Filing Flows › 374Water (SCWO) › Q1 2025
374Water (SCWO) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 15, 2025
374Water (SCWO) reported revenue of $543K for the first quarter 2025 (Q1 2025), +72% from a year earlier and up 46-fold from the quarter before. Operating margin was -697.0%, net loss $3.7M (681.0% of revenue).
374Water, Q1 2025: revenue $543K (+72% year over year), operating margin -697.0%, net loss $3.7M, operating cash flow −$3.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $543K | 46× | +72% |
| Operating profit | −$3.8M | — | — |
| Net earnings | −$3.7M | — | — |
| Operating cash flow | −$3.5M | — | — |
What changed
Revenue was $543K in Q1 2025, up 72% year over year and up 4481% from the previous quarter.
Gross margin was 25.5%. Operating costs exceeded revenue by $3.8M, an operating margin of -697.0%. The fastest-growing cost line was General & admin (+193%). The quarter ended with a net loss of $3.7M, narrower than the previous quarter's $4.8M loss.
Operating cash flow was −$3.5M. Non-cash charges added back $164K of depreciation and amortization and $709K of share-based compensation. Working capital and other items used $670K. Capital expenditures of $297K exceeded it, leaving free cash flow of −$3.8M.
Questions
What was 374Water's revenue in the first quarter 2025?
374Water (SCWO) reported revenue of $543K for the first quarter 2025 (Q1 2025), +72% from a year earlier and up 46-fold from the quarter before.
Was 374Water profitable in the first quarter 2025?
Operating loss was $3.8M (-697.0% of revenue) and net loss $3.7M.
Source: 374Water 10-Q on SEC EDGAR.