15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $215037 | -$21M | -1093.5% | -9834.2% | -311.9% | -183.9% | -$16M | — | $3M |
| 2024 | $445445 | -$12M | -204.9% | -2874.3% | -80.4% | -64.8% | -$11M | — | $11M |
| 2023 | $743952 | -$8M | -149.0% | -1161.8% | -54.9% | -50.3% | -$9M | — | $10M |
| 2022 | $3M | -$5M | 11.2% | -157.7% | -56.8% | -47.3% | -$5M | — | $4M |
| 2021 | $48100 | -$3M | 100.0% | -6582.1% | -25.7% | -25.5% | -$2M | — | $11M |
| 2020 | $86570 | $40337 | 83.5% | -13.5% | 358.6% | 38.9% | $64759 | $97176 | $71799 |
| 2019 | $24000 | -$514916 | 0.0% | -1718.5% | 1440.6% | -1373.4% | — | $94354 | — |
| 2018 | $190094 | -$679078 | 0.0% | -357.7% | -1044.3% | -652.0% | — | — | — |
| 2017 | $852443 | $404353 | 0.0% | 50.6% | 153.5% | 79.5% | — | — | — |
| 2016 | — | -$123762 | — | — | 87.8% | -34.1% | — | — | — |
| 2015 | — | -$426634 | — | — | 189.7% | -141.0% | — | — | — |
| 2014 | — | -$565913 | — | — | 300.5% | -172.6% | -$351070 | — | — |
| 2014 | — | -$11M | — | — | 5434.1% | -3158.3% | -$5M | — | — |
| 2014 | — | -$11M | — | — | 6777.4% | -2830.7% | -$5M | — | — |
| 2014 | — | -$11M | — | — | 10778.0% | -2797.1% | -$5M | — | — |
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | $2M | -$3M | 87.7% | -71.7% | -90.3% | -20.7% | -$696526 | — | $2M |
| Mar '26 | $551155 | -$5M | 63.2% | -834.3% | -124.9% | -41.5% | -$3M | — | $447453 |
| Dec '25 | -$2M | -$8M | 144.1% | 496.8% | -124.1% | -73.2% | — | — | $3M |
| Sep '25 | $760417 | -$4M | 28.0% | -573.5% | -66.9% | -38.3% | — | — | $933328 |
| Jun '25 | $594967 | -$5M | -46.5% | -779.5% | -51.4% | -37.1% | -$4M | — | $2M |
| Mar '25 | $543100 | -$4M | 25.5% | -697.0% | -29.4% | -23.1% | -$4M | — | $7M |
| Dec '24 | $11856 | -$5M | -5423.8% | -40833.5% | -30.9% | -24.9% | -$4M | — | $11M |
| Sep '24 | $81490 | -$3M | 48.0% | -3364.5% | -31.9% | -26.9% | -$3M | — | $2M |
| Jun '24 | $36821 | -$3M | -18.3% | -8199.4% | -27.5% | -24.0% | -$2M | — | $5M |
| Mar '24 | $315278 | -$2M | -95.8% | -698.2% | -15.7% | -13.9% | -$3M | — | $8M |
| Dec '23 | -$119659 | -$3M | 858.9% | 2768.5% | -20.9% | -19.1% | -$2M | — | $10M |
| Sep '23 | $12290 | -$2M | -1353.9% | -15316.4% | -9.9% | -9.6% | -$2M | — | $13M |
| Jun '23 | $49863 | -$2M | 9.2% | -3547.9% | -8.7% | -8.5% | -$2M | — | $15M |
| Mar '23 | $801458 | -$2M | 10.1% | -209.4% | -10.8% | -10.1% | -$3M | — | $9M |
| Dec '22 | $789044 | -$2M | 9.2% | -222.4% | -20.5% | -17.0% | -$2M | — | $4M |
| Sep '22 | $922718 | -$912826 | 12.0% | -98.9% | -9.4% | -8.3% | -$2M | — | $2M |
| Jun '22 | $1M | -$1M | 12.4% | -117.9% | -11.6% | -10.2% | -$1M | — | $3M |
| Mar '22 | $273231 | -$872858 | 9.2% | -319.8% | -7.6% | -7.0% | $112620 | — | $11M |
| Dec '21 | $14500 | -$671791 | 100.0% | -4637.5% | -5.4% | -5.4% | -$786230 | — | $11M |
| Sep '21 | $19000 | -$551959 | 100.0% | -2907.3% | -7.0% | -6.9% | -$582434 | — | $7M |
How the market has priced SCWO against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, 374Water Inc.'s revenue has grown 20.0% per year. These are computed facts, not advice.
As of FY2025, 374Water Inc. reported — of total debt against $3M of cash.
In FY2025, gross margin was -1093.5%, operating margin -9834.2%, and net margin -9754.2%.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.