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AirJoule Technologies Corporation operates as an atmospheric renewable energy and water harvesting technology company. It provides energy and dehumidification, water harvesting systems, water recapture systems, evaporative heat pump systems, water heating systems, low relative humidity drying systems, pre- and mid-cool integration coils, evaporative cooling, advanced vacuum pump systems, isothermal condenser design, gate and seal systems, and atmospheric water generation through its AirJoule technology. In addition, it offers solutions, such as water from air, water recovery, data centers, cooling systems, and moisture control. The company was founded in 2018 and is headquartered in Ronan, Montana.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $0M | $-14M | $-9M | $-6M | -3.4% | - | -104.2% |
| 2024 | $0M | $-11M | $216M | $-24M | 85.6% | - | - |
| 2023 | $0M | $-11M | $-11M | $-5M | 192.8% | - | - |
| 2022 | $0M | $-3M | $-3M | $-3M | -54.1% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 0 | 0 | 0 | 0 |
| Operating Expense | 2.79 | 11.39 | 11.22 | 13.59 |
| Operating Income | -2.79 | -11.39 | -11.22 | -13.59 |
| EBITDA | -2.77 | -11.37 | -11.18 | -13.54 |
| EBIT | -2.79 | -11.39 | -11.22 | -13.59 |
| Pretax Income | -2.79 | -11.38 | 296.95 | -27.32 |
| Tax Provision | 0 | 0 | 81.26 | -18.28 |
| Net Income | -2.79 | -11.38 | 215.70 | -9.04 |
| Net Income Common Stockholders | -2.79 | -11.38 | 215.70 | -9.04 |
| Total Expenses | 2.79 | 11.39 | 11.22 | 13.59 |
| Interest Income | 0 | 0.01 | 0.93 | 1 |
| Research And Development | 1.74 | 3.31 | 2.02 | 1.01 |
| Selling General And Administration | 1.05 | 8.08 | 9.19 | 12.57 |
| Normalized EBITDA | -2.77 | -11.37 | 12.10 | -31.87 |
| Normalized Income | -2.79 | -11.38 | 232.61 | -23.52 |
| Basic EPS | -0.07 | -0.21 | 4.15 | 0 |
| Diluted EPS | -0.07 | -0.21 | 4.03 | 0 |
| Tax Effect Of Unusual Items | 0 | 0 | -6.37 | 3.85 |
| Tax Rate For Calcs | 0 | 0 | 0.27 | 0.21 |
| Total Unusual Items | 0 | 0 | -23.29 | 18.33 |
| Total Unusual Items Excluding Goodwill | 0 | 0 | -23.29 | 18.33 |
| Net Income From Continuing Operation Net Minority Interest | -2.79 | -11.38 | 215.70 | -9.04 |
| Reconciled Depreciation | 0.02 | 0.03 | 0.04 | 0.04 |
| Net Interest Income | 0 | 0.01 | 0.93 | 1 |
| Net Income From Continuing And Discontinued Operation | -2.79 | -11.38 | 215.70 | -9.04 |
| Total Operating Income As Reported | 0 | -11.39 | -65.91 | -13.59 |
| Diluted Average Shares | 37.39 | 53.06 | 49.46 | 0 |
| Basic Average Shares | 37.39 | 53.06 | 47.96 | 0 |
| Diluted NI Availto Com Stockholders | -2.79 | -11.38 | 215.70 | -9.04 |
| Net Income Including Noncontrolling Interests | -2.79 | -11.38 | 215.70 | -9.04 |
| Net Income Continuous Operations | -2.79 | -11.38 | 215.70 | -9.04 |
| Other Income Expense | 0 | 0 | 307.24 | -14.73 |
| Other Non Operating Income Expenses | 0 | 0 | 2.35 | 6.21 |
| Special Income Charges | 0 | 0 | -23.29 | 18.33 |
| Impairment Of Capital Assets | 0 | 0 | 0 | 0 |
| Restructuring And Mergern Acquisition | 0 | 0 | 23.29 | -18.33 |
| Earnings From Equity Interest | 0 | 0 | 328.18 | -39.27 |
| Gain On Sale Of Security | 0 | 0 | 2.34 | 0 |
| Net Non Operating Interest Income Expense | 0 | 0.01 | 0.93 | 1 |
| Interest Income Non Operating | 0 | 0.01 | 0.93 | 1 |
| Depreciation Amortization Depletion Income Statement | 0 | 0 | 0.01 | 0.01 |
| Depreciation And Amortization In Income Statement | 0 | 0 | 0.01 | 0.01 |
| Selling And Marketing Expense | 0.09 | 0.54 | 0.15 | 0.08 |
| General And Administrative Expense | 0.96 | 7.54 | 9.04 | 12.49 |
| Other Gand A | 0.96 | 7.54 | 9.04 | 12.49 |
| Operating Revenue | 0 | 0 | 0 | 0 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| AirJoule Technologies Corporationthis co. | AIRJ | $206M | - | 0.69 | -3.4% | -13.58 |
| AIRO Group Holdings, Inc. | AIRO | $236M | - | 0.32 | -0.6% | -10.00 |
| RCM Technologies, Inc. | RCMT | $233M | 14.67 | 5.02 | 35.5% | 9.20 |
| Perma-Fix Environmental Services, Inc. | PESI | $227M | - | 4.52 | -27.5% | -22.03 |
| Gencor Industries, Inc. | GENC |
| $212M |
| 13.91 |
| 0.99 |
| 7.4% |
| 4.37 |
| Xerox Holdings Corporation | XRX | $205M | - | 0.45 | -152.9% | 15.41 |
| PAMT CORP | PAMT | $204M | - | 0.97 | -25.0% | 122.57 |
| SEACOR Marine Holdings Inc. | SMHI | $202M | - | 0.76 | -10.5% | -178.26 |
| Proficient Auto Logistics, Inc. | PAL | $199M | - | 0.64 | -11.6% | 8.63 |
| Peer Median | - | 14.29 | 0.86 | -11.0% | 6.50 | |