# 374Water Inc.: overview

SCWO · Nasdaq · CIK 933972 · [Technology](/sectors/technology.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/scwo.md) · [Financials](/companies/scwo/financials.md) · [Filings](/companies/scwo/filings.md) · [Insiders](/companies/scwo/insiders.md)

Latest reported revenue: [$2.3m](/filings/0001654954-26-007650.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 14, 2026 (XBRL us-gaap:Revenues, accession 0001654954-26-007650).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $k | [81.5](/filings/0001654954-25-012910.md) | [11.9 d](/filings/0001654954-26-003094.md) | [543](/filings/0001654954-26-004903.md) | [595](/filings/0001654954-26-007650.md) | [760](/filings/0001654954-25-012910.md) | [(1,683) d](/filings/0001654954-26-003094.md) | [551](/filings/0001654954-26-004903.md) | [2,262](/filings/0001654954-26-007650.md) |
| Gross margin | % | [48.0%](/filings/0001654954-25-012910.md) | [(5423.8%) d](/filings/0001654954-26-003094.md) | [25.5%](/filings/0001654954-26-004903.md) | [(46.5%)](/filings/0001654954-26-007650.md) | [28.0%](/filings/0001654954-25-012910.md) | [144.1% d](/filings/0001654954-26-003094.md) | [63.2%](/filings/0001654954-26-004903.md) | [87.7%](/filings/0001654954-26-007650.md) |
| Operating margin | % | [(3364.5%)](/filings/0001654954-25-012910.md) | [(40833.5%) d](/filings/0001654954-26-003094.md) | [(697.0%)](/filings/0001654954-26-004903.md) | [(779.5%)](/filings/0001654954-26-007650.md) | [(573.5%)](/filings/0001654954-25-012910.md) | [496.8% d](/filings/0001654954-26-003094.md) | [(834.3%)](/filings/0001654954-26-004903.md) | [(71.7%)](/filings/0001654954-26-007650.md) |
| Net margin | % | [(3315.5%)](/filings/0001654954-25-012910.md) | [(40279.3%) d](/filings/0001654954-26-003094.md) | [(681.0%)](/filings/0001654954-26-007650.md) | [(769.9%)](/filings/0001654954-26-007650.md) | [(571.9%)](/filings/0001654954-25-012910.md) | [495.8% d](/filings/0001654954-26-003094.md) | [(829.5%)](/filings/0001654954-26-007650.md) | [(119.2%)](/filings/0001654954-26-007650.md) |
| Diluted EPS | $ per share | [0.02](/filings/0001654954-25-012910.md) | not reported | [(0.26)](/filings/0001654954-26-004903.md) | [0.32](/filings/0001654954-26-007650.md) | [0.03](/filings/0001654954-25-012910.md) | not reported | [(0.26)](/filings/0001654954-26-004903.md) | [0.15](/filings/0001654954-26-007650.md) |
| Free cash flow | $k | [(2,593) d](/filings/0001654954-25-012910.md) | [(3,572) d](/filings/0001654954-26-003094.md) | [(3,792)](/filings/0001654954-26-004903.md) | [(4,142) d](/filings/0001654954-26-007650.md) | [(3,041) d](/filings/0001654954-25-012910.md) | [(5,249) d](/filings/0001654954-26-003094.md) | [(2,854)](/filings/0001654954-26-004903.md) | [(697) d](/filings/0001654954-26-007650.md) |

- Revenue. XBRL Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment; Capital expenditure: us-gaap:PaymentsToAcquireProductiveAssets. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [0.0](/filings/0001654954-23-003036.md) | [3.0](/filings/0001654954-24-003957.md) | [0.7](/filings/0001654954-25-003443.md) | [0.4](/filings/0001654954-26-003094.md) | [0.2](/filings/0001654954-26-003094.md) |
| Gross margin | % | [100.0%](/filings/0001654954-23-003036.md) | [11.2%](/filings/0001654954-24-003957.md) | [(149.0%)](/filings/0001654954-25-003443.md) | [(204.9%)](/filings/0001654954-26-003094.md) | [(1093.5%)](/filings/0001654954-26-003094.md) |
| Operating margin | % | [(6582.1%)](/filings/0001654954-23-003036.md) | [(157.7%)](/filings/0001654954-24-003957.md) | [(1161.8%)](/filings/0001654954-25-003443.md) | [(2874.3%)](/filings/0001654954-26-003094.md) | [(9834.2%)](/filings/0001654954-26-003094.md) |
| Net margin | % | [(6579.2%)](/filings/0001654954-23-003036.md) | [(155.5%)](/filings/0001654954-24-003957.md) | [(1089.3%)](/filings/0001654954-25-003443.md) | [(2791.4%)](/filings/0001654954-26-003094.md) | [(9754.2%)](/filings/0001654954-26-003094.md) |
| Diluted EPS | $ per share | [0.03](/filings/0001654954-22-002303.md) | not reported | [(0.06)](/filings/0001654954-25-003443.md) | [(0.92)](/filings/0001654954-26-003094.md) | [(1.38)](/filings/0001654954-26-003094.md) |
| Free cash flow | $m | [(1.8)](/filings/0001654954-23-003036.md) | [(5.1)](/filings/0001654954-24-003957.md) | [(9.1)](/filings/0001654954-25-003443.md) | [(11.1)](/filings/0001654954-26-003094.md) | [(16.2)](/filings/0001654954-26-003094.md) |

