374Water Inc. · Motors & Generators

SCWO

High riskNext report: Around Nov 11 (est.)

View price ↗

The short version

A company still losing money with growing sales, with elevated risk.

Going well

Sales up 280% in the latest quarter vs a year ago
Little debt

Watch out for

Losing money, losses are large next to sales
Revenue down 51.7% from the year before
1 offering filing in 6 months (may sell new shares)

Money moves

No insider buying or selling in the last 30 days
Institutions added 2.4% to their holdings in the quarter ending June 2026 (14 bought, 15 sold)

Facts from SEC filings, not a recommendation.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$2.3M+280% vs a year earlier

Sep '23Tap a barJun '26

Over 5 years, sales grew about 20% a year.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

1/5Weak

MissReturn on equity 15%+Earns a lot on the money owners have in the business.-189.0%
PassDebt under half of equityNot relying on borrowed money.0.00x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.Losses many times its sales
MissProfitable every yearSteady profits, not one good year.2 of 10 years
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$16.2M

Revenue: $215K; -51.7% vs prior year
5-year growth: +20.0%/yr; revenue, per year
Total debt: $7K; 0.00x equity
Current ratio: 1.40x; short-term assets / bills due

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: share count not growing, gross margin 40%+. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jun 30, 2026

Reported Aug 18

Revenue: $2.3M; +280.2% YoY
EPS: $0.15; vs $0.32
Op. margin: -71.7%; +707.8 pts
Gross margin: 87.7%; +134.2 pts
Free cash flow: -$697K
Share count: +21.4%; vs a year ago

Insider rating

Last 90 days

No open-market insider buys or sells in the last 90 days.

Weekly insider trend

No trades to chart yet.

Filing buzz

Last 7 days vs normal

0/ 100

This week: 0
Normal week: 0.5
vs normal: 0.0x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Steady+2.4%

Institutions added 2.4% to their holdings. 14 bought, 15 sold. 2 quarters of net buying in a row.

Shares held by institutions1.8M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

+10.1%

Cash runwayAt last year's cash burn

1 months

Debt to equityLatest balance sheet: debt compared with what owners have

0.0x · $39K debt

Shares outstandingLatest reported

18M

Why high risk

Losing money, losses are large next to sales
About 1 month of cash left at its current burn
Share count growing 10.1% a year (dilution)
Revenue down 51.7% from the year before
1 offering filing in 6 months (may sell new shares)
Exchange listing notice (a delisting warning or a move to another exchange)

Earnings reports

Last 12

Next reportAround Nov 11 (est.)Estimated from the same quarter last year

Results filedAug 18
Results filedAug 11
Results filedMay 14
Results filedMar 31
Results filedMar 11

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

Offering prospectusAug 11 · View filing ↗Offering Listing standards noticeFeb 9 · View filing ↗Red flag

Insider trades

Open-market buys and sells, last 90 days

No open-market buys or sells in 90 days. Grants and option exercises are left out.

"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.

Latest filings

Straight from SEC EDGAR

Charter or share changeSep 30 · Form 8-K ↗Proxy statementAug 25 · Form DEF 14A ↗Earnings resultsAug 18 · Form 8-K ↗Quarterly reportAug 14 · Form 10-Q ↗PRE 14AAug 14 · Form PRE 14A ↗Offering prospectusAug 11 · Form 424B5 ↗Earnings resultsAug 11 · Form 8-K ↗Leadership changeJul 8 · Form 8-K ↗

Stock awardCharles Maurice WeiserChief Financial Officer, Director

275,000 shares

Now owns 125,000 shares
Exercise price $2.16
Stock Option (right to buy)
2 transactions
Filed 7 days after trade

Jul 1Form 4 ↗

SoldBrad Ian MeyersChief Operating Officer

18,831 shares at $2.39 avg ($2.33 to $2.46) · $45K

-38% of holdings
Now owns 30,169 shares
Not a pre-planned sale
2 transactions
Filed NaN days after trade

Jun 12Form 4 ↗

Planned insider saleJun 11 · Form 144 ↗Quarterly reportMay 14 · Form 10-Q ↗Earnings resultsMay 14 · Form 8-K ↗Leadership changeMay 1 · Form 8-K ↗

GiftYaacov Nagar10% owner

1,440,000 shares at $2.48 · $3.6M

+435% of holdings
Now owns 1,771,263 shares
Filed same day

Apr 30Form 4 ↗

Source: SEC EDGAR filings. For informational purposes. Not investment advice.

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