# 374WATER INC. (SCWO) · Edgar & Edgarette company card

> 374WATER (SCWO) saw revenue fall 51.7% in FY2025 to $0 million, operating margin -9834% against a 5.2% median for motors & generators, equity 59.0% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 933972 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/SCWO) · [JSON](https://www.pops4.com/boards/company/SCWO.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $215,037 |
| Revenue growth, 1 year | -51.7% |
| Revenue growth per year | 45.4% |
| Operating margin | -9834.2% (prior year -2874.3%) |
| Net margin | -9754.2% |
| Operating cash flow | −$14M |
| Capital spending | $2M |
| Free cash flow | −$16M |
| Cash | $3M |
| Long-term debt | — |
| Total assets | $11M |
| Total equity | $7M |
| Equity ÷ assets | 59.0% |
| Return on equity | -311.9% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -24.26 (distress zone)
- Piotroski F: 2 of 9 (weak)
- Health Harbor boat: Old boat · three warning signs · operating cash flow was negative (-$14.3M in FY2025); operating loss: a margin of -9834.2% in FY2025; revenue is hard to predict: its 80% range is ±91%

## Edgarette's reading

Exposure: revenue $215K (FY2025). Experience: revenue down 51.7% on the year, up 45.4% a year over 4 years; operating margin -9834.2%, down from -2874.3%. Soundness: equity 59.0% of assets, return on equity -311.9%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $21K and $441K next year (method v4.1: its own 5-year record of growth weighed at 57% against under $50M filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $17K to $548K. A statistical range, not company guidance. Against peers (8 filers, $50M+ revenue, its industry group): operating margin -9834.2% against a 5.2% median; growth -51.7% against 7.5%.

Range logged 2026-10-01, receipt 15c24c67069f997b, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 3.01 Exchange listing notice or transfer: 1, latest 2026-02-09 ([filing](https://www.sec.gov/Archives/edgar/data/933972/000165495426001047/0001654954-26-001047-index.htm))
- Item 5.02 Director or officer change: 10, latest 2026-07-08 ([filing](https://www.sec.gov/Archives/edgar/data/933972/000165495426006548/0001654954-26-006548-index.htm))

## Recent filings

- 8-K · filed 2026-10-29 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/933972/000165495426009210/0001654954-26-009210-index.htm)
- 8-K · filed 2026-09-30 · 5.03 Amendments to Articles or Bylaws; Change in Fiscal Year; 5.07 Submission of Matters to a Vote of Security Holders; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/933972/000165495426008681/0001654954-26-008681-index.htm)
- DEF 14A · filed 2026-08-25 · [filing](https://www.sec.gov/Archives/edgar/data/933972/000165495426007870/0001654954-26-007870-index.htm)
- 8-K · filed 2026-08-18 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/933972/000165495426007728/0001654954-26-007728-index.htm)
- 10-Q · filed 2026-08-14 · [filing](https://www.sec.gov/Archives/edgar/data/933972/000165495426007650/0001654954-26-007650-index.htm)
- 8-K · filed 2026-08-11 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/933972/000165495426007472/0001654954-26-007472-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0000933972.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=933972

## Cite

POPS4, Edgar & Edgarette: 374WATER INC. (SCWO) company card, from the company's own SEC filings, accessed 2026-11-15, https://www.pops4.com/boards/company/SCWO. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.