OriginClear, Inc. has reported significant financial developments in its latest 10-Q filing for the quarter ending September 30, 2025. The company generated revenue of $1.71 million for the third quarter, a substantial increase of 193% compared to $583,491 in the same period last year. For the nine months ending September 30, 2025, total revenue reached $4.06 million, up 57% from $2.58 million in the prior year. Despite this growth, the company reported a net loss of $3.33 million for the quarter, compared to a loss of $2.77 million in the third quarter of 2024, indicating ongoing challenges in profitability.
The financial performance reflects a notable shift in the company's operational focus. OriginClear's subsidiary, Water On Demand, Inc. (WODI), has transitioned away from its Modular Water Systems (MWS) division, which was officially wound down in May 2025. This strategic decision was made to streamline operations and concentrate on the more profitable Progressive Water Treatment (PWT) business, which specializes in custom-engineered water treatment systems. The company is now also pursuing a financial technology strategy aimed at developing an Opportunity Zone Fund to finance decentralized water treatment systems.
Operationally, OriginClear has seen a reduction in both selling and marketing expenses, which fell to $332,513 in Q3 2025 from $797,311 in Q3 2024, reflecting a strategic cutback in advertising and project-specific marketing initiatives. General and administrative expenses also decreased significantly, totaling $468,468 for the quarter, down from $1.47 million in the previous year. These reductions contributed to a lower overall operating loss of $319,363, compared to $2.20 million in the same quarter of 2024.
The company has also made strides in its capital structure, with cash and cash equivalents increasing to $756,729 as of September 30, 2025, from $371,515 at the end of 2024. However, total liabilities remain high at $27.52 million, down from $52.29 million at the end of the previous fiscal year, primarily due to the retirement of convertible promissory notes. The company is actively seeking additional financing to support its operations and growth initiatives, particularly through convertible notes and preferred stock offerings.
Looking ahead, OriginClear's management anticipates that revenue growth will continue to be driven by PWT's backlog, while the elimination of the MWS division allows for a more focused approach to financing activities. The company acknowledges that its ability to raise capital on favorable terms will be critical for sustaining operations and executing its decentralized water-finance strategy.
About ORIGINCLEAR, INC.
OriginClear, Inc. develops innovative water treatment solutions, including modular, prefabricated systems and full-service water-as-a-service models. Serving municipal, industrial, and commercial markets worldwide, the company focuses on decentralized, scalable, and durable technologies to improve water quality and reduce costs. Through its subsidiaries, it incubates new ventures, licenses patents, and offers customized systems, emphasizing sustainability, efficiency, and long-term environmental impact.
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