Revenue: As of FY2026 Q1, the actual value is USD 0.

EPS: As of FY2026 Q1, the actual value is USD -0.74.

EBIT: As of FY2026 Q1, the actual value is USD -3.894 M.

Financial Performance Overview

Net Income (Loss)

AirJoule Technologies Corporation reported a net loss of - $49,825,541 for the three months ended March 31, 2026, a significant decrease compared to a net income of $14,878,658 for the same period in 2025.

Operational Costs

• General and Administrative Expenses increased to $3,344,346 in Q1 2026 from $2,786,484 in Q1 2025.
• Research and Development Expenses decreased to $215,471 in Q1 2026 from $387,919 in Q1 2025.
• Sales and Marketing Expenses rose to $45,903 in Q1 2026 from $14,209 in Q1 2025.
• Depreciation and Amortization increased to $3,902 in Q1 2026 from $1,588 in Q1 2025.

Loss from Operations

The loss from operations for Q1 2026 was - $3,609,622, compared to a loss of - $3,190,200 in Q1 2025.

Cash Flow from Operating Activities

Net cash used in operating activities was - $2,343,842 for Q1 2026, a decrease from net cash provided by operating activities of $72,246 in Q1 2025.

Cash Flow from Investing Activities

Net cash used in investing activities was - $10,019,506 for Q1 2026, compared to - $5,135,239 in Q1 2025.

Cash Flow from Financing Activities

Net cash provided by financing activities was $21,608,020 for Q1 2026, significantly higher than $41,760 in Q1 2025, primarily due to proceeds from the issuance of common stock.

Cash Position and Liquidity

AirJoule Technologies Corporation ended the first quarter of 2026 with $31.1 million in cash. Including $3.9 million cash at the ⁵⁰⁄₅₀ joint venture with GE Vernova, the combined cash position was $35.0 million with no debt. The company funded $10 million in capital contributions to the joint venture during Q1 2026.

Other Key Financials

• Total Current Assets were $32,801,216 as of March 31, 2026, up from $23,811,617 as of December 31, 2025.
• Total Assets were $296,489,780 as of March 31, 2026, down from $340,642,232 as of December 31, 2025.
• Total Liabilities were $55,230,361 as of March 31, 2026, down from $72,704,371 as of December 31, 2025.
• Total Stockholders’ Equity was $241,259,419 as of March 31, 2026, down from $267,937,861 as of December 31, 2025.

Operational Metrics and Highlights

AirJoule Technologies Corporation completed the first full-scale build of its AirJoule Prime system (~2,000 liters per day) and advanced the AirJoule Core platform (~250 liters per day), locking its design. A two-variant Core product roadmap was introduced, targeting water generation (Core AWG) and energy-efficient dehumidification (Core DH), with the Core DH system demonstrating up to 40% energy savings. The company advanced UL certification work and water-quality compliance, with AirJoule water meeting FDA bottled water standards. AirJoule Technologies Corporation was recognized as “Water Tech Innovation of the Year” in the 2026 CleanTech Breakthrough Awards Program.

Outlook / Guidance

AirJoule Technologies Corporation expects to commission and deploy the first AirJoule Prime system in Europe, with commercial launches for Core AWG targeted for Q4 2026 and Core DH for 2027. The company plans to advance customer engagements across multiple sectors to build a deployed reference base and contracted customer relationships for scaled commercial activity in 2027. AirJoule Technologies Corporation reaffirms its 2026 spend framework, expecting approximately $25 million in combined cash spend, and has sufficient cash to fund operations and planned commercial deployments through 2027.