NASDAQ : SCWO
374Water Inc. — Financial statements
Industrials · Pollution & Treatment Controls · United States
Last price 2.49 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 44.12M
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Financial statements
374Water Inc. (SCWO) reported revenue of 1.89M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.89M | 215.04K | 445.44K | 743.95K | 3.02M | 48.10K |
| Cost of Revenue | 1.77M | 2.57M | 1.36M | 1.85M | 2.68M | |
| Gross Profit | 118.08K | -2.35M | -912.71K | -1.11M | 336.50K | 48.10K |
| Selling, General & Admin | 16.87M | 16.27M | 9.75M | 6.04M | 3.98M | 1.44M |
| Research & Development | 2.19M | 2.52M | 2.14M | 1.50M | 1.11M | 1.77M |
| Operating Expenses | 19.06M | 18.80M | 11.89M | 7.53M | 5.09M | 3.21M |
| Operating Income | -18.94M | -21.15M | -12.80M | -8.64M | -4.76M | -3.17M |
| Interest Expense | -144.19K | -41.21K | ||||
| Interest & Investment Income | 88.00K | 194.17K | 281.12K | 446.67K | 67.07K | 1.07K |
| Other Non Operating Income (Expenses) | 57.69K | 19.05K | 88.03K | 92.69K | -903.00 | 334.00 |
| Pretax Income | -19.96M | -20.98M | -12.43M | -8.10M | -4.69M | -3.16M |
| Net Income | -19.96M | -20.98M | -12.43M | -8.10M | -4.69M | -3.16M |
| Net Income to Common | -19.96M | -20.98M | -12.43M | -8.10M | -4.69M | -3.16M |
| Shares Outstanding (Basic) | 16.75M | 15.23M | 13.45M | 13.04M | 12.66M | 9.40M |
| Shares Outstanding (Diluted) | 16.75M | 15.23M | 13.45M | 13.04M | 12.66M | 9.40M |
| EPS (Basic) | -1.19 | -1.38 | -0.92 | -0.62 | -0.37 | -0.34 |
| EPS (Diluted) | -1.19 | -1.38 | -0.92 | -0.62 | -0.37 | -0.34 |
| Free Cash Flow | -11.25M | -16.22M | -11.14M | -9.14M | -5.09M | -1.84M |
| Free Cash Flow Per Share | -0.67 | -1.06 | -0.83 | -0.70 | -0.40 | -0.20 |
| Gross Margin | 6.25% | -204.90% | -148.97% | 11.16% | 100.00% | |
| Operating Margin | -1,002.23% | -9,834.15% | -2,874.26% | -1,161.75% | -157.72% | -6,582.14% |
| Profit Margin | -1,056.21% | -9,754.16% | -2,791.39% | -1,089.25% | -155.53% | -6,579.23% |
| Free Cash Flow Margin | -595.31% | -7,544.94% | -2,501.92% | -1,228.71% | -168.90% | -3,829.81% |
| EBITDA | -18.10M | -20.40M | -12.58M | -8.56M | -4.69M | -3.12M |
| EBITDA Margin | -155.48% | |||||
| D&A For EBITDA | 841.72K | 752.03K | 226.04K | 85.82K | 67.57K | 46.05K |
| EBIT | -18.94M | -21.15M | -12.80M | -8.64M | -4.76M | -3.17M |
| EBIT Margin | -157.72% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.78M | 3.20M | 10.65M | 10.45M | 4.05M | 11.13M |
| Short-Term Investments | 1.94M | |||||
| Cash & Short-Term Investments | 1.78M | 3.20M | 10.65M | 10.45M | 5.99M | 11.13M |
| Accounts Receivable | 2.21M | 760.00K | 2.06M | 1.56M | 918.16K | |
| Other Receivables | 185.39K | 26.58K | 43.89K | 39.75K | ||
| Receivables | 2.39M | 786.58K | 2.10M | 1.60M | 918.16K | |
| Inventory | 1.64M | 1.47M | 1.70M | 2.28M | 1.66M | |
| Prepaid Expenses | 205.61K | 395.81K | 431.41K | 581.09K | 153.46K | 218.47K |
| Total Current Assets | 6.01M | 5.85M | 14.89M | 14.90M | 8.72M | 11.35M |
| Property, Plant & Equipment | 6.05M | 4.41M | 3.26M | 230.97K | 143.08K | 959.00 |
