AirJoule Technologies Corporation Class A Common Stock (AIRJ)

FairStock Score: 37/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a patient value investor, I start with what is knowable. AirJoule is a 16-employee Industrials company developing atmospheric water harvesting and related cooling systems. The filings show no revenue in the periods provided, so I cannot judge commercial traction. What I can judge is uneven profitability: net income was $215.7M in FY2024, then -$9.0M in FY2025, -$49.8M in fiscal Q1 2026 (quarter ended 2026-03-31), and -$8.5M in fiscal Q2 2026 (quarter ended 2026-06-30). Earlier, fiscal Q2 2025 showed $2.5M and fiscal Q3 2025 -$4.0M. That is a very unstable earnings record. At the 2026-10-13 close of $3.56, market cap is $261.1M. FairStock calculations show a negative P/E of -2.80, P/B of 1.04, ROE of -31.57%, ROCE of -2.55%, and FCF yield of -2.8% on -$7.3M trailing free cash flow. The balance sheet has no debt (D/E 0.00) and an Altman Z-Score of 3.45, but Piotroski is only 1/9, so quality signals are mostly poor. FairStock labels it a TURNAROUND—loss in latest year after earlier profits—and scores it 37/100. I see no durable competitive moat in the numbers; the technology may be promising, but promise is not earnings. The stock trades near book value, which offers some valuation support, yet negative cash flow and absent revenue mean I would demand evidence of commercial adoption and narrowing losses before calling this a bargain.

In plain English: AirJoule is a small company that develops technology to pull water from the air and improve heating and cooling systems. It has very few employees, no revenue shown in recent filings, and has mostly been losing money, so the business looks weak and unproven. At the 2026-10-13 close of $3.56, the price is hard to call cheap or expensive because there are no steady profits to compare against, though it trades near the value of its net assets on its books.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer