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SCWO

374Water Inc.

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

374Water Inc. (Nasdaq: SCWO) develops AirSCWO systems that use supercritical water oxidation to destroy and mineralize organic waste, including sewage sludge, biosolids, food waste, industrial wastes and PFAS-contaminated materials. The process produces water, minerals, vent gas and recoverable heat, and the company… From the company’s description.

Over the twelve months to Jun 30, 2026, 374Water Inc. reported revenue of $1.89M, up 53.5% from a year earlier, and a net loss of $19.96M. Operations used $9.00M in cash. In fiscal 2025, it reported revenue of $0.22M, down 51.7% from fiscal 2024, and a net loss of $20.98M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$0.22MFY2025
−51.7% year over year
Last 12 mo $1.89M
-9834.15%FY2025
−6959.9 percentage points
Last 12 mo -1002.33%
$-20.98MFY2025
−68.7% year over year
Last 12 mo $-19.96M
-311.90%FY2025
−231.6 percentage points
Last 12 mo -668.59%
Cash & financing
$-14.33MFY2025
−35.3% year over year
Last 12 mo $-9.00M
$-16.22MFY2025
−45.6% year over year
Last 12 mo $-11.25M
0.12FY2025
Last 12 mo 0.94
15.2MFY2025
−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 AirSCWO systems that use supercritical water oxidation to destroy and mineralize organic waste, including sewage sludge, biosolids, food waste, industrial wastes and PFAS-contaminated materials. The process produces water, minerals, vent gas and recoverable heat, and the company serves municipal, federal and industrial customers. Its offerings include mobile and modular systems, equipment for pretreatment and post-treatment, waste destruction services, laboratory testing, and system operations, maintenance and training. The company generates business through equipment sales, service contracts and partnerships, including waste destruction operations at a municipal wastewater facility and collaborations with permitted treatment, storage and disposal facilities. Its AirSCWO applications include liquid and slurry waste streams such as firefighting foam, landfill leachate, spent filtration media, solvents and oily sludge. In fiscal 2025, 374Water employed 48 full-time employees and operated two modular AirSCWO systems, one at its Orlando service hub. The company adopted its current name in 2021 following a merger with privately held 374Water; it was previously known as PowerVerde. Its website is www.374water.com.

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

Financial performance, year by year

Fiscal 2011–2025 · USD
$-23.37M$-16.18M$-8.98M$-1.78M$5.41M201120122013201420152016201720182019202020212022202320242025Last 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
—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
—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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