Security
XPDBU · AirJoule Technologies Corp.
XPDBUNASDAQUnitHistorical · closed Mar 14, 2024CIK 1855474Updated Sep 26, 2026
Name history
Montana Technologies Corp. · through Oct 21, 2024Power & Digital Infrastructure Acquisition II Corp. · through Mar 14, 2024
Current security for this SEC filerAIRJ · NASDAQ
XPDBU price & chart
Historical security
This listing closed Mar 14, 2024. Live provider charts are shown only for current listings.
Current security: AIRJ
About the company
AirJoule is a water harvesting technology company that produces pure distilled water by harvesting the water vapor in the atmosphere. Our proprietary AirJoule system, once commercialized, will provide cost-effective water to businesses and consumers around the world and help address growing concerns around water scarcity. Our system is especially valuable for industrial users, which generate significant amounts of waste heat that can be utilized to produce pure distilled water and dehumidified air — two key inputs for a variety of industrial activities, including data centers and advanced manufacturing. In HVAC applications, our AirJoule technology is designed to reduce energy consumption, minimize or even eliminate the use of environmentally-harmful refrigerants, and generate material cost efficiencies for air conditioning systems. We are focused on commercialization and scaling manufacturing of our AirJoule systems through our global partnerships, including with GE Ventures LLC (“GE Vernova”) and Carrier Global Corporation (“Carrier”), and we believe that deploying AirJoule units worldwide can help to improve water security and reduce global emissions. We plan to manufacture AirJ…
In the news
No coverage from other publishers is available.
Recent filings
Entry into a Material Definitive Agreement · Unregistered Sales of Equity Securities · Regulation FD Disclosure
Items 1.01, 3.02, 7.01, 9.01
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
424B3 filing
424B3 filing
Show 5 more recent filings
Financials
FY 2025 · USDSource
Source
Source
balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 340,642,232Source | 369,852,120Source | 114,700,694Source | 295,968,237Source |
| Property, Plant and Equipment, NetUSD | 24,544Source | 16,373Source | 3,832Source | — |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | — | — | 59,167Source | 1,287,986Source |
| Assets, CurrentUSD | 23,811,617Source | 31,455,631Source | 59,167Source | 1,572,391Source |
| Prepaid Expense and Other Assets, CurrentUSD | 750,648Source | 613,754Source | — | — |
| Operating Lease, Right-of-Use AssetUSD | 115,102Source | 147,001Source | — | — |
| Other Assets, NoncurrentUSD | 33,696Source | 54,482Source | — | — |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 72,704,371Source | 117,741,796Source | 15,548,136Source | 11,864,944Source |
| Stockholders’ equity: | ||||
| Additional Paid in CapitalUSD | 78,444,477Source | 53,577,270Source | — | — |
| Retained Earnings (Accumulated Deficit)USD | 189,487,263Source | 198,527,461Source | -14,976,916Source | -9,190,855Source |
| Stockholders' Equity Attributable to ParentUSD | 267,937,861Source | 252,110,324Source | -14,976,197Source | -9,190,136Source |
| Liabilities and EquityUSD | 340,642,232Source | 369,852,120Source | 114,700,694Source | 295,968,237Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 2,263,762Source | 4,018,747Source | 9,510,636Source | 1,802,444Source |
| Operating Lease, Liability, CurrentUSD | 34,437Source | 30,227Source | — | — |
| Accounts Payable, CurrentUSD | 163,107Source | 79,202Source | 695,515Source | 267,297Source |
| Operating Lease, Liability, NoncurrentUSD | 89,564Source | 124,002Source | — | — |
| Deferred Income Tax Liabilities, NetUSD | 62,975,045Source | 81,256,047Source | — | — |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | — | — | 5,737,714Source | 660,491Source |
| Deferred Revenue, NoncurrentUSD | — | — | 6,037,500Source | — |