| Other Intangible Assets | 906.54K | 943.22K | 1.02M | 988.03K | 1.05M | 1.06M |
| Other Long-Term Assets | 27.85K | 202.10K | 20.85K | |||
| Total Assets | 13.00M | 11.41M | 19.18M | 16.12M | 9.92M | 12.41M |
| Accounts Payable | 1.52M | 1.25M | 906.39K | 447.01K | 1.45M | 62.98K |
| Accrued Expenses | 165.14K | 80.00K | 570.00K | 125.28K | ||
| Short-Term Debt | 10.16K | 789.34K | ||||
| Current Portion of Long-Term Debt | 8.72K | 8.27K | ||||
| Current Portion of Leases | 224.05K | 119.69K | 101.32K | |||
| Current Unearned Revenue | 312.90K | 197.68K | 130.00K | 200.11K | ||
| Other Current Liabilities | 1.66M | 1.62M | 1.35M | 671.79K | 13.53K | 23.39K |
| Total Current Liabilities | 3.59M | 4.18M | 3.13M | 1.37M | 1.66M | 86.37K |
| Long-Term Debt | 2.77M | 34.88K | ||||
| Long-Term Leases | 1.10M | 431.68K | 551.38K | |||
| Long-Term Unearned Revenue | 2.55M | 30.00K | 30.00K | |||
| Total Liabilities | 10.01M | 4.68M | 3.71M | 1.37M | 1.66M | 86.37K |
| Common Stock | 1.77K | 1.72K | 1.44K | 13.27K | 12.67K | 12.53K |
| Additional Paid-In Capital | 60.19M | 56.66M | 43.86M | 30.68M | 16.11M | 15.47M |
| Retained Earnings | -57.20M | -49.94M | -28.39M | -15.95M | -7.85M | -3.16M |
| Comprehensive Income & Other | 2.47K | 2.47K | 2.47K | 2.47K | -19.30K | |
| Total Common Equity | 2.99M | 6.72M | 15.47M | 14.75M | 8.25M | 12.33M |
| Shareholders' Equity | 2.99M | 6.72M | 15.47M | 14.75M | 8.25M | 12.33M |
| Total Liabilities & Equity | 13.00M | 11.41M | 19.18M | 16.12M | 9.92M | 12.41M |
| Total Debt | 4.11M | 1.38M | 652.70K | |||
| Net Cash (Debt) | -2.34M | 1.81M | 10.00M | 10.45M | 5.99M | 11.13M |
| Net Cash Per Share | -0.14 | 0.12 | 0.74 | 0.80 | 0.47 | 1.18 |
| Filing Date Shares Outstanding | 17.72M | 17.44M | 14.46M | 13.27M | 12.73M | 12.67M |
| Total Common Shares Outstanding | 17.72M | 17.14M | 14.43M | 13.27M | 12.67M | 12.53M |
| Working Capital | 2.42M | 1.67M | 11.76M | 13.53M | 7.06M | 11.26M |
| Book Value Per Share | 0.17 | 0.39 | 1.07 | 1.11 | 0.65 | 0.98 |
| Tangible Book Value | 2.08M | 5.78M | 14.46M | 13.76M | 7.20M | 11.26M |
| Tangible Book Value Per Share | 0.12 | 0.34 | 1.00 | 1.04 | 0.57 | 0.90 |
| Machinery | 5.08M | 3.51M | 2.74M | 251.75K | 145.76K | |
| Construction In Progress | 923.97K | 1.18M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -19.96M | -20.98M | -12.43M | -8.10M | -4.69M | -3.16M |
| Depreciation & Amortization | 841.72K | 752.03K | 261.49K | 85.82K | 67.57K | 46.05K |
| Stock-Based Compensation | 4.72M | 3.84M | 1.60M | 996.38K | 610.74K | 204.22K |
| Other Operating Activities | 1.20M | 149.27K | 27.70K | 1.40M | ||
| Change in Accounts Receivable | 686.18K | 1.30M | -500.05K | -641.18K | -918.16K | 32.33K |
| Change in Inventory | 185.87K | 229.58K | -1.29M | -615.97K | -1.66M | |
| Change in Accounts Payable | 633.65K | 448.89K | 215.72K | -877.28K | 1.39M | -142.51K |
| Change in Unearned Revenue | 2.32M | 115.22K | 97.68K | -70.11K | 200.11K | |
| Change in Other Net Operating Assets | 331.54K | -183.05K | 1.44M | 190.88K | 55.15K | -216.26K |
