Montana Technologies Corp. (AIRJW) Financial Statements (2025 and earlier)

Company Profile

Business Address 34361 INNOVATION DRIVE
RONAN, MT 59864
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3585 - Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments10,00037,400592944951,122
Cash and cash equivalents10,00037,400592944951,122
Prepaid expense  486 79190278
Other undisclosed current assets25,95629    
Total current assets:35,95637,916593736851,400
Noncurrent Assets
Operating lease, right-of-use asset162170    
Property, plant and equipment84    
Intangible assets, net (including goodwill)  247,233   5,000
Goodwill  247,233    
Intangible assets, net (excluding goodwill)      5,000
Asset, held-in-trust   114,642113,045110,059 
Other noncurrent assets      
Other undisclosed noncurrent assets342,893365,300  850292,520
Total noncurrent assets:343,063612,707114,642113,045110,909297,520
TOTAL ASSETS:379,020650,623114,701113,418111,594298,920
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,2197,2136,4335,7884,4402,103
Accounts payable768432696601395379
Accrued liabilities2,4516,7815,7385,1864,0461,724
Other liabilities    300  
Other undisclosed current liabilities3224,5403,0772,1862,0571,349
Total current liabilities:3,54211,7539,5118,2746,4973,453
Noncurrent Liabilities
Liabilities, other than long-term debt84,6271486,0386,0386,03810,063
Deferred revenue   6,0386,0386,03810,063
Deferred income tax liabilities84,487     
Operating lease, liability140148    
Other undisclosed noncurrent liabilities60,78775,896    
Total noncurrent liabilities:145,41476,0446,0386,0386,03810,063
Total liabilities:148,95687,79715,54814,31212,53513,515
Temporary equity, carrying amount   114,129112,519110,512295,943
Equity
Equity, attributable to parent, including:230,063(49,681)(14,976)(13,413)(11,453)(10,538)
Additional paid in capital52,241   1,118 
Retained earnings (accumulated deficit)177,817(43,686)(14,977)(13,413)(12,572)(10,539)
Other undisclosed equity, attributable to parent6(5,995)1111
Equity, attributable to noncontrolling interest  612,507    
Total equity:230,063562,826(14,976)(13,413)(11,453)(10,538)
TOTAL LIABILITIES AND EQUITY:379,020650,623114,701113,418111,594298,920

Income Statement (P&L) ($ in thousands)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Revenues  2(7,925)1,4513,350 
Operating lease, lease income  2    
Other operating income    1,4513,350 
Gross profit:  2 1,4513,350 
Operating expenses(4,338)(1,763)(954)(1,049)(2,809)(1,398)
Other undisclosed operating income (loss) (2)(60)(1,511)(3,350) 
Operating loss:(4,338)(1,763)(1,014)(1,109)(2,809)(1,398)
Nonoperating income (expense)16,530(9,790)1,6121,4513,1454,424
Investment income, nonoperating21638 1,4513,1454,424
Income (loss) from continuing operations before income taxes:12,192(11,553)5983423363,026
Income tax expense (benefit)1,238 (347)(294)(693)(425)
Income (loss) from continuing operations:13,430(11,553)25148(357)2,601
Other undisclosed net loss      (1,300)
Net income (loss):13,430(11,553)25148(357)1,301
Net income attributable to noncontrolling interest  26    
Other undisclosed net income (loss) attributable to parent   (205) 205 
Net income (loss) available to common stockholders, diluted:13,430(11,526)4648(152)1,301

Comprehensive Income ($ in thousands)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Net income (loss):13,430(11,553)25148(357)1,301
Comprehensive income (loss):13,430(11,553)25148(357)1,301
Comprehensive income, net of tax, attributable to noncontrolling interest  26    
Comprehensive income (loss), net of tax, attributable to parent:13,430(11,526)25148(357)1,301

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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