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AirJoule Technologies Corporation(AIRJ)Earnings, Financials & Key Ratios
AIRJ•NASDAQ
$3.50
$212M mkt cap·0.9× P/E·Price updated May 6, 2026
AboutMontana 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.Show more
- Revenue$0
- EBITDA-$66M-479.6%
- Net Income$216M+1995.5%
- EPS (Diluted)4.03+11752.9%
- ROE175.21%+2241.8%
- ROIC-45.35%-634.1%
- Debt/Equity0.00
AIRJ Key Insights
AirJoule Technologies Corporation (AIRJ) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓Excellent 3Y average ROE of 55.3%
- ✓Trading at only 0.7x book value
✗Weaknesses
- ✗Weak momentum: RS Rating 20 (bottom 20%)
- ✗Shares diluted 46.6% in last year
- ✗Trading more than 30% below 52-week high
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
AIRJ Price & Volume
AirJoule Technologies Corporation (AIRJ) stock price & volume — 10-year historical chart
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AIRJ Growth Metrics
AirJoule Technologies Corporation (AIRJ) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years-
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-100.41%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-100.69%
Return on Capital
10 Years-11.56%
5 Years-11.56%
3 Years-15.16%
Last Year-36.62%
AIRJ Recent Earnings
AirJoule Technologies Corporation (AIRJ) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 3/12 qtrs (60%)●Beat Revenue 0/12 qtrs (0%)
Q2 2026Latest
Mar 30, 2026EPS
$0.37
Est $0.09
-311.1%
Revenue
$1M
Est $1M
-34.1%
Q4 2025
Nov 13, 2025EPS
$0.07
Est $0.10
+30.0%
Revenue
$974,500
Q3 2025
Aug 13, 2025EPS
$0.04
Est $0.09
+144.4%
Revenue
—
Q2 2025
May 12, 2025EPS
$0.02
Est $0.06
+66.7%
Revenue
—
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 30, 2026 | $0.37vs $0.09-311.1% | $1Mvs $1M-34.1% |
| Q4 2025 | Nov 13, 2025 | $0.07vs $0.10+30.0% | $974,500 |
| Q3 2025 | Aug 13, 2025 | $0.04vs $0.09+144.4% | — |
| Q2 2025 | May 12, 2025 | $0.02vs $0.06+66.7% | — |
Based on last 12 quarters of dataView full earnings history →
AIRJ Peer Comparison
AirJoule Technologies Corporation (AIRJ) competitors in Lighting and Building Controls — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 CWCO | 527.15M | 33.06 | -1.41% | 13.88% | 0% | 0.00 | ||
 MSEX | 950.44M | 51.15 | 21.67 | 1.47% | 22.07% | 9.07% | 0.85 | |
 NRGV | 728.22M | 4.21 | -6.48 | 340.86% | -52.97% | -146.8% | 1.07 | |
 CLNE | 491.3M | 2.24 | -2.22 | 2.16% | -52.22% | -39.29% | 0.18 | |
 GREE | 19.44M | 1.24 | -0.66 | -15.42% | ||||
 SWKH | 192.33M | 15.90 | -75.71 | -7.85% | 8.4% | 0.14 | ||
 HON | 137.39B | 216.82 | 29.46 | 7.85% | 11.16% | 23.05% | 2.24 | |
 MMM | 76.43B | 146.54 | 24.42 | 1.52% | 11.14% | 65.25% | 2.73 |
Compare AIRJ vs Peers
AirJoule Technologies Corporation (AIRJ) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
AIRJ Income Statement
AirJoule Technologies Corporation (AIRJ) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|
| Sales/Revenue | 0 | 0 | 0 | 0 | 0 |
| Revenue Growth % | - | - | - | - | - |
| Cost of Goods Sold | 0 | 0 | 0 | 0 | 23.03K |
| COGS % of Revenue | - | - | - | - | - |
| Gross Profit | 0▲ 0% | 0▲ 0% | 0▲ 0% | 0▲ 0% | -23.03K▲ 0% |
| Gross Margin % | - | - | - | - | - |
| Gross Profit Growth % | - | - | - | - | - |
| Operating Expenses | 2.25M | 2.79M | 11.39M | 65.91M | 13.14M |
| OpEx % of Revenue | - | - | - | - | - |
| Selling, General & Admin | 1.07M | 1.05M | 8.08M | 9.19M | 12.15M |
| SG&A % of Revenue | - | - | - | - | - |
| Research & Development | 1.18M | 1.74M | 3.31M | 2.02M | 991.64K |
| R&D % of Revenue | - | - | - | - | - |
| Other Operating Expenses | 509 | 4.34K | 4.34K | 54.7M | 1.59K |
| Operating Income | -2.25M▲ 0% | -2.79M▼ 23.9% | -11.39M▼ 307.8% | -65.91M▼ 478.7% | -13.17M▲ 0% |
