374Water Inc Financials
This page shows 374Water Inc (SCWO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
374Water Inc has an operating margin of -2874.3%, meaning the company retains $-2874 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -1161.8% the prior year.
374Water Inc's revenue declined 40.1% year-over-year, from $744K to $445K. This contraction results in a growth score of 0/100.
374Water Inc carries a low D/E ratio of 0.24, meaning only $0.24 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 4.76, 374Water Inc holds $4.76 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
While 374Water Inc generated -$10.6M in operating cash flow, capex of $555K consumed most of it, leaving -$11.1M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
374Water Inc passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, 374Water Inc generates $0.85 in operating cash flow (-$10.6M OCF vs -$12.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
374Water Inc generated $445K in revenue in fiscal year 2024. This represents a decrease of 40.1% from the prior year.
374Water Inc's EBITDA was -$12.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 47.0% from the prior year.
374Water Inc generated -$11.1M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 21.9% from the prior year.
374Water Inc reported -$12.4M in net income in fiscal year 2024. This represents a decrease of 53.4% from the prior year.
374Water Inc earned $-0.09 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 50.0% from the prior year.
374Water Inc held $10.7M in cash against $0 in long-term debt as of fiscal year 2024.
374Water Inc had 144M shares outstanding in fiscal year 2024. This represents an increase of 8.8% from the prior year.
374Water Inc's gross margin was -204.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 55.9 percentage points from the prior year.
374Water Inc's operating margin was -2874.3% in fiscal year 2024, reflecting core business profitability. This is down 1712.5 percentage points from the prior year.
374Water Inc's net profit margin was -2791.4% in fiscal year 2024, showing the share of revenue converted to profit. This is down 1702.1 percentage points from the prior year.
374Water Inc invested $2.1M in research and development in fiscal year 2024. This represents an increase of 43.3% from the prior year.
374Water Inc invested $555K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 423.6% from the prior year.
SCWO Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $760K+27.8% | $595K+9.6% | $543K+4480.8% | $12K-67.8% | $37K-88.3% | $315K | N/A | $12K |
| Cost of Revenue | $548K-37.1% | $871K+115.2% | $405K-38.2% | $655K+1404.0% | $44K-92.9% | $617K | N/A | $179K |
| Gross Profit | $213K+176.9% | -$276K-299.9% | $138K+121.5% | -$643K-9466.4% | -$7K+97.8% | -$302K | N/A | -$166K |
| R&D Expenses | $756K+42.3% | $531K-0.5% | $534K-13.5% | $617K+8.9% | $567K+5.9% | $535K | N/A | $318K |
| SG&A Expenses | $1.5M+23.5% | $1.2M+25.7% | $942K-53.9% | $2.0M+148.2% | $823K+156.2% | $321K | N/A | $542K |
| Operating Income | -$4.4M+6.0% | -$4.6M-22.5% | -$3.8M+21.8% | -$4.8M-60.4% | -$3.0M-37.2% | -$2.2M | N/A | -$1.9M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | N/A | $0 |
| Net Income | -$4.3M+5.1% | -$4.6M-23.8% | -$3.7M+22.6% | -$4.8M-62.9% | -$2.9M-44.8% | -$2.0M | N/A | -$1.7M |
| EPS (Diluted) | $0.03+200.0% | $-0.030.0% | $-0.03+57.1% | $-0.07-250.0% | $-0.020.0% | $-0.02 | N/A | N/A |
SCWO Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $11.4M-8.1% | $12.4M-22.7% | $16.0M-16.7% | $19.2M+57.0% | $12.2M-16.0% | $14.5M-9.8% | $16.1M-10.6% | $18.0M |
| Current Assets | $6.2M-17.1% | $7.5M-35.0% | $11.6M-22.2% | $14.9M+69.0% | $8.8M-34.0% | $13.3M-10.4% | $14.9M-11.5% | $16.8M |
| Cash & Equivalents | $933K-56.6% | $2.1M-68.8% | $6.9M-35.4% | $10.7M+109.5% | $5.1M-35.9% | $7.9M-24.0% | $10.4M-18.4% | $12.8M |
| Inventory | $1.9M+4.2% | $1.8M-2.9% | $1.9M+10.3% | $1.7M+67.4% | $1.0M-60.9% | $2.6M+14.3% | $2.3M+19.2% | $1.9M |
| Accounts Receivable | $644K-25.5% | $864K+818.0% | $94K-65.1% | $270K+369.6% | $57K-31.9% | $84K+30.1% | $65K+286.6% | $17K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $4.9M+41.3% | $3.4M+1.2% | $3.4M-8.3% | $3.7M+141.4% | $1.5M-5.9% | $1.6M+18.9% | $1.4M+143.2% | $565K |
| Current Liabilities | $4.3M+50.4% | $2.9M+1.2% | $2.8M-8.9% | $3.1M+103.5% | $1.5M-5.9% | $1.6M+18.9% | $1.4M+143.2% | $565K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $6.5M-27.1% | $8.9M-29.1% | $12.6M-18.7% | $15.5M+44.9% | $10.7M-17.3% | $12.9M-12.5% | $14.7M-15.6% | $17.5M |
| Retained Earnings | -$41.0M-11.9% | -$36.7M-14.3% | -$32.1M-13.0% | -$28.4M-35.8% | -$20.9M-16.3% | -$18.0M-12.7% | -$16.0M-23.9% | -$12.9M |
SCWO Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.6M+37.4% | -$4.1M-18.1% | -$3.5M-13.0% | -$3.1M-27.5% | -$2.4M+3.3% | -$2.5M-7.4% | -$2.3M-28.1% | -$1.8M |
