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Stocks · Technology · Motors & Generators

374Water Inc.

SCWO Clue Score43
United States Fiscal year ends December CIK 0000933972
$2.54 -4.26% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $2.54 +27.49% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue0.6Operating income−0.1Net income−0.1Fiscal year 2017Revenue0.9 +45.1%Operating income0.4Net income0.4Fiscal year 2018Revenue0.2 −77.7%Operating income−0.7Net income−0.7 −267.9%Fiscal year 2019Revenue0.0 −87.4%Operating income−0.4Net income−0.5Fiscal year 2020Revenue0.1 +260.7%Operating income−0.0Net income0.0Fiscal year 2021Revenue0.0 −44.4%Operating income−3.2Net income−3.2 −7,945.4%Fiscal year 2022Revenue3.0 +6,169.3%Operating income−4.8Net income−4.7Fiscal year 2023Revenue0.7 −75.3%Operating income−8.6Net income−8.1EPS, diluted−0.06Fiscal year 2024Revenue0.4 −40.1%Operating income−12.8Net income−12.4EPS, diluted−0.92Fiscal year 2025Revenue0.2 −51.7%Operating income−21.1Net income−21.0EPS, diluted−1.38
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 0.6 0.9 0.2 0.0 0.1 0.0 3.0 0.7 0.4 0.2
Growth +45.1% −77.7% −87.4% +260.7% −44.4% +6,169.3% −75.3% −40.1% −51.7%
Operating income −0.1 0.4 −0.7 −0.4 −0.0 −3.2 −4.8 −8.6 −12.8 −21.1
Net income −0.1 0.4 −0.7 −0.5 0.0 −3.2 −4.7 −8.1 −12.4 −21.0
Growth −267.9% −7,945.4%
EPS, diluted n/a n/a n/a n/a n/a n/a n/a −0.06 −0.92 −1.38