| Operating Margin % | - | - | - | - | - |
| Operating Income Growth % | - | -23.88% | -307.84% | -478.66% | - |
| EBITDA | -2.25M | -2.77M | -11.37M | -65.88M | -13.14M |
| EBITDA Margin % | - | - | - | - | - |
| EBITDA Growth % | - | -22.83% | -310.5% | -479.65% | 80.1% |
| D&A (Non-Cash Add-back) | 509 | 24.34K | 25.56K | 35.8K | 32.46K |
| EBIT | -2.25M | -2.79M | -11.39M | -11.22M | -24.91M |
| Net Interest Income | 895 | 4.19M | 11.54K | 932.37K | 1.12M |
| Interest Income | 895 | 4.19M | 11.54K | 932.37K | 1.12M |
| Interest Expense | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | -54.9K | 0 | 11.54K | 362.86M | 4.68M |
| Pretax Income | -2.31M▲ 0% | -2.79M▼ 20.9% | -11.38M▼ 307.4% | 296.95M▲ 2709.6% | -8.49M▲ 0% |
| Pretax Margin % | - | - | - | - | - |
| Income Tax | 0 | 0 | 0 | 81.26M | -7.56M |
| Effective Tax Rate % | 0% | 0% | 0% | 27.36% | 89.08% |
| Net Income | -2.31M▲ 0% | -2.79M▼ 20.9% | -11.38M▼ 307.4% | 215.7M▲ 1995.5% | -926.77K▲ 0% |
| Net Margin % | - | - | - | - | - |
| Net Income Growth % | - | -20.93% | -307.43% | 1995.54% | -100.41% |
| Net Income (Continuing) | -2.31M | -2.79M | -11.38M | 215.7M | -926.77K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.02▲ 0% | 0.06▲ 476.2% | 0.03▼ 40.1% | 4.03▲ 11752.9% | -0.02▲ 0% |
| EPS Growth % | - | 476.16% | -40.14% | 11752.94% | -100.69% |
| EPS (Basic) | -0.02 | 0.06 | 0.03 | 4.15 | - |
| Diluted Shares Outstanding | 35.94M | 35.94M | 36.51M | 53.53M | 60.45M |
| Basic Shares Outstanding | 35.94M | 35.94M | 36.51M | 52.03M | 60.45M |
| Dividend Payout Ratio | - | - | - | - | - |
AIRJ Balance Sheet
AirJoule Technologies Corporation (AIRJ) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|
| Total Current Assets | 3.17M | 1.57M | 502.77K | 31.46M | 27.86M |
| Cash & Short-Term Investments | 2.84M | 1.29M | 375.8K | 28.02M | 26.01M |
| Cash Only | 2.84M | 1.29M | 375.8K | 28.02M | 26.01M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 0 | 0 | 0 | 2.82M | 0 |
| Days Sales Outstanding | - | - | - | - | - |
| Inventory | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - |
| Other Current Assets | 0 | 0 | 126.97K | 613.75K | 1.86M |
| Total Non-Current Assets | 290.66M | 294.4M | 53.37K | 338.4M | 344.87M |
| Property, Plant & Equipment | 0 | 0 | 53.37K | 163.37K | 150.85K |
| Fixed Asset Turnover | - | - | - | - | 0.00x |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 290.38M | 294.4M | 0 | 338.18M | 1.02B |
| Other Non-Current Assets | 284.4K | 0 | 0 | 54.48K | 344.88M |
| Total Assets | 293.83M▲ 0% | 295.97M▲ 0.7% | 556.13K▼ 99.8% | 369.85M▲ 66404.0% | 372.73M▲ 0% |
| Asset Turnover | - | - | - | - | 0.00x |
| Asset Growth % | - | 0.73% | -99.81% | 66404.02% | 66358.99% |
| Total Current Liabilities | 1.71M | 1.8M | 6.43M | 4.02M | 1.97M |
| Accounts Payable | 0 | 0 | 2.52M | 79.2K | 143.07K |
| Days Payables Outstanding | - | - | - | - | 3.35K |
| Short-Term Debt | 0 | 0 | 0 | 0 | 33.66K |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 1.71M | 1M | 0 | 2.19M | 1.79M |
| Current Ratio | 1.86x | 0.87x | 0.08x | 7.83x | 7.83x |
| Quick Ratio | 1.86x | 0.87x | 0.08x | 7.83x | 7.83x |
| Cash Conversion Cycle | - | - | - | - | - |
| Total Non-Current Liabilities | 10.06M | 10.06M | 27.3K | 113.72M | 84.41M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 98.39K |
| Capital Lease Obligations | 0 | 0 | 27.3K | 124K | 346.85K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 81.26M | 314.58M |
| Other Non-Current Liabilities | 10.06M | 10.06M | 0 | 32.34M | 61.86M |
| Total Liabilities | 11.77M | 11.86M | 6.46M | 117.74M | 86.38M |
| Total Debt | 0 | 0 | 49.54K | 154.23K | 132.05K |
| Net Debt | -2.84M | -1.29M | -326.26K | -27.87M | -25.88M |
| Debt / Equity | - | - | - | 0.00x | 0.00x |
| Debt / EBITDA | - | - | - | - | -0.01x |
