Revenue: As of FY2025 Q3, the actual value is USD 0.

EPS: As of FY2025 Q3, the actual value is USD -0.07.

EBIT: As of FY2025 Q3, the actual value is USD -3.281 M.

Financial Results for Third Quarter Ended September 30, 2025

General and Administrative Expenses

• $2,962,759 for Q3 2025
• $2,438,227 for Q3 2024
• $9,500,454 for the nine months ended September 30, 2025
• $6,462,671 for the nine months ended September 30, 2024

Research and Development Expenses

• - $8,476 for Q3 2025
• - $87,147 for Q3 2024
• $781,066 for the nine months ended September 30, 2025
• $1,809,814 for the nine months ended September 30, 2024

Sales and Marketing Expenses

• $50,473 for Q3 2025
• $23,639 for Q3 2024
• $72,476 for the nine months ended September 30, 2025
• $136,205 for the nine months ended September 30, 2024

Depreciation and Amortization

• $2,871 for Q3 2025
• $2,136 for Q3 2024
• $6,748 for the nine months ended September 30, 2025
• $4,437 for the nine months ended September 30, 2024

Loss from Operations

• - $3,007,627 for Q3 2025
• - $2,376,855 for Q3 2024
• - $10,360,744 for the nine months ended September 30, 2025
• - $63,106,230 for the nine months ended September 30, 2024

Interest Income

• $272,899 for Q3 2025
• $374,051 for Q3 2024
• $799,656 for the nine months ended September 30, 2025
• $616,677 for the nine months ended September 30, 2024

Equity Loss from Investment in AirJoule, LLC

• - $1,948,586 for Q3 2025
• - $2,336,554 for Q3 2024
• - $6,268,531 for the nine months ended September 30, 2025
• - $2,943,724 for the nine months ended September 30, 2024

Change in Fair Value of Earnout Shares Liability

• - $1,728,000 for Q3 2025
• $31,759,000 for Q3 2024
• $17,380,000 for the nine months ended September 30, 2025
• $37,151,000 for the nine months ended September 30, 2024

Change in Fair Value of True Up Shares Liability

• - $1,866,000 for Q3 2024
• $106,106 for the nine months ended September 30, 2025
• - $1,733,000 for the nine months ended September 30, 2024

Change in Fair Value of Subject Vesting Shares Liability

• - $95,000 for Q3 2025
• $8,188,000 for Q3 2024
• $6,313,000 for the nine months ended September 30, 2025
• $7,522,000 for the nine months ended September 30, 2024

Gain on Settlement of Legal Fees

• $2,207,445 for the nine months ended September 30, 2024

Other Income (Expense), Net

• $98,187 for Q3 2025
• $6,921 for Q3 2024
• - $187,283 for the nine months ended September 30, 2025
• $6,921 for the nine months ended September 30, 2024

Total Other Income (Loss), Net

• - $3,400,500 for Q3 2025
• $36,125,418 for Q3 2024
• $18,142,948 for the nine months ended September 30, 2025
• $376,327,319 for the nine months ended September 30, 2024

Income (Loss) Before Income Taxes

• - $6,408,127 for Q3 2025
• $33,748,563 for Q3 2024
• $7,782,204 for the nine months ended September 30, 2025
• $313,221,089 for the nine months ended September 30, 2024

Income Tax Benefit (Expense)

• $2,395,968 for Q3 2025
• $1,268,295 for Q3 2024
• $5,597,508 for the nine months ended September 30, 2025
• - $83,219,044 for the nine months ended September 30, 2024

Net Income (Loss)

• - $4,012,159 for Q3 2025
• $35,016,858 for Q3 2024
• $13,379,712 for the nine months ended September 30, 2025
• $230,002,045 for the nine months ended September 30, 2024

Cash Flow

Net Cash Used in Operating Activities

• - $4,035,731 for the nine months ended September 30, 2025
• - $21,561,224 for the nine months ended September 30, 2024

Net Cash Used in Investing Activities

• - $12,768,008 for the nine months ended September 30, 2025
• - $10,016,031 for the nine months ended September 30, 2024

Net Cash Provided by Financing Activities

• $14,789,716 for the nine months ended September 30, 2025
• $61,889,003 for the nine months ended September 30, 2024

Cash, Cash Equivalents and Restricted Cash

• $26,007,725 as of September 30, 2025
• $28,021,748 as of December 31, 2024

Outlook / Guidance

AirJoule Technologies expects to generate initial revenues across multiple pathways in the near term, including commercial system sales, water purchase agreements, and defense applications. The company anticipates providing updates on commercial negotiations, deployment timelines, and potential revenue guidance as customer discussions progress and agreements are finalized. AirJoule Technologies is committed to executing its commercialization strategy with discipline, urgency, and focus on delivering shareholder value.