LanzaTech Global Inc Financials
LanzaTech Global Inc (LNZA) reported $55.8M in revenue for fiscal year 2025, up 12.6% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
FY2025 reveals a cost-reset business: losses and cash drain eased, but commercial scale still lags spending.
FY2025's narrower net loss to-$49.0M was matched by operating cash flow of-$64.9M , so the improvement was not just accounting noise. Because free cash flow stayed near operating cash flow at-$66.1M and capex was only$1.3M , the company’s cash use is being driven by the core business model rather than by building out a heavy asset base.
Revenue remained modest at
The liquidity cushion compressed as cash fell to
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of LanzaTech Global Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
LanzaTech Global Inc scores -15.60, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($81.5M) relative to total liabilities ($90.9M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
LanzaTech Global Inc passes 2 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
LanzaTech Global Inc reported a net loss of $49.0M while operations used $64.9M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
LanzaTech Global Inc generated $55.8M in revenue in fiscal year 2025. This represents an increase of 12.6% from the prior year.
LanzaTech Global Inc's EBITDA was -$74.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 27.5% from the prior year.
LanzaTech Global Inc reported -$49.0M in net income in fiscal year 2025. This represents an increase of 64.4% from the prior year.
LanzaTech Global Inc earned -$22.27 per diluted share (EPS) in fiscal year 2025. This represents an increase of 68.1% from the prior year.
Cash & Balance Sheet
LanzaTech Global Inc recorded an outflow of $66.1M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents an increase of 29.9% from the prior year.
LanzaTech Global Inc held $13.2M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
LanzaTech Global Inc's net profit margin was -87.7% in fiscal year 2025, showing the share of revenue converted to profit. No change is given against fiscal year 2024: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not reported for fiscal year 2025.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not reported for fiscal year 2025.
Capital Allocation
LanzaTech Global Inc invested $53.2M in research and development in fiscal year 2025. This represents a decrease of 30.9% from the prior year.
LanzaTech Global Inc repurchased no shares in fiscal year 2025. This represents a decrease of 100.0% from the prior year.
LanzaTech Global Inc invested $1.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 76.3% from the prior year.
LNZA Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|---|
| Revenue | $58.3M | $55.8M+12.6% | $49.6M-20.8% | $62.6M+67.7% | $37.3M | N/A |
| R&D Expenses | $27.7M | $53.2M-30.9% | $77.0M+13.0% | $68.1M+28.1% | $53.2M | N/A |
| SG&A Expenses | $29.5M | $47.0M-5.9% | $50.0M-0.9% | $50.4M+88.2% | $26.8M+2717.1% | $951K |
| Operating Income | -$35.5M | -$79.2M+27.3% | -$108.9M-2.4% | -$106.4M-40.7% | -$75.6M-5347.3% | -$1.4M |
| Income Tax | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | $172.4M | -$49.0M+64.4% | -$137.7M-2.7% | -$134.1M-75.6% | -$76.4M-163470.3% | $47K |
| EPS (Diluted) | — | -$22.27+68.1% | -$69.71 | -$0.79 | -$12.37 | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, Interest Expense.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
LNZA Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| Total Assets | $100.2M-42.6% | $174.7M-27.7% | $241.6M+36.6% | $176.9M+17.2% | $150.9M |
| Current Assets | $39.7M-60.0% | $99.3M-42.5% | $172.7M+39.4% | $123.9M+18095.2% | $681K |
| Cash & Equivalents | $13.2M-69.7% | $43.5M-42.5% | $75.6M-9.0% | $83.0M+24083.2% | $343K |
| Inventory | $684K-68.3% | $2.2M+23.2% | $1.8M+55.0% | $1.1M | N/A |
| Total Liabilities | $90.9M-43.6% | $161.2M+26.8% | $127.2M-79.0% | $605.6M+19.7% | $505.8M |
| Current Liabilities | $27.7M-8.9% | $30.4M+9.6% | $27.8M-50.4% | $56.0M+7350.7% | $751K |
| Long-Term Debt | N/A | N/A | $25.1M-49.7% | $50.0M | N/A |
| Total Equity | -$3.9M-128.9% | $13.4M-88.3% | $114.5M+126.7% | -$428.7M-20.8% | -$354.9M |
| Retained Earnings | -$1.0B-5.0% | -$969.6M-16.6% | -$831.9M-82.3% | -$456.2M-4148.1% | -$10.7M |
Not reported in any period shown, so not listed: Accounts Receivable, Goodwill.
