Filing Flows › 374Water (SCWO) › Q1 2026
374Water (SCWO) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 14, 2026
374Water (SCWO) reported revenue of $551K for the first quarter 2026 (Q1 2026), +1% from a year earlier. Operating margin was -834.3%, net loss $4.6M (829.5% of revenue).
374Water, Q1 2026: revenue $551K (+2% year over year), operating margin -834.3%, net loss $4.6M, operating cash flow −$2.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $551K | — | +1% |
| Operating profit | −$4.6M | — | — |
| Net earnings | −$4.6M | — | — |
| Operating cash flow | −$2.5M | — | — |
What changed
Revenue was $551K in Q1 2026, up 1% year over year.
Gross margin was 63.2%, up 37.8 points from Q1 2025. Operating costs exceeded revenue by $4.6M, an operating margin of -834.3%. Operating expenses grew 26% against revenue growth of 1%. The fastest-growing cost line was General & admin (+53%). The quarter ended with a net loss of $4.6M.
Operating cash flow was −$2.5M. Non-cash charges added back $209K of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items added $527K. Capital expenditures of $346K exceeded it, leaving free cash flow of −$2.9M.
Questions
What was 374Water's revenue in the first quarter 2026?
374Water (SCWO) reported revenue of $551K for the first quarter 2026 (Q1 2026), +1% from a year earlier.
Was 374Water profitable in the first quarter 2026?
Operating loss was $4.6M (-834.3% of revenue) and net loss $4.6M.
Source: 374Water 10-Q on SEC EDGAR.