Earnings ·
AirJoule Technologies Corporation reported a net loss of $8.5 million for the second quarter of 2026, compared to net…
AIRJAirJoule Technologies Corp.
AirJoule Technologies Corporation reported a net loss of $8.5 million for the second quarter of 2026, compared to net income of $2.5 million in the prior year period. The company ended the quarter with $41.4 million in cash, including $14.2 million from a registered direct offering completed in June 2026. Management updated its 2026 combined spend framework for AirJoule Technologies and its joint venture to approximately $27–$28 million, up from the previous estimate of $25 million, citing increased commercialization activity. Key operational milestones included signing an exclusive sales agreement with Kubota Corporation for residential deployments in Texas and California, commissioning the first full-scale AirJoule Prime system at its Delaware facility, and receiving a Green Licence in Expo City Dubai. The company also highlighted ongoing partnerships with GE Vernova and the Net Zero Innovation Hub for Data Centers. AirJoule Technologies operates as a platform technology company developing sorption systems to extract water from air using waste heat.