| Deferred Tax Liabilities, NetUSD | 62,975,045Source | 81,256,047Source | — | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | 2,041,984Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 4,867,357Source | 1,323,936Source | — | 516,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts PayableUSD | 19,131Source | -2,459,898Source | 428,218Source | -880,791Source |
| Deferred Income Tax Expense (Benefit)USD | -18,281,002Source | 81,256,047Source | — | — |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -5,634,545Source | -24,261,446Source | -1,977,184Source | -1,724,169Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -17,768,008Source | -10,019,058Source | 188,880,497Source | 167,553Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 18,008Source | 19,058Source | — | — |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | — | — | 188,132,132Source | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 17,229,260Source | 61,926,456Source | -188,132,132Source | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 21,848,455Source | 28,021,748Source | 59,167Source | 1,287,986Source |
| Supplemental disclosure of cash flow information: | ||||
| Income Taxes Paid, NetUSD | 0Source | — | 2,389,251Source | — |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 4,867,357Source | 1,323,936Source | 516,000Source | — |
| Gain (Loss) on InvestmentsUSD | — | — | — | 4,187,504Source |
| Gain (Loss) Related to Litigation SettlementUSD | 0Source | 2,207,445Source | — | — |
| General and Administrative ExpenseUSD | 12,487,797Source | 9,042,150Source | 5,889,740Source | 887,745Source |
| Income (Loss) from Equity Method InvestmentsUSD | -39,271,360Source | -5,321,367Source | — | — |
| Income Tax Expense (Benefit)USD | -18,281,002Source | 81,256,047Source | 1,758,720Source | 802,367Source |
| Investment Income, InterestUSD | 997,687Source | 932,371Source | 9,126,178Source | 4,187,504Source |
| Net Income (Loss) Attributable to ParentUSD | -9,040,198Source | 215,695,562Source | 1,242,993Source | 2,041,984Source |
| Nonoperating Income (Expense)USD | -13,735,648Source | 362,864,694Source | 9,331,453Source | — |
| Operating Lease, ExpenseUSD | 0Source | 6,000Source | — | — |
| Other Nonoperating Income (Expense)USD | 2,995Source | — | — | — |
| Payments to Acquire InvestmentsUSD | 17,750,000Source | 10,000,000Source | — | — |
| Proceeds from Issuance of Common StockUSD | 0Source | 61,750,000Source | — | — |
| Proceeds from Stock Options ExercisedUSD | — | 130,696Source | — | — |
| Unrealized Gain (Loss) on InvestmentsUSD | 0Source | 333,500,000Source | — | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Operating Income (Loss)USD | -13,585,552Source | -65,913,085Source | -6,329,740Source | -1,343,153Source |
| Other Nonoperating Income (Expense)USD | 2,995Source | — | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -27,321,200Source | 296,951,609Source | 3,001,713Source | — |
| Income Tax Expense (Benefit)USD | -18,281,002Source | 81,256,047Source | 1,758,720Source | 802,367Source |
| Net Income (Loss) Attributable to ParentUSD | -9,040,198Source | 215,695,562Source | 1,242,993Source | 2,041,984Source |
| Additional Financial Items | ||||
| Depreciation, Depletion and Amortization, NonproductionUSD | 9,837Source | 6,517Source | — | — |
| Gain (Loss) on InvestmentsUSD | — | — | — | 4,187,504Source |
| Gain (Loss) Related to Litigation SettlementUSD | 0Source | 2,207,445Source | — | — |
| General and Administrative ExpenseUSD | 12,487,797Source | 9,042,150Source | 5,889,740Source | 887,745Source |
| Income (Loss) Attributable to Parent, before TaxUSD | — | — | — | 2,844,351Source |
| Income (Loss) from Equity Method InvestmentsUSD | -39,271,360Source | -5,321,367Source | — | — |
| Investment Income, InterestUSD | 997,687Source | 932,371Source | 9,126,178Source | 4,187,504Source |
| Investment Income, NetUSD | — | — | — | 875,000Source |
