AirJoule Technologies Corporation (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 Oct 30, 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 Corporation (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).
The balance sheet strengthened materially, but reported earnings remain disconnected from cash generation as the business still funds operating losses.
FY2024's$215.7M net income sat beside operating cash flow of-$24.3M ; in FY2025, a $9.0M net loss aligned more closely with operating cash flow of-$5.6M . That contrast suggests FY2024 earnings were driven substantially by non-operating or accounting effects rather than cash-producing operations.
The current ratio rose from 7.8x to 10.5x as near-term obligations contracted; the improvement therefore came from balance-sheet compression rather than asset accumulation. Total liabilities fell from
FY2025 free cash flow of
Financial Health Signals
AirJoule Technologies Corporation 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 Corporation 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 Corporation 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 Corporation's EBITDA was -$4.1M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
AirJoule Technologies Corporation reported a net loss of $8.5M in Q2 2026. This represents a decrease of 439.5% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Not reported for Q2 2026.
Not reported for Q2 2026.
Cash & Balance Sheet
AirJoule Technologies Corporation recorded an outflow of $1.4M in free cash flow in Q2 2026, representing a cash shortfall after capex. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
AirJoule Technologies Corporation held $41.4M in cash as of Q2 2026; no long-term debt figure is on record for that period.
Not reported for Q2 2026.
Margins & Returns
AirJoule Technologies Corporation's quarterly ROE was -3.4% in Q2 2026: one quarter's net income over shareholder equity, not annualized. 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 Corporation 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 | $3.9M+4.7% | $3.4M+21.1% | N/A | $3.0M+22.4% | $3.8M+14.4% | $2.8M+229.1% | N/A | $2.5M-34.2% |
| Operating Income | -$4.1Mn/m | -$3.6Mn/m | N/A | -$3.0Mn/m | -$4.2Mn/m | -$3.2Mn/m | N/A | -$2.4Mn/m |
| EBITDA | -$4.1Mn/m | -$3.6Mn/m | N/A | -$3.0Mn/m | -$4.2Mn/m | -$3.2Mn/m | N/A | -$2.4Mn/m |
| Income Tax | -$2.9Mn/m | -$14.7Mn/m | N/A | -$2.4Mn/m | -$1.6Mn/m | -$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 | $35.0Mn/m |
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 | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| 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% | $252.1Mn/m | $265.7Mn/m |
| 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% | $198.5Mn/m | $212.8Mn/m |
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 | -$1.4Mn/m | -$2.3M-3344.3% | -$1.6Mn/m | -$1.9Mn/m | -$2.2Mn/m | $72Kn/m | -$2.7Mn/m | -$4.0Mn/m |
| 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% | $20Kn/m | $0-100.0% | $7K-30.0% | $11K | $0 | $3Kn/m | $9K+224.0% |
| Free Cash Flow | -$1.4Mn/m | -$2.4M-3371.3% | -$1.6Mn/m | -$1.9Mn/m | -$2.2M | $72K | -$2.7Mn/m | -$4.0Mn/m |
| Investing Cash Flow | -$2.5Mn/m | -$10.0Mn/m | -$5.0Mn/m | -$2.8Mn/m | -$4.9Mn/m | -$5.1Mn/m | -$3K | -$9Kn/m |
| 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% | $33Kn/m |
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 |
| Liabilities-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, Debt-to-Equity, 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. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| AirJoule Technologies Corporation AIRJ | FY2025 | N/A | -$9.0M | N/A | $186.3M | — |
| Perma-Pipe International Holdings, Inc. PPIH | FY2026 | $210.9M | $17.0M | 8.1% | $240.1M | 69/100 |
| Julong Holding Limited JLHL | FY2025 | $35.4M | $3.7M | 10.4% | $126.8M | 65/100 |
| Antelope Enterprise Holdings Limited AEHL | FY2024 | $98.8M | -$10.5M | -10.7% | $139.0M | 32/100 |
| JELD-WEN Holding, Inc. JELD | FY2025 | $3.2B | -$621.2M | -19.4% | $109.3M | 19/100 |
| INVE Technologies, Inc. INVE | FY2025 | $21.5M | -$18.0M | -83.8% | $65.7M | 38/100 |
Where AirJoule Technologies Corporation Ranks
Frequently Asked Questions
No, AirJoule Technologies Corporation (AIRJ) reported a net loss of $9.0M in fiscal year 2025.
AirJoule Technologies Corporation (AIRJ) had EBITDA of -$13.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
AirJoule Technologies Corporation (AIRJ) has a return on equity of -3.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
AirJoule Technologies Corporation (AIRJ) recorded an outflow of $5.7M in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. 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.
AirJoule Technologies Corporation (AIRJ) recorded an outflow of $5.6M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
AirJoule Technologies Corporation (AIRJ) had $340.6M in total assets as of fiscal year 2025, including both current and long-term assets.
AirJoule Technologies Corporation (AIRJ) invested $18K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
AirJoule Technologies Corporation (AIRJ) invested $1.0M in research and development during fiscal year 2025.
AirJoule Technologies Corporation (AIRJ) had a current ratio of 10.52 as of fiscal year 2025, which is generally considered healthy.
AirJoule Technologies Corporation (AIRJ) had a liabilities-to-equity ratio of 0.27 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
AirJoule Technologies Corporation (AIRJ) had a return on assets of -2.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
AirJoule Technologies Corporation (AIRJ) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $186.3M as of Oct 30, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
AirJoule Technologies Corporation (AIRJ) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $186.3M as of Oct 30, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
At the end of fiscal year 2025, AirJoule Technologies Corporation (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.
AirJoule Technologies Corporation (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.
AirJoule Technologies Corporation (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.