374water Inc. income statement
In fiscal 2025, 374water Inc. reported revenue of $215,037, down 51.7% on the year before, operating income of −$21.1m (a -9834.2% margin) and net income of −$21.0m, or −$1.38 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 3 | 1 | 0 | 0 | 2 |
| Cost of revenue | — | — | — | — | — | — | — | — | — | — | 0 | 0 | 3 | 2 | 1 | 3 | 2 |
| Gross profit | 0 | 0 | 0 | 0 | 0 | 1 | — | — | — | — | 0 | 0 | 0 | −1 | −1 | −2 | 0 |
| Research and development | 0 | 1 | 1 | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 1 | 1 | 2 | 3 | 2 |
| General and administrative | 0 | 2 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 3 | 3 | 5 | 6 |
| Operating income | −0 | −3 | −5 | −1 | −0 | −0 | −0 | 0 | −1 | −0 | −0 | −3 | −5 | −9 | −13 | −21 | −19 |
| Interest expense | — | 0 | −0 | −0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — | — | — | — | — | — |
| Income before tax | −0 | −3 | −5 | −1 | −1 | −0 | −0 | 0 | −1 | −1 | 0 | −3 | −5 | −8 | −12 | −21 | −20 |
| Income tax | — | — | — | — | — | — | — | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | −0 | −3 | −5 | −1 | −1 | −0 | −0 | 0 | −1 | −1 | 0 | −3 | −5 | −8 | −12 | −21 | −20 |
| Diluted EPS | −$0.00 | −$0.03 | −$0.06 | −$0.01 | −$0.07 | −$0.00 | $0.00 | $0.00 | −$0.01 | −$0.01 | $0.00 | $0.30 | — | −$0.60 | −$0.92 | −$1.38 | — |
| Diluted shares (average) | — | 8m | 8m | 8m | 9m | 10m | 10m | 10m | 10m | 10m | 9m | 9m | — | 13m | 13m | 15m | — |
| EBITDA | −0 | −3 | −5 | −1 | −0 | −0 | −0 | 0 | −1 | −0 | −0 | −3 | −5 | −9 | −13 | −20 | −18 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 81 | 12 | 543 | 595 | 760 | −1,683 | 551 | 2,262 |
| Cost of revenue | 42 | 655 | 405 | 871 | 548 | 742 | 203 | 279 |
| Gross profit | 39 | −643 | 138 | −276 | 213 | −2,426 | 348 | 1,983 |
| Research and development | 425 | 617 | 534 | 531 | 756 | 704 | 450 | 285 |
| General and administrative | 645 | 996 | 942 | 1,185 | 1,463 | 1,618 | 1,442 | 1,337 |
| Operating income | −2,742 | −4,841 | −3,786 | −4,638 | −4,361 | −8,363 | −4,598 | −1,622 |
| Income before tax | −2,702 | −4,776 | −3,698 | −4,580 | −4,349 | −8,347 | −4,572 | −2,696 |
| Income tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | −2,702 | −4,776 | −3,698 | −4,580 | −4,349 | −8,347 | −4,572 | −2,696 |
| Diluted EPS | $0.20 | −$0.98 | −$0.26 | $0.32 | $0.30 | −$1.47 | −$0.26 | $0.15 |
| EBITDA | −2,732 | −4,694 | −3,622 | −4,471 | −4,183 | −8,156 | −4,389 | −1,410 |
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