Recent Updates — SCWO
374Water Inc. published an updated October 2026 investor presentation following the U.S. Environmental Protection Agency's launch of its first agency-wide PFAS technology strategy, which identifies supercritical water oxidation as a key destruction technology to advance. The presentation details operational progress including a completed $600K mobile waste destruction campaign in Minnesota and a new ~$4.8M order for equipment and operations from the City of Olathe, Kansas. It also highlights planned deployment of an AirSCWO system in Orange County, California, in November 2026. The company operates as a cleantech and environmental services firm deploying supercritical water oxidation technology for the permanent destruction of PFAS and other organic waste streams.
374Water Inc. reported second quarter 2026 financial results, revealing revenue of $2.26 million, a 280% increase from the prior year period. The surge was driven by project milestones, including the Orange County Sanitation District Factory Acceptance Test, which generated approximately $2.0 million in revenue. Gross profit improved to $1.98 million with an 87% margin, compared to a gross deficit in Q2 2025. Operating expenses decreased to $3.6 million, resulting in a net loss of $2.7 million or $0.15 per share, down from $4.6 million previously. The company holds $1.8 million in cash and has secured an Orlando facility while advancing deployments in St. Cloud and Olathe. 374Water Inc. operates in the cleantech and environmental services industry, deploying supercritical water oxidation technology for waste destruction.
374Water Inc. issued a press release reporting preliminary second quarter 2026 revenue exceeding $2.2 million, compared to $0.6 million in the prior year period. First half revenue surpassed $2.8 million, more than doubling the previous year's total of $1.1 million. Key operational milestones included completing a Factory Acceptance Test for the Orange County Sanitation District, which positions the company to invoice approximately $2.6 million and recognize $1.1 million in remaining contract value. The company also secured a $4.8 million order from Olathe, Kansas, and advanced a $600,000 pilot project in St. Cloud, Minnesota. Additionally, 374Water appointed Charles Weiser as Chief Financial Officer and Richard Davis to its Board of Directors. The company operates in the cleantech environmental services industry, deploying supercritical water oxidation technology for waste destruction.
374Water Inc. appointed Charles Weiser as Chief Financial Officer, effective July 1, 2026. Mr. Weiser, a board member since 2025, will receive an annual base salary of $225,000 starting September 1, 2026, along with a one-time signing bonus of $25,000. The appointment is accompanied by an equity incentive plan including 150,000 stock options and 125,000 restricted stock units. Interim CFO Adrienne Anderson resigned from her role, transitioning to a consulting arrangement. 374Water Inc. operates in the water technology and infrastructure industry.