374Water posts $2.2M Q2 revenue as municipal deployments advance

374Water said preliminary second-quarter 2026 revenue topped $2.2 million and first-half revenue exceeded $2.8 million, more than doubling year-ago levels. The company also said it advanced projects in Orlando, Orange County, Olathe and St. Cloud as it pushes commercial sales of its AirSCWO waste-destruction systems.

Why it matters: - 374Water is showing early revenue traction from commercial deployments, which is central to its shift from technology development to recurring waste-destruction business. - The company is also building a municipal and federal project pipeline that could support longer-term revenue if deployments convert into operating contracts.

What happened: - 374Water reported preliminary second-quarter 2026 revenue above $2.2 million, up from $0.6 million in the same quarter of 2025. - Preliminary first-half 2026 revenue reached about $2.8 million, compared with $1.1 million a year earlier. - The company said it will release full second-quarter financial results on Aug. 14, 2026. - Chief Executive Officer Danny Bogar said the quarter focused on turning technology development into revenue, deployed systems and long-term partnerships. - 374Water said it expanded its Waste Destruction Services hub in Orlando, executed a memorandum of understanding with Arcadis for federal PFAS opportunities, completed a Department of Defense PFAS demonstration with independent validation, and cleared a Factory Acceptance Test for Orange County Sanitation District.

The details: - 374Water said about $2.0 million of second-quarter revenue came after the Orange County Sanitation District Factory Acceptance Test. - The Orange County Sanitation District milestone positions 374Water to invoice about $2.6 million in remaining contract billings and recognize about $1.1 million in remaining contract value as work advances. - The company said it received a $4.8 million order from Olathe, Kansas. - 374Water said it deployed an AirSCWO mobile system to St. Cloud, Minnesota for a $600,000 pilot project that is now in its third phase. - The Orlando Waste Destruction Services site now includes about 88,000 gallons of waste storage capacity. - 374Water said the Orlando hub is intended to be its first recurring-revenue waste destruction facility and a model for future hubs. - Management said the Orlando facility could generate multi-million-dollar annual recurring revenue as contracts and processing volumes increase. - 374Water said it continues talks with strategic industry participants on project development, commercial partnerships and infrastructure capital.

Between the lines: - The quarter suggests 374Water is moving from one-off technical validation toward repeatable commercial execution. - The Arcadis relationship matters because it could help 374Water reach federal and industrial buyers at a time when PFAS cleanup demand is growing. - The company’s emphasis on Orange County, Olathe, St. Cloud and Orlando shows a strategy built around reference sites that can support future sales. - The revenue mix still appears tied to milestone-based project work, so sustained growth likely depends on converting pilots and demonstrations into operating contracts.

What's next: - 374Water plans to report complete second-quarter results on Aug. 14, 2026. - The company and Orange County Sanitation District plan to deploy the commissioning team and system in October. - 374Water expects to keep expanding the Orlando facility and commercializing its AFFF waste-destruction services in the second half of 2026. - The company said it will pursue additional partnerships, build capacity in Orlando and seek more revenue visibility from existing contracts.

The bottom line: - 374Water is still early, but the company now has more revenue, more deployments and a clearer commercial pipeline than it did a year ago. - More information