374Water (SCWO)
NASDAQ:SCWO
Top Page
374Water
(NASDAQ:SCWO)
Select Model
Select Model
Rating:48Neutral
Price Target:
$3.00
▲(70.45% Upside)
Action:ReiteratedDate:01/09/26
The score is primarily held back by heavy losses and sustained negative free cash flow despite strong recent revenue growth, implying continued reliance on external funding. Technically, the stock remains in a weak trend (below key moving averages with negative MACD). Guidance and partnerships improve the growth narrative, but rising expenses, low cash, and listing/financing risks keep the overall profile below average.
Positive Factors
Revenue Traction
Sustained revenue rebound off a small base indicates improving product-market fit for SCWO services and equipment. Durable revenue growth supports scale economics over time if the company converts service wins into repeat contracts and ramps capital sales or leases, strengthening long-term commercial viability.
Negative Factors
Negative Margins
Persistent negative gross and operating margins show the business currently cannot cover direct costs or overhead from core activities. Without meaningful margin improvement through pricing, cost reduction, or scale, the company’s model will require ongoing funding and undermines sustainable profitability over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Traction
Sustained revenue rebound off a small base indicates improving product-market fit for SCWO services and equipment. Durable revenue growth supports scale economics over time if the company converts service wins into repeat contracts and ramps capital sales or leases, strengthening long-term commercial viability.
Read all positive factors
374Water (SCWO) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$50.77M
Dividend YieldN/A
Average Volume (3M)10.04M
Price to Earnings (P/E)―
Beta (1Y)1.08
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees27
SectorIndustrials
Sector Strength72
IndustryIndustrial - Pollution & Treatment Controls
Share Statistics
EPS (TTM)-0.30
Shares Outstanding16,924,880
10 Day Avg. Volume29,012,183
30 Day Avg. Volume10,038,520
Financial Highlights & Ratios
PEG Ratio-0.15
Price to Book (P/B)5.94
Price to Sales (P/S)206.22
P/FCF Ratio-8.17
Enterprise Value/Market Cap0.86
Enterprise Value/Revenue22.97
Enterprise Value/Gross Profit-77.18
Enterprise Value/Ebitda-2.59
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.4
Revenue Forecast (FY)$54.60M
374Water Business Overview & Revenue Model
Company Description
374Water, Inc. focuses on providing a technology that addresses environmental pollution challenges. It develops a waste stream treatment system based on supercritical water oxidation technology. The company's AirSCWO systems are used to treat vari...
How the Company Makes Money
374Water makes money primarily through the sale and lease of its SCWO systems to municipalities, industries, and waste management companies. The company also generates revenue from providing maintenance, support, and operational services for its s...
374Water Earnings Call Summary
Earnings Call Date:Nov 12, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Mar 27, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted significant revenue growth, successful partnerships, and future revenue projections, indicating a positive trajectory. However, these were tempered by increased operating expenses, net loss, and Nasdaq compliance issues, creating a balance between positive progress and financial challenges.Positive Updates
Revenue Growth
Revenue for Q3 2025 increased to $760,000 compared to $81,000 in the prior year, primarily from waste destruction services.
Negative Updates
Increased Operating Expenses
Total operating expenses increased 64% to $4.6 million in Q3 2025 compared to $2.8 million in the prior year.
Read all updates
Q3-2025 Updates
Positive
Negative
Revenue Growth
Revenue for Q3 2025 increased to $760,000 compared to $81,000 in the prior year, primarily from waste destruction services.
