374Water Inc. reported its financial results for the first quarter of 2025, with revenue reaching $0.5 million, compared to $0.3 million in the same period last year. The company attributed this increase to higher service revenues following a full-scale demonstration for a customer, despite a decrease in equipment manufacturing revenue. The net loss for the three months ended March 31, 2025, was $3.7 million, widening from a $2.0 million loss in the prior year. Total operating expenses rose by 106% to $3.9 million, up from $1.9 million in the previous year. This increase was primarily due to higher general and administrative expenses, professional fees, and compensation costs. The growth in general and administrative expenses was linked to increased stock-based compensation, efforts to strengthen the executive team, relocation of the manufacturing facility, and ongoing commercialization initiatives. An increase in professional fees was mainly attributed to legal costs following a litigation settlement and recruiting fees due to a rise in headcount. Compensation costs rose as the company expanded its operations. Cash and cash equivalents as of March 31, 2025, stood at $6.9 million, a decrease from $10.7 million as of December 31, 2024. Working capital was $8.7 million, down from $11.7 million as of March 31, 2024. In terms of operations, 374Water continued to advance its deployment efforts, including a planned rollout to Orange County Sanitation in the second half of the year. The company also secured a contract with the State of North Carolina to destroy 1,000 gallons of aqueous film forming foam containing PFAS, with potential for an additional 29,000 gallons in a later phase. To support these initiatives, the company expanded its executive team, appointing Raj Melkote as Chief Technology Officer to enhance strategy, product commercialization, and technology innovation.