LNZA Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | -$32.7M | -$64.9M+27.2% | -$89.1M+8.5% | -$97.3M-14.9% | -$84.7M-16507.9% | -$510K |
| Capital Expenditures | $1.1M | $1.3M-76.3% | $5.3M-37.9% | $8.6M-20.3% | $10.7M | N/A |
| Free Cash Flow | -$33.8M | -$66.1M+29.9% | -$94.4M+10.8% | -$105.8M-10.9% | -$95.4M | N/A |
| Investing Cash Flow | -$4.1M | $11.2M-60.7% | $28.4M+149.0% | -$57.9M-441.9% | -$10.7M+92.9% | -$150.0M |
| Financing Cash Flow | $46.1M | $25.6M-15.2% | $30.2M-79.6% | $148.2M+193.2% | $50.5M-66.5% | $150.9M |
| Share Buybacks | N/A | $0-100.0% | $48K-99.4% | $7.7M+1078.7% | $649K | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
LNZA Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| Operating Margin | -141.7% | -219.7% | -169.8% | -202.4% | N/A |
| Net Margin | -87.7% | -277.7% | -214.1% | -204.5% | N/A |
| Return on Equity | N/A | -1024.0%-906.9pp | -117.2% | N/A | N/A |
| Return on Assets | -48.9%+29.9pp | -78.8%-23.3pp | -55.5%-12.3pp | -43.2%-43.2pp | 0.0% |
| Current Ratio | 1.43-1.8x | 3.26-3.0x | 6.22+4.0x | 2.21+1.3x | 0.91 |
| Debt-to-Equity | N/A | 11.99+11.8x | 0.22 | N/A | N/A |
| FCF Margin | -118.4% | -190.3% | -169.0% | -255.6% | N/A |
Not reported in any period shown, so not listed: Gross Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Note: Shareholder equity is negative (-$3.9M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
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Where LanzaTech Global Inc Ranks
Frequently Asked Questions
What is LanzaTech Global Inc's annual revenue?
LanzaTech Global Inc (LNZA) reported $55.8M in total revenue for fiscal year 2025. This represents a 12.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is LanzaTech Global Inc's revenue growing?
LanzaTech Global Inc (LNZA) revenue grew by 12.6% year-over-year, from $49.6M to $55.8M in fiscal year 2025.
Is LanzaTech Global Inc profitable?
No, LanzaTech Global Inc (LNZA) reported a net income of -$49.0M in fiscal year 2025, with a net profit margin of -87.7%.
What is LanzaTech Global Inc's EBITDA?
LanzaTech Global Inc (LNZA) had EBITDA of -$74.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is LanzaTech Global Inc's net profit margin?
LanzaTech Global Inc (LNZA) had a net profit margin of -87.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is LanzaTech Global Inc's free cash flow?
LanzaTech Global Inc (LNZA) recorded an outflow of $66.1M in free cash flow during fiscal year 2025. This represents a 29.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is LanzaTech Global Inc's operating cash flow?
LanzaTech Global Inc (LNZA) recorded an outflow of $64.9M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are LanzaTech Global Inc's total assets?
LanzaTech Global Inc (LNZA) had $100.2M in total assets as of fiscal year 2025, including both current and long-term assets.
What are LanzaTech Global Inc's capital expenditures?
LanzaTech Global Inc (LNZA) invested $1.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does LanzaTech Global Inc spend on research and development?
LanzaTech Global Inc (LNZA) invested $53.2M in research and development during fiscal year 2025.
What is LanzaTech Global Inc's current ratio?
LanzaTech Global Inc (LNZA) had a current ratio of 1.43 as of fiscal year 2025, which is considered adequate.
What is LanzaTech Global Inc's return on assets (ROA)?
LanzaTech Global Inc (LNZA) had a return on assets of -48.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is LanzaTech Global Inc's cash runway?
Based on fiscal year 2025 data, LanzaTech Global Inc (LNZA) had $13.2M in cash against an annual operating cash burn of $64.9M. This gives an estimated cash runway of approximately 2 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is LanzaTech Global Inc's debt-to-equity ratio negative or not reported?
LanzaTech Global Inc (LNZA) has negative shareholder equity of -$3.9M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is LanzaTech Global Inc's Altman Z-Score?
LanzaTech Global Inc (LNZA) has an Altman Z-Score of -15.60, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is LanzaTech Global Inc's Piotroski F-Score?
LanzaTech Global Inc (LNZA) has a Piotroski F-Score of 2 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are LanzaTech Global Inc's earnings high quality?
LanzaTech Global Inc (LNZA) reported a net loss of $49.0M while operations used $64.9M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is LanzaTech Global Inc?
LanzaTech Global Inc (LNZA) scores 52 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.