--- title: "LanzaTech Global - CW23 | 10-K: FY2025 Revenue: USD 55.85 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/281250753.md" datetime: "2026-03-31T21:30:51.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/281250753.md) - [en](https://longbridge.com/en/news/281250753.md) - [zh-HK](https://longbridge.com/zh-HK/news/281250753.md) generator: "portal-rs" --- # LanzaTech Global - CW23 | 10-K: FY2025 Revenue: USD 55.85 M Revenue: As of FY2025, the actual value is USD 55.85 M. EPS: As of FY2025, the actual value is USD -22.27. EBIT: As of FY2025, the actual value is USD -80.37 M. #### Overall Financial Performance LanzaTech Global, Inc. reported a net loss of - $49.0 million for the year ended December 31, 2025, representing a 64.5% improvement compared to a net loss of - $137.7 million in the prior year. The accumulated deficit as of December 31, 2025, was - $1,018.6 million. The company has not achieved operating profitability in any quarter since its formation and anticipates continuing to incur losses until operations are sufficiently scaled. #### Revenue by Segment Total revenue increased by $6.3 million, or 12.6%, to $55.8 million for the year ended December 31, 2025, from $49.6 million in the prior year. - **Biorefining Revenue:** This segment generated $36.0 million in 2025, an increase from $31.1 million in 2024. - **Licensing Revenue:** Increased to $19.8 million in 2025 from $11.3 million in 2024, primarily due to $8.5 million in licensing revenue from LanzaJet for sublicensing LanzaTech’s technology. - **Engineering and Other Services Revenue:** Decreased to $16.2 million in 2025 from $19.8 million in 2024, mainly due to project completions and fewer new customers. - **Joint Development and Contract Research Revenue:** Decreased to $5.2 million in 2025 from $10.6 million in 2024, primarily due to a - $3.8 million decrease in Joint Development Agreement (JDA) revenue and a - $3.6 million decrease in engineering and other services revenue. - **CarbonSmart Product Sales:** Revenue increased to $14.6 million in 2025 from $7.9 million in 2024, driven by expanded commercialization and higher customer adoption. #### Cost of Revenues Cost of revenues (exclusive of depreciation) increased by $4.6 million, or 17.6%, to $30.5 million in 2025 from $26.0 million in 2024. This increase was mainly due to a $6.6 million rise in costs associated with CarbonSmart product sales and a $0.6 million increase in engineering and other services costs, partially offset by a - $1.9 million decrease in costs related to JDAs and a - $0.8 million decrease in costs associated with other contract research activities. #### Operating Expenses - **Research and Development (R&D) Expense:** Decreased by - $23.8 million, or - 30.9%, to $53.2 million in 2025 from $77.0 million in 2024, mainly due to reductions in external R&D services, personnel and contractor expenses, and facilities and consumables expenses. - **Selling, General and Administrative (SG&A) Expense:** Decreased by - $2.9 million, or - 5.9%, to $47.0 million in 2025 from $50.0 million in 2024, primarily due to a - $9.6 million decrease in personnel and contractor expenses and a - $1.0 million decrease in facilities-related expenses, partially offset by a $7.7 million increase in professional fees. #### Other Income (Expense) - **Interest Income, Net:** Decreased by - $1.9 million in 2025 compared to 2024, primarily due to lower cash balances. - **Other Income (Expense), Net:** Increased by $59.3 million in 2025 compared to 2024, driven by a $55.7 million gain from the change in fair value of the convertible note and a $23.2 million gain on the change in fair value of the FPA in 2024. These gains were partially offset by a - $23.4 million loss due to the increase in fair value of the Brookfield Loan and a - $2.5 million loss due to the increase in fair value of the Brookfield SAFE. - **Loss from Equity Method Investees, Net:** Was - $12.5 million in 2025, compared to - $14.2 million in 2024. #### Cash Flow - **Cash and Cash Equivalents:** Total cash, cash equivalents, and restricted cash decreased by - $28.7 million, or - 62.7%, to $17.1 million as of December 31, 2025, from $45.7 million as of December 31, 2024. - **Net Cash Used in Operating Activities:** Decreased by - $24.2 million, or - 27.2%, to - $64.9 million in 2025 from - $89.1 million in 2024, reflecting reduced operational costs and increased revenues. - **Net Cash Provided by Investing Activities:** Was $11.2 million in 2025, a decrease from $28.4 million in 2024, primarily due to lower proceeds from debt security maturities, partially offset by reduced capital expenditure. - **Net Cash Provided by Financing Activities:** Was $25.6 million in 2025, compared to $30.2 million in 2024, mainly due to lower cash from the issuance of Series A Preferred Stock and a - $12.5 million partial repayment of the Brookfield Loan. #### Unique Metrics - **Commercial Plants and Ethanol Production:** LanzaTech’s technology has been deployed at six commercial plants, producing over 139 million gallons of fuel-grade ethanol, with the first commercial facility in China having sold over 63 million gallons. - **LanzaJet Ownership:** As of December 31, 2025, LanzaTech held 53.16% of LanzaJet’s outstanding common stock, which was reduced to approximately 45.6% on a fully diluted basis as of February 11, 2026. #### Outlook / Guidance LanzaTech is focusing on streamlining operations, enhancing capital efficiency, and accelerating technology deployment by shifting towards global commercialization. The company is implementing a cohort-based commercialization model to de-risk execution and build revenue visibility. While near-term revenue has some reliance on U.S. government programs, LanzaTech is actively diversifying funding sources and sequencing project cohorts to manage potential delays. ### Related Stocks - [LNZAW.US](https://longbridge.com/en/quote/LNZAW.US.md) ## Related News & Research - [Build-A-Bear shares on track for biggest drop ever on weak revenue outlook](https://longbridge.com/en/news/297223959.md) - [Stocks in Play: IsoEnergy Ltd.](https://longbridge.com/en/news/296805183.md) - [06:55 ETProtiviti Professionals Named 2026 Top Consultants by Consulting Magazine](https://longbridge.com/en/news/296776059.md) - [NetApp joins Citi Global TMT Conference fireside chat with CFO Wissam Jabre](https://longbridge.com/en/news/297226507.md) - [A decade of profitability provides foundation for CLINUVEL’s U.S. expansion | CUVL Stock News](https://longbridge.com/en/news/297129325.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**