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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% | - | -1995.5% |
| 2023 | $0M | $-11M | $-11M | $-5M | 192.8% | - | 307.4% |
| 2022 | $0M | $-3M | $-3M | $-3M | -54.1% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 0 | 0 | 0 | 0 |
| Operating Revenue | - | 0 | 0 | 0 | 0 |
| Operating Expense | - | 2.79 | 11.39 | 11.22 | 13.59 |
| Research And Development | - | 1.74 | 3.31 | 2.02 | 1.01 |
| Selling General And Administration | - | 1.05 | 8.08 | 9.19 | 12.57 |
| Total Expenses | - | 2.79 | 11.39 | 11.22 | 13.59 |
| Operating Income | - | -2.79 | -11.39 | -11.22 | -13.59 |
| Total Operating Income As Reported | - | - | -11.39 | -65.91 | -13.59 |
| EBITDA | - | -2.77 | -11.37 | -11.18 | -13.54 |
| Normalized EBITDA | - | -2.77 | -11.37 | 12.10 | -31.87 |
| EBIT | - | -2.79 | -11.39 | -11.22 | -13.59 |
| Interest Income | - | - | 0.01 | 0.93 | 1 |
| Net Interest Income | - | - | 0.01 | 0.93 | 1 |
| Other Non Operating Income Expenses | - | - | - | 2.35 | 6.21 |
| Other Income Expense | -0.05 | - | - | 307.24 | -14.73 |
| Interest Income Non Operating | - | - | 0.01 | 0.93 | 1 |
| Net Non Operating Interest Income Expense | - | - | 0.01 | 0.93 | 1 |
| Pretax Income | - | -2.79 | -11.38 | 296.95 | -27.32 |
| Tax Provision | - | 0 | 0 | 81.26 | -18.28 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | -6.38 | 3.85 |
| Net Income Continuous Operations | - | -2.79 | -11.38 | 215.70 | -9.04 |
| Net Income From Continuing And Discontinued Operation | - | -2.79 | -11.38 | 215.70 | -9.04 |
| Net Income From Continuing Operation Net Minority Interest | - | -2.79 | -11.38 | 215.70 | -9.04 |
| Net Income | - | -2.79 | -11.38 | 215.70 | -9.04 |
| Net Income Common Stockholders | - | -2.79 | -11.38 | 215.70 | -9.04 |
| Net Income Including Noncontrolling Interests | - | -2.79 | -11.38 | 215.70 | -9.04 |
| Normalized Income | - | -2.79 | -11.38 | 232.60 | -23.52 |
| Diluted NI Availto Com Stockholders | - | -2.79 | -11.38 | 215.70 | -9.04 |
| Basic Average Shares | 37.39 | 37.39 | 53.06 | 47.96 | - |
| Diluted Average Shares | 37.39 | 37.39 | 53.06 | 49.46 | - |
| Reconciled Depreciation | - | 0.02 | 0.03 | 0.04 | 0.04 |
| Total Unusual Items | - | 0 | 0 | -23.29 | 18.33 |
| Total Unusual Items Excluding Goodwill | - | 0 | 0 | -23.29 | 18.33 |
| Special Income Charges | - | 0 | 0 | -23.29 | 18.33 |
| Impairment Of Capital Assets | 0.05 | 0 | - | - | - |
| Restructuring And Mergern Acquisition | - | - | 0 | 23.29 | -18.33 |
| Gain On Sale Of Security | - | - | - | 2.34 | - |
| Depreciation Amortization Depletion Income Statement | - | 0 | 0 | 0.01 | 0.01 |
| Depreciation And Amortization In Income Statement | - | 0 | 0 | 0.01 | 0.01 |
| General And Administrative Expense | - | 0.96 | 7.54 | 9.04 | 12.49 |
| Other Gand A | - | 0.96 | 7.54 | 9.04 | 12.49 |
| Selling And Marketing Expense | - | 0.09 | 0.54 | 0.15 | 0.08 |
| Earnings From Equity Interest | - | - | 0 | 328.18 | -39.27 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| AirJoule Technologies Corporationthis co. | AIRJ | $418M | -46.20 | 1.56 | -3.4% | -29.23 |
| Energy Recovery, Inc. | ERII | $427M | 18.61 | 2.07 | 11.1% | 13.90 |
| Boston Omaha Corporation | BOC | $415M | -33.40 | 0.80 | -2.4% | 33.88 |
| Kelly Services, Inc. | KELYA | $411M | -1.62 | 0.42 | -26.0% | -41.01 |
| Costamare Bulkers Holdings Limited | CMDB |
| - |
| - |
| - |
| - |
| - |
| $407M |
| -10.90 |
| 0.61 |
| -5.6% |
| 4697.71 |
| Columbus McKinnon Corporation | CMCO | $405M | -78.76 | 0.46 | -0.6% | 11.87 |
| Concrete Pumping Holdings, Inc. | BBCP | $403M | 63.25 | 1.52 | 2.4% | 8.41 |
| BlueLinx Holdings Inc. | BXC | $402M | 1835.44 | 0.65 | 0.0% | 9.53 |
| Radiant Logistics, Inc. | RLGT | $401M | 23.21 | 1.78 | 7.7% | 11.28 |
| Peer Median | - | 8.50 | 0.73 | -0.3% | 11.58 | |