374Water (SCWO)
Develops AirSCWO systems and waste-destruction services for organic waste streams.
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Develops modular AirSCWO systems and provides waste-destruction services for organic waste streams, including PFAS-impacted materials. It serves industrial, municipal and federal markets through a commercialization model that combines equipment deployments with services.
AirSCWO oxidizes organic contaminants and is designed to leave reusable water, inert minerals, vent gas and recoverable energy. The supercritical-water-oxidation process addresses a broad range of organic waste streams, including PFAS-impacted materials. Modular, decentralized systems and Waste Destruction Services target industrial, municipal and federal markets; deployments have included municipal, Department of Defense and Space Force settings.
Operations remain in commercialization and do not yet have a demonstrated full-scale operating history. Progress depends on converting demonstrations and equipment or service deployments into full-scale operations, as well as execution through recent executive transitions.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.8M · Total debt $4.1M · Total assets $13.0M · Shareholders' equity $3.0M
- Revenue
- $2.3M
- Operating income
- −$1.6M
- Net income
- −$2.7M
No dividends on record.
| Institutions | 10.20% | 1.78M shares | |
|---|---|---|---|
| 44 holders · as of Jun 30, 2026 | |||
| Insiders | 27.95% | 4.89M shares | |
| 17 holders · as of Jun 15, 2026 | |||
| Other | 61.85% | 10.82M shares | |
| remainder | |||
17.50M company shares as of Sep 18, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Marc DeshussesInsiderdirector, 10 percent owner | 12.95% | 2.27M | filed Nov 19, 2024 |
Yaacov NagarInsider10 percent owner | 10.12% | 1.77M | filed Apr 30, 2026 |
Vanguard Capital Management LLCInstitution | 1.84% | 322,788 | as of Jun 30, 2026 |
Captrust Financial AdvisorsInstitution | 1.18% | 206,738 | as of Jun 30, 2026 |
Stephen H. McKnightInsiderdirector | 1.09% | 191,500 | filed Feb 27, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 12, 2026 | Brad Ian Meyers | officer: Chief Operating Officer | −9,831 | $2.33 |
| Jun 11, 2026 | Brad Ian Meyers | officer: Chief Operating Officer | −9,000 | $2.46 |
| Dec 16, 2025 | Kline Russell | officer: Chief Financial Officer | +20,000 | $0.2200 |
| Dec 16, 2025 | Stephen J. Jones | director, officer: Interim CEO | +450,000 | $0.2311 |
| Oct 23, 2025 | Yaacov Nagar | 10 percent owner | −473,211 | $0.4340 |
- Clean Harbors
High-temperature PFAS destruction for municipal, federal and industrial waste
- Xylem
Municipal and industrial PFAS water treatment with mobile systems
- Perma-Fix Environmental Services
Chemical PFAS destruction for concentrated liquid waste streams
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| 374Water | $3.13 | +9.30% | $50.0M | — | — | 26.5 | +280.2% |
| Clean Harbors | $313.88 | +0.79% | $16.44B | 37.8 | 31.4 | 2.6 | +12.0% |
| Xylem | $107.39 | +0.14% | $25.04B | 25.5 | 18.2 | 2.7 | +1.5% |
| Perma-Fix Environmental Services | $15.94 | −8.07% | $367.7M | — | — | 6.4 | −11.7% |
| Median | 31.7 | 24.8 | 2.7 | +1.5% |