Filing Flows › 374Water (SCWO) › Q2 2025
374Water (SCWO) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 12, 2025
374Water (SCWO) reported revenue of $595K for the second quarter 2025 (Q2 2025), up 16-fold from a year earlier and +10% from the quarter before. Operating margin was -779.5%, net loss $4.6M (769.9% of revenue).
374Water, Q2 2025: revenue $595K (16× year over year), operating margin -779.5%, net loss $4.6M, operating cash flow −$4.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $595K | +10% | 16× |
| Operating profit | −$4.6M | — | — |
| Net earnings | −$4.6M | — | — |
| Operating cash flow | −$4.1M | — | — |
What changed
Revenue was $595K in Q2 2025, up 1516% year over year and up 10% from the previous quarter.
Operating costs exceeded revenue by $4.6M, an operating margin of -779.5%. Total costs grew 71% against revenue growth of 1516%. The fastest-growing cost line was Cost of revenue (+1901%). The quarter ended with a net loss of $4.6M, wider than the previous quarter's $3.7M loss.
Operating cash flow was −$4.1M. Non-cash charges added back $185K of depreciation and amortization and $549K of share-based compensation. Working capital and other items used $281K. Capital expenditures of $16K exceeded it, leaving free cash flow of −$4.1M.
Questions
What was 374Water's revenue in the second quarter 2025?
374Water (SCWO) reported revenue of $595K for the second quarter 2025 (Q2 2025), up 16-fold from a year earlier and +10% from the quarter before.
Was 374Water profitable in the second quarter 2025?
Operating loss was $4.6M (-779.5% of revenue) and net loss $4.6M.
Source: 374Water 10-Q on SEC EDGAR.