Filing Flows › 374Water (SCWO) › Q2 2026
374Water (SCWO) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 14, 2026
374Water (SCWO) reported revenue of $2.3M for the second quarter 2026 (Q2 2026), +280% from a year earlier and +310% from the quarter before. Operating margin was -71.7%, net loss $2.7M (119.2% of revenue).
374Water, Q2 2026: revenue $2.3M (+280% year over year), operating margin -71.7%, net loss $2.7M, operating cash flow $211K. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.3M | +310% | +280% |
| Operating profit | −$1.6M | — | — |
| Net earnings | −$2.7M | — | — |
| Operating cash flow | $211K | — | — |
What changed
Revenue was $2.3M in Q2 2026, up 280% year over year and up 310% from the previous quarter.
Gross margin was 87.7%. Operating costs exceeded revenue by $1.6M, an operating margin of -71.7%. The fastest-growing cost line was General & admin (+13%). The quarter ended with a net loss of $2.7M, narrower than the previous quarter's $4.6M loss.
Operating cash flow was $211K. Non-cash charges added back $230K of depreciation and amortization and $610K of share-based compensation. Working capital and other items added $2.1M. Capital expenditures of $907K exceeded it, leaving free cash flow of −$697K.
Questions
What was 374Water's revenue in the second quarter 2026?
374Water (SCWO) reported revenue of $2.3M for the second quarter 2026 (Q2 2026), +280% from a year earlier and +310% from the quarter before.
Was 374Water profitable in the second quarter 2026?
Operating loss was $1.6M (-71.7% of revenue) and net loss $2.7M.
Source: 374Water 10-Q on SEC EDGAR.