| Operating Cash Flow | -9.00M | -14.33M | -10.59M | -9.03M | -4.95M | -1.84M |
| Capital Expenditures | -2.25M | -1.90M | -554.94K | -105.99K | -144.57K | -1.19K |
| Cash Acquisitions | 113.76K | |||||
| Sale (Purchase) of Intangibles | -98.60K | -5.72K | -52.29K | |||
| Investment in Securities | 1.96M | -1.96M | ||||
| Investing Cash Flow | -2.25M | -1.90M | -653.54K | 1.85M | -2.16M | 112.57K |
| Short-Term Debt Issued | 600.00K | |||||
| Total Debt Issued | 3.56M | 600.00K | ||||
| Short-Term Debt Repaid | -106.16K | -15.11K | ||||
| Long-Term Debt Repaid | -5.04K | |||||
| Total Debt Repaid | -947.46K | -111.20K | -15.11K | |||
| Net Debt Issued (Repaid) | 2.61M | 488.80K | -15.11K | |||
| Issuance of Common Stock | 9.32M | 9.34M | 12.35M | 13.58M | 25.05K | 6.29M |
| Repurchase of Common Stock | -84.22K | |||||
| Other Financing Activities | -1.05M | -1.05M | -902.26K | |||
| Financing Cash Flow | 10.88M | 8.77M | 11.45M | 13.58M | 25.05K | 12.79M |
| Foreign Exchange Rate Adjustments | 2.80K | -328.00 | ||||
| Net Cash Flow | -372.76K | -7.45M | 206.24K | 6.40M | -7.08M | 11.06M |
| Free Cash Flow | -11.25M | -16.22M | -11.14M | -9.14M | -5.09M | -1.84M |
| Free Cash Flow Margin | -595.31% | -7,544.94% | -2,501.92% | -1,228.71% | -168.90% | -3,829.81% |
| Free Cash Flow Per Share | -0.67 | -1.06 | -0.83 | -0.70 | -0.40 | -0.20 |
| Levered Free Cash Flow | -6.85M | -8.73M | -4.92M | -6.44M | -3.43M | -1.91M |
| Unlevered Free Cash Flow | -6.80M | -8.70M | -4.92M | -6.44M | -3.43M | -1.91M |
| Change in Working Capital | 4.16M | 1.91M | -44.31K | -2.01M | -937.01K | -326.44K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 43.59M | 34.53M | 97.58M | 188.39M | 362.31M | 350.03M |
| Enterprise Value | 45.92M | 34.99M | 95.62M | 175.59M | 353.91M | 343.18M |
| Last Close Price | 2.46 | 2.04 | 6.83 | 14.20 | 28.60 | 28.50 |
| PS Ratio | 23.06 | 160.56 | 219.06 | 253.22 | 120.15 | 7,277.14 |
| PB Ratio | 14.60 | 5.13 | 6.31 | 12.77 | 43.90 | 28.39 |
| P/TBV Ratio | 20.96 | 5.97 | 6.75 | 13.69 | 50.30 | 31.07 |
| EV/Sales Ratio | 24.30 | 162.71 | 214.66 | 236.02 | 117.36 | 7,134.78 |
| Debt / Equity Ratio | 1.38 | 0.21 | 0.04 | |||
| Net Debt / Equity Ratio | 0.78 | -0.27 | -0.65 | -0.71 | -0.73 | -0.90 |
| Net Debt / EBITDA Ratio | -0.13 | 0.09 | 0.80 | 1.22 | 1.28 | 3.57 |
| Net Debt / FCF Ratio | -0.21 | 0.11 | 0.90 | 1.14 | 1.18 | 6.04 |
| Asset Turnover | 0.15 | 0.01 | 0.03 | 0.06 | 0.27 | 0.01 |
| Inventory Turnover | 1.02 | 1.62 | 0.68 | 0.94 | ||
| Quick Ratio | 1.16 | 0.95 | 4.08 | 8.77 | 4.15 | 128.88 |
| Current Ratio | 1.67 | 1.40 | 4.76 | 10.85 | 5.25 | 131.41 |
| Return on Equity (ROE) | -335.45% | -188.97% | -82.28% | -70.46% | -45.58% | -51.30% |
| Return on Assets (ROA) | -93.39% | -86.42% | -45.33% | -41.49% | -26.62% | -31.62% |
| Return on Capital Employed (ROCE) | -201.40% | -292.80% | -79.70% | -58.60% | -57.60% | -25.70% |
| Earnings Yield | -48.45% | -60.75% | -12.74% | -4.30% | -1.29% | -0.90% |
| FCF Yield | -25.82% | -46.99% | -11.42% | -4.85% | -1.41% | -0.53% |
| Buyback Yield / Dilution | -19.19% | -13.25% | -3.16% | -2.94% | -34.72% | -50.62% |