AIRJ
AIRJ
AirJoule Technologies CorporationIncome Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $0 | $3M ▼ | $-4.01M ▼ | 0% | $-0.07 ▼ | $-6.4M ▼ |
| Q2-2025 | $0 | $4.16M ▲ | $2.51M ▼ | 0% | $0.04 ▼ | $956.62K ▲ |
| Q1-2025 | $0 | $3.19M ▲ | $14.88M ▲ | 0% | $0.27 ▲ | $-3.18M ▲ |
| Q4-2024 | $0 | $2.8M ▲ | $-14.31M ▼ | 0% | $-0.28 ▼ | $-16.26M ▼ |
| Q3-2024 | $0 | $2.38M | $35.02M | 0% | $0.63 | $-2.37M |
What's going well?
Operating losses shrank compared to last quarter, and there is no interest expense burden. The company is still able to benefit from tax credits.
What's concerning?
No revenue for two quarters, rising costs, and a big swing to net loss. Earnings are heavily distorted by non-operating items, making the core business look weak.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $26.01M ▼ | $372.73M ▼ | $86.38M ▼ | $286.35M ▼ |
| Q2-2025 | $30.5M ▲ | $376.08M ▲ | $87.52M ▼ | $288.57M ▲ |
| Q1-2025 | $23M ▼ | $365.61M ▼ | $95.42M ▼ | $270.18M ▲ |
| Q4-2024 | $28.02M ▼ | $369.85M ▼ | $117.74M ▲ | $252.11M ▼ |
| Q3-2024 | $30.69M | $374.39M | $108.69M | $265.7M |
What's financially strong about this company?
AIRJ has far more cash than debt, very little owed to suppliers, and no risky assets like goodwill or inventory. The company is almost entirely funded by shareholder equity and has a long track record of profits.
What are the financial risks or weaknesses?
Cash and equity dipped a bit this quarter, and the company has limited receivables or inventory, which could mean less business activity. Still, no major red flags.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $-4.01M ▼ | $-1.87M ▲ | $-2.76M ▲ | $133.89K ▼ | $-4.49M ▼ | $-1.88M ▲ |
| Q2-2025 | $2.51M ▼ | $-2.24M ▼ | $-4.88M ▲ | $14.61M ▲ | $7.5M ▲ | $-2.25M ▼ |
| Q1-2025 | $14.88M ▲ | $72.25K ▲ | $-5.14M ▼ | $41.76K ▲ | $-5.02M ▼ | $72.25K ▲ |
| Q4-2024 | $-14.31M ▼ | $-2.7M ▲ | $-3.03K ▲ | $37.45K ▲ | $-2.67M ▲ | $-2.7M ▲ |
| Q3-2024 | $35.02M | $-3.98M | $-9.48K | $33.07K | $-3.96M | $-3.99M |
What's strong about this company's cash flow?
Cash burn is slowing, and the company still has $26 million in cash. Capital spending is very low, so most cash is going to operations, not big investments.
What are the cash flow concerns?
The business keeps losing money and burning cash, with no sign of turning profitable soon. Past survival depended on raising money from new stock, and ongoing dilution is a risk.
Q3 2025 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at AirJoule Technologies Corporation's financial evolution and strategic trajectory over the past five years.
Key positives are a strong technological platform addressing critical global needs in water and energy efficiency, a growing ecosystem of blue‑chip partners, and a balance sheet that currently holds ample cash with little debt. The company benefits from meaningful intellectual property protection and the potential to serve multiple high‑value markets—from data centers and industrial plants to off‑grid and defense applications—through a single core technology.
Major risks stem from the lack of revenue, widening operating and cash losses, and dependence on external financing and one‑off gains to stay well‑capitalized. Commercialization and scale‑up are unproven, with technical, manufacturing, and regulatory hurdles ahead. Competitive pressure from large, established HVAC and water technology firms, as well as potential alternative solutions to water scarcity and energy efficiency, add further uncertainty.
Looking forward, AirJoule’s story hinges far more on execution than on past financials. If the company can successfully complete its pilots, demonstrate reliable performance and cost savings, and convert strategic partnerships into meaningful commercial orders around its targeted 2026 timeline, the financial profile could shift significantly. Until that inflection, the outlook is characterized by high potential paired with high uncertainty, continued cash burn, and sensitivity to funding conditions and project milestones.
