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Research & education only — not financial advice. EDGAR is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates — see Disclosures. Do your own research.

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Home›Stocks›SCWO

SCWO

374Water Inc.

Next earnings Aug 10, 2026

Last earnings +3.2% on 2026-05-14

Avoid
$1.93
▼ -2.53%
$1.93▼ -50.51%
over 1Y
L $1.76EODHDH $7.00
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-2.5%
1W-9.4%
1M-31.1%
3M-34.8%
YTD-22.2%
1Y-50.5%
OverviewFinancialsValuationQualityTimelineFilings
Rating
Avoid
Quality
F
Valuation
Fair value
Filings
Flagged
Avoid
Conviction
Horizon
Medium (3–12mo)
Street · 7 analysts
Buy

Conservative balance sheet (liabilities/equity 0.70x); but revenue fell -51.7% YoY.

Revenue (FY2025) $215K · FY2025

374Water Inc. shows $215K in FY2025 revenue (-51.7% YoY), a -9754.2% net margin, and -311.9% ROE.

Financials · annual, by fiscal year

Line itemFY21FY22FY23FY24FY25
Revenue$48.1K$3.02M$744K$445K$215K
Gross profit$48.1K$337K-$1.11M-$913K-$2.35M
Operating income-$3.17M-$4.76M-$8.64M-$12.8M-$21.1M
Net income-$3.16M-$4.69M-$8.10M-$12.4M-$21.0M
Diluted EPS——-$0.06-$0.92-$1.38
Net margin-6579.2%-155.5%-1089.3%-2791.4%-9754.2%

Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.

Key statistics

Valuation

Enterprise value$30.8M
EV / EBITDA—
EV / Sales143.1
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield-62.3%
FCF yield-48.2%

Quality & risk

ROIC (est.)-237.6%
Free cash flow-$16.2M
Total debt$306K
Net cash$2.89M
Altman Z-Score-7.74 distress
Piotroski F-Score2/8

Capital returns

Buyback yield0.9%
Dividend yield (est.)—
Shareholder yield0.9%
Shares Δ YoY-87.9%

Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.

Disclosure timeline

SEC · 8-Ks + reports
Red flag in recent filings — restated periodic report (2026-04-30). Worth a closer look.
  1. 8-K Earnings results2026-05-14
  2. 10-Q Quarterly report2026-05-14
  3. 8-K Officer / director change2026-05-01
  4. 10-K/A Restated periodic report2026-04-30
  5. 8-K Reg FD disclosure2026-04-16
  6. 8-K Officer / director change2026-04-15
  7. 8-K Earnings results2026-03-31
  8. 10-K Annual report2026-03-31
  9. 8-K Earnings results2026-03-11

Recent filings

all on EDGAR ↗
4Period ending 2026-06-112026-06-15open ↗144Filing2026-06-11open ↗8-KPeriod ending 2026-05-142026-05-14open ↗10-QPeriod ending 2026-03-312026-05-14open ↗8-KPeriod ending 2026-04-272026-05-01open ↗10-K/APeriod ending 2025-12-312026-04-30open ↗SCHEDULE 13D/AFiling2026-04-30open ↗4Period ending 2026-04-302026-04-30open ↗8-KPeriod ending 2026-04-162026-04-16open ↗8-KPeriod ending 2026-04-102026-04-15open ↗8-KPeriod ending 2026-03-312026-03-31open ↗10-KPeriod ending 2025-12-312026-03-31open ↗

Quality score

F
ValueGrowthProfitHealthMom.
ValueF
GrowthF
ProfitabilityF
Financial healthC+
Momentum—
  • ✗Revenue growing year-over-year
  • ✗Profitable (positive net income)
  • ✗Net margin above 10%
  • ✗Return on equity above 15%
  • ✓Liabilities below 2× equity
Revenue
$215K
-51.7% YoY
Net margin
-9754.2%
ROE
-311.9%
P/E
—

