374Water Q1 revenue flat at $551K; gross margin jumps to 63% from 25% YoY; advances key contracts

374Water Inc.

2026-Q1 EPS reported -$0.26 revenue$551,155

Revenue $551,155 (flat YoY); gross margin 63% vs 25% – 38 percentage point improvement.
Net loss widened to $4.57M from $3.70M; operating cash burn improved 28% to $2.51M.
Signed 5-year WDS agreement with City of Orlando; received $2.2M milestone from Garney for Olathe contract ($4.5M total).
Deployed mobile AirSCWO to St. Cloud, MN for 6-month PFAS campaign; OC San AirSCWO 6 passed factory test.
WDS facility buildout underway; expects initial monthly revenue $100-200K, scaling to >$400K by late 2027.

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