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AirJoule Technologies (AIRJ) AI Stock Analysis
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AirJoule Technologies
(NASDAQ:AIRJ)
The score is primarily held back by weak financial performance (pre-revenue characteristics, widening TTM losses, and ongoing cash burn) and poor technicals (broad downtrend with negative MACD and price below key moving averages). Positive offsets come from earnings-call-driven commercialization momentum and partner validation, plus a strategically positive acquisition, but these are not yet reflected in stable revenue and cash generation.
AirJoule Technologies (AIRJ) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $186.30M
- Dividend Yield
- ―
- Average Volume (3M)
- 1.19M
- Price to Earnings (P/E)
- -2.0
- Beta (1Y)
- 1.38
- Revenue Growth
- ―
- EPS Growth
- -290.79%
- Country
- US
- Employees
- 16
- Sector
- Industrials
- Sector Strength
- 63
- Industry
- Electrical Equipment & Parts
AirJoule Technologies Business Overview & Revenue Model
Company Description
AirJoule Technologies Corporation operates as an atmospheric renewable energy and water harvesting technology company. It provides energy and dehumidification, water harvesting systems, water recapture systems, evaporative heat pump systems, water he...
How the Company Makes Money
Publicly verifiable, company-specific details on AirJoule Technologies’ (AIRJ) revenue model and current revenue streams are null. In general terms consistent with an atmospheric-water-harvesting technology company, potential ways the company could g...
AirJoule Technologies Earnings Call Summary
The call emphasized strong commercial progress and validation: exclusive channel partnerships (Kubota), technology deployments (Prime operating, Core showcased at GE Vernova and UAE), industry recognition (Net Zero Hub selection, Expo City green license), manufacturing preparation, and a multi-year cash runway into 2028. Near-term challenges include a reported net loss of $8.5M driven by noncash charges, increased cash burn guidance (~$27–28M for 2026, up from prior ~$25M), modest revenue expected in 2026, and execution dependence on partners and the JV. On balance, the company demonstrated tangible commercialization momentum and partner validation that outweigh the near-term financial and execution risks.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Management updated financial and operational guidance and key metrics: Q2 net operating expenses were $4.1M (including $0.8M reimbursed), net loss $8.5M (including $5.1M of non‑cash fair‑value losses), and JV operating expenses were ~ $5M with AirJoule contributing $2.5M of additional JV capital; AirJoule ended Q2 with $41.4M cash (including $14.2M net proceeds from a June registered direct offering) and combined AJT+JV cash of ~$43M with no debt. Full‑year 2026 cash spend guidance was raised slightly to ~$27–28M to support accelerated commercialization, and management expects liquidity to fund operations, the JV and planned deployments into 2028; modest paid JV deployment revenue is expected in 2026 with more meaningful commercial revenue beginning in 2027. Operational targets highlighted include the Prime system trending toward ~2,000 liters/day and the Core DH targeting a ~1.2 million‑unit desiccant‑wheel market, with two Kubota Core deployments slated to start later this quarter (Corpus Christi, TX and Irvine, CA).
AirJoule Technologies Financial Statement Overview
Summary
Financials reflect an early-stage, largely pre-revenue profile with persistent operating losses and consistently negative operating/free cash flow. While the balance sheet shows very low leverage and stronger capitalization currently, results are volatile (including a non-operating-driven profit in 2024) and TTM losses worsened sharply, keeping financial performance below average.
Income Statement
12Very NegativeBalance Sheet
72PositiveCash Flow
24Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | -11.20K | 0 | 0 | 0 | 0 | 0 |
| EBITDA | -102.52M | -27.28M | -11.18M | -11.35M | -2.77M | -2.31M |
| Net Income | -84.79M | -9.04M | 215.70M | -11.38M | -2.79M | -2.31M |
Balance Sheet | ||||||
| Total Assets | 306.84M | 340.64M | 369.85M | 556.13K | 295.97M | 293.83M |
| Cash, Cash Equivalents and Short-Term Investments | 41.42M | 21.85M | 28.02M | 375.80K | 1.29M | 2.84M |
| Total Debt | 107.11K | 124.00K | 154.23K | 49.54K | 0 | 0 |
| Total Liabilities | 58.20M | 72.70M | 117.74M | 6.46M | 11.86M | 11.77M |
| Stockholders Equity | 248.64M | 267.94M | 252.11M | -5.90M | 284.10M | 282.06M |
Cash Flow | ||||||
| Free Cash Flow | -7.25M | -5.65M | -24.28M | -5.20M | -2.85M | -1.90M |
| Operating Cash Flow | -7.23M | -5.63M | -24.26M | -5.10M | -2.85M | -1.89M |
| Investing Cash Flow | -20.28M | -17.77M | -10.02M | 0 | 167.55K | -13.02K |
| Financing Cash Flow | 38.43M | 17.23M | 61.93M | 265.30K | 4.97M | 4.54M |
AirJoule Technologies Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AIRJ, the sentiment is Negative. The current price of 2.54 is below the 20-day moving average (MA) of 3.21, below the 50-day MA of 3.89, and below the 200-day MA of 3.90, indicating a bearish trend. The MACD of -0.36 indicates Positive momentum. The RSI at 18.79 is Positive, neither overbought nor oversold. The STOCH value of 19.66 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AIRJ.
AirJoule Technologies Risk Analysis
AirJoule Technologies disclosed 51 risk factors in its most recent earnings report. AirJoule Technologies reported the most risks in the "Finance & Corporate" category.
Latest Risks Added
1 New RiskAirJoule Technologies Peers Comparison
Overall Rating
VRT74.7Outperform
AYI71Outperform
HAYW71Outperform
NVT68Neutral
AIRJ49Neutral
TGEN32Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| 75Outperform | $89.53B | 42.50 | 45.50% | 0.11% | 35.27% | 101.24% | |
| 71Outperform | $9.45B | 18.17 | 18.54% | 0.25% | 6.82% | 36.28% | |
| 71Outperform | $3.36B | 20.41 | 10.62% | ― | 7.57% | 23.19% | |
| 68Neutral | $20.39B | 30.00 | 17.35% | 0.67% | 47.96% | 13.45% | |
| Sector * | 63Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
| 49Neutral | $191.03M | -1.96 | -32.48% | ― | ― | -290.79% | |
| 32Underperform | $60.07M | -4.81 | -59.21% | ― | -6.45% | -106.73% |
* Industrials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| AIRJ | Airjoule Technologies Corporation | 2.54 | -2.67 | -51.25% | |
| AYI | Acuity Brands Inc | 318.14 | -46.53 | -12.76% | |
| TGEN | Tecogen Inc | 1.99 | -7.74 | -79.55% | |
| NVT | Nvent Electric | 125.98 | 14.33 | 12.83% | |
| VRT | Vertiv Holdings Co | 232.50 | 41.30 | 21.60% | |
| HAYW | Hayward Holdings, Inc. | 16.12 | -0.43 | -2.60% |
AirJoule Technologies Corporate Events
AirJoule acquires BitSink to expand AI data infrastructure
PositiveOn September 10, 2026, AirJoule Technologies LLC acquired all equity interests in BitSink LLC for $18 million in cash and $9 million in common stock, with the seller subject to non-compete obligations and eligible for up to $40 million in stock-based...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 27, 2026