374Water Q2 revenue more than triples year over year

374Water

11/08/2026 13:10

Overview
US cleantech environmental services firm's preliminary Q2 2026 revenue more than tripled yr/yr
Preliminary first half revenue more than doubled yr/yr, surpassing $2.8 mln
Company attributes growth to new contracts, Orlando hub expansion, and OC San milestone

Outlook
Company expects recurring growth driven by new contracts, facility expansion, and strategic partnerships
374Water anticipates additional invoicing of $2.6 mln under the OC San contract as milestones are met
Management sees opportunity to expand St. Cloud pilot and grow recurring revenue at Orlando hub

Result Drivers
OC SAN MILESTONE - Completion of Factory Acceptance Test for Orange County Sanitation District enabled recognition of contract revenue
ORLANDO HUB EXPANSION - Expanded Orlando Waste Destruction Services facility increased capacity for PFAS-contaminated waste and recurring revenue potential
STRATEGIC PARTNERSHIPS - MOU with Arcadis and government PFAS demonstration programs positioned company for federal destruction projects

Company press release: ID:nACS2bSzja

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$2.20 mln
 

Reuters Recommended Reads
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Aug 10 - Consolidated Water Q2 revenue falls on manufacturing segment weakness

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)