AI Earnings Predictions for 374Water Inc. (SCWO)

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EXHIBIT 99.1

374Water Reports Second Quarter 2026 Financial Results; Revenue Increases More Than 280% Year-Over-Year

Quarterly revenue exceeds $2.2 million as the Company begins translating commercial milestones into financial results

MORRISVILLE, NC – August 18, 2026 / ACCESS Newswire / 374Water Inc. (NASDAQ: SCWO) ("374Water" or the "Company"), a leading cleantech and environmental services company deploying supercritical water oxidation technology for the destruction of PFAS and other organic waste streams, today reported financial results for the second quarter ended June 30, 2026.

Revenue for the second quarter of 2026 was $2.26 million, compared with approximately $0.6 million in the second quarter of 2025, representing an increase of approximately 280% quarter-over-quarter, driven by the completion project milestones, most notable the Orange County Sanitation District (“OC San”) Factory Acceptance Test, and associated revenues.  Revenue for the first six months of 2026 was $2.8 million, compared with approximately $1.1 million for the same period in 2025.

Gross profit for the quarter was $1.98 million, representing a gross margin of 87%, compared with a gross deficit of approximately $0.3 million and a negative gross margin in the second quarter of 2025.

“The second quarter marked an important achievement for 374Water, driven by our successful completion of the OC San Factory Acceptance Test, which enabled us to recognize approximately $2.0 million in revenue and demonstrate meaningful commercial progress,” said Danny Bogar, Chief Executive Officer of 374Water. “Beyond the revenue milestone, the greater accomplishment is what our team and technology have proven - AirSCWO can reliably destroy biosolids at the source and at scale. This milestone allows us to begin invoicing the remaining $2.6 million of the OC San contract as we achieve additional contractual milestones and, more broadly, demonstrates that AirSCWO is ready to address the massive and growing biosolids challenge—starting in California and extending across the United States.”

Second Quarter 2026 Financial Highlights

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Revenue: $2.26 million, an increase of approximately 280% from $0.6 million in Q2 2025.

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Gross profit: $1.98, compared with a gross deficit of approximately $0.3 million in Q2 2025.

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Gross margin: 87%, compared with approximately -46% in Q2 2025.

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Operating expenses: $3.6 million, compared with $4.3 million in Q2 2025.

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Operating loss: $1.6 million, compared with $4.6 million in Q2 2025.

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Net loss: $2.7 million, or $0.15 per share, compared with $4.6 million, or $0.32 per share, in Q2 2025.

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Cash used in operations: $(2.3) million for the six months ended June 30, 2026, compared with $(7.6) million during the comparable 2025 period.

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Cash and cash equivalents: $1.8 million as of June 30, 2026.

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Financial Position and Outlook

During the first half of 2026, 374Water continued to focus on strengthening its financial position while advancing the commercialization of AirSCWO™ and the development of its recurring Waste Destruction Services (“WDS”) business model.

The Company has also taken action to reduce its operating costs by approximately $3.2 million on an annualized basis, while prioritizing capital toward commercial deployments and revenue-generating opportunities.

Operational Accomplishments

Our team has been intensely focused on one objective: turning AirSCWO into a scalable Waste Destruction Services business while executing our projects. In just the last several months our team has achieved a series of milestones that solidify the foundation for that business:

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Secured our Orlando WDS facility through a long-term agreement with the City of Orlando, establishing an attractive operating location and the foundation of a significant regional waste destruction hub network.

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Expanded our relationship with the City of Orlando, creating the framework to grow our WDS operations and processing additional difficult waste streams using AirSCWO.

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Achieved >99.9% PFAS destruction in U.S. Department of Defense testing, providing important third-party validation of AirSCWO for a Federal priority and one of the most pressing human health and environmental challenges.

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Executed a strategic collaboration agreement with Arcadis, bringing together 374Water’s destruction technology with one of the world’s leading environmental engineering and consulting organizations to jointly execute commercial and government opportunities.

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Received additional validation from the U.S. Army Corps of Engineers, further demonstrating our ability to destroy PFAS and other recalcitrant compounds.

