AirJoule Technologies Corp. (AIRJ) Form 10-Q — Aug 14, 2026
AirJoule Technologies (AIRJ) reported a net loss of $58.4 million for the six months ended June 30, 2026, swinging from net income of $17.4 million a year earlier, including a Q2 net loss of $8.5 million (basic EPS of -$0.12 for the quarter and -$0.85 for the half). The loss was driven primarily by a $65.7 million equity loss from its 50/50 AirJoule JV with GE Vernova, which included an impairment of the JV's in-process R&D, and the company reported no revenue for the period. Management concluded that disclosure controls and procedures were not effective as of June 30, 2026 due to a material weakness in accounting for complex, non-routine transactions.
Key figures
- Total Assets
- 306840266
- Cash Position
- 41417134
- Shares Outstanding
- 73347394
- Working capital
- 41000000
- Equity line capacity
- 30000000
- Revenue six months 2026
- 0
- Total jv commitment cap
- 90000000
- Out of period adjustment
- 5000000
- June 2026 offering net proceeds
- 14200000
- Prior year six month net income
- 17391871
- Remaining jv capital commitment
- 64800000
- Jv capital contributions h1 2026
- 12500000
- June 2026 offering gross proceeds
- 15000000
- Estimated total addressable market
- $450 billion
- January 2026 offering net proceeds
- 21600000
- January 2026 offering gross proceeds
- 23000000
- Equity loss from airjoule jv six months
- 65658820
Price after filing
Close on the filing date to close N calendar days later (from $1.58). Historical, not a forecast.
AI analysis
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