374Water published an updated October 2026 investor presentation highlighting AirSCWO’s 99.9993% total PFAS destruction and removal efficiency, a ~$4.8M City of Olathe, KS order, and planned November 2026 deployment for Orange County Sanitation District, CA.
SCWO · 374Water Inc.
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.”
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374Water Inc.’s stockholders approved reducing authorized common shares from 1,000,000,000 to 75,000,000 and conforming director and officer liability provisions to Delaware law; the charter amendment became effective September 30, 2026.
Metrics snapshot
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Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
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Guidance & track record
Still-open targets the latest release did not restate under the same label.
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Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
Earlier KPI extraction records exist, but do not meet the current evidence-completeness requirements. No current verified series is available. Earlier figures remain withheld until revalidated; this is not evidence that the company reports no KPIs.
Versus peers
Pollution & Treatment Controls — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
SCWO
this stock
374Water Inc.
|
$44.12M | +19.1% | -51.7% | — | 0.9% |
|
VLTO
Veralto Corp
|
$28.34B | +16.8% | +6.0% | 28.8 | 2.5% |
|
ZWS
Zurn Elkay Water Solutions Corp
|
$7.27B | -5.7% | +19.4% | 25.6 | 2.6% |
|
ORCRY
Organo Corporation
|
$3.33B | — | — | — | 0.3% |
|
CECO
Ceco Environmental Corp
|
$2.21B | -37.1% | +38.8% | — | 3.0% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Oct 29, 2026
- This year
- 25
374Water published an updated October 2026 investor presentation highlighting AirSCWO’s 99.9993% total PFAS destruction and removal efficiency, a ~$4.8M City of Olathe, KS order, and planned November 2026 deployment for Orange County Sanitation District, CA.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| SCWO | -2.4% | -8.3% | +7.5% | -1.2% | +19.1% |
| SPY | -4.7% | -5.3% | -0.8% | -3.0% | +7.5% |
| vs SPY | +2.3% | -3.0% | +8.4% | +1.8% | +11.6% |