Lifezone Metals Financials
Lifezone Metals (LZM) reported $1.1M in revenue for fiscal year 2025, up 652.2% 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).
Financing, not revenue, is carrying an asset-heavy business as working-capital pressure and operating cash outflows persist.
The latest balance sheet pairs liabilities of$102.9M with a 0.5x current ratio, showing that near-term obligations exceed current assets. Operating cash flow remained negative at-$15.6M , so the balance-sheet pressure is paired with ongoing cash consumption.
At FY2025,
Financing supplied
Financial Health Signals
Lifezone Metals does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Lifezone Metals 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.
Lifezone Metals reported a net loss of $14.1M while operations used $15.6M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Lifezone Metals generated $1.1M in revenue in fiscal year 2025. This represents an increase of 652.2% from the prior year.
Lifezone Metals reported -$14.1M in net income in fiscal year 2025. This represents an increase of 70.1% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Lifezone Metals held $20.1M in cash against $1.1M in long-term debt as of fiscal year 2025, with $59.1M of liabilities due within a year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Lifezone Metals's ROE was -19.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 28.1 percentage points from the prior year.
Not reported for fiscal year 2025.
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.
Capital Allocation
None of these metrics is reported for fiscal year 2025.
LZM Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q4'25 | Q2'25 | Q4'24 | Q2'24 | Q4'23 | Q2'23 | Q4'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | $8K | N/A | $11K | N/A | N/A |
| Interest Expense | N/A | N/A | N/A | $17K | N/A | $6K | N/A | N/A |
| Net Income | N/A | N/A | N/A | -$6.8M | N/A | -$4.4M | N/A | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, Income Tax, EPS (Diluted).
LZM Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q4'25 | Q2'25 | Q4'24 | Q2'24 | Q4'23 | Q2'23 | Q4'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $175.8M+18.3% | $148.6M-5.2% | $156.7M-13.6% | $181.4M+27.5% | $142.3M | N/A | $97.0M+56.7% | $61.9M |
| Current Assets | $27.4M+89.3% | $14.5M-54.2% | $31.7M-52.7% | $67.0M+22.2% | $54.8M | N/A | $76.6M | N/A |
| Cash & Equivalents | $20.1M+61.0% | $12.5M-57.3% | $29.3M-53.9% | $63.5M+28.6% | $49.4M+11.2% | $44.4M+116.3% | $20.5M-55.0% | $45.6M |
| Inventory | $58K-75.4% | $236K+45.8% | $162K-42.4% | $281K+179.3% | $101K | N/A | $50K | N/A |
| Accounts Receivable | $2.0M+15.6% | $1.8M-17.1% | $2.1M-19.8% | $2.6M-31.0% | $3.8M | N/A | $6.0M | N/A |
| Goodwill | $0 | N/A | $0-100.0% | $9.0M0.0% | $9.0M | N/A | $0 | N/A |
| Total Liabilities | $102.9M+123.9% | $46.0M-19.8% | $57.3M-8.3% | $62.5M+348.0% | $13.9M | N/A | $21.0M+161.5% | $8.0M |
| Current Liabilities | $59.1M+30.8% | $45.2M-19.4% | $56.0M-9.1% | $61.6M+382.4% | $12.8M | N/A | $16.7M | N/A |
| Long-Term Debt | $1.1M+160.1% | $432K-46.1% | $801K-13.5% | $927K-21.8% | $1.2M | N/A | $291K | N/A |
| Total Equity | $72.8M-29.0% | $102.6M+3.3% | $99.3M-16.4% | $118.9M-7.3% | $128.3M+102.8% | $63.3M-16.7% | $76.0M+41.1% | $53.9M |
| Retained Earnings | -$468.1M-3.6% | -$451.8M+0.6% | -$454.5M-8.5% | -$418.9M-2.6% | -$408.2M | N/A | -$44.3M | N/A |
LZM 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 | Q4'25 | Q2'25 | Q4'24 | Q2'24 | Q4'23 | Q2'23 | Q4'22 | Q4'21 |
|---|
Not reported in any period shown, so not listed: Operating Cash Flow, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
LZM Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q4'25 | Q2'25 | Q4'24 | Q2'24 | Q4'23 | Q2'23 | Q4'22 | Q4'21 |
|---|---|---|---|---|---|---|---|---|
| Net Margin | N/A | N/A | N/A | -81710.8% | N/A | -39484.9% | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | -5.7% | N/A | -6.9% | N/A | N/A |
| Return on Assets | N/A | N/A | N/A | -3.7% | N/A | N/A | N/A | N/A |
| Current Ratio | 0.46+0.1x | 0.32-0.2x | 0.57-0.5x | 1.09-3.2x | 4.30 | N/A | 4.58 | N/A |
| Debt-to-Equity | 0.020.0x | 0.000.0x | 0.010.0x | 0.010.0x | 0.01 | N/A | 0.00-0.1x | 0.15 |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, FCF 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: Net Margin.
Note: The current ratio is below 1.0 (0.46), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Where Lifezone Metals Ranks
Frequently Asked Questions
What is Lifezone Metals's annual revenue?
Lifezone Metals (LZM) reported $1.1M in total revenue for fiscal year 2025. This represents a 652.2% 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 Lifezone Metals's revenue growing?
Lifezone Metals (LZM) revenue grew by 652.2% year-over-year, from $141K to $1.1M in fiscal year 2025.
Is Lifezone Metals profitable?
No, Lifezone Metals (LZM) reported a net income of -$14.1M in fiscal year 2025.
How much debt does Lifezone Metals have?
As of fiscal year 2025, Lifezone Metals (LZM) had $20.1M in cash and equivalents against $1.1M in long-term debt.
What is Lifezone Metals's return on equity (ROE)?
Lifezone Metals (LZM) has a return on equity of -19.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Lifezone Metals's operating cash flow?
Lifezone Metals (LZM) recorded an outflow of $15.6M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Lifezone Metals's total assets?
Lifezone Metals (LZM) had $175.8M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Lifezone Metals's current ratio?
Lifezone Metals (LZM) had a current ratio of 0.46 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Lifezone Metals's debt-to-equity ratio?
Lifezone Metals (LZM) had a debt-to-equity ratio of 0.02 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Lifezone Metals's return on assets (ROA)?
Lifezone Metals (LZM) had a return on assets of -8.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Lifezone Metals's Piotroski F-Score?
Lifezone Metals (LZM) 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 Lifezone Metals's earnings high quality?
Lifezone Metals (LZM) reported a net loss of $14.1M while operations used $15.6M 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.