374Water Q2 revenue jumps 280% to $2.26 million

• 374Water reported Q2 2026 revenue of $2.26 million, up about 280% year over year, driven mainly by an Orange County Sanitation District project milestone.
• Net loss narrowed to $2.7 million from $4.6 million, while SCWO shares were down 0.8% at $2.46 in premarket trading.
• The company is expanding its Waste Destruction Services model after reporting more than 99.9% PFAS destruction in U.S. Department of Defense testing.

374Water (NASDAQ:SCWO) reported Q2 2026 revenue of $2.26 million, up about 280% year over year, as commercial project milestones contributed to sales.

Revenue increased from approximately $0.6 million a year earlier, while first-half revenue rose to $2.8 million from about $1.1 million.

Gross profit reached $1.98 million with an 87% margin, while operating loss narrowed to $1.6 million and net loss fell to $2.7 million.

Following the announcement, 374Water's share price was down 0.8% at $2.46 in premarket trading.

374Water ended June with $1.8 million in cash after first-half operating cash usage improved to $2.3 million from $7.6 million a year earlier.

The company said it reduced annualized operating costs by about $3.2 million while advancing municipal deployments and expanding its Orlando Waste Destruction Services infrastructure.