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Companies / Technology / 374Water Inc.
SCWO

374Water Inc.

TechnologyElectronic Equipment
Ticker SCWODURHAM, NCFiscal year ends DecemberBook value per share $0.17Diluted shares 17.5M

374Water Inc. (NASDAQ: SCWO) develops and commercializes supercritical water oxidation technology for the destruction of organic waste streams across municipal, federal, and industrial markets. The company's proprietary AirSCWO technology harnesses the unique properties of water in its supercritical phase to oxidize… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$0.22M
−51.7% year over year
Last 12 mo $1.89M
-9834.15%
−6959.9 percentage points
Last 12 mo -1002.23%
$-20.98M
−68.7% year over year
Last 12 mo $-19.96M
-311.90%
−231.6 percentage points
Last 12 mo -668.54%
Cash & financing
$-14.33M
−35.3% year over year
Last 12 mo $-9.00M
$-16.22M
−45.6% year over year
Last 12 mo $-11.25M
0.12
Last 12 mo 0.94
15.2M
−88.7% year over year
Last 12 mo 17.5M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What 374Water Inc. does

In the company’s own words

374Water Inc. (NASDAQ: SCWO) develops and commercializes supercritical water oxidation technology for the destruction of organic waste streams across municipal, federal, and industrial markets. The company's proprietary AirSCWO technology harnesses the unique properties of water in its supercritical phase to oxidize organic matter and mineralize a broad spectrum of non-hazardous and hazardous wastes, producing safe dischargeable water, mineral effluent, vent gas, and recoverable heat energy. The technology is designed to destroy recalcitrant organic wastes including sewage sludge, biosolids, food waste, and emerging contaminants such as per- and polyfluoroalkyl substances (PFAS), aqueous film forming foam (AFFF), and microplastics.

374Water operates through three primary business segments: capital sales of AirSCWO systems, waste destruction services (WDS), and laboratory and testing services. The company's product portfolio includes mobile trailered systems capable of processing over 700 kilograms per day of wet waste, modular systems designed to scale between six and ten tons per day, and pre- and post-treatment solutions. As of December 31, 2025, the company employed 48 full-time employees and 7 contractors and operates manufacturing, assembly, and testing facilities at the Iron Bridge Regional Water Reclamation Facility in Oviedo, Florida.

The company targets three primary market verticals: municipal water and wastewater treatment facilities, federal agencies including the Department of Defense and Department of Energy, and industrial waste generators in oil and gas, chemicals, pharmaceuticals, and battery recycling sectors. 374Water established its first waste destruction services hub at the City of Orlando's Iron Bridge Water Reclamation Facility in 2025 and has deployed systems for demonstrations with the Department of Defense and other government agencies. The company maintains a license agreement with Duke University for certain water and waste treatment technologies and holds a growing intellectual property portfolio including pending U.S. patent applications and international filings. The company's website is www.374water.com.

Company details
Sector
Technology
Industry
Electronic Equipment
Headquarters
DURHAM, NC
Fiscal year end
December
CIK
933972
SIC
3621

Financial performance, year by year

Fiscal 2013–2025 · USD
$-23.37M$-16.18M$-8.98M$-1.78M$5.41M2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns 374Water Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

9
funds hold it
0 of 35
superinvestors hold it
$0.91M
held by funds, at market
2.6%
of shares held by funds

Largest fund holders · 374Water Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
Fidelity Extended Market Index Fund
FSMAX · Fidelity Concord Street Trust
0.00%of fund net assets
iShares Micro-Cap ETF
IWC · iShares Trust
0.00%of fund net assets
Fidelity Series Total Market Index Fund
FCFMX · Fidelity Concord Street Trust
0.00%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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