374Water Inc.
SCWO Nasdaq· Motors & Generators
Last close · Oct 26, 2026
$2.36
KIRA · Stoqly’s AI analyst, in plain words
- 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 −9,835.9%, down 6,961.3 pts: of every 100 in sales, about −9,836 is left after running the business.
- 374Water Inc. lost $21.0M in fiscal 2025.
- Free cash flow was −$16.2M in fiscal 2025, −7,546.2% of revenue.
Market cap
$41.6M
P/E
—
Revenue
$0.2M
Net income
−$21.0M
Free cash flow
−$16.2M
Operating margin
−9,835.9%
374Water Inc. in 30 seconds · fiscal 2025
Are sales growing?
−51.7%
No. Sales fell 51.7% last year.
Does it make a profit?
−9,755.9%
No. It lost money last year.
Does profit turn into cash?
−7,546.2%
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?
—
No P/E: it made no profit over the last four quarters.
What 374Water Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 31, 2026
- Legal name
- 374Water Inc.
- CIK
- 0000933972
374Water Inc. · SCWO
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $0.0M | $3.0M | $0.7M | $0.4M | $0.2M |
| Revenue growth | −44.5% | 6,169.2% | −75.3% | −40.1% | −51.7% |
| Gross margin | 100.0% | 11.2% | −149.0% | −204.9% | −1,093.7% |
| Operating margin | −6,582.1% | −157.7% | −1,161.7% | −2,874.6% | −9,835.9% |
| Net income | −$3.2M | −$4.7M | −$8.1M | −$12.4M | −$21.0M |
| Net margin | −6,579.2% | −155.5% | −1,089.2% | −2,791.7% | −9,755.9% |
| Diluted EPS | $0.03 | — | −$0.06 | −$0.92 | −$1.38 |
| Cash | |||||
| Cash from operations | −$1.8M | −$4.9M | −$9.0M | −$10.6M | −$14.3M |
| Capital expenditure | $0.0M | $0.1M | $0.1M | $0.6M | $1.9M |
| Free cash flow | −$1.8M | −$5.1M | −$9.1M | −$11.1M | −$16.2M |
| FCF margin | −3,829.9% | −168.9% | −1,228.6% | −2,502.2% | −7,546.2% |
| Share count change | — | — | — | −89.7% | 13.3% |
| Debt and strength | |||||
| Cash and short-term investments | $11.1M | $6.0M | $10.4M | $10.7M | $3.2M |
| Shareholders' equity | $12.3M | $8.3M | $14.7M | $15.5M | $6.7M |
| Current ratio | 131.4x | 5.2x | 10.8x | 4.8x | 1.4x |
| Returns and quality | |||||
| Return on equity | −51.3% | −45.6% | −70.5% | −82.3% | −189.0% |
| Return on tangible equity | −28.1% | −65.1% | −58.9% | −86.0% | −362.8% |
| Piotroski F-score | 3 | 1 | 1 | 2 | 1 |
| Altman Z'' | 153.2 | 4.1 | 9.9 | −0.9 | −24.3 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
1 insider
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
374Water Inc. · SCWO
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $2.36 a share, the company is worth $41.6M.
Source: SEC EDGAR XBRL filings (CIK 0000933972). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.