AirJoule Technologies Corp.
For the period ended Jun 30, 2026. Filed Aug 14, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 14, 2026
AIRJ$2.58+8.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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June 30, 2026
CONDENSED CONSOLIDATED STATE MENTS OF CASH FLOWS (UNAUDITED)
| Six Months Ended June 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities | ||
| Net income (loss) | $(58,359,106) | $17,391,871 |
| Adjustment to reconcile net income (loss) to cash (used in) provided by operating activities: | ||
| Depreciation and amortization | 8,307 | 3,877 |
| Deferred tax benefit | (17,664,912) | (3,201,539) |
| Amortization of operating lease right-of-use assets | 16,517 | 15,766 |
| Change in fair value of Earnout Shares liability | 965,000 | (19,108,000) |
| Change in fair value of True Up Shares liability | — | (106,106) |
| Change in fair value of Subject Vesting Shares liability | 2,289,000 | (6,408,000) |
| Change in fair value of Equity Line Obligation liability | (35,598) | 286,819 |
| Loss on disposition of property and equipment | 1,577 | — |
| Equity loss from investment in AirJoule, LLC | 65,658,820 | 4,319,945 |
| Stock-based compensation | 2,850,550 | 2,419,596 |
| Changes in operating assets and liabilities: | ||
| Due from related party | 934,723 | 2,496,577 |
| Prepaid expenses and other assets | (233,078) | (355,138) |
| Operating lease liabilities | (16,889) | (14,230) |
| Accounts payable | 108,564 | 217,385 |
| Accrued expenses and other liabilities | (283,427) | (122,308) |
| Net cash used in operating activities | (3,759,952) | (2,163,485) |
| Cash flows from investing activities | ||
| Purchases of property and equipment | (19,506) | (11,376) |
| Investment in AirJoule, LLC | (12,500,000) | (10,000,000) |
| Net cash used in investing activities | (12,519,506) | (10,011,376) |
| Cash flows from financing activities | ||
| Proceeds from the exercise of options and purchases pursuant to employee stock purchase plan | 62,365 | 99,718 |
| Proceeds from the PIPE offering, net | — | 14,556,106 |
| Proceeds from the issuance of common stock | 36,453,501 | — |
| Deferred offering costs paid | (546,674) | — |
| Taxes paid related to net share settlement of equity awards | (121,055) | — |
| Net cash provided by financing activities | 35,848,137 | 14,655,824 |
| Net increase in cash, cash equivalents and restricted cash | 19,568,679 | 2,480,963 |
| Cash, cash equivalents and restricted cash, beginning of period | 21,848,455 | 28,021,748 |
| Cash, cash equivalents and restricted cash, end of the period | $41,417,134 | $30,502,711 |
| Supplemental non-cash investing and financing activities: | ||
| Issuance of True Up Shares | $— | $2,082,894 |
| Deferred offering costs included in accrued expenses and other current liabilities | $137,524 | $312,375 |
| Supplemental cash flow information: | ||
| Taxes paid | $— | $— |
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