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Earned the coveted DIU Success Memo — “Golden Ticket” — through our partnership with Arcadis, establishing an important contracting pathway for AirSCWO to access and address the millions of gallons of AFFF stockpiles across all branches of the Department of D

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374Water Reports Preliminary Second Quarter 2026 Revenue of $2.2M and Advances Commercial Deployments Across Municipal and Federal Markets

374Water’s 2026 first half revenue exceeds $2.8M, more than doubling the Company’s revenue for the same period last year.

MORRISVILLE, NC / ACCESS Newswire / August 11, 2026 / 374Water Inc. (NASDAQ:SCWO) ("374Water" or the "Company"), a leading cleantech environmental services company deploying supercritical water oxidation technology for the permanent destruction of organic waste including PFAS through its proprietary AirSCWO™ technology, today provided a business update in advance of reporting its financial results for the second quarter ended June 30, 2026.  The Company will release its complete financial results on August 14, 2026.

“The second quarter of 2026 has been about building towards long-term growth from a strong technical and operational foundation,” said Danny Bogar, Chief Executive Officer of 374Water. “Since I assumed the role of CEO earlier this year, our team has remained focused on alignment and execution.  We are converting years of technology development into rapidly growing revenue, more deployed systems, long-term contracts, and durable partnerships. We have expanded our flagship Waste Destruction Services hub in Orlando, executed a MOU with Arcadis to pursue federal PFAS destruction opportunities, completed a rigorous government PFAS demonstration with the Department of Defense validated by independent results, and cleared a critical Factory Acceptance Test for California’s Orange County Sanitation District.”

“While there is still significant work ahead, I believe the progress we’ve made positions 374Water to capitalize on the growing demand for permanent destruction solutions.  As society and regulatory pressures increase, customers will seek proven, scalable solutions for the destruction of harmful and persistent pollutants.  The second half of 2026 will be about creating additional partnerships, expanding our facility and capacity in Orlando, and commercializing our AFFF waste destruction services.”

Second Quarter and Recent Business Highlights

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Preliminary second quarter revenue exceeded $2.2M vs. $0.6M in 2025, driven by approximately $2.0M recognized following the OC San Factory Acceptance Test

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Preliminary first half revenue of approximately $2.8M vs. $1.1M in 2025

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Continued progress on commercial equipment sales and deliveries, including:

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Successfully completing the Orange County Sanitation District (“OC San”) Factory Acceptance Test, a key commercial milestone that positions the Company to invoice approximately $2.6M in remaining contract billings, while supporting revenue recognition of approximately $1.1M of remaining contract value.

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Receiving an order for $4.8M from Olathe, KS,

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Deploying an AirSCWO mobile system to St. Cloud, MN for a $600,000 pilot project which is now in its third phase, and

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Expanding the Waste Destruction Services (“WDS”) facility in Orlando, FL.

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The company also continues discussions with strategic industry participants regarding project development, commercial partnerships, and infrastructure capital opportunities.

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Expanding the Waste Destruction Services Platform

The Orlando regional hub is designed as the Company's first recurring-revenue waste destruction facility.  As customer volumes increase, management believes the facility will become a scalable cash-generating asset supporting municipal, industrial, and federal customers while serving as the blueprint for future regional Waste Destruction Services hubs.  The Orlando WDS hub now includes approximately 88,000 gallons of waste storage capacity, allowing the Company to receive and stage significantly larger volumes of PFAS-contaminated waste.

Management believes the Orlando Waste Destruction facility has the potential to generate multi-million-dollar annual recurring revenues as customer contracts are secured and processing volumes ramp up.

Arcadis MOU Establishes Commercial Framework for Federal PFAS Destruction

During the quarter, 374Water announced a strategic relationship with Arcadis, one of the world’s leading engineering and environmental consulting firms.  This collaboration is expected to accelerate commercial opportunities primarily across the Federal and Industrial markets by combining Arcadis’ global engineering capabilities with 374Water’s destruction technology.

Management believes the U.S. government's need to destroy PFAS-containing waste, including AFFF and other contaminated materials, represents a multi-billion-dollar long-term remediation market. Through its collaboration with Arcadis and successful Department of Defense demonstration programs, the Company is positioning itself to compete for future federal destruction projects as procurement opportunities emerge.

Factory Acceptance Test and Delivery Scheduled for OC Sanita

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