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Operating margin−10.5%Net margin−21.1%Fiscal year 2017Operating margin50.6%Net margin47.4%Fiscal year 2018Operating margin−357.7%Net margin−357.2%Fiscal year 2019Operating margin−1,718.5%Net margin−2,145.5%Fiscal year 2020Operating margin−13.5%Net margin46.6%Free cash flow margin74.8%Fiscal year 2021Gross margin100.0%Operating margin−6,582.1%Net margin−6,579.2%Free cash flow margin−3,829.8%Fiscal year 2022Gross margin11.2%Operating margin−157.7%Net margin−155.5%Free cash flow margin−168.9%Fiscal year 2023Gross margin−149.0%Operating margin−1,161.8%Net margin−1,089.3%Free cash flow margin−1,228.7%Fiscal year 2024Gross margin−204.9%Operating margin−2,874.3%Net margin−2,791.4%Free cash flow margin−2,501.9%Fiscal year 2025Gross margin−1,093.5%Operating margin−9,834.2%Net margin−9,754.2%Free cash flow margin−7,544.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin n/a n/a n/a n/a n/a 100.0% 11.2% −149.0% −204.9% −1,093.5%
Operating margin −10.5% 50.6% −357.7% −1,718.5% −13.5% −6,582.1% −157.7% −1,161.8% −2,874.3% −9,834.2%
Net margin −21.1% 47.4% −357.2% −2,145.5% 46.6% −6,579.2% −155.5% −1,089.3% −2,791.4% −9,754.2%
Free cash flow margin n/a n/a n/a n/a 74.8% −3,829.8% −168.9% −1,228.7% −2,501.9% −7,544.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow−0.1Fiscal year 2017Operating cash flow0.3Fiscal year 2018Operating cash flow0.2Fiscal year 2019Operating cash flow−0.3Fiscal year 2020Operating cash flow0.1Capital expenditure0.0Free cash flow0.1Buybacks−0.3Fiscal year 2021Operating cash flow−1.8Capital expenditure−0.0Free cash flow−1.8 −2,944.6%Fiscal year 2022Operating cash flow−4.9Capital expenditure−0.1Free cash flow−5.1Fiscal year 2023Operating cash flow−9.0Capital expenditure−0.1Free cash flow−9.1Fiscal year 2024Operating cash flow−10.6Capital expenditure−0.6Free cash flow−11.1Fiscal year 2025Operating cash flow−14.3Capital expenditure−1.9Free cash flow−16.2
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −0.1 0.3 0.2 −0.3 0.1 −1.8 −4.9 −9.0 −10.6 −14.3
Capital expenditure n/a n/a n/a n/a 0.0 −0.0 −0.1 −0.1 −0.6 −1.9
Free cash flow n/a n/a n/a n/a 0.1 −1.8 −5.1 −9.1 −11.1 −16.2
Growth −2,944.6%
Buybacks n/a n/a n/a n/a −0.3 n/a n/a n/a n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.0Shareholders’ equity−0.1Fiscal year 2017Cash0.0Shareholders’ equity0.3Fiscal year 2018Cash0.0Shareholders’ equity0.1Fiscal year 2019Cash0.0Total debt0.3Net cash (debt)−0.3Shareholders’ equity−0.0Fiscal year 2020Cash0.1Total debt0.1Net cash (debt)−0.0Shareholders’ equity0.0Debt to equity8.64Fiscal year 2021Cash11.1Shareholders’ equity12.3Fiscal year 2022Cash4.0Shareholders’ equity8.3Fiscal year 2023Cash10.4Shareholders’ equity14.7Fiscal year 2024Cash10.7Shareholders’ equity15.5Fiscal year 2025Cash3.2Shareholders’ equity6.7
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.0 0.0 0.0 0.0 0.1 11.1 4.0 10.4 10.7 3.2
Total debt n/a n/a n/a 0.3 0.1 n/a n/a n/a n/a n/a
Net cash (debt) n/a n/a n/a −0.3 −0.0 n/a n/a n/a n/a n/a
Shareholders’ equity −0.1 0.3 0.1 −0.0 0.0 12.3 8.3 14.7 15.5 6.7
Debt to equity n/a n/a n/a n/a 8.64 n/a n/a n/a n/a n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
n/a n/a n/a n/a n/a 100.0% 11.2% −149.0% −204.9% −1,093.5%
−10.5% 50.6% −357.7% −1,718.5% −13.5% −6,582.1% −157.7% −1,161.8% −2,874.3% −9,834.2%
−21.1% 47.4% −357.2% −2,145.5% 46.6% −6,579.2% −155.5% −1,089.3% −2,791.4% −9,754.2%
−21.1% 47.4% −357.2% −2,145.5% 46.6% −6,579.2% −155.5% −1,089.3% −2,791.4% −9,754.2%
n/a n/a n/a n/a 74.8% −3,829.8% −168.9% −1,228.7% −2,501.9% −7,544.9%
Spending
56.3% 24.7% 331.8% 912.2% 66.7% 779.7% 36.9% 201.1% 481.2% 1,174.0%
54.1% 24.7% 125.9% 906.3% 20.2% 2,277.3% 51.9% 359.6% 625.1% 2,421.9%
n/a n/a n/a n/a 0.0% 2.5% 4.8% 14.2% 124.6% 882.7%
n/a n/a n/a n/a 0.0% n/a n/a n/a n/a n/a
Returns
n/a 153.5% −1,044.3% n/a 358.6% −25.7% −56.8% −54.9% −80.4% −311.9%
−34.1% 79.5% −652.0% −1,373.4% 38.9% −25.5% −47.3% −50.3% −64.8% −183.9%
Balance and payout
n/a n/a n/a n/a 8.64 n/a n/a n/a n/a n/a
138.8% 48.2% 37.6% 1,086.6% 89.2% 0.7% 16.8% 8.5% 19.3% 41.0%
n/a n/a n/a n/a 463.3% n/a n/a n/a n/a n/a