Income statement, balance sheet and cash flow statement for the last 4 fiscal years, taken from the XBRL data AirJoule Technologies Corp. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2022
FY2023
FY2024
FY2025
Research and development
3.31
2.02
1.01
Selling and marketing
0.54
0.15
0.08
General and administrative
0.89
7.54
9.04
12.5
Operating income
-1.34
-11.4
-65.9
-13.6
Interest income
4.19
0.01
0.93
1
Other non-operating income
4.19
0.01
363
-13.7
Pre-tax income
2.84
-11.4
297
-27.3
Income tax
0.8
1.76
81.3
-18.3
Net income
2.04
-11.4
216
-9.04
EBITDA
-11.4
-65.9
-13.6
Balance sheet
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
1.29
0.06
28
21.8
Other current assets
0.28
0.13
0.61
0.75
Total current assets
1.57
0.5
31.5
23.8
Property, plant and equipment
0
0.02
0.02
Lease right-of-use assets
0.05
0.15
0.12
Other non-current assets
0.05
0.03
Total assets
296
0.56
370
341
Accounts payable
0.27
2.52
0.08
0.16
Accrued liabilities
0.66
0.24
Total current liabilities
1.8
6.43
4.02
2.26
Lease liabilities
0.03
0.12
0.09
Total liabilities
11.9
6.46
118
72.7
Paid-in capital
11.3
53.6
78.4
Retained earnings
-9.19
-17.2
199
189
Shareholders' equity
5.16
-5.9
252
268
Total equity
5.16
-5.9
252
268
Total liabilities and equity
296
0.56
370
341
Cash flow statement
FY2022
FY2023
FY2024
FY2025
Net income
2.04
-11.4
216
-9.04
Depreciation and amortization
0
0.01
0.01
Stock-based compensation
0.52
0.05
1.32
4.87
Deferred income tax
81.3
-18.3
Change in payables
-0.88
2.44
-2.46
0.02
Cash from operations
-1.72
-5.1
-24.3
-5.63
Capital expenditures
-0.1
-0.02
-0.02
Purchases of investments
-10
-17.8
Cash from investing
0.17
189
-10
-17.8
Debt issued
288
Stock issued
61.8
0
Share buybacks
-188
Cash from financing
0.27
61.9
17.2
Net change in cash
-1.56
-4.84
27.6
-6.17
Free cash flow
-5.2
-24.3
-5.65
Income taxes paid
2.39
0
0
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $4.09 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Return on equity (ROE)
-34.1%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-27.6%
Net income / average total assets.
Return on invested capital (ROIC)
-5.3%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Growth
Metric
Value
How it is calculated
Net income growth, 1y
-104.2%
Net income vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
6.3%
Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y
273.0%
Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
-7.9%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
4.8%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
19.7x
Current assets / current liabilities.
Quick ratio
18.9x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
18.9x
(Cash + short-term investments) / current liabilities.
Market cap + total debt - cash - short-term investments.
P/B
1.21x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
1.21x
Market cap / tangible book value, when positive.
FCF yield
-2.4%
Free cash flow / market cap.
Earnings yield
-28.3%
Net income / market cap (the inverse of P/E).
Was AirJoule Technologies Corp. profitable in fiscal 2025?
No. It reported a net loss of $9.0M.
How much free cash flow did AirJoule Technologies Corp. generate in fiscal 2025?
Cash from operations of $5.6M minus capital expenditures of $18.0K left free cash flow of -$5.7M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.