374Water Inc. provides a technology that transforms wet wastes into recoverable resources in the United States. The company transforms wet wastes, including sewage sludge, biosolids, food waste, hazardous and non-hazardous waste, and forever chemicals. It offers AirSCWO systems, a waste stream treatment system based on supercritical water oxidation that are used to treat various hazardous and non-hazardous waste streams. It serves municipal, department of defense, department of energy, federal aviation agency, waste management, industrial manufacturing and compliance, and sanitation projects in developing countries. 374Water Inc. is based in Morrisville, North Carolina.
374Water Reports Second Quarter 2026 Financial Results; Revenue Increases More Than 280% Year-Over-Year
374Water reported Q2 revenue of $2.26 million, up approximately 280% year-over-year, driven by the completion of the OC San Factory Acceptance Test.
Gross profit swung to $1.98 million with an 87% margin, while the net loss narrowed to $2.7 million from $4.6 million in the prior year.
Strategically, the company secured a long-term agreement for its Orlando WDS facility, entered a collaboration with Arcadis, and achieved >99.9% PFAS destruction validation from the U.S. Department of Defense.