Monitor upcoming capital raises or financing activities given the sharp decline in cash reserves and sustained losses; assess whether 2026 commercial deployments translate into meaningful revenue growth.
Price Chart
Executive Summary
374Water reported full-year 2025 financial results with revenue declining 52% year-over-year to $215,037 and a net loss widening to $20.98 million from $12.43 million in 2024. Cash reserves dropped from $10.65 million to $3.20 million, raising concerns about liquidity as the company continues to invest in R&D and commercial scaling.
Key Financial Metrics
Key Facts
- Revenue for 2025 was $215,037, down from $445,445 in 2024
- Net loss increased to $20.98 million in 2025 from $12.43 million in 2024
- Cash and cash equivalents fell to $3.20 million as of December 31, 2025, from $10.65 million a year prior
- Operating expenses rose 58% to $18.8 million due to higher compensation, G&A, and R&D costs
- Company highlighted new leadership, strategic priorities for 2026, and progress on AirSCWO technology deployment
Financial Impact
Revenue down 52%, net loss up 69%, cash reserves down 70% year-over-year
Risk Factors
- Liquidity risk due to declining cash balances and ongoing losses
- Execution risk in scaling commercial operations and achieving revenue growth
- Dilution risk if additional equity financing is required
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001654954-26-003100 |
| Document: scwo_8k.htm | 0001654954-26-003100 |
| Document: 0001654954-26-003100-index-headers.html | 0001654954-26-003100 |
| Document: 0001654954-26-003100-index.html | 0001654954-26-003100 |
| Document: 0001654954-26-003100.txt | 0001654954-26-003100 |
| 8-K Data (Synthetic) | 0001654954-26-003100 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 18, 2026 9w ago | 8-K | $2.49 $3.25 | ▲ +30.52% | ▲ +32.47% | $2.36 (−5.22%) |
Aug 11, 2026 10w ago | 424B5 | $2.32 $3.31 | ▼ −42.67% | ▼ −43.73% | $2.36 (−1.72%) |
May 14, 2026 23w ago | 8-K | $2.26 $2.31 | ▲ +2.21% | ▲ +0.09% | $2.36 (+4.42%) |
Apr 16, 2026 27w ago | 8-K | $3.29 $2.22 | ▼ −32.52% | ▼ −38.34% | $2.36 (−28.27%) |
Apr 15, 2026 27w ago | 8-K | $3.29 $2.22 | ▼ −32.52% | ▼ −38.34% | $2.36 (−28.27%) |
Mar 31, 2026 29w ago | 8-K | $2.89 $2.41 | ▲ +16.61% | ▲ +26.33% | $2.36 (+18.34%) |
Feb 24, 2026 34w ago | 8-K | $2.74 $3.50 | ▲ +27.74% | ▲ +32.97% | $2.36 (−13.87%) |
US Market Status
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