About AirJoule Technologies Corporation
https://airjouletech.comMontana Technologies Corp. operates as a thermal energy and water harvesting technology company. It provides efficient and sustainable air conditioning and pure water from air through its transformational AirJoule technology. The company was founded on March 14, 2024 and is headquartered in Ronan, MT.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $0 | $3M ▼ | $-4.01M ▼ | 0% | $-0.07 ▼ | $-6.4M ▼ |
| Q2-2025 | $0 | $4.16M ▲ | $2.51M ▼ | 0% | $0.04 ▼ | $956.62K ▲ |
| Q1-2025 | $0 | $3.19M ▲ | $14.88M ▲ | 0% | $0.27 ▲ | $-3.18M ▲ |
| Q4-2024 | $0 | $2.8M ▲ | $-14.31M ▼ | 0% | $-0.28 ▼ | $-16.26M ▼ |
| Q3-2024 | $0 | $2.38M | $35.02M | 0% | $0.63 | $-2.37M |
What's going well?
Operating losses shrank compared to last quarter, and there is no interest expense burden. The company is still able to benefit from tax credits.
What's concerning?
No revenue for two quarters, rising costs, and a big swing to net loss. Earnings are heavily distorted by non-operating items, making the core business look weak.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $26.01M ▼ | $372.73M ▼ | $86.38M ▼ | $286.35M ▼ |
| Q2-2025 | $30.5M ▲ | $376.08M ▲ | $87.52M ▼ | $288.57M ▲ |
| Q1-2025 | $23M ▼ | $365.61M ▼ | $95.42M ▼ | $270.18M ▲ |
| Q4-2024 | $28.02M ▼ | $369.85M ▼ | $117.74M ▲ | $252.11M ▼ |
| Q3-2024 | $30.69M | $374.39M | $108.69M | $265.7M |
What's financially strong about this company?
AIRJ has far more cash than debt, very little owed to suppliers, and no risky assets like goodwill or inventory. The company is almost entirely funded by shareholder equity and has a long track record of profits.
What are the financial risks or weaknesses?
Cash and equity dipped a bit this quarter, and the company has limited receivables or inventory, which could mean less business activity. Still, no major red flags.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $-4.01M ▼ | $-1.87M ▲ | $-2.76M ▲ | $133.89K ▼ | $-4.49M ▼ | $-1.88M ▲ |
| Q2-2025 | $2.51M ▼ | $-2.24M ▼ | $-4.88M ▲ | $14.61M ▲ | $7.5M ▲ | $-2.25M ▼ |
| Q1-2025 | $14.88M ▲ | $72.25K ▲ | $-5.14M ▼ | $41.76K ▲ | $-5.02M ▼ | $72.25K ▲ |
| Q4-2024 | $-14.31M ▼ | $-2.7M ▲ | $-3.03K ▲ | $37.45K ▲ | $-2.67M ▲ | $-2.7M ▲ |
| Q3-2024 | $35.02M | $-3.98M | $-9.48K | $33.07K | $-3.96M | $-3.99M |
What's strong about this company's cash flow?
Cash burn is slowing, and the company still has $26 million in cash. Capital spending is very low, so most cash is going to operations, not big investments.
What are the cash flow concerns?
The business keeps losing money and burning cash, with no sign of turning profitable soon. Past survival depended on raising money from new stock, and ongoing dilution is a risk.
Q3 2025 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at AirJoule Technologies Corporation's financial evolution and strategic trajectory over the past five years.
Key positives are a strong technological platform addressing critical global needs in water and energy efficiency, a growing ecosystem of blue‑chip partners, and a balance sheet that currently holds ample cash with little debt. The company benefits from meaningful intellectual property protection and the potential to serve multiple high‑value markets—from data centers and industrial plants to off‑grid and defense applications—through a single core technology.
Major risks stem from the lack of revenue, widening operating and cash losses, and dependence on external financing and one‑off gains to stay well‑capitalized. Commercialization and scale‑up are unproven, with technical, manufacturing, and regulatory hurdles ahead. Competitive pressure from large, established HVAC and water technology firms, as well as potential alternative solutions to water scarcity and energy efficiency, add further uncertainty.
Looking forward, AirJoule’s story hinges far more on execution than on past financials. If the company can successfully complete its pilots, demonstrate reliable performance and cost savings, and convert strategic partnerships into meaningful commercial orders around its targeted 2026 timeline, the financial profile could shift significantly. Until that inflection, the outlook is characterized by high potential paired with high uncertainty, continued cash burn, and sensitivity to funding conditions and project milestones.
CEO
Matthew Jore
Compensation Summary
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Upcoming Earnings
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Ratings Snapshot
Rating : B-
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CI PRIVATE WEALTH, LLC
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Value:$6.05M
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