AirJoule Technologies disclosed its third‑quarter 2025 financial results, reporting a net loss of $4.01 million and a non‑GAAP loss per share of $0.07, a narrower loss than the consensus estimate of $0.0867. The beat reflects disciplined cost management amid continued investment in product development and manufacturing readiness.
Revenue remained zero, in line with the company’s pre‑revenue status. The loss was driven primarily by operating expenses that rose to $12.3 million from $9.8 million in Q2 2025, reflecting capital‑intensive scaling of its atmospheric‑water‑harvesting platform and expanded field‑demonstration activities.
Management highlighted key milestones, including a partnership with the Net Zero Innovation Hub for Data Centers and a deployment at Arizona State University. These collaborations validate the technology’s commercial viability and position AirJoule to launch its first commercial units in 2026.
The company’s cash balance stood at $26 million at the end of September, providing a runway for the planned commercialization push. AirJoule reiterated that it expects to achieve the first commercial sales in 2026, with guidance indicating continued investment in R&D and manufacturing capacity.
Analysts noted that the EPS beat was largely due to tighter cost controls, while the lack of revenue underscores the company’s early‑stage status. The market reaction was driven by the surprise on earnings per share, signaling investor confidence in AirJoule’s ability to manage losses while advancing toward revenue generation.
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