Read all positive updates
Company Guidance
During the 374Water Third Quarter 2025 financial results conference call, the company provided guidance indicating a promising outlook for 2026 with expected revenues between $6 to $8 million, reflecting a 50% to 100% increase over anticipated 2025 revenues. The company is focusing on waste destruction services, capital sales of equipment, and leasing options to drive growth. They reported a significant revenue increase in Q3 2025 to $760,000, up from $81,000 in the prior year, primarily due to a rise in service revenues. Operating expenses rose by 64% to $4.6 million, leading to a net loss of $4.3 million for the quarter. The company also highlighted its cash position, with cash and cash equivalents at $900,000 as of September 30, 2025, bolstered by a $7 million raise from an ATM facility, sustaining operations into Q2 2026. 374Water is actively pursuing additional capital to support strategic growth initiatives and aims for a potential breakeven in operating income by 2027, contingent on the pace of market expansion and deal execution.374Water Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
55
Neutral
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.91M | 445.44K | 743.95K | 3.02M | 48.10K | 86.57K |
| Gross Profit | -568.50K | -912.71K | -1.11M | 336.50K | 48.10K | 72.33K |
| EBITDA | -16.94M | -12.60M | -8.56M | -4.69M | -3.12M | -10.75K |
| Net Income | -17.40M | -12.43M | -8.10M | -4.69M | -3.16M | 40.34K |
Balance Sheet | ||||||
| Total Assets | 11.36M | 19.18M | 16.12M | 9.92M | 12.41M | 103.81K |
| Cash, Cash Equivalents and Short-Term Investments | 933.33K | 10.65M | 10.45M | 5.99M | 11.13M | 71.80K |
| Total Debt | 1.39M | 652.70K | 0.00 | 0.00 | 0.00 | 515.99K |
| Total Liabilities | 4.87M | 3.71M | 1.37M | 1.66M | 86.37K | 92.56K |
| Stockholders Equity | 6.50M | 15.47M | 14.75M | 8.25M | 12.33M | 11.25K |
Cash Flow | ||||||
| Free Cash Flow | -14.30M | -11.24M | -9.15M | -5.15M | -1.84M | 64.76K |
| Operating Cash Flow | -13.30M | -10.59M | -9.03M | -4.95M | -1.84M | 64.76K |
| Investing Cash Flow | -1.01M | -653.54K | 1.85M | -2.16M | 28.34K | -275.00 |
| Financing Cash Flow | 13.28M | 11.45M | 13.58M | 25.05K | 12.87M | 2.05K |
374Water Technical Analysis
Positive
1.76
Price Trends
2.79
Positive
2.80
Positive
3.03
Positive
Market Momentum
0.14
Negative
70.53
Negative
84.83
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SCWO, the sentiment is Positive. The current price of 1.76 is below the 20-day moving average (MA) of 2.75, below the 50-day MA of 2.79, and below the 200-day MA of 3.03, indicating a bullish trend. The MACD of 0.14 indicates Negative momentum. The RSI at 70.53 is Negative, neither overbought nor oversold. The STOCH value of 84.83 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SCWO.
374Water Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | $8.91M | -16.89 | 3.61% | ― | -14.25% | -59.84% | |
56 Neutral | $38.39M | -20.77 | -5.70% | ― | -5.66% | -397.46% | |
48 Neutral | $50.77M | -2.39 | -160.16% | ― | ― | ― | |
48 Neutral | $20.13M | -7.52 | -56.07% | ― | -49.70% | -2.72% | |
46 Neutral | $17.71M | -1.35 | -73.79% | ― | 10.97% | 44.99% | |
43 Neutral | $12.14M | -11.26 | -108.76% | ― | -30.61% | -111.40% |
* Industrials Sector Average
SCWO
374Water
3.00
-0.59
-16.43%
CLWT
Euro Tech Holdings Company
1.17
-0.06
-4.88%
FTEK
Fuel Tech
1.25
0.22
21.36%
CLIR
ClearSign Combustion
3.72
-4.18
-52.91%
LIQT
LiqTech International
1.78
0.25
16.34%
TOMZ
TOMI Environmental Solutions
0.60
-0.23
-27.71%
374Water Corporate Events
Business Operations and StrategyExecutive/Board Changes
374Water director resigns as Stephen Jones refocuses leadership
Neutral
Jan 23, 2026
On January 21, 2026, 374Water Inc. announced that Board member Stephen J. Jones resigned from the company’s Board of Directors so he could devote more time to his responsibilities as Interim Chief Executive Officer and President, as well as ...
Business Operations and StrategyExecutive/Board ChangesPrivate Placements and Financing
374Water appoints new director following board resignation
Positive
Jan 8, 2026
On January 5, 2026, 374Water Inc. announced that director Buddie Joe Penn resigned from the Board of Directors, effective the same day, with the company stating that his departure did not stem from any disagreement over its operations, policies or...
Business Operations and StrategyExecutive/Board Changes
374Water Strengthens Board with Finance Veteran Appointment
Positive
Jan 5, 2026
On December 29, 2025, 374Water Inc. appointed veteran finance executive Charles Weiser, 67, to its Board of Directors and audit committee to fill an existing vacancy, formalizing his role after prior collaboration with management on potential fina...
Shareholder MeetingsStock Split
374Water Announces Reverse Stock Split Approval
Neutral
Dec 15, 2025
On December 15, 2025, 374Water Inc. announced a 1-for-10 reverse stock split of its common stock, which will take effect on December 26, 2025. This move, approved at a special stockholders’ meeting, aims to consolidate shares and adjust the ...
Executive/Board ChangesShareholder MeetingsStock Split
374Water Announces Board Changes and Reverse Stock Split
Neutral
Dec 15, 2025
On December 14, 2025, 374Water Inc. entered into an agreement with Mr. Yaacov Nagar, leading to the resignation of Ms. Deanna Rene Estes from the Board of Directors, effective after the certification of the Reverse Stock Split Proposal by the stoc...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.