AirJoule Technologies Corp. AIRJ
We are an advanced technology company whose purpose is to free the world from its water and energy constraints by delivering groundbreaking sorption technologies. Our platform technology, AirJoule, produces pure distilled water from air and, at commercial scale, will mitigate water scarcity through distributed water generation for businesses and consumers around the world. Our products are especially valuable for industrial users, which generate significant amounts of waste heat that can be used to power our sorption technologies to produce low cost pure distilled water and dehumidified air – two key inputs for a variety of industrial activities, including data centers and advanced manufacturing. In HVAC applications, our technology is designed to reduce energy consumption, minimize or even eliminate the use of environmentally-harmful refrigerants and generate material cost efficiencies for air conditioning systems. We are commercializing and scaling manufacturing of our AirJoule systems through our global collaborations, including our 50/50 joint venture with GE Vernova Inc. (NYSE: GEV) and our commercial partnerships with Carrier Global Corporation (NYSE: CARR) and TenX Investment in Energy Enterprises & Management Co. We believe that deploying AirJoule systems worldwide will unleash the power of water from air and help to improve global water security. During 2025, we manufactured and deployed AirJoule Core systems (previously referred to as our A250 systems) for field testing and customer demonstrations in Texas, Arizona and Dubai, and we advanced the productization and manufacturing scale-up of our Core and larger Prime (previously referred to as our A1000 system) system in preparation for commercial sales beginning in late 2026.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| R&D | $1.0M | $2.0M | $3.3M | — | — |
| SG&A | $12.5M | $9.0M | $7.5M | $887.7K | — |
| Operating income | -$13.6M | -$65.9M | -$11.4M | -$1.3M | — |
| Pre-tax income | -$27.3M | $297.0M | -$11.4M | $2.8M | — |
| Income tax | $18.3M | $81.3M | $1.8M | $802.4K | — |
| Net income | -$9.0M | $215.7M | -$11.4M | $2.0M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Cash and equivalents | $21.8M | $28.0M | $375.8K | $5.2M | $2.8M |
| Total current assets | $23.8M | $31.5M | $502.8K | $1.6M | $3.2M |
| Property, plant and equipment | $24.5K | $16.4K | $3.8K | — | — |
| Total assets | $340.6M | $369.9M | $556.1K | $296.0M | $293.8M |
| Accounts payable | $163.1K | $79.2K | $2.5M | $267.3K | $1.1M |
| Total current liabilities | $2.3M | $4.0M | $6.4M | $1.8M | $1.7M |
| Total liabilities | $72.7M | $117.7M | $6.5M | $11.9M | $11.8M |
| Retained earnings | $189.5M | $198.5M | -$17.2M | -$9.2M | -$8.3M |
| Total equity | $267.9M | $252.1M | -$5.9M | $5.2M | -$8.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Operating cash flow | -$5.6M | -$24.3M | -$5.1M | -$1.7M | — |
| Stock-based compensation | $4.9M | $1.3M | $52.0K | $516.0K | — |
| Capital expenditure | $18.0K | $19.1K | $99.0K | — | — |
| Investing cash flow | -$17.8M | -$10.0M | $188.9M | $167.6K | — |
| Financing cash flow | $17.2M | $61.9M | $265.3K | — | — |
| Buybacks | — | — | $188.1M | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-133335.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Net income | — | $2.0M | -$11.4M | $215.7M | -$9.0M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Material agreement signed Item 1.01
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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