SEC fundamentals · FY 2025

'21'22'23'24'25

■ revenue · ■ net income, by fiscal year

Revenue$215K-51.7%
Net income-$21.0M-68.7%
Gross profit-$2.35M-157.6%
Operating income-$21.1M-65.2%
Diluted EPS-$1.38-50.0%
Cash & equivalents$3.20M-70.0%
Total assets$11.4M-40.5%
Total liabilities$4.68M+26.2%
Stockholders' equity$6.72M-56.5%
Gross: -1093.5%Op.: -9834.2%L/E: 0.70x

Frequently asked

Is 374Water Inc. (SCWO) a buy?
SCWO currently carries a Avoid rating with 4/5 conviction, derived from its latest SEC filings. Conservative balance sheet (liabilities/equity 0.70x); but revenue fell -51.7% YoY.
What is 374Water Inc.'s quality score?
SCWO scores 29.823529411764703/100 (grade F) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.

Sources: SEC EDGAR (CIK 0000933972, latest 10-Q filed 2026-05-14) · EODHD · as of 6/26/2026, 4:38:03 PM.

Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.

Insider activity

Form 4 · SEC

Last 90 days: 0 open-market buys · 2 sales

2026-06-12-05:00
Meyers Brad Ian
Chief Operating Officer
Sell9.83K @ $2.33$22.9K
2026-06-11-05:00
Meyers Brad Ian
Chief Operating Officer
Sell9.00K @ $2.46$22.1K
2026-04-30
Nagar Yaacov
10% owner
Gift1.44M @ $2.48$3.57M
2025-12-16
Russell Kline
Chief Financial Officer
Buy20.0K @ $0.22$4.40K
2025-12-16
Jones Stephen J
Interim CEO
Buy450K @ $0.23$104K
2025-10-23
Nagar Yaacov
10% owner
Sell473K @ $0.43$205K
2025-10-22
Nagar Yaacov
10% owner
Sell61.0K @ $0.42$25.7K
2025-10-22
Nagar Yaacov
10% owner
Sell32.8K @ $0.42$13.8K
2025-10-21
Nagar Yaacov
10% owner
Sell284K @ $0.42$120K
2025-10-20
Nagar Yaacov
10% owner
Sell13.3K @ $0.42$5.61K
2025-10-17
Nagar Yaacov
10% owner
Sell132K @ $0.42$55.7K
2025-10-16
Nagar Yaacov
10% owner
Sell85.4K @ $0.51$43.8K

Earnings history

beat/miss · move
2026-05-14—▲ +3.15%8-K ↗
2026-03-31—▲ +3.27%8-K ↗
2026-03-11—▲ +8.33%8-K ↗
2025-11-12Miss -194.1% est▼ -5.26%8-K ↗
2025-08-12Miss -47.1% est▲ +8.33%8-K ↗
2025-05-15Miss -47.1% est▼ -6.67%8-K ↗

Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.

Recent news

market news →
374Water expands PFAS destruction hub at Orlando facilityBearish
finance.yahoo.com· 2026-06-09
374Water Destroys Over 99.9% of PFAS 'Forever Chemicals' in U.S. Military Destruction Demonstration ProjectBearish
finance.yahoo.com· 2026-04-30
PRISM MarketView Spotlights Eight Public Companies Driving the Clean Economy on Earth Day 2026Bullish
globenewswire.com· 2026-04-22
374Water targets growth in 2026 with scaled deployments of waste destruction technologyBearish
finance.yahoo.com· 2026-04-01
374Water secures Orlando approval to launch waste destruction services at Iron BridgeBearish
finance.yahoo.com· 2026-03-10
374Water names Daniel Bogar as chief executive officerBullish
finance.yahoo.com· 2026-02-24

Vs tracked universe

compare →

1043 tracked peers · median

EDGAR Score30 vs 67
Revenue growth-51.7% vs 7.1%
Net margin-9754.2% vs 10.5%
Return on equity-311.9% vs 12.3%
P/E— vs 25.5

News sentiment

EODHD · 2d
Bearish
-1.77
vs typical · 2 articles
↓ cooling

Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.