| Capital Expenditures | $457K+2846.7% | $16K-94.8% | $297K-38.1% | $480K+941.2% | $46K | $0-100.0% | $54K+21.7% | $45K |
| Free Cash Flow | -$3.0M+26.6% | -$4.1M-9.2% | -$3.8M-6.2% | -$3.6M-44.5% | -$2.5M+1.5% | -$2.5M-5.0% | -$2.4M-28.0% | -$1.9M |
| Investing Cash Flow | -$457K+24.4% | -$605K-103.3% | -$297K-186.0% | $346K+186.1% | -$402K-67972.9% | -$590+98.9% | -$54K-21.4% | -$45K |
| Financing Cash Flow | $1.8M+48959.3% | -$4K-115.6% | $24K-99.8% | $11.4M+44677.2% | -$26K | $0-100.0% | $30K-57.0% | $70K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
SCWO Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 28.0%+74.4pp | -46.5%-71.9pp | 25.5%+5449.3pp | -5423.8%-5405.6pp | -18.3%+77.5pp | -95.8% | N/A | -1353.9% |
| Operating Margin | -573.5%+206.1pp | -779.5%-82.5pp | -697.0%+40136.5pp | -40833.5%-32634.1pp | -8199.4%-7501.2pp | -698.2% | N/A | -15316.4% |
| Net Margin | -571.9%+197.9pp | -769.9%-88.9pp | -681.0%+39598.3pp | -40279.3%-32315.6pp | -7963.7%-7321.6pp | -642.1% | N/A | -14088.1% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -38.3%-1.2pp | -37.1%-13.9pp | -23.2%+1.7pp | -24.9%-0.9pp | -24.0%-10.1pp | -13.9% | N/A | -9.6% |
| Current Ratio | 1.44-1.2 | 2.61-1.5 | 4.07-0.7 | 4.76-1.0 | 5.73-2.4 | 8.17-2.7 | 10.85-19.0 | 29.81 |
| Debt-to-Equity | 0.75+0.4 | 0.39+0.1 | 0.27+0.0 | 0.24+0.1 | 0.14+0.0 | 0.13+0.0 | 0.09+0.1 | 0.03 |
| FCF Margin | -399.9%+296.3pp | -696.2%+2.0pp | -698.2%+29429.5pp | -30127.7%-23415.6pp | -6712.2%-5916.5pp | -795.7% | N/A | -15192.0% |
Similar Companies
Frequently Asked Questions
What is 374Water Inc's annual revenue?
374Water Inc (SCWO) reported $445K in total revenue for fiscal year 2024. This represents a -40.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is 374Water Inc's revenue growing?
374Water Inc (SCWO) revenue declined by 40.1% year-over-year, from $744K to $445K in fiscal year 2024.
Is 374Water Inc profitable?
No, 374Water Inc (SCWO) reported a net income of -$12.4M in fiscal year 2024, with a net profit margin of -2791.4%.
What is 374Water Inc's earnings per share (EPS)?
374Water Inc (SCWO) reported diluted earnings per share of $-0.09 for fiscal year 2024. This represents a -50.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is 374Water Inc's EBITDA?
374Water Inc (SCWO) had EBITDA of -$12.6M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is 374Water Inc's gross margin?
374Water Inc (SCWO) had a gross margin of -204.9% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is 374Water Inc's operating margin?
374Water Inc (SCWO) had an operating margin of -2874.3% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is 374Water Inc's net profit margin?
374Water Inc (SCWO) had a net profit margin of -2791.4% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is 374Water Inc's free cash flow?
374Water Inc (SCWO) generated -$11.1M in free cash flow during fiscal year 2024. This represents a -21.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is 374Water Inc's operating cash flow?
374Water Inc (SCWO) generated -$10.6M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are 374Water Inc's total assets?
374Water Inc (SCWO) had $19.2M in total assets as of fiscal year 2024, including both current and long-term assets.
What are 374Water Inc's capital expenditures?
374Water Inc (SCWO) invested $555K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does 374Water Inc spend on research and development?
374Water Inc (SCWO) invested $2.1M in research and development during fiscal year 2024.
How many shares does 374Water Inc have outstanding?
374Water Inc (SCWO) had 144M shares outstanding as of fiscal year 2024.
What is 374Water Inc's current ratio?
374Water Inc (SCWO) had a current ratio of 4.76 as of fiscal year 2024, which is generally considered healthy.
What is 374Water Inc's debt-to-equity ratio?
374Water Inc (SCWO) had a debt-to-equity ratio of 0.24 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is 374Water Inc's return on assets (ROA)?
374Water Inc (SCWO) had a return on assets of -64.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is 374Water Inc's cash runway?
Based on fiscal year 2024 data, 374Water Inc (SCWO) had $10.7M in cash against an annual operating cash burn of $10.6M. This gives an estimated cash runway of approximately 12 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is 374Water Inc's Piotroski F-Score?
374Water Inc (SCWO) has a Piotroski F-Score of 1 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are 374Water Inc's earnings high quality?
374Water Inc (SCWO) has an earnings quality ratio of 0.85x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is 374Water Inc?
374Water Inc (SCWO) scores 40 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.