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.

Operational Metrics

• Net Income (Loss): For the three months ended September 30, 2025, the net loss was - $4,012,159 compared to a net income of $35,016,858 for the same period in 2024. For the nine months ended September 30, 2025, net income was $13,379,712 compared to $230,002,045 in 2024.
• General and Administrative Expenses: Increased to $2,962,759 for the three months ended September 30, 2025, from $2,438,227 in 2024. For the nine months ended September 30, 2025, expenses were $9,500,454 compared to $6,462,671 in 2024.
• Research and Development Expenses: For the three months ended September 30, 2025, expenses were - $8,476 compared to - $87,147 in 2024. For the nine months ended September 30, 2025, expenses were $781,066 compared to $1,809,814 in 2024.
• Sales and Marketing Expenses: For the three months ended September 30, 2025, expenses were $50,473 compared to $23,639 in 2024. For the nine months ended September 30, 2025, expenses were $72,476 compared to $136,205 in 2024.

Cash Flow

• Net Cash Used in Operating Activities: For the nine months ended September 30, 2025, net cash used was - $4,035,731 compared to - $21,561,224 in 2024.
• Net Cash Used in Investing Activities: For the nine months ended September 30, 2025, net cash used was - $12,768,008 compared to - $10,016,031 in 2024.
• Net Cash Provided by Financing Activities: For the nine months ended September 30, 2025, net cash provided was $14,789,716 compared to $61,889,003 in 2024.

Unique Metrics

• Equity Loss from Investment in AirJoule, LLC: For the three months ended September 30, 2025, the equity loss was - $1,948,586 compared to - $2,336,554 in 2024. For the nine months ended September 30, 2025, the equity loss was - $6,268,531 compared to - $2,943,724 in 2024.

Future Outlook and Strategy

• Core Business Focus: The company plans to manufacture initial AirJoule systems capable of producing more than 250 liters per day in 2025 for customer demonstrations, with commercial sales expected to scale in 2026.
• Non-Core Business: The company is leveraging strategic partnerships to accelerate market penetration and scale manufacturing capabilities, aiming to co-develop sector-specific solutions.