374Water Inc (SCWO)

Over the past six months, 374Water, Inc.'s stock price has increased by 65.14%. In January 2026, the company regained compliance with the NASDAQ minimum bid price requirement. In March 2026, Daniel Bogar was appointed as the new President and CEO. The company reported its full-year 2025 financial results, showing a decline in revenue and an increased net loss. 374Water received a purchase order from Garney Construction for an AirSCWO system deployment at the City of Olathe Municipal Wastewater Facility. The company received approval from the City of Orlando for a licensed Waste Destruction Services hub. 374Water readied a mobile AirSCWO system for deployment to St. Cloud, Minnesota, for pilot operations. In September 2025, 374Water announced a strategic hosting and collaboration agreement with Crystal Clean focused on PFAS waste destruction.

There is no explicit information indicating significant demand seasonality for 374Water, Inc.'s products and services. The demand for its AirSCWO technology appears to be driven by ongoing and continuous needs for waste destruction, particularly for PFAS, biosolids management, industrial waste streams, and emerging contaminants.

374Water, Inc. is a cleantech environmental services company specializing in wastewater treatment and waste management solutions. The company's core business is centered on its proprietary AirSCWO technology, which destroys and mineralizes hazardous and non-hazardous organic wastes, converting them into clean water, inert minerals, and recoverable heat energy. 374Water provides end-to-end solutions, serving municipal utilities, federal agencies, industrial manufacturing facilities, and waste management companies.

Headquartered in Morrisville, North Carolina, 374Water maintains engineering and testing facilities in Texas. The company has expanded its footprint through collaborations and partnerships across North America, Europe, and Asia. Key operational hubs include Orlando, Florida, and manufacturing operations in Kokomo, Indiana. The company is actively involved in projects in various U.S. locations, including St. Cloud, Minnesota, and Olathe, Kansas.

374Water, Inc. has focused on establishing itself as a leader in cleantech and waste destruction, emphasizing its mission to create a greener future. The company's AirSCWO technology is highlighted for its effectiveness in destroying pollutants and reducing solid waste volume. Recent events contributing to its reputation include securing significant contracts and system deployments for PFAS destruction and collaborations with partners like Crystal Clean. The appointment of a new CEO has been presented as a strategic move to enhance execution and commercialization.

374Water, Inc. is owned by a mix of institutional shareholders and insiders. As of early April 2026, institutional shareholders hold 8.80% of the company, while insiders hold 454.52%. Major institutional owners include Vanguard Group Inc, Hamilton Lane Advisors Llc, D.a. Davidson & Co., Geode Capital Management, Llc, Millennium Management Llc, BlackRock, Inc., Captrust Financial Advisors, Advisor Group Holdings, Inc., and Jane Street Group, Llc. Prominent individual insider shareholders include Yaacov Nagar, Marc Deshusses, and Terry Merrell, with Yaacov Nagar being the largest individual shareholder.