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SCWO · 374Water Inc.

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$2.18 -0.04 (-1.58%)
Going-concern doubt — flagged May 14, 2026

Substantial doubt about the company's ability to continue as a going concern.

“These conditions raise substantial doubt regarding our ability to continue as a going concern. Presently, the Company will need additional debt or equity financing or a combination of both to continue its operations and meet its financial obligations for at least the next twelve months from the date these unaudited condensed interim consolidated financial statements were issued and beyond.”
View the 10-Q filed May 14, 2026
Customer concentration — top customer 88% of revenue

One customer — 88% of revenue (the three months ended March 31, 2026)

“For the three months ended March 31, 2026, we generated approximately 88% of our total consolidated revenues from one customer.”

2 customers — 69% of revenue (the three months ended March 31, 2025)

“For the three months ended March 31, 2025, we generated approximately 69% and 25% of our consolidated revenues with two customers, respectively.”

2 customers — 25% of revenue (the three months ended March 31, 2025)

“For the three months ended March 31, 2025, we generated approximately 69% and 25% of our consolidated revenues with two customers, respectively.”

One customer — 95% of receivables (March 31, 2026)

“At March 31, 2026, one customer comprised approximately 95% of our consolidated accounts receivable (which is also reflected in unearned revenue).”

2 customers — 74% of receivables (December 31, 2025)

“At December 31, 2025, our consolidated accounts receivable comprised approximately 74% and 10% outstanding with two customers, respectively.”

2 customers — 10% of receivables (December 31, 2025)

“At December 31, 2025, our consolidated accounts receivable comprised approximately 74% and 10% outstanding with two customers, respectively.”
View the 10-Q filed May 14, 2026
Market Cap
$38.75M
Shares
17.50M

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

The Jun 30, 2026 filing window is still open — showing the latest known positions. Funds that have not filed yet carry their prior-quarter positions; a fund that filed without this stock counts as sold out.
Holders: 45
Total Value: $4,569,895
Total Shares: 1,744,002

Institutional Ownership Trend

3 quarters

Holder Concentration

Across 47 13F filers
Top Holder
18.5%
Dec 2025 → Mar 2026 · range 18.5% – 21.3%
of institutional value
Top 5
54.2%
Dec 2025 → Mar 2026 · range 52.6% – 54.2%
of institutional value
Top 10
75.3%
Dec 2025 → Mar 2026 · range 75.3% – 77.1%
of institutional value
HHI
811
Dec 2025 → Mar 2026 · range 811 – 868
Broadly held
Showing 45 of 45
All Common Calls Puts
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Holder Value (USD) % of 13F Shares Open
Mega VANGUARD CAPITAL MANAGEMENT LLC $916,717 20.06% 322,788
Large CAPTRUST FINANCIAL ADVISORS $587,135 12.85% 206,738
Mega GEODE CAPITAL MANAGEMENT, LLC $338,964 7.42% 119,354
Small Icon Wealth Advisors, LLC $307,745 6.73% 108,361
Small HAMILTON LANE ADVISORS LLC $304,433 6.66% 160,228
Mid D.A. DAVIDSON & CO. $281,540 6.16% 148,179
Mega BlackRock, Inc. $225,188 4.93% 79,292
Mega MILLENNIUM MANAGEMENT LLC $180,837 3.96% 63,675
Large OSAIC HOLDINGS, INC. $179,921 3.94% 63,353
Mid Sigma Planning Corp $148,682 3.25% 52,353
Mega VANGUARD FIDUCIARY TRUST CO Bank $137,620 3.01% 48,458
Mega RAYMOND JAMES FINANCIAL INC $110,824 2.43% 39,023
Mega SUSQUEHANNA INTERNATIONAL GROUP, LLP $105,159 2.30% 37,028
Mega UBS Group AG $96,116 2.10% 33,844
Mega NORTHERN TRUST CORP Bank $80,045 1.75% 28,185
Small SENTINEL TRUST CO LBA Bank $76,247 1.67% 40,130
Mega STATE STREET CORP $65,819 1.44% 23,176
Large Mariner, LLC $51,333 1.12% 18,075
Small Trinity Legacy Partners, LLC $44,007 0.96% 23,162
Small PATRON PARTNERS, LLC $42,600 0.93% 15,000
Mega TWO SIGMA INVESTMENTS, LP $38,700 0.85% 13,627
Small Westend Capital Management, LLC $36,920 0.81% 13,000
Small Uncommon Cents Investing LLC $34,580 0.76% 18,200
Micro TFO Wealth Partners, LLC $33,679 0.74% 11,859
Mid Prospera Financial Services Inc $33,250 0.73% 17,500
Large NATIONAL BANK OF CANADA /FI/ Bank $30,530 0.67% 10,750
Small Compass Ion Advisors, LLC $28,865 0.63% 10,164
Mega MORGAN STANLEY $17,281 0.38% 6,085
Mid Avalon Trust Co Bank $12,212 0.27% 4,300
Mega Vanguard Global Advisers, LLC $5,594 0.12% 1,970
Mega ROYAL BANK OF CANADA Bank $4,759 0.10% 1,676
Mid Tower Research Capital LLC (TRC) $3,700 0.08% 1,303
Large FIFTH THIRD BANCORP Bank $3,692 0.08% 1,300
Micro Graney & King, LLC $2,130 0.05% 750
Mid Smartleaf Asset Management LLC $979 0.02% 345
Micro Wealth Preservation Advisors, LLC $710 0.02% 250
Mid QUADRANT CAPITAL GROUP LLC $596 0.01% 210
Mid Clearstead Advisors, LLC $284 0.01% 100
Mega JPMORGAN CHASE & CO $164 0.00% 58
Large JONES FINANCIAL COMPANIES LLLP $113 0.00% 40
Mid Blue Trust, Inc. $95 0.00% 50
Small FIRST COMMUNITY TRUST NA $95 0.00% 50
Large Rockefeller Capital Management L.P. $28 0.00% 10
Mid Optiver Holding B.V. $5 0.00% 2
Mega CITIGROUP INC $2 0.00% 1
Key facts CIK 933972 CUSIP 88583P203 13F (30d) 8 filings 8 filers Visit website

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