Quarterly ResultMay 14, 2026, 04:57 PM
374Water Q1 Gross Margin Expands to 63%; Revenue $551K
AI Summary
374Water Inc. reported its first quarter 2026 financial results, showing a significant expansion in gross margins to 63% from 25% year-over-year, with revenue slightly increasing to $551,155. Despite an increased net loss of $(4.57) million, the company improved its operating cash efficiency by 28%. The company also highlighted strong operational momentum, including a new 5-year agreement with the City of Orlando, a $2.2 million milestone payment for the City of Olathe contract, and the deployment of its mobile AirSCWO system to St. Cloud, MN.
Key Highlights
- Gross margin expanded to 63% ($348,412) in Q1 2026, up 38 percentage points year-over-year.
- Revenue for Q1 2026 was $551,155, a slight increase from $543,100 in Q1 2025.
- Net loss increased to $(4,571,623) in Q1 2026 from $(3,698,414) in Q1 2025.
- Cash used in operating activities improved 28% to $(2,508,341) in Q1 2026.
- Secured $800,000 in financing by March 31, 2026, with an additional $1.1M post-quarter.
- Signed a 5-year agreement with the City of Orlando for its Waste Destruction Services facility.
- Received a $2.2M milestone payment for the City of Olathe contract, valued over $4.5M.
- Mobile AirSCWO system deployed to St. Cloud, MN for a six-month service campaign.
Price Impact
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