374Water Inc Stock Price, News & Analysis

374Water (NASDAQ: SCWO) will partner with the City of Cedar Rapids Water Pollution Control Facility and Brown and Caldwell to pilot its AirSCWO system for destruction of PFAS in biosolids.

The project is expected to start early Q1 2026, with initial destruction followed by independent third‑party laboratory validation and results delivered by end of Q1 or early Q2 2026. The work is positioned as an evaluation to potentially replace multiple existing processes at the Cedar Rapids facility and to address regulatory and public‑health concerns about PFAS in municipal biosolids.

374Water (NASDAQ: SCWO) announced that Stephen J. Jones, currently Interim President and CEO, has been appointed Chairperson of the Board effective immediately, with James Pawlowski named Lead Independent Director.

The company disclosed that Mr. Jones completed an open market purchase of 450,000 shares of common stock and that additional management purchases were made as reported in required Form 4 filings.

At a special stockholder meeting on Dec 15, 2025 shareholders approved an amendment allowing a reverse stock split; the Board approved a 1-for-10 reverse split to take effect at 12:01 a.m. ET on Dec 26, 2025. Post-split trading under symbol SCWO will begin Dec 26, 2025 with a new CUSIP.

374Water (NASDAQ: SCWO) reported Q3 2025 results: revenue $760,000 (vs $81,000 prior year) and a net loss of $4.3 million. Operating expenses rose 64% to $4.6 million. The company projects full‑year 2025 revenue ≈ $4.0 million and forecasts 2026 revenue of $6–8 million based on current bookings.

Operational highlights include commercial PFAS destruction projects at Clean Earth (Detroit), DoD/Colorado School of Mines work, a WDS collaboration with Crystal Clean, an AirSCWO 6 order from Olathe KS, and a North Carolina AFFF WDS award. Cash was $0.9 million at Sept 30, 2025; an $7.0 million ATM extend run‑way into Q2 2026. Management hosted a webcast Nov 12, 2025.

374Water (NASDAQ: SCWO) began its Waste Destruction Services deployment under a State of North Carolina contract to destroy Aqueous Film-Forming Foam (AFFF) using its AirSCWO technology on Nov 4, 2025. Phase 1 will treat 1,000 gallons at the University of North Carolina at Chapel Hill Collaboratory, with a potential additional 28,000 gallons if selected for phase 2, contributing to North Carolina’s broader 60,000-gallon state take-back initiative under the Responsible Firefighting Foam Management Act (H370).

State representatives observed on-site. The company described this as a validation of its WDS model and a step toward broader PFAS destruction services nationwide.

374Water (NASDAQ: SCWO) secured an agreement with the City of Olathe, KS to deliver an AirSCWO 6 system plus a full‑scale 30 wet tons/day pre‑treatment and dewatering system. The contract is valued at approximately $4 million over the next two years.

Olathe will operate the equipment under real‑world conditions for six months to assess sludge management scale‑up potential, operational performance across multiple waste streams, and the system’s ability to remove contaminants including PFAS. The pilot could inform future municipal purchases and wider adoption of AirSCWO technology.

374Water (NASDAQ: SCWO) filed a preliminary proxy on Oct 24, 2025 requesting shareholder approval for a discretionary reverse stock split at a ratio between 1-for-8 and 1-for-20, with a Special Meeting set for Dec 15, 2025 and expected split-adjusted trading at market open on Dec 26, 2025. The Board may abandon the split even after approval. Management cited this measure to preserve Nasdaq listing options, broaden institutional interest, and pursue financing. The company reported recent insider open-market purchases, a new Minimum Equity Ownership Policy for directors, leadership changes, and an ATM facility that generated approximately $7.0 million in gross proceeds, which the company says extends cash runway into the second quarter of 2026. A conference call is scheduled for Nov 12, 2025 to discuss Q3 2025 results.

374Water (NASDAQ: SCWO) completed a commercial-scale field demonstration of its AirSCWO™ 6 System at Clean Earth’s Detroit TSDF from July–September 2025 as part of a DoD DIU/ESTCP project.

Over ~80 hours of runtime the system treated approximately 900 gallons of six concentrated PFAS-impacted wastes (including AFFF, spent GAC, spent ion exchange resin, SAFF foamate, cyclodextrin regenerant distillate, and ion exchange still bottoms), plus one mixed-liquid batch. Arcadis is preparing performance assessments (DREs, fluorine mass balance, cost model) and comprehensive emissions and effluent analyses; results are expected to be publicly released by Q1 2026.

374Water (NASDAQ: SCWO) announced a new Minimum Equity Ownership Policy for its Board of Directors on October 15, 2025. Under the policy each director must purchase and continuously hold a minimum of USD $50,000 of company shares (inclusive of prior holdings) to meet the Minimum Equity Ownership Threshold. Any future material change to the threshold requires mutual consent of the company and the board. Management said the policy aims to better align director and shareholder interests as the company commercializes its AirSCWO technology and advances its Waste Destruction Services business model.

374Water (NASDAQ: SCWO) will host a conference call on Wednesday, November 12, 2025 at 4:30 p.m. ET to discuss third quarter results for the period ended September 30, 2025, a recent executive management change, and a strengthened balance sheet.

Interim President & CEO Stephen Jones and CFO Russell Kline will present; a press release with financial results will be issued prior to the call. The call includes a webcast with an accompanying presentation available during and after the call via the company investor relations site.