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374Water (SCWO) AI Stock Analysis
374Water
(NASDAQ:SCWO)
The overall score is constrained primarily by weak financial performance, including deeply negative margins, large recurring losses, rising leverage, and substantial cash burn, which dominate the risk profile. Technical indicators offer limited support through a mildly constructive medium‑term trend and balanced momentum, while valuation remains speculative given negative earnings and no dividend. Recent governance actions to reduce authorized shares and enhance financial leadership are positive but only partially mitigate the underlying fundamental and cash flow risks.
374Water (SCWO) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $43.36M
- Dividend Yield
- ―
- Average Volume (3M)
- 47.02K
- Price to Earnings (P/E)
- -2.0
- Beta (1Y)
- 0.69
- Revenue Growth
- ―
- EPS Growth
- ―
- Country
- US
- Employees
- 48
- Sector
- Industrials
- Sector Strength
- 63
- Industry
- Industrial - Pollution & Treatment Controls
374Water Business Overview & Revenue Model
Company Description
374Water Inc. provides a technology that transforms wet wastes into recoverable resources in the United States. The company transforms wet wastes, including sewage sludge, biosolids, food waste, hazardous and non-hazardous waste, and forever chemical...
How the Company Makes Money
374Water’s revenue model is based on commercializing its SCWO technology through a combination of (a) sale of treatment systems and associated engineering/integration work, (b) recurring service revenue tied to operating, maintaining, and supporting...
374Water Earnings Call Summary
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.
Q3-2025 Updates
Positive Updates
Negative 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
Strong revenue growth from about $0.2M to $1.9M TTM is outweighed by deeply negative gross margins, large and worsening operating and net losses, rising leverage, shrinking equity, and persistent heavy operating and free cash flow burn, leaving the overall financial position speculative and high‑risk.
Income Statement
18Very NegativeBalance Sheet
42NeutralCash Flow
20Very Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.89M | 215.04K | 445.44K | 743.95K | 3.02M | 48.10K |
| Gross Profit | -2.61M | -2.35M | -912.71K | -1.11M | 336.50K | 48.10K |
| EBITDA | -18.82M | -20.18M | -12.60M | -8.02M | -4.62M | -3.12M |
| Net Income | -19.96M | -20.98M | -12.43M | -8.10M | -4.69M | -3.16M |
Balance Sheet | ||||||
| Total Assets | 13.00M | 11.41M | 19.18M | 16.12M | 9.92M | 12.41M |
| Cash, Cash Equivalents and Short-Term Investments | 1.78M | 3.20M | 10.65M | 10.45M | 5.99M | 11.13M |
| Total Debt | 4.06M | 1.22M | 652.70K | 0 | 0 | 0 |
| Total Liabilities | 10.01M | 4.68M | 3.71M | 1.37M | 1.66M | 86.37K |
| Stockholders Equity | 2.99M | 6.72M | 15.47M | 14.75M | 8.25M | 12.33M |
Cash Flow | ||||||
| Free Cash Flow | -11.25M | -16.22M | -11.24M | -9.15M | -5.15M | -1.84M |
| Operating Cash Flow | -9.00M | -14.33M | -10.59M | -9.03M | -4.95M | -1.84M |
| Investing Cash Flow | -2.25M | -1.90M | -653.54K | 1.85M | -2.16M | 28.34K |
| Financing Cash Flow | 10.88M | 8.77M | 11.45M | 13.58M | 25.05K | 12.87M |
374Water Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SCWO, the sentiment is Neutral. The current price of 2.47 is below the 20-day moving average (MA) of 2.51, below the 50-day MA of 2.79, and below the 200-day MA of 2.61, indicating a bearish trend. The MACD of -0.10 indicates Negative momentum. The RSI at 43.11 is Neutral, neither overbought nor oversold. The STOCH value of 54.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SCWO.
374Water Risk Analysis
374Water disclosed 1 risk factors in its most recent earnings report. 374Water reported the most risks in the "Legal & Regulatory" category.
Latest Risks Added
0 New Risks374Water Peers Comparison
Overall Rating
TOMZ52Neutral
CLWT51Neutral- SCWO46Neutral
LIQT44Neutral
CLIR42Neutral
FTEK40Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 63Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
| TOMZ | 52Neutral | $15.72M | -3.74 | -326.60% | ― | 11.42% | 13.68% |
| CLWT | 51Neutral | $9.93M | 65.05 | 1.01% | ― | -13.77% | -78.34% |
| SCWO | 46Neutral | $43.36M | -1.95 | -401.94% | ― | ― | ― |
| LIQT | 44Neutral | $9.92M | -0.35 | -68.70% | ― | -0.17% | 37.55% |
| CLIR | 42Neutral | $15.73M | -2.51 | -58.08% | ― | 82.74% | 17.79% |
| FTEK | 40Underperform | $45.26M | -12.90 | -8.88% | ― | 8.89% | -6.47% |
* Industrials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| SCWO | 374Water Inc | 2.46 | -1.41 | -36.43% | |
| CLWT | Euro Tech | 1.34 | 0.16 | 13.56% | |
| FTEK | Fuel Tech Inc | 1.45 | -1.07 | -42.46% | |
| CLIR | ClearSign Combustion | 2.31 | -6.34 | -73.29% | |
| LIQT | Liqtech International | 0.30 | -1.99 | -86.86% | |
| TOMZ | Tomi Environmental Solutions, Inc. | 1.93 | -0.83 | -30.07% |
374Water Corporate Events
374Water Implements Major Share Authorization and Governance Changes
PositiveOn September 25, 2026, 374Water Inc. reconvened its 2026 virtual Annual Meeting of Stockholders after an initial session on September 18 lacked a quorum, ultimately securing sufficient shareholder participation to vote on director elections and key g...
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.
Date of analysis: Oct 01, 2026