- Revenue. XBRL Revenue: us-gaap:Revenues.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:Revenues.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:Revenues.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareBasicAndDiluted; Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/scwo/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $613.3k | 322,788 |  | Unchanged |
| [CAPTRUST FINANCIAL ADVISORS](/funds/1512024.md) | 2026-06-30 | $392.8k | 206,738 |  | Unchanged |
| [HAMILTON LANE ADVISORS LLC](/funds/1573767.md) | 2026-06-30 | $304.4k | 160,228 |  | Unchanged |
| [D.A. DAVIDSON & CO.](/funds/1080107.md) | 2026-06-30 | $281.5k | 148,179 |  | Added +12,697 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $227.1k | 119,519 |  | Added +40,227 |
| [Icon Wealth Advisors, LLC](/funds/1963212.md) | 2026-06-30 | $205.9k | 108,361 |  | Unchanged |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $204.8k | 107,761 |  | Reduced −11,593 |
| [VANGUARD FIDUCIARY TRUST CO](/funds/933478.md) | 2026-06-30 | $133.2k | 70,104 |  | Added +21,646 |
| [RAYMOND JAMES FINANCIAL INC](/funds/720005.md) | 2026-06-30 | $111.0k | 58,428 |  | Added +19,405 |
| [Sigma Planning Corp](/funds/1449126.md) | 2026-06-30 | $105.6k | 55,553 |  | Added +3,200 |

## Recent filings

[All 364 filings](/companies/scwo/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-09-30 | 16:30 ET | [8-K](/filings/0001654954-26-008681.md) | 5.03 Amendment to articles or bylaws; 5.07 Shareholder vote results; 9.01 Financial statements and exhibits | 0001654954-26-008681 |
| 2026-08-25 | 17:24 ET | [DEF 14A](/filings/0001654954-26-007870.md) | Proxy statement, period 2026-08-25 | 0001654954-26-007870 |
| 2026-08-18 | 16:05 ET | [8-K](/filings/0001654954-26-007728.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001654954-26-007728 |
| 2026-08-14 | 16:07 ET | [10-Q](/filings/0001654954-26-007650.md) | Quarterly report, period 2026-06-30 | 0001654954-26-007650 |
| 2026-08-11 | 16:16 ET | [8-K](/filings/0001654954-26-007472.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001654954-26-007472 |
| 2026-07-08 | 16:30 ET | [8-K](/filings/0001654954-26-006548.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0001654954-26-006548 |
| 2026-05-14 | 16:52 ET | [8-K](/filings/0001654954-26-004906.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001654954-26-004906 |
| 2026-05-14 | 16:36 ET | [10-Q](/filings/0001654954-26-004903.md) | Quarterly report, period 2026-03-31 | 0001654954-26-004903 |
| 2026-05-01 | 17:02 ET | [8-K](/filings/0001654954-26-004297.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0001654954-26-004297 |
| 2026-04-30 | 17:17 ET | [10-K/A](/filings/0001654954-26-004179.md) | Annual report, amended, period 2025-12-31 | 0001654954-26-004179 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001654954-26-003094.md), filed Mar 31, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/5c6f227d-e786-438d-a32d-19f1d13c739f)

## About the filer

- CIK: 933972
- Tickers: SCWO
- Exchange: Nasdaq
- SIC code: 3621 Motors & Generators
- State of incorporation: DE
- Filer category: Non-accelerated filer<br>Smaller reporting company

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 29, 2026, 08:57 ET. No prices; not investment advice.