| Net Debt / EBITDA | - | - | - | - | 1.97x |
| Interest Coverage | - | - | - | - | - |
| Total Equity | 282.06M▲ 0% | 284.1M▲ 0.7% | -5.9M▼ 102.1% | 252.11M▲ 4372.5% | 286.35M▲ 0% |
| Equity Growth % | - | 0.72% | -102.08% | 4372.55% | 4353.75% |
| Book Value per Share | 7.85 | 7.91 | -0.16 | 4.71 | 4.74 |
| Total Shareholders' Equity | 282.06M | 284.1M | -5.9M | 252.11M | 286.35M |
| Common Stock | 290.38M | 293.29M | 3.75K | 5.59K | 6.05K |
| Retained Earnings | -8.31M | -9.19M | -17.17M | 198.53M | 211.91M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
AIRJ Cash Flow Statement
AirJoule Technologies Corporation (AIRJ) cash flow — operating, investing & free cash flow history
| Line item | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|
| Cash from Operations | -1.89M | -2.85M | -5.1M | -24.26M | -24.26M |
| Operating CF Margin % | - | - | - | - | - |
| Operating CF Growth % | - | -50.78% | -79.02% | -375.62% | 77.97% |
| Net Income | -2.31M | -2.79M | -11.38M | 215.7M | -926.77K |
| Depreciation & Amortization | 509 | 24.34K | 25.56K | 35.8K | 40.38K |
| Stock-Based Compensation | 0 | 0 | 52K | 1.32M | 4.18M |
| Deferred Taxes | 0 | 0 | 0 | 81.26M | -7.56M |
| Other Non-Cash Items | 54.9K | 0 | 0 | -308.2M | -3.85M |
| Working Capital Changes | 364.29K | -80.74K | 6.2M | -14.37M | 1.38M |
| Change in Receivables | 0 | 0 | 0 | -2.73M | 1.37M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 155.2K | -92.03K | 2.44M | -2.46M | -656.38K |
| Cash from Investing | -13.02K | 167.55K | 0 | -10.02M | -12.77M |
| Capital Expenditures | -13.02K | 0 | -98.95K | -19.06K | -21.04K |
| CapEx % of Revenue | - | - | - | - | - |
| Acquisitions | 0 | 0 | 0 | -10M | -2.75M |
| Investments | - | - | - | - | - |
| Other Investing | 0 | 167.55K | 98.95K | 0 | 0 |
| Cash from Financing | 4.54M | 4.97M | 265.3K | 61.93M | 14.83M |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 5.09M | 5.27M | 255.86K | 61.75M | 14.34M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -545.11K | -297.03K | 9.44K | 176.46K | 483.72K |
| Net Change in Cash | 2.64M▲ 0% | 2.12M▼ 19.5% | -4.84M▼ 327.7% | 27.65M▲ 671.7% | -4.68M▲ 0% |
| Free Cash Flow | -1.9M▲ 0% | -2.85M▼ 49.7% | -5.2M▼ 82.5% | -24.28M▼ 366.9% | -6.76M▲ 0% |
| FCF Margin % | - | - | - | - | - |
| FCF Growth % | - | -49.74% | -82.5% | -366.94% | 68.79% |
| FCF per Share | -0.05 | -0.08 | -0.14 | -0.45 | -0.45 |
| FCF Conversion (FCF/Net Income) | 0.82x | 1.02x | 0.45x | -0.11x | 7.29x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 |
AIRJ Key Ratios
AirJoule Technologies Corporation (AIRJ) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|
| Return on Equity (ROE) | -0.99% | -8.18% | 175.21% | -0.34% |
| Return on Invested Capital (ROIC) | -0.75% | -6.18% | -45.35% | -45.35% |
| Debt / Equity | - | - | 0.00x | 0.00x |
| FCF Conversion | 1.02x | 0.45x | -0.11x | 7.29x |
AIRJ SEC Filings & Documents
AirJoule Technologies Corporation (AIRJ) SEC filings — annual & quarterly reports (10-K, 10-Q)
AIRJ Frequently Asked Questions
AirJoule Technologies Corporation (AIRJ) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
AirJoule Technologies Corporation (AIRJ) grew revenue by 0.0% over the past year. Growth has been modest.
AirJoule Technologies Corporation (AIRJ) reported a net loss of $0.9M for fiscal year 2024.
Dividend & Returns
AirJoule Technologies Corporation (AIRJ) has a return on equity (ROE) of 175.2%. This is excellent, indicating efficient use of shareholder capital.
AirJoule Technologies Corporation (AIRJ) had negative free cash flow of $6.8M in fiscal year 2024, likely due to heavy capital investments.
Explore More AIRJ
AirJoule Technologies Corporation (AIRJ) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates