For the quarter ending 2026-03-31, AIRJ had $9,244,672 increase in cash & cash equivalents over the period. -$2,363,348 in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Non-cash transaction costs in connection with business combination | - | 0 | 0 | 0 |
| Gain on settlement of legal fees | - | 0 | 0 | 0 |
| Net income (loss) | -49,825,541 | -22,419,910 | -4,012,159 | 17,391,871 |
| Depreciation and amortization | 3,902 | 3,089 | 2,871 | 3,877 |
| Deferred tax benefit | -14,744,263 | -12,683,494 | -2,395,969 | -3,201,539 |
| Change in fair value of equity line obligation liability | - | - | -138,324 | 286,819 |
| Amortization of operating lease right-of-use assets | 8,209 | 8,114 | 8,020 | 15,766 |
| Change in fair value of earnout shares liability | -1,428,000 | -948,000 | 1,728,000 | -19,108,000 |
| Change in fair value of true up shares liability | 0 | 0 | 0 | 106,106 |
| Change in fair value of subject vesting shares liability | -441,000 | -326,000 | 95,000 | -6,408,000 |
| Change in fair value of equity line obligation liability | -35,598 | 240,134 | - | - |
| Change in accrued royalties | - | 0 | -250,000 | - |
| Gain on contribution to airjoule, llc | - | 0 | 0 | 0 |
| Loss on disposition of property and equipment | -1,577 | - | - | - |
| Equity loss from investment in airjoule, llc | -63,147,868 | -33,002,829 | -1,948,586 | -4,319,945 |
| Due to related party | - | 0 | 0 | 0 |
| Stock-based compensation | 1,320,056 | 1,275,272 | 1,172,489 | 2,419,596 |
| Due from related party | -735,675 | 33,767 | 360,187 | -2,496,577 |
| Prepaid expenses and other assets | 262,747 | -245,434 | -225,924 | 355,138 |
| Operating lease liabilities | -8,268 | -8,046 | -7,951 | -14,230 |
| Accounts payable | -79,544 | -30,611 | -167,643 | 217,385 |
| Accrued expenses and other liabilities | -736,168 | 224,637 | 279,097 | -122,308 |
| Net cash (used in) provided by operating activities | -2,343,842 | -1,598,814 | -1,872,246 | -2,163,485 |
| Deferred offering costs paid | 0 | - | - | - |
| Purchases of property and equipment | 19,506 | 0 | 6,632 | 11,376 |
| Investment in airjoule, llc | 10,000,000 | 5,000,000 | 2,750,000 | 10,000,000 |
| Net cash used in investing activities | -10,019,506 | -5,000,000 | -2,756,632 | -10,011,376 |
| Proceeds from the exercise of warrants | - | 0 | 0 | 0 |
| Proceeds from the exercise of options and purchases pursuant to employee stock purchase plan | 62,366 | 0 | 140,887 | - |
| Proceeds from the exercise of options | - | - | - | 99,718 |
| Proceeds from the pipe offering, net | - | -1,463 | -312,375 | 14,556,106 |
| Proceeds from the issuance of common stock | 22,151,003 | 0 | 0 | 0 |
| Taxes paid related to net share settlement of equity awards | 58,675 | - | - | - |
| Proceeds from the issuance of common stock pursuant to equity line purchase agreement | - | 2,544,515 | 405,098 | - |
| Deferred offering costs paid | 546,674 | 103,508 | - | - |
| Net cash provided by financing activities | 21,608,020 | 2,439,544 | 133,892 | 14,655,824 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 9,244,672 | -4,159,270 | -4,494,986 | 2,480,963 |
| Cash, cash equivalents and restricted cash, beginning of period | 21,848,455 | 26,007,725 | 28,021,748 | - |
| Cash, cash equivalents and restricted cash, end of the period | 31,093,127 | 21,848,455 | 26,007,725 | - |
AirJoule Technologies Corp. (AIRJ)
AirJoule Technologies Corp. (AIRJ)