OriginClear Inc
originclear.comWhat Do They Do?
Designs and builds engineered water-treatment systems, pump stations and related equipment for industrial, municipal and commercial customers.
10-K for FY2025, filed Apr 13, 2026PWT, based in Sherman, Texas, designs, builds, and services a broad range of industrial water treatment solutions. It seeks to provide a…View ↗
PWT designs and manufactures turnkey water treatment systems for municipal, industrial and pure water applications. Its competitive…View ↗
Modular and prefabricated treatment and conveyance systems include prefabricated and prepackaged wastewater treatment and conveyance…View ↗
How Do They Make Money?
Customers pay for engineered treatment systems through contracts as work is completed. Other product sales are paid when shipped, while services are paid when performed.
10-K for FY2025, filed Apr 13, 2026Revenue and related costs on equipment contracts are recognized over time as performance obligations are satisfied in accordance with ASC…View ↗
The Company recognizes revenue in accordance with ASC 606, Revenue from Contracts with Customers. Revenue is recognized when control of the…View ↗
We recognize revenue when services are performed, and at the time of shipment of products, provided that evidence of an arrangement exists…View ↗
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10-K for FY2025, filed Apr 13, 2026
FY2025 revenue by product or service ↗
$6.8M
-
10-K for FY2025, filed Apr 13, 2026
$6.8M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Equipment Contracts
Recurring
10-K for FY2025, filed Apr 13, 2026 |
87% |
Equipment Contracts, FY2025
$5.9M Sources
|
Recurring |
|
Component Sales
Sold outright
|
0.0% |
Component Sales, FY2025
$125 Sources
|
Sold outright |
|
Pump Stations
Sold outright
10-K for FY2025, filed Apr 13, 2026 |
11% |
Pump Stations, FY2025
$733.4K Sources
|
Sold outright |
|
Services Sales
Sold outright
|
2.0% |
Services Sales, FY2025
$137.8K Sources
|
Sold outright |
Who Are Their Customers?
The company sells water-treatment and conveyance systems to commercial, industrial and municipal customers through direct and indirect channels, including manufacturers’ representatives with regional end-user connections.
10-K for FY2025, filed Apr 13, 2026
Do Revenues Turn Into Profits?
No. It lost $18.3M in FY2025.
10-K for FY2025, filed Apr 13, 2026
How Are They Changing?
- Net income
-
Sources
10-Q for Q1 FY2026, filed May 29, 2026
−$2.3MView ↗
- ▲ +248% (Loss)
- vs −$656.4K in Q1 FY2025
10-Q for Q1 FY2026, filed May 29, 2026
Open tableView ↗
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May 13, 2026
CFO Cory Mertes becomes interim CEO
Sources
8-K, filed May 13, 2026
Cory Mertes, the Company's Chief Financial Officer and member of the Board of Directors, will serve as interim Chief Executive Officer.View ↗
Growing. Revenue grew 65% in 4 years, from $4.1M in FY2021 to $6.8M in FY2025, about 13% a year.
Modular Water Systems discontinued
The older report described Modular Water Systems as an operating product line based on licensed prefabricated-system technology; the latest says the unit was wound down and its assets disposed of.
10-K for FY2022, filed Apr 17, 2023 10-K for FY2025, filed Apr 13, 2026On May 8, 2025, WODI’s Board approved the wind-down of MWS as part of a strategic shift away from direct equipment competition. Disposal of…View ↗
Who Do They Compete With?
Competes with PureAqua, Harn RO, and Membrane Specialists
10-K for FY2025, filed Apr 13, 2026PWT operates in a market with numerous system integration suppliers offering solutions based on various technologies, including PureAqua in…View ↗
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