US cleantech firm 374Water's Q2 revenue surges, net loss narrows on OC San milestone

374Water

18/08/2026 13:09

Overview
US cleantech firm's Q2 revenue rose 280% yr/yr, driven by project milestone completions
Gross margin for Q2 turned positive at 87%, up from negative margin last year
Net loss for Q2 narrowed to $2.7 mln from $4.6 mln yr/yr

Outlook
Company prioritizing capital toward commercial deployments and revenue-generating opportunities
374Water focusing on scaling Waste Destruction Services business and expanding municipal deployments
Company continues cost reduction efforts to strengthen financial position

Result Drivers
OC SAN MILESTONE - Completion of the Orange County Sanitation District Factory Acceptance Test enabled recognition of approximately $2.0 mln in revenue for Q2
TECHNOLOGY VALIDATION - Third-party validation of AirSCWO technology, including >99.9% PFAS destruction in Department of Defense testing, supported commercial progress
COST REDUCTION - Company reduced annualized operating costs by approximately $3.2 mln, prioritizing capital toward commercial deployments

Company press release: ID:nACSLzRXxa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Loss
 
$2.7 mln
 
Q2 EBIT
 
-$1.6 mln
 
Q2 Operating Expenses
 
$3.6 mln
 

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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.)