | $0.5M | $0.2M | $0.0M | $0.4M | $0.1M | $0.1M | $1.7M | $1.4M | $3.7M | $4.7M |
| Preferred stock | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Shareholders' equity | β$0.1M | $0.3M | $0.1M | β$0.0M | $0.0M | $12.3M | $8.3M | $14.7M | $15.5M | $6.7M |
| Margins | ||||||||||
| Gross margin | β | β | β | β | 83.6% | 100.0% | 11.2% | β149.0% | β204.9% | β1,093.7% |
| Operating margin | β10.5% | 50.6% | β357.7% | β1,718.3% | β13.5% | β6,582.1% | β157.7% | β1,161.7% | β2,874.6% | β9,835.9% |
| EBITDA margin | β5.0% | 54.9% | β347.2% | β1,695.0% | β12.5% | β6,486.3% | β155.5% | β1,150.1% | β2,823.8% | β9,486.1% |
| Net margin | β21.1% | 47.4% | β357.2% | β2,145.4% | 46.5% | β6,579.2% | β155.5% | β1,089.2% | β2,791.7% | β9,755.9% |
| FCF margin | β | β | β | β | 74.8% | β3,829.9% | β168.9% | β1,228.6% | β2,502.2% | β7,546.2% |
| Returns | ||||||||||
| Return on capital | β | β | β | β610.1% | β31.9% | β | β | β | β | β |
| Return on capital employed | 43.6% | 163.7% | β1,044.5% | 648.4% | β104.5% | β25.7% | β57.6% | β58.6% | β79.7% | β292.8% |
| Return on equity | β | 659.7% | β413.5% | β3,514.7% | β | β51.3% | β45.6% | β70.5% | β82.3% | β189.0% |
| Return on assets | β34.1% | 92.8% | β221.6% | β726.7% | 57.0% | β50.6% | β42.0% | β62.2% | β70.4% | β137.1% |
| Return on tangible equity | β | 228.6% | β | β | 356.6% | β28.1% | β65.1% | β58.9% | β86.0% | β362.8% |
| Growth | ||||||||||
| Revenue growth | β | 45.1% | β77.7% | β87.4% | 260.8% | β44.5% | 6,169.2% | β75.3% | β40.1% | β51.7% |
| Net income growth | β | β | β267.9% | β | β | β7,952.6% | β | β | β | β |
| EPS growth | β | β | β300.0% | β | β | β | β | β | β | β |
| FCF growth | β | β | β | β | β | β2,942.9% | β | β | β | β |
| Share count change | β | 0.0% | 0.0% | 0.0% | β3.2% | β | β | β | β89.7% | 13.3% |
| Financial health | ||||||||||
| Debt / equity | β | β | β | β | 8.6x | β | β | β | β | β |
| Interest coverage | β1.0x | 15.5x | β971.4x | β12.4x | β0.1x | β | β | β | β | β |
| Current ratio | 0.5x | 1.7x | 0.7x | 0.4x | 1.1x | 131.4x | 5.2x | 10.8x | 4.8x | 1.4x |
| Quick ratio | 0.5x | 1.7x | 0.7x | 0.4x | 1.1x | 131.4x | 4.2x | 9.2x | 4.2x | 1.0x |
| Capital allocation | ||||||||||
| Capex / revenue | β | β | β | β | 0.0% | 2.5% | 4.8% | 14.2% | 124.6% | 882.9% |
| Stock comp / revenue | 35.4% | 0.0% | 252.8% | 333.3% | 0.3% | 424.5% | 20.3% | 124.4% | 272.9% | 1,649.6% |
| Payouts / FCF | β | β | β | β | 463.0% | β | β | β | β | β |
| Quality scores | ||||||||||
| Piotroski F-score | β | 6.0 | 4.0 | 2.0 | 8.0 | 3.0 | 1.0 | 1.0 | 2.0 | 1.0 |
| Altman Z'' | β112.1 | β63.9 | β420.0 | β1,178.1 | 0.2 | 153.2 | 4.1 | 9.9 | β0.9 | β24.3 |
| Accruals ratio | 6.3% | 30.5% | β272.8% | β321.1% | β34.7% | β21.1% | 2.3% | 7.2% | β10.4% | β43.5% |
Source: SEC EDGAR XBRL filings (CIK 0000933972). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
