Airjoule Technologies Corp (AIRJ) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 14, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the AIRJ SEC filings page.
This page shows Airjoule Technologies Corp (AIRJ) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Operating cash consumption, minimal capital spending, and earnings that swing independently of core operations dominate the financial profile.
FY2024’s net profit coexisted with an operating loss and negative operating cash flow; in FY2025, net income turned negative even as the operating loss narrowed. This reversal indicates that reported earnings were influenced by items outside recurring operations, while cash tracked the operating deficit more closely.
FY2025 operating cash flow was
FY2025 financing cash flow was
Financial Health Signals
Airjoule Technologies Corp does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Airjoule Technologies Corp passes 2 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass.
Airjoule Technologies Corp reported a net loss of $9.0M while operations used $5.6M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Airjoule Technologies Corp's EBITDA was -$4.1M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 1.2% from the same quarter a year earlier. Against the prior quarter it is down 14.0%.
Airjoule Technologies Corp reported -$8.5M in net income in Q2 2026. This represents a decrease of 439.5% from the same quarter a year earlier. Against the prior quarter it is up 82.9%.
Not reported for Q2 2026.
Not reported for Q2 2026.
Cash & Balance Sheet
Airjoule Technologies Corp recorded an outflow of $1.4M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents an increase of 37.0% from the same quarter a year earlier. Against the prior quarter it is up 40.1%.
Airjoule Technologies Corp held $41.4M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
Airjoule Technologies Corp's ROE was -3.4% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 4.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 17.2 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
Airjoule Technologies Corp reported no capital expenditure in Q2 2026. This represents a decrease of 100.0% from the same quarter a year earlier. Against the prior quarter it is down 100.0%.
Not reported for Q2 2026.
Not reported for Q2 2026.
AIRJ Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| R&D Expenses | N/A | N/A | N/A | N/A | $402K-61.8% | $388K-54.2% | N/A | N/A |
| SG&A Expenses | $3.8M+1.8% | $3.3M+20.0% | N/A | $3.0M+21.5% | $3.8M+16.8% | $2.8M+242.6% | N/A | $2.4M-31.7% |
| Operating Income | -$4.1M+1.2% | -$3.6M-13.1% | N/A | -$3.0M-26.5% | -$4.2M+4.0% | -$3.2M+94.3% | N/A | -$2.4M+47.8% |
| EBITDA | -$4.1M+1.2% | -$3.6M-13.1% | N/A | -$3.0M-26.5% | -$4.2M+4.1% | -$3.2M+94.3% | N/A | -$2.4M+47.8% |
| Income Tax | -$2.9M-87.4% | -$14.7M-797.6% | N/A | -$2.4M-88.9% | -$1.6M-25.9% | -$1.6M-101.9% | N/A | -$1.3M-531.1% |
| Net Income | -$8.5M-439.5% | -$49.8M-434.9% | N/A | -$4.0M-111.5% | $2.5M-81.3% | $14.9M-91.8% | N/A | $35.0M+869.9% |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, Interest Expense, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
AIRJ Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $306.8M-18.4% | $296.5M-18.9% | $340.6M-7.9% | $372.7M-0.4% | $376.1M-0.8% | $365.6M-1.6% | $369.9M+66404.0% | $374.4M+230.1% |
| Current Assets | $43.2M+34.9% | $32.8M+34.2% | $23.8M-24.3% | $27.9M-17.1% | $32.0M-11.0% | $24.4M-12.4% | $31.5M+6156.5% | $33.6M+8902.1% |
| Cash & Equivalents | $41.4M+35.8% | $31.1M+35.2% | $21.8M-22.0% | $26.0M-15.2% | $30.5M-12.0% | $23.0M-16.1% | $28.0M+47260.4% | $30.7M+10330.1% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $58.2M-33.5% | $55.2M-42.1% | $72.7M-38.3% | $86.4M-20.5% | $87.5M-41.2% | $95.4M-45.0% | $117.7M+1723.5% | $108.7M-6.6% |
| Current Liabilities | $2.2M-13.3% | $1.4M-14.8% | $2.3M-43.7% | $2.0M-56.2% | $2.5M-28.7% | $1.7M-85.8% | $4.0M-37.5% | $4.5M-45.6% |
| Non-Current Liabilities | $56.0M-34.1% | $53.8M-42.6% | $70.4M-38.1% | $84.4M-19.0% | $85.0M-41.6% | $93.8M-42.0% | $113.7M+416483.2% | $104.2M-3.6% |
| Total Equity | $248.6M-13.8% | $241.3M-10.7% | $267.9M+6.3% | $286.4M+7.8% | $288.6M+25.4% | $270.2M+36.4% | $252.1M+4372.5% | $265.7M+9127.4% |
| Retained Earnings | $131.1M-39.3% | $139.7M-34.6% | $189.5M-4.6% | $211.9M-0.4% | $215.9M+21.4% | $213.4M+29.8% | $198.5M+1256.4% | $212.8M+1686.7% |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.
