Here are the 10-Q quarterly reports from AirJoule Technologies Corporation Warrant (AIRJW) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow AIRJW and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AIRJW filings page.
AirJoule Technologies Corporation reported no revenue and a substantial net loss for the six months ended June 30, 2026 as it continues early-stage commercialization of its AirJoule sorption technology and relies heavily on its 50/50 joint venture with GE Vernova. Net loss was $58,359,106, compared with net income of $17,391,871 a year earlier, driven primarily by an equity loss from investment in AirJoule, LLC of $65,658,820, which reflects that venture’s $110.3 million in-process R&D impairment and $76.1 million goodwill impairment.
Operating expenses remained modest for a growth-stage company, with general and administrative costs of $7,162,278, research and development of $388,278, and sales and marketing of $163,950 for the first half. Changes in fair value of Earnout Shares and Subject Vesting Shares liabilities produced additional non‑cash losses.
Liquidity strengthened through equity raises. The company closed a January 2026 offering and a June 2026 registered direct offering, generating combined net proceeds of about $35.8 million. Cash, cash equivalents and restricted cash were $41,417,134 and working capital was approximately $41.0 million at June 30, 2026. AirJoule also holds a $30,000,000 committed equity facility and has a remaining capital contribution commitment to the AirJoule JV of $64.8 million. Management expects existing cash and prior proceeds to fund operations and JV needs for at least twelve months but notes it may seek additional financing for future opportunities.
The company disclosed a material weakness in internal control over financial reporting related to complex, non‑routine transactions and is implementing remediation measures. Strategic developments include third‑party recognition via a CleanTech award, an exclusive residential sales partnership with Kubota, and new demonstration deployments with GE Vernova.
AirJoule Technologies reported a sharp swing to a net loss of $49.8 million for the quarter ended March 31, 2026, compared with net income of $14.9 million a year earlier, or $(0.74) per basic share versus $0.27.
The loss was driven mainly by a $63.1 million equity loss from its 50/50 joint venture with GE Vernova after the JV recorded a $110.3 million in-process R&D impairment and $76.1 million goodwill impairment. Core operating expenses remained modest, with general and administrative costs of $3.3 million and research and development of $0.2 million.
Liquidity improved through equity financing: AirJoule raised $22.1 million of net proceeds from a January 2026 public offering of 7.1 million Class A shares at $3.25, ending the quarter with $31.1 million in cash, cash equivalents and restricted cash and working capital of $31.4 million. The company contributed $10.0 million to the AirJoule JV in the quarter and has a remaining JV capital commitment of $67.3 million.
Management expects operating losses and negative operating cash flows to increase as it develops its technology and commercialization efforts but believes existing cash and prior financings can fund the current business plan, including JV funding, for at least twelve months. The company also disclosed a material weakness in internal control over financial reporting related to complex, non‑routine transactions and has begun remediation efforts.