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Rising costs deepen 374Water (NASDAQ: SCWO) 2025 net loss and cash drain
374Water (NASDAQ: SCWO) reported a significant widening of its net loss to $21.0 million in 2025 from $12.4 million the prior year, primarily due to a 58% increase in operating expenses to $18.8 million. The company’s cash and cash equivalents also saw a sharp decline from $10.7 million to $3.2 million, highlighting a weakened liquidity position despite some commercial traction in PFAS destruction. Management plans to focus on disciplined capital allocation, scaling its AirSCWO platform, and building an Orlando waste destruction hub to address these financial challenges and drive future growth.