A
AirJoule Technologies Corp.
AIRJCIK 0001855474NasdaqNon-AcceleratedSmaller ReportingEmerging GrowthAir-Cond & Warm Air Heatg Equip & Comm & Indl Refrig EquipDelawareFY ends Dec 31
Period
FY 2025
Revenue
—
Net Income
$-9.04M
Total Assets
$340.64M
Equity
$267.94M
Shares Out
68.45M
Op. Cash Flow
$-5.63M
Business
AirJoule Technologies Corp. produces pure distilled water by harvesting atmospheric water vapor using a proprietary pressure-swing system. It offers AirJoule systems, MOF sorbent-coated contactors, and related manufacturing, maintenance and service offerings. Key business areas include water harvesting and industrial dehumidification, integration with HVAC, and deployments for data centers, advanced manufacturing and military uses. The company commercializes and scales via joint ventures and strategic partners and sells through OEM channels and global partnerships across the Americas, Europe, Asia and Australia.
Summary from filing dated 2025-03-25
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| General and administrative | 12 | 9 | 8 | 887,745 | |
| Research and development | 1 | 2 | 3 | — | |
| Sales and marketing | 79,326 | 150,927 | 540,002 | — | |
| Transaction costs incurred in connection with business combination | 0 | 55 | — | — | |
| Depreciation and amortization | 9,837 | 6,517 | 4,341 | — | |
| Loss from operations | −14 | −66 | −11 | −1 | |
| Interest income | 997,687 | 932,371 | 11,541 | 4 | |
| Gain on contribution to AirJoule, LLC | 0 | 334 | — | — | |
| Equity loss from investment in AirJoule, LLC | −39 | −5 | — | — | |
| Change in fair value of Earnout Shares liability | 18 | 29 | — | — | |
| Change in fair value of True Up Shares liability | 106,106 | −2 | — | — | |
| Change in fair value of Subject Vesting Shares liability | 7 | 4 | — | — | |
| Change in fair value of Equity Line Obligation liability | −538,076 | 0 | — | — | |
| Gain on settlement of legal fees | 0 | 2 | — | — | |
| Other income | 2,995 | 10,245 | — | — | |
| Total other income (expense), net | −14 | 363 | 11,541 | 4 | |
| Income (loss) before income taxes | −27 | 297 | −11 | 3 | |
| Income tax benefit (expense) | 18 | −81 | — | −802,367 | |
| Net income (loss) | −9 | 216 | −11 | 2 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash, cash equivalents and restricted cash | 22 | 28 | 375,796 | 5 | — | |
| Prepaid expenses and other current assets | 750,648 | 613,754 | 126,971 | — | — | |
| Total current assets | 24 | 31 | 502,767 | 2 | 3 | |
| Operating lease right-of-use asset | 115,102 | 147,001 | 49,536 | — | — | |
| Property and equipment, net | 24,544 | 16,373 | 3,832 | — | — | |
| Investment in AirJoule, LLC | 317 | 338 | — | 294 | — | |
| Other assets | 33,696 | 54,482 | — | — | — | |
| Total assets | 341 | 370 | 556,135 | 296 | 294 | |
| Accounts payable | 163,107 | 79,202 | 3 | 267,297 | 1 | |
| Other accrued expenses | 2 | 2 | 244,440 | — | — | |
| Operating lease liability, current | 34,437 | 30,227 | 22,237 | — | — | |
| True Up Shares liability | 0 | 2 | — | — | — | |
| Total current liabilities | 2 | 4 | 6 | 2 | 2 | |
| Earnout Shares liability | 6 | 25 | — | — | — | |
| Subject Vesting Shares liability | 1 | 8 | — | — | — | |
| Operating lease liability, non-current | 89,564 | 124,002 | 27,299 | — | — | |
| Deferred tax liability | 63 | 81 | — | — | — | |
| Total liabilities | 73 | 118 | 6 | 12 | 12 | |
| Commitments and contingencies (Note 13) | — | — | — | — | — | |
| Preferred stock, $0.0001 par value; 25,000,000 authorized shares and 0 shares issued and outstanding as of December 31, 2025 and December 31, 2024 | — | — | — | — | — | |
| Additional paid-in capital | 78 | 54 | 11 | — | — | |
| Retained earnings | 189 | 199 | −17 | −9 | −8 | |
| Total stockholders' equity | 268 | 252 | −6 | 5 | −8 | |
| Total liabilities and stockholders' equity | 341 | 370 | 556,135 | 296 | 294 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Deferred tax expense (benefit) | −18 | 81 | — | — | |
| Amortization of operating lease right-of-use assets | 31,900 | 29,282 | 21,216 | — | |
| Change in fair value of Equity Line Obligation liability | 200,000 | 0 | — | — | |
| Change in accrued royalties | −250,000 | 0 | — | — | |
| Non-cash transaction costs in connection with business combination | 0 | 54 | — | — | |
| Stock-based compensation | 5 | 1 | 52,000 | — | |
| Due from related party | 2 | −3 | — | — | |
| Due to related party | 0 | −1 | — | — | |
| Prepaid expenses and other assets | 116,220 | −166,888 | −21,832 | — | |
| Operating lease liabilities | −30,227 | −22,054 | −21,216 | — | |
| Accounts payable | 19,131 | −2 | 2 | −880,791 | |
| Accrued expenses, accrued transaction costs and other liabilities | 381,426 | −8 | 4 | — | |
| Net cash used in operating activities | −6 | −24 | −5 | −2 | |
| Purchases of property and equipment | −18,008 | −19,058 | −98,950 | — | |
| Investment in AirJoule, LLC | −18 | −10 | — | — | |
| Net cash used in investing activities | −18 | −10 | — | 167,553 | |
| Proceeds from the exercise of warrants | 0 | 45,760 | 9,438 | — | |
| Proceeds from the exercise of options and purchases pursuant to employee stock purchase plan | 140,887 | 130,696 | — | — | |
| Deferred offering costs | −103,508 | 0 | — | — | |
| Proceeds from the PIPE offering, net | 14 | 0 | — | — | |
| Proceeds from the issuance of common stock | 0 | 62 | — | — | |
| Proceeds from the issuance of common stock pursuant to Equity Line Purchase Agreement | 3 | 0 | — | — | |
| Net cash provided by financing activities | 17 | 62 | 265,299 | — | |
| Net increase (decrease) in cash, cash equivalents and restricted cash | −6 | 28 | −5 | −2 | |
| Deferred offering costs included in accrued expenses and other current liabilities | 128,820 | 0 | — | — | |
| Initial recognition of True Up Shares liability | 0 | 555,000 | — | — | |
| Initial recognition of Subject Vesting Shares liability | 0 | 12 | — | — | |
| Initial recognition of ROU asset and operating lease liability | 0 | 172,649 | — | — | |
| Liabilities combined in recapitalization, net | 0 | 9 | — | — | |
| Contribution to AirJoule, LLC of license to technology | 0 | 334 | — | — | |
| Taxes paid | 0 | 0 | — | — |
Filings
Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro
Material Events
Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro
Insiders
Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro
Institutional Holders
Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro