Lifezone Metals Limited (LZM) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 16, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 20-F for FY2025, filed Mar 19, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the LZM SEC filings page.
Lifezone Metals Limited (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).
The numbers describe an asset-heavy, still-scaling business where losses improved, but cash use and near-term funding pressure remain.
FY2025 net loss fell to$14.1M from$47.1M in FY2024, but operating cash flow remained negative at-$15.6M . That means the earnings improvement did not yet translate into better cash generation.
FY2023 net loss of
Revenue represented only
Financial Health Signals
Lifezone Metals Limited 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 Limited 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 Limited 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
None of these metrics is reported for Q4 2025.
Cash & Balance Sheet
Lifezone Metals Limited held $20.1M in cash against $1.1M in long-term debt as of Q4 2025, with $59.1M of liabilities due within a year.
Not reported for Q4 2025.
Not reported for Q4 2025.
Margins & Returns
None of these metrics is reported for Q4 2025.
Capital Allocation
None of these metrics is reported for Q4 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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Income Tax, EPS (Basic), 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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2520-F | Q2'256-K | Q4'2420-F | Q2'2410-Q | Q4'2320-F | Q2'2310-Q | Q4'2210-K | Q4'2110-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $175.8M+12.2% | $148.6M-18.1% | $156.7M+10.1% | $181.4M | $142.3M+46.7% | N/A | $97.0M+56.7% | $61.9M |
| Current Assets | $27.4M-13.3% | $14.5M-78.3% | $31.7M-42.3% | $67.0M | $54.8M-28.4% | N/A | $76.6M | N/A |
| Cash & Equivalents | $20.1M-31.2% | $12.5M-80.3% | $29.3M-40.7% | $63.5M+43.0% | $49.4M+140.5% | $44.4M | $20.5M-55.0% | $45.6M |
| Inventory | $58K-64.2% | $236K-16.1% | $162K+60.8% | $281K | $101K+102.6% | N/A | $50K | N/A |
| Accounts Receivable | $2.0M-4.1% | $1.8M-33.5% | $2.1M-44.7% | $2.6M | $3.8M-36.4% | N/A | $6.0M | N/A |
| Goodwill | $0 | N/A | $0-100.0% | $9.0M | $9.0M | N/A | $0 | N/A |
| Total Liabilities | $102.9M+79.5% | $46.0M-26.4% | $57.3M+311.0% | $62.5M | $13.9M-33.5% | N/A | $21.0M+161.5% | $8.0M |
| Current Liabilities | $59.1M+5.5% | $45.2M-26.7% | $56.0M+338.7% | $61.6M | $12.8M-23.6% | N/A | $16.7M | N/A |
| Non-Current Liabilities | $43.8M+3196.0% | $809K-12.7% | $1.3M+12.2% | $927K | $1.2M-72.3% | N/A | $4.3M | N/A |
| Long-Term Debt | $1.1M+40.2% | $432K-53.4% | $801K-32.4% | $927K | $1.2M+307.9% | N/A | $291K | N/A |
| Total Equity | $72.8M-26.7% | $102.6M-13.7% | $99.3M-22.6% | $118.9M+87.9% | $128.3M+68.9% | $63.3M | $76.0M+41.1% | $53.9M |
| Retained Earnings | -$468.1M-3.0% | -$451.8M-7.9% | -$454.5M-11.3% | -$418.9M | -$408.2M-821.6% | N/A | -$44.3M | N/A |
Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments.
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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, 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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q4'2520-F | Q2'256-K | Q4'2420-F | Q2'2410-Q | Q4'2320-F | Q2'2310-Q | Q4'2210-K | Q4'2110-K |
|---|---|---|---|---|---|---|---|---|
| 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%+1.2pp | 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 | 0.32-0.8x | 0.57-3.7x | 1.09 | 4.30-0.3x | N/A | 4.58 | N/A |
| Debt-to-Equity | 0.020.0x | 0.000.0x | 0.010.0x | 0.01 | 0.010.0x | N/A | 0.00-0.1x | 0.15 |
| Asset Turnover | N/A | N/A | N/A | 0.00 | N/A | N/A | N/A | N/A |
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.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Lifezone Metals Limited LZM | FY2025 | $1.1M | -$14.1M | N/A | $298.5M | — |
| NioCorp Developments Ltd. NB | FY2026 | N/A | -$48.6M | N/A | $475.5M | — |
| Trilogy Metals Inc TMQ | FY2025 | N/A | -$42.2M | N/A | $444.3M | — |
| Lithium Argentina AG LAR | FY2025 | N/A | -$76.9M | N/A | $782.8M | — |
| Northern Dynasty Minerals, Ltd. NAK | FY2020 | N/A | -$63.9M | N/A | $515.0M | — |
Where Lifezone Metals Limited Ranks
Frequently Asked Questions
What is Lifezone Metals Limited's annual revenue?
Lifezone Metals Limited (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 Limited's revenue growing?
Lifezone Metals Limited (LZM) revenue grew by 652.2% year-over-year, from $141K to $1.1M in fiscal year 2025.
Is Lifezone Metals Limited profitable?
No, Lifezone Metals Limited (LZM) reported a net income of -$14.1M in fiscal year 2025.
How much debt does Lifezone Metals Limited have?
As of fiscal year 2025, Lifezone Metals Limited (LZM) had $20.1M in cash and equivalents against $1.1M in long-term debt.
What is Lifezone Metals Limited's return on equity (ROE)?
Lifezone Metals Limited (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 Limited's operating cash flow?
Lifezone Metals Limited (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 Limited's total assets?
Lifezone Metals Limited (LZM) had $175.8M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Lifezone Metals Limited's current ratio?
Lifezone Metals Limited (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 Limited's debt-to-equity ratio?
Lifezone Metals Limited (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 Limited's return on assets (ROA)?
Lifezone Metals Limited (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 Limited's P/E ratio?
Lifezone Metals Limited (LZM) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $298.5M as of Oct 16, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Lifezone Metals Limited's price-to-sales ratio?
Lifezone Metals Limited (LZM) trades at 282x sales, its market capitalization divided by revenue of $1.1M revenue, FY2025. The market capitalization is $298.5M as of Oct 16, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Lifezone Metals Limited's Piotroski F-Score?
Lifezone Metals Limited (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 Limited's earnings high quality?
Lifezone Metals Limited (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.