AIRJ Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.4M+36.7% | -$2.3M-3344.3% | -$1.6M+40.8% | -$1.9M+53.0% | -$2.2M+80.0% | $72K+101.1% | -$2.7M-156.3% | -$4.0M-81.9% |
| Depreciation & Amortization | $4K+92.4% | $4K+145.7% | $3K+48.5% | $3K+34.4% | $2K+88.2% | $2K+46.4% | $2K+91.7% | $2K+96.7% |
| Stock-Based Compensation | N/A | $1.3M+34.1% | N/A | $1.2M+99.4% | $1.4M+853.5% | $984K-94.1% | N/A | $588K |
| Capital Expenditures | $0-100.0% | $20K | $0-100.0% | $7K-30.0% | $11K | $0 | $3K | $9K+224.0% |
| Free Cash Flow | -$1.4M+37.0% | -$2.4M-3371.3% | -$1.6M+40.9% | -$1.9M+53.0% | -$2.2M | $72K | -$2.7M-156.6% | -$4.0M-82.1% |
| Investing Cash Flow | -$2.5M+48.7% | -$10.0M-95.1% | -$5.0M-165080.0% | -$2.8M-28987.6% | -$4.9M-74299.4% | -$5.1M+48.6% | -$3K | -$9K-224.0% |
| Financing Cash Flow | $14.2M-2.6% | $21.6M+51643.3% | $2.4M+6413.6% | $134K+304.8% | $14.6M-20.5% | $42K-99.9% | $37K+4265.2% | $33K |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
AIRJ Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Return on Equity | -3.4%-4.3pp | -20.6%-26.2pp | N/A | -1.4%-14.6pp | 0.9%-5.0pp | 5.5%-86.1pp | N/A | 13.2% |
| Return on Assets | -2.8%-3.4pp | -16.8%-20.9pp | N/A | -1.1%-10.4pp | 0.7%-2.9pp | 4.1%-44.8pp | N/A | 9.3%+13.4pp |
| Current Ratio | 19.70+7.0x | 23.23+8.5x | 10.52+2.7x | 14.15+6.7x | 12.67+2.5x | 14.75+12.4x | 7.83+7.7x | 7.46+7.4x |
| Debt-to-Equity | 0.23-0.1x | 0.23-0.1x | 0.27-0.2x | 0.30-0.1x | 0.30-0.3x | 0.35-0.5x | 0.47 | 0.41 |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Asset Turnover, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Airjoule Technologies Corp AIRJ | FY2025 | N/A | -$9.0M | N/A | $324.2M | — |
| Perma Pipe PPIH | FY2026 | $210.9M | $17.0M | 8.1% | $240.1M | 69/100 |
| Identiv INVE | FY2025 | $21.5M | -$18.0M | -83.8% | $64.7M | 38/100 |
| Alpha Pro Tech APT | FY2025 | $59.1M | $3.5M | 5.9% | $53.7M | 60/100 |
| Aspen Aerogels Inc ASPN | FY2025 | $271.1M | -$389.6M | N/A | $401.7M | 41/100 |
| Jeld Wen Holding JELD | FY2025 | $3.2B | -$621.2M | -19.4% | $182.2M | 19/100 |
Where Airjoule Technologies Corp Ranks
Frequently Asked Questions
Is Airjoule Technologies Corp profitable?
No, Airjoule Technologies Corp (AIRJ) reported a net income of -$9.0M in fiscal year 2025.
What is Airjoule Technologies Corp's EBITDA?
Airjoule Technologies Corp (AIRJ) had EBITDA of -$13.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Airjoule Technologies Corp's return on equity (ROE)?
Airjoule Technologies Corp (AIRJ) has a return on equity of -3.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Airjoule Technologies Corp's free cash flow?
Airjoule Technologies Corp (AIRJ) recorded an outflow of $5.7M in free cash flow during fiscal year 2025. This represents a 76.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Airjoule Technologies Corp's operating cash flow?
Airjoule Technologies Corp (AIRJ) recorded an outflow of $5.6M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Airjoule Technologies Corp's total assets?
Airjoule Technologies Corp (AIRJ) had $340.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Airjoule Technologies Corp's capital expenditures?
Airjoule Technologies Corp (AIRJ) invested $18K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Airjoule Technologies Corp spend on research and development?
Airjoule Technologies Corp (AIRJ) invested $1.0M in research and development during fiscal year 2025.
What is Airjoule Technologies Corp's current ratio?
Airjoule Technologies Corp (AIRJ) had a current ratio of 10.52 as of fiscal year 2025, which is generally considered healthy.
What is Airjoule Technologies Corp's debt-to-equity ratio?
Airjoule Technologies Corp (AIRJ) had a debt-to-equity ratio of 0.27 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Airjoule Technologies Corp's return on assets (ROA)?
Airjoule Technologies Corp (AIRJ) had a return on assets of -2.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Airjoule Technologies Corp's P/E ratio?
Airjoule Technologies Corp (AIRJ) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $324.2M as of Sep 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Airjoule Technologies Corp's price-to-sales ratio?
Airjoule Technologies Corp (AIRJ) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $324.2M as of Sep 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
How does Airjoule Technologies Corp's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Airjoule Technologies Corp (AIRJ) held $21.8M in cash, cash equivalents and investments, and reported an operating cash outflow of $5.6M over that year. Dividing the one by the other, the reported balance equals about 47 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is Airjoule Technologies Corp's Piotroski F-Score?
Airjoule Technologies Corp (AIRJ) has a Piotroski F-Score of 2 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Airjoule Technologies Corp's earnings high quality?
Airjoule Technologies Corp (AIRJ) reported a net loss of $9.0M while operations used $5.6M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.