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$36M
Market Cap
12.0
P/E
PEG
-353.2%
ROCE
N/M
ROE
0.19
D/E
-9,834.2%
OPM
-66.1%
% from 52W High
23
α RS
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Currency-adjusted total returns for SCWO including FX impact
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Ratio Health
Excellent
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Average
Poor
By Category
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About

374Water Inc. provides a technology that transforms wet wastes into recoverable resources in the United States.

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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q3 2025 Q3 2025 2025-11-12
Q3 2025 saw strong revenue growth and operational milestones, with a focus on recurring waste destruction services and expanding into a $450B market. 2026 revenue is projected at $6–$8M, up 50–100% year-over-year, but additional capital and a reverse stock split may be needed to support growth and maintain NASDAQ listing.
Q2 2025 Q2 2025 2025-08-12
Q2 2025 revenue surged to $600,000, driven by new waste destruction contracts and successful technology deployments, though net loss widened to $4.6 million. The company maintains its 2025 revenue targets and projects strong long-term growth, supported by regulatory momentum and a robust project pipeline.
Q1 2025 Q1 2025 2025-05-15
Q1 2025 revenue grew 72% year-over-year to $543,000, with a net loss of $3.7 million as the company advanced commercialization of its AirSCWO waste destruction technology. Major contracts, regulatory momentum, and a robust pipeline support a $4–$6 million 2025 revenue outlook.
Q4 2024 Q4 2024 2025-03-27
Revenue declined to $445,000 in 2024 as focus shifted to commercialization, with net loss widening to $12.4 million. Operational milestones included a $12.2 million capital raise, new contracts, and expanded manufacturing. Management projects $4–$6 million revenue in 2025 and targets rapid growth.
Q3 2024 Q3 2024 2024-11-14
Significant progress in commercializing AirSCWO technology, with a $1.8B pipeline and key deployments in Orlando and federal contracts. Revenue declined year-over-year due to lower equipment sales, but service revenue and operating expenses increased. Robust market demand driven by regulatory changes and PFAS concerns.
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📊 Analysis Methodology

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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Information Sources:
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