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Montana Technologies Corporation

AIRJ

AirJoule Technologies is an advanced technology company specializing in atmospheric water harvesting and energy-efficient dehumidification.

Market cap
$422.82M+65.9%
Net income-$73.7M-216%
Free cash flow-$8.1M-5.3%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 12, 2026 (In 6 days)
EPS estimate-$0.08

Financials

Q1 2026

Income statement

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Operating income-$3.6M-13.1%
Net income-$49.8M-435%

Balance sheet

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Cash & equivalents$31.1M+35.2%
Total debt$115.7K-21.7%
Total equity$241.3M-10.7%
Total assets$296.5M-18.9%

Cash flow

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Operating cash flow-$2.3M-3,344%
CapEx$19.5K
Free cash flow-$2.4M-3,371%

Valuation & ratios

Valuation

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Market cap$422.82M+65.9%
Enterprise value$391.84M+80.4%

Returns & leverage

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Return on equity-28.8%-55.9pp
Debt / equity0.0×
Current ratio23.2×+8.5×

Competitors

Profile

AirJoule Technologies is an advanced technology company specializing in atmospheric water harvesting and energy-efficient dehumidification. The company utilizes proprietary metal-organic framework (MOF) sorbents and a pressure swing system to extract pure distilled water from air and provide dehumidified air for industrial and commercial applications. Its core value proposition lies in delivering high-efficiency solutions that mitigate water scarcity and reduce energy consumption in HVAC and industrial processes.

Competitive position

An early-stage leader in atmospheric water harvesting with a first-mover advantage in MOF-based pressure swing technology that is up to 8x more efficient than incumbent desiccant systems.

GeographiesUnited States, Middle East, Africa, Australia, Europe, Asia
Customer segmentsEnterprise, Government, Industrial, Defense
Business modelEquipment Manufacturing, Water Purchase Agreement (WPA), Maintenance and Service Agreements, B2B Licensing
SuppliersMetal-organic framework (MOF) producers, Chemical manufacturers, Specialized coating suppliers, Vacuum pump and condenser manufacturers
CustomersHyperscale data center developers, Semiconductor manufacturers, Pharmaceutical companies, Department of Defense, Commercial building managers
Listed2024
CEOMatthew Jore
Websitemt.energy
FilingsSEC EDGAR

FAQ

What is Montana Technologies Corporation's market cap?
Montana Technologies Corporation (AIRJ) has a market capitalization of $422.8M and trades on NASDAQ.
Who are Montana Technologies Corporation's competitors?
Montana Technologies Corporation's key competitors include Trane Technologies plc, Lennox International, Inc., SPX Technologies, Inc., and others. These companies compete in similar markets and product categories.
Who does Montana Technologies Corporation partner with?
Montana Technologies Corporation's notable partners include GE Vernova Inc., Carrier Global Corporation, BASF, and others.
What subsidiaries does Montana Technologies Corporation have?
Montana Technologies Corporation's subsidiaries include AirJoule Technologies LLC, AirJoule, LLC.
Where is Montana Technologies Corporation headquartered?
Montana Technologies Corporation is headquartered in United States of America. It has been publicly traded since 2024.