AirJoule Technologies Corporation filed its quarterly report on Form 10-Q with the SEC for the period ended June 30, 2026, disclosing a net loss of $58,359,106 for the first six months of the year, driven primarily by a large equity loss from its investment in AirJoule, LLC.

Key Highlights

  • Six-month net loss: The company reported a net loss of $58,359,106 for the six months ended June 30, 2026, compared to net income of $17,391,871 in the same period of 2025.
  • Equity loss: Equity loss from investment in AirJoule, LLC totaled $65,658,820 for the six months ended June 30, 2026, versus $4,319,945 in the prior-year period.
  • Cash position: Cash, cash equivalents, and restricted cash stood at $41,417,134 as of June 30, 2026, up from $21,848,455 at December 31, 2025.
  • Share count: As of August 1, 2026, there were 73,347,394 shares of Class A common stock issued and outstanding.
  • Common stock issuances: The company raised approximately $21,605,499 net through issuance of common stock in Q1 2026 and approximately $14,164,974 net in Q2 2026.
  • Loss per share: Basic and diluted net loss per Class A common share for the six months ended June 30, 2026 was $0.85, compared to income of $0.30 per share in the same period of 2025.
  • Total assets: Total assets were $306,840,266 as of June 30, 2026, down from $340,642,232 at December 31, 2025.

AirJoule Technologies' Q2 2026 Results: Equity Loss Drives Six-Month Deficit

AirJoule Technologies Corporation (NASDAQ:AIRJ), headquartered in Ronan, Montana, filed its Form 10-Q for the quarterly period ended June 30, 2026. According to the filing, the company reported a net loss of $8,533,565 for the three months ended June 30, 2026, reversing net income of $2,513,213 in the second quarter of 2025. For the six-month period, the net loss was $58,359,106, compared to net income of $17,391,871 a year earlier.

The filing identifies the primary driver of the six-month loss as the equity loss from the company's investment in AirJoule, LLC, which totaled $65,658,820 for the first half of 2026. General and administrative expenses for the six months were $7,162,278, and research and development costs were $388,278. An income tax benefit of $17,664,912 partially offset the pre-tax loss of $76,024,018. The deferred tax liability on the balance sheet decreased from $62,975,045 at December 31, 2025 to $45,310,133 at June 30, 2026, consistent with the tax benefit recognized.

On the balance sheet, the company's investment in AirJoule, LLC declined from $316,657,273 at December 31, 2025 to $263,498,454 at June 30, 2026. Total stockholders' equity was $248,637,802 as of June 30, 2026. During the six months, the company issued shares through its equity line, resulting in aggregate net proceeds of approximately $35,770,473 across both quarters. Stock-based compensation expense for the six-month period totaled $3,347,265. The company also reported interest income of $577,594 for the first half of 2026. As of June 30, 2026, the Earnout Shares liability was $7,161,000 and the Subject Vesting Shares liability was $3,469,000, both measured at fair value.

What Was Disclosed

AirJoule Technologies filed its 10-Q for the period ended June 30, 2026, reporting a six-month net loss of $58,359,106 and a three-month net loss of $8,533,565, with a large equity loss from AirJoule, LLC as the primary driver, partially offset by an income tax benefit.