AirJoule Technologies Management
Management criteria checks 2/4
AirJoule Technologies' CEO is Matt Jore, appointed in Mar 2024, has a tenure of 2.5 years. total yearly compensation is $2.13M, comprised of 18.7% salary and 81.3% bonuses, including company stock and options. directly owns 10.56% of the company’s shares, worth $34.01M. The average tenure of the management team and the board of directors is 2.4 years and 2.5 years respectively.
Key information
Matt Jore
Chief executive officer
US$2.1m
Total compensation
| CEO salary percentage | 18.74% |
| CEO tenure | 2.5yrs |
| CEO ownership | 10.6% |
| Management average tenure | 2.4yrs |
| Board average tenure | 2.5yrs |
Recent management updates
Recent updates
AIRJ: Regulatory Tailwinds For Data Center Water Use Will Drive Future Upside
Analysts have raised the updated fair value estimate for AirJoule Technologies from $8.15 to $9.55, citing higher modeled revenue growth, a lower discount rate, and research that indicates faster commercialization progress supported by regulatory tailwinds in data center water supply requirements. Analyst Commentary Recent Street research on AirJoule Technologies points to a more constructive tone from bullish analysts following the Q2 report.
Slow Commercialization And High P/E Expectations Will Test Long-Term Water And Energy Thesis
Catalysts About AirJoule Technologies AirJoule Technologies develops systems that generate distilled water from atmospheric humidity using low grade waste heat for data centers, residential communities and industrial dehumidification. What are the underlying business or industry changes driving this perspective?
Waste Heat And Water Scarcity Trends Will Support Strong Long Term Potential
Catalysts About AirJoule Technologies AirJoule Technologies develops systems that convert low grade waste heat into on site atmospheric water and dehumidification solutions for industrial, residential and military uses. What are the underlying business or industry changes driving this perspective?Water Resilience And Data Center Demand Will Drive Long Term Opportunity Here
Catalysts About AirJoule Technologies AirJoule Technologies develops systems that generate distilled, potable water from ambient air using waste heat for industrial, defense, residential and data center customers. What are the underlying business or industry changes driving this perspective?AirJoule: Breakthrough Water Tech, But Still Too Early To Buy
Summary AirJoule Technologies targets global water scarcity with innovative atmospheric water generation technology but remains in the pre-revenue, proof-of-concept phase. AIRJ's commercialization is slated for late 2026, with industrial-scale and data center applications offering significant but unproven market potential. Current economics are challenging: desalination is 5-10x cheaper, and gross margin targets of 30-35% are years away, raising concerns about profitability. I maintain a hold rating on AIRJ due to unproven technology, unclear business model economics, and anticipated dilution before meaningful revenue. Read the full article on Seeking AlphaCEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2026 | n/a | n/a | -US$85m |
| Mar 31 2026 | n/a | n/a | -US$74m |
| Dec 31 2025 | US$2m | US$400k | -US$9m |
| Sep 30 2025 | n/a | n/a | -US$927k |
| Jun 30 2025 | n/a | n/a | US$38m |
| Mar 31 2025 | n/a | n/a | US$49m |
| Dec 31 2024 | US$2m | US$338k | US$216m |
| Sep 30 2024 | n/a | n/a | US$227m |
| Jun 30 2024 | n/a | n/a | US$187m |
| Mar 31 2024 | n/a | n/a | US$171m |
| Dec 31 2023 | US$240k | US$240k | -US$11m |
| Sep 30 2023 | n/a | n/a | -US$10m |
| Jun 30 2023 | n/a | n/a | -US$6m |
| Mar 31 2023 | n/a | n/a | -US$3m |
| Dec 31 2022 | US$240k | US$240k | -US$3m |
Compensation vs Market: Matt's total compensation ($USD2.13M) is about average for companies of similar size in the US market ($USD2.41M).
Compensation vs Earnings: Matt's compensation has increased whilst the company is unprofitable.
CEO
Matt Jore (63 yo)
Mr. Matthew B. Jore, also known as Matt, is the Chief Executive Officer of AirJoule Technologies Corporation (formerly known as Montana Technologies Corporation) since March 14, 2024. Mr. Jore founded Lega...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 5.5yrs | US$5.69m | 6.28% $ 20.2m | |
| CEO & Director | 2.5yrs | US$2.13m | 10.56% $ 34.0m | |
| Chief Financial Officer | 2.3yrs | US$1.15m | 0.064% $ 206.0k | |
| Vice President of Operations | no data | no data | no data | |
| Chief Technical Officer | no data | US$150.00k | no data | |
| VP of Investor Relations & Finance | no data | no data | no data | |
| Chief Legal Officer | 2.3yrs | no data | 0.060% $ 193.5k | |
| Chief Engineer | no data | no data | no data | |
| President of International | 2.7yrs | no data | no data | |
| Chief Commercialization Officer & President of AirJoule JV | 2.7yrs | no data | no data |
Experienced Management: AIRJ's management team is considered experienced (2.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 5.5yrs | US$5.69m | 6.28% $ 20.2m | |
| CEO & Director | 2.5yrs | US$2.13m | 10.56% $ 34.0m | |
| Independent Lead Director | 2.5yrs | US$163.99k | 1.1% $ 3.5m | |
| Independent Director | 2.5yrs | US$163.99k | 0.046% $ 146.8k | |
| Independent Director | 1.3yrs | US$158.75k | 0.035% $ 111.9k | |
| Independent Director | 2.5yrs | US$177.23k | 0.046% $ 146.8k | |
| Independent Director | 1.3yrs | US$166.45k | 0.078% $ 252.2k |
Experienced Board: AIRJ's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/22 21:51 |
| End of Day Share Price | 2026/09/22 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
AirJoule Technologies Corporation is covered by 7 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jacob Sekelsky | Alliance Global Partners |
| Jeffrey Grampp | Alliance Global Partners |
| Ryan Pfingst | B. Riley Securities, Inc. |