SCWO · 374Water Inc. · Off Exchange
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.”View the 10-Q filed Aug 14, 2026
One customer — 88% of revenue (the three months ended June 30, 2026)
“For the three and six months ended June 30, 2026, we generated approximately 88% of our total consolidated revenues from one customer and two customers, respectively.”
2 customers — 88% of revenue (the six months ended June 30, 2026)
“For the three and six months ended June 30, 2026, we generated approximately 88% of our total consolidated revenues from one customer and two customers, respectively.”
3 customers — 94% of revenue (the three months ended June 30, 2025)
“For the three and six months ended June 30, 2025, we generated approximately 94% and 78% of our consolidated revenues with three customers, respectively.”
3 customers — 78% of revenue (the six months ended June 30, 2025)
“For the three and six months ended June 30, 2025, we generated approximately 94% and 78% of our consolidated revenues with three customers, respectively.”
One customer — 100% of receivables (June 30, 2026)
“At June 30, 2026, one customer comprised approximately 82% and 100% of our consolidated accounts receivable and unbilled accounts receivable, respectively.”
One customer — 82% of receivables (June 30, 2026)
“At June 30, 2026, one customer comprised approximately 82% and 100% of our consolidated accounts receivable and unbilled accounts receivable, respectively.”
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.”
Weekly off-exchange (dark pool / OTC) trading volume reported to FINRA under its OTC/ATS Transparency data. ATS volume is executed on alternating trading systems (dark pools); non-ATS OTC is other over-the-counter dealer volume. The off-exchange share is total off-exchange volume as a percentage of consolidated weekly trading volume for the same Monday–Friday week.
Off-Exchange Volume History
| Week Start | ATS Volume | Non-ATS OTC Volume | Total Off-Exchange | % of FINRA Weekly Volume |
|---|---|---|---|---|
| 2026-08-17 | 7,375 | 143,990 | 151,365 | 56.5% |
| 2026-08-10 | 19,323 | 278,359 | 297,682 | 65.2% |
| 2026-08-03 | 14,117 | 99,800 | 113,917 | 63.5% |
| 2026-07-27 | 24,372 | 100,885 | 125,257 | 59.6% |
| 2026-07-20 | 15,850 | 136,528 | 152,378 | 53.0% |
| 2026-07-13 | 13,230 | 123,882 | 137,112 | 42.9% |
| 2026-07-06 | 8,215 | 119,895 | 128,110 | 58.6% |
| 2026-06-29 | 11,625 | 164,955 | 176,580 | 56.8% |
| 2026-06-22 | 12,380 | 124,551 | 136,931 | 42.9% |
| 2026-06-15 | 13,526 | 178,274 | 191,800 | 53.9% |
| 2026-06-08 | 13,790 | 208,011 | 221,801 | 62.7% |
| 2026-06-01 | 18,667 | 164,212 | 182,879 | 57.7% |
| 2026-05-25 | 30,174 | 209,723 | 239,897 | 64.2% |
| 2026-05-18 | 7,971 | 95,118 | 103,089 | 60.0% |
| 2026-05-11 | 10,147 | 144,766 | 154,913 | 61.2% |
| 2026-05-04 | 16,706 | 272,181 | 288,887 | 70.4% |
| 2026-04-27 | 9,306 | 205,464 | 214,770 | 64.1% |
| 2026-04-20 | 9,100 | 85,638 | 94,738 | 45.7% |
| 2026-04-13 | 20,247 | 86,557 | 106,804 | 45.1% |
| 2026-04-06 | 11,679 | 76,608 | 88,287 | 44.8% |
| 2026-03-30 | 13,148 | 80,623 | 93,771 | 50.2% |
| 2026-03-23 | 31,852 | 183,210 | 215,062 | 50.7% |
| 2026-03-16 | 24,644 | 172,227 | 196,871 | 56.5% |
| 2026-03-09 | 17,720 | 147,842 | 165,562 | 63.9% |
| 2026-03-02 | 29,192 | 100,434 | 129,626 | 55.3% |
| 2026-02-23 | 16,114 | 100,034 | 116,148 | 60.6% |
| 2026-02-16 | 15,102 | 121,456 | 136,558 | 53.4% |
| 2026-02-09 | 21,434 | 147,988 | 169,422 | 53.8% |
| 2026-02-02 | 23,727 | 253,121 | 276,848 | 56.7% |
| 2026-01-26 | 54,848 | 510,228 | 565,076 | 55.9% |
| 2026-01-19 | 46,089 | 287,473 | 333,562 | 52.1% |
| 2026-01-12 | 31,054 | 224,393 | 255,447 | 62.2% |
| 2026-01-05 | 50,780 | 556,824 | 607,604 | 65.7% |
| 2025-12-29 | 113,613 | 1,281,067 | 1,394,680 | 65.0% |
| 2025-12-22 | 5,544 | 185,495 | 191,039 | 58.8% |
| 2025-12-15 | 38,422 | 631,398 | 669,820 | 100.0% |
| 2025-12-08 | 14,629 | 230,906 | 245,535 | 100.0% |
| 2025-12-01 | 12,479 | 204,290 | 216,769 | 100.0% |
| 2025-11-24 | 12,966 | 230,860 | 243,826 | 100.0% |
| 2025-11-17 | 31,218 | 546,406 | 577,624 | 100.0% |
| 2025-11-10 | 34,820 | 882,439 | 917,259 | 100.0% |
| 2025-11-03 | 31,519 | 695,621 | 727,140 | 100.0% |
| 2025-10-27 | 111,510 | 2,465,467 | 2,576,977 | 100.0% |
| 2025-10-20 | 204,659 | 3,535,359 | 3,740,018 | 100.0% |
| 2025-10-13 | 114,149 | 2,719,397 | 2,833,546 | 100.0% |
| 2025-10-06 | 423,945 | 14,300,372 | 14,724,317 | 100.0% |
| 2025-09-29 | 4,441 | 118,281 | 122,722 | 100.0% |
| 2025-09-22 | 3,632 | 102,994 | 106,626 | 100.0% |