| Nonoperating Income (Expense)USD | -13,735,648Source | 362,864,694Source | 9,331,453Source | — |
| Operating Lease, ExpenseUSD | 0Source | 6,000Source | — | — |
| Other ExpensesUSD | — | — | — | 100,000Source |
| Other General and Administrative ExpenseUSD | 0Source | 20,000Source | — | — |
| Other IncomeUSD | — | 2,217,690Source | — | — |
| Research and Development ExpenseUSD | 1,008,592Source | 2,020,388Source | — | — |
| Selling and Marketing ExpenseUSD | 79,326Source | 150,927Source | — | — |
Offerings
Registration 333-286145
Filing attachments
airj-ex99_1.htm · 8-K · 2026-09-14
EX-99.1 4 airj-ex99_1.htm EX-99.1 EX-99.1 AirJoule Technologies Acquires BitSink, Adding Profitable AI & HPC Infrastructure Cooling Business • Acquisition complements AirJoule Technologies' water technology with BitSink’s well-established cooling solutions to address the critical infrastructure requirements of next-generation modular data centers • BitSink has a proven track record of reliable uptime performance with 220+ MW of equipment deployments across North America • Management will…
Read attachment ↗airj-ex99_1.htm · 8-K · 2026-08-13
EX-99.1 2 airj-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 AirJoule Technologies Announces Second Quarter 2026 Results and Provides Business Update AIRJ Signs Exclusive Sales Agreement with Kubota Corporation, Commissions First Full-Scale AirJoule Prime System, and Extends Commercialization into the UAE Ronan, Mont., August 13, 2026 - AirJoule Technologies Corporation (NASDAQ: AIRJ) (“AirJoule Technologies” or “AIRJ”), a leading platform technology that unleashes the power of water from air,…
Read attachment ↗airj-ex99_1.htm · 8-K · 2026-06-01
EX-99.1 5 airj-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 AirJoule Technologies Announces $15.0 Million Registered Direct Offering of Common Stock Net proceeds expected to fully fund the Company into 2028 and support the commercialization of the AirJouleTM Core and Prime systems RONAN, Mont., May 28, 2026 - AirJoule Technologies Corporation (NASDAQ: AIRJ) (“AirJoule Technologies” or the “Company”), a leading platform technology that unleashes the power of water from air, today announced tha…
Read attachment ↗airj-ex99_1.htm · 8-K · 2026-05-14
EX-99.1 2 airj-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 AirJoule Technologies Announces First Quarter 2026 Results and Provides Business Update AIRJ Completes First Full-Scale AirJoule Prime Build, Advances AirJoule Core Platform, and Strengthens Commercial Engagement Ronan, Mont., May 14, 2026 - AirJoule Technologies Corporation (NASDAQ: AIRJ) (“AirJoule Technologies” or “AIRJ”), a leading platform technology that unleashes the power of water from air, today announced its results for the…
Read attachment ↗airj-ex99_1.htm · 8-K · 2026-03-31
EX-99.1 2 airj-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 AirJoule Technologies Announces Fourth Quarter and Full Year 2025 Results and Provides Business Update AIRJ Achieves 2025 Objectives Across Technology Validation, Product Development, and Strategic Partnerships Ronan, MT, March 30, 2026 - AirJoule Technologies Corporation (NASDAQ: AIRJ) (“AirJoule Technologies” or “AIRJ”), a leading platform technology that unleashes the power of water from air, today announced its fourth quarter and…
Read attachment ↗ea027268601ex99-1_airjoule.htm · 8-K · 2026-01-14
EX-99.1 4 ea027268601ex99-1_airjoule.htm PRESS RELEASE DATED JANUARY 14, 2026 Exhibit 99.1 AirJoule Technologies Announces Pricing of Public Offering of Class A Common Stock RONAN, Mont., January 14, 2026 - AirJoule Technologies Corporation (NASDAQ: AIRJ) (“AIRJ” or the “Company”) today announced the pricing of an underwritten public offering of 6,153,847 shares of its Class A common stock, par value $0.0001 per share (“Class A common stock”), at a public offering price of $3.25 per share…
Read attachment ↗