AirJoule Technologies Corp. (AIRJ) Form 10-Q — May 15, 2026
AirJoule Technologies reported a net loss of $49.8 million for the first quarter of 2026, driven primarily by a $63.1 million equity loss from its joint venture with GE Vernova due to impairment of in-process R&D. The company ended the quarter with $31.1 million in cash and $31.4 million in working capital, bolstered by $22.1 million in net proceeds from a January 2026 public offering of 7.1 million shares at $3.25 per share. The filing discloses a material weakness in internal control over financial reporting, citing a failure to design and implement adequate controls for complex, non-routine transactions.
Key figures
- Total Assets
- 296489780
- Cash Position
- 31093127
- Gross Proceeds
- 22151003
- Shares Outstanding
- 68472740
- Offering price
- 3.25
- Offering shares
- 7100000
- Working capital
- 31400000
- Remaining jv commitment
- 67300000
- Equity loss from investment
- 63147868
Price after filing
Close on the filing date to close N calendar days later (from $3.92). Historical, not a forecast.
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.