374WATER INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $215.0K | $445.4K | $744.0K | $3.0M | $48.1K | $86.6K | $24.0K | $190.1K |
| Cost of Revenue | $2.6M | $1.4M | $1.9M | $2.7M | $0 | $14.2K | — | — |
| Gross Profit | $-2.4M | $-912.7K | $-1.1M | $336.5K | $48.1K | $72.3K | — | — |
| Gross Margin | -1,093.5% | -204.9% | -149.0% | 11.2% | 100.0% | 83.5% | — | — |
| Operating Expenses | ||||||||
| Research & Development | $2.5M | $2.1M | $1.5M | $1.1M | $375.0K | $57.7K | $218.9K | $630.7K |
| SG&A Expense | $5.2M | $2.8M | $2.7M | $1.6M | $1.1M | $17.5K | $217.5K | $239.4K |
| Operating Income | $-21.1M | $-12.8M | $-8.6M | $-4.8M | $-3.2M | $-11.7K | $-412.4K | $-680.0K |
| Operating Margin | -9,834.2% | -2,874.3% | -1,161.8% | -157.7% | -6,582.1% | -13.5% | -1,718.5% | -357.7% |
| Interest Expense | — | — | — | — | — | $135.3K | $33.3K | $699 |
| Pretax Income | $-21.0M | $-12.4M | $-8.1M | $-4.7M | $-3.2M | $40.3K | $-514.9K | $-679.1K |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | $-21.0M | $-12.4M | $-8.1M | $-4.7M | $-3.2M | $40.3K | $-514.9K | $-679.1K |
| Net Margin | -9,754.2% | -2,791.4% | -1,089.3% | -155.5% | -6,579.2% | 46.6% | -2,145.5% | -357.2% |
| EPS (Basic) | — | — | — | — | $0.03 | $0.00 | $-0.02 | $-0.02 |
| EPS (Diluted) | $-1.38 | $-0.92 | $-0.06 | — | $0.03 | $0.00 | $-0.02 | $-0.02 |
| Shares Outstanding (Basic) | — | — | — | 126.7M | 94.0M | 62.4M | 31.8M | 31.8M |
| Shares Outstanding (Diluted) | 15.2M | 13.4M | 130.4M | 126.7M | 94.0M | 62.4M | 31.8M | 31.8M |
| Dividends Per Share | — | — | — | — | — | — | — | — |