Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $588K | $852K | $190K | $24.0K | $86.6K | $48.1K | $3.02M | $744K | $445K | $215K |
| Revenue growth | — | 45.1% | -77.7% | -87.4% | 260.7% | -44.4% | 6169.3% | -75.3% | -40.1% | -51.7% |
| Gross profit | — | — | — | — | — | $48.1K | $337K | -$1.11M | -$913K | -$2.35M |
| Gross margin | — | — | — | — | — | 100.0% | 11.2% | -149.0% | -204.9% | -1093.5% |
| Operating income | -$61.5K | $431K | -$680K | -$412K | -$11.7K | -$3.17M | -$4.76M | -$8.64M | -$12.8M | -$21.1M |
| Operating margin | -10.5% | 50.6% | -357.7% | -1718.5% | -13.5% | -6582.1% | -157.7% | -1161.8% | -2874.3% | -9834.2% |
| Net income | -$124K | $404K | -$679K | -$515K | $40.3K | -$3.16M | -$4.69M | -$8.10M | -$12.4M | -$21.0M |
| Net margin | -21.1% | 47.4% | -357.2% | -2145.5% | 46.6% | -6579.2% | -155.5% | -1089.3% | -2791.4% | -9754.2% |
| EPS (diluted) | $0.00 | $0.01 | -$0.02 | -$0.02 | $0.00 | $0.03 | — | -$0.06 | -$0.92 | -$1.38 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$147K | $272K | $157K | -$287K | $64.8K | -$1.84M | -$4.95M | -$9.03M | -$10.6M | -$14.3M |
| Capital expenditures | — | — | — | — | $0.00 | $1.19K | $145K | $106K | $555K | $1.90M |
| Free cash flow | — | — | — | — | $64.8K | -$1.84M | -$5.09M | -$9.14M | -$11.1M | -$16.2M |
| Share buybacks | — | — | — | — | $300K | — | — | — | — | — |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $4.79K | $1.34K | $8.48K | $20.0K | $71.8K | $11.1M | $4.05M | $10.4M | $10.7M | $3.20M |
| Total assets | $363K | $509K | $104K | $37.5K | $104K | $12.4M | $9.92M | $16.1M | $19.2M | $11.4M |
| Total liabilities | $504K | $245K | $39.1K | $407K | $92.6K | $86.4K | $1.66M | $1.37M | $3.71M | $4.68M |
| Long-term debt | — | — | — | $306K | — | — | — | — | — | — |
| Shareholders' equity | -$141K | $263K | $65.0K | -$35.7K | $11.3K | $12.3M | $8.25M | $14.7M | $15.5M | $6.72M |
| Retained earnings | -$11.8M | -$11.4M | -$12.1M | -$12.6M | $4.59K | -$3.16M | -$7.85M | -$16.0M | -$28.4M | -$49.9M |
| Shares (wtd avg diluted) | 31.8M | 31.8M | 31.8M | 31.8M | 62.4M | 125M | 127M | 130M | 13.4M | 15.2M |
Every figure is extracted from 374Water Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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