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LanzaTech Global
(NASDAQ:LNZA)
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Rating:47Neutral
Price Target:
$5.00
▼(-24.92% Downside)
Action:Reiterated
Date:10/20/26
Overall score is pulled down primarily by weak financial quality (negative EBIT and ongoing cash burn despite strong reported net income) and bearish technicals (price below key moving averages with negative MACD). These are partly offset by improved cost discipline and clearer guidance/progress on commercialization from the earnings call, plus modestly supportive valuation optics from the very low P/E.
Positive Factors
Proprietary carbon-conversion platform
LanzaTech’s proprietary gas-fermentation platform addresses industrial emissions while creating fuels and chemical intermediates. Its licensing-led model can scale through partner-built facilities, with engineering and operational services adding revenue as projects advance toward commercial operation.
Negative Factors
Persistent cash burn
Negative operating and free cash flow shows that reported earnings are not yet translating into internally generated liquidity. Continued cash burn can constrain investment in commercialization, increase dependence on external financing, and reduce the company’s flexibility if project timing remains extended.
Read all positive and negative factors
Positive Factors
Negative Factors
Proprietary carbon-conversion platform
LanzaTech’s proprietary gas-fermentation platform addresses industrial emissions while creating fuels and chemical intermediates. Its licensing-led model can scale through partner-built facilities, with engineering and operational services adding revenue as projects advance toward commercial operation.
Read all positive factors
LanzaTech Global (LNZA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$66.10M
Dividend YieldN/A
Average Volume (3M)61.02K
Price to Earnings (P/E)<0.1
Beta (1Y)2.07
Revenue Growth43.84%
EPS GrowthN/A
CountryUS
Employees192
SectorIndustrials
Sector Strength72
IndustryWaste Management
Share Statistics
EPS (TTM)74.21
Shares Outstanding13,089,163
10 Day Avg. Volume52,325
30 Day Avg. Volume61,017
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)-8.20
Price to Sales (P/S)0.57
P/FCF Ratio-0.48
Enterprise Value/Market Cap0.90
Enterprise Value/Revenue1.02
Enterprise Value/Gross Profit2.37
Enterprise Value/Ebitda0.36
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-3.73
Revenue Forecast (FY)$54.20M
LanzaTech Global Business Overview & Revenue Model
Company Description
LanzaTech Global, Inc. is a company that operates across the United States and internationally, specializing in carbon refinement using processes inspired by nature. This innovative firm is dedicated to converting discarded carbon into essential c...
How the Company Makes Money
LanzaTech primarily makes money by commercializing its gas fermentation technology through a licensing and services-led model, complemented by participation in downstream product value in certain arrangements.
Key revenue streams include:
1) Tech...
LanzaTech Global Earnings Call Summary
Earnings Call Date:Aug 14, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 06, 2026
Earnings Call Sentiment Positive
The call highlights a clear operational turnaround: large, structural cost reductions, a substantially improved adjusted EBITDA trajectory, strengthened cash position and meaningful project and certification progress that can unlock regulated-market revenue. Counterbalancing this progress are still-flat quarterly revenue, lower gross profit this quarter, continued adjusted EBITDA losses (and FY loss guidance), dependency on certification timing to monetize demand, and reduced services revenue. Overall, the positives around cost discipline, embedded asset value (JV IPO and LanzaJet stake), progress on certification and site-level commercial milestones outweigh the lingering revenue and timing risks.Positive Updates
Revenue Stability and H1 Growth
Q2 2026 revenue of $9.0M was generally consistent with Q2 2025 ($9.1M). First half 2026 revenue was $21.0M versus $18.6M in H1 2025, a 13% year-over-year increase.
Negative Updates
Q2 Gross Profit and Margin Decline
Q2 2026 gross profit fell to $1.8M from $2.9M in Q2 2025 (≈-38%). Gross margin in Q2 2026 was ≈20%, down from the prior-year quarter.
Read all updates
Q2-2026 Updates
Positive
Negative
Revenue Stability and H1 Growth
Q2 2026 revenue of $9.0M was generally consistent with Q2 2025 ($9.1M). First half 2026 revenue was $21.0M versus $18.6M in H1 2025, a 13% year-over-year increase.
Read all positive updates
Company Guidance
LanzaTech provided full-year 2026 guidance of revenue $50–$55 million, an adjusted EBITDA loss of $22–$26 million, and operating expenses of $51–$55 million. For context, through H1 2026 the company reported revenue of $21 million, gross profit of $5.6 million (≈26% gross margin), an adjusted EBITDA loss of $15.5 million, and operating expenses of $25.2 million; Q2 2026 results included revenue of $9 million, gross profit of $1.8 million (≈20% margin), operating expenses of $11.7 million and an adjusted EBITDA loss of $7.6 million. Cash, cash equivalents and restricted cash totaled $48.9 million (cash and cash equivalents $45.0 million) at June 30, 2026, and management expects certified ethanol sales to begin monetizing in Q4.LanzaTech Global Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
48
Neutral
Cash Flow
22
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 58.31M | 55.84M | 49.59M | 62.63M | 37.34M | 25.46M |
| Gross Profit | 25.07M | 25.30M | 23.62M | 17.65M | 9.06M | 10.23M |
| EBITDA | 163.78M | -44.72M | -146.37M | -128.65M | -71.70M | -44.82M |
| Net Income | 172.40M | -48.95M | -137.73M | -134.10M | -76.36M | -46.69M |
Balance Sheet | ||||||
| Total Assets | 322.69M | 100.21M | 174.68M | 241.62M | 176.86M | 150.87M |
| Cash, Cash Equivalents and Short-Term Investments | 44.98M | 13.16M | 55.87M | 120.74M | 83.05M | 343.40K |
| Total Debt | 28.80M | 27.46M | 81.89M | 19.94M | 7.41M | 5.33M |
| Total Liabilities | 62.06M | 104.10M | 161.24M | 127.15M | 605.58M | 11.61M |
| Stockholders Equity | 260.64M | -3.89M | 13.45M | 114.47M | -428.72M | 139.26M |
Cash Flow | ||||||
| Free Cash Flow | -33.80M | -66.11M | -94.37M | -105.85M | -95.44M | -48.34M |
| Operating Cash Flow | -32.70M | -64.85M | -89.06M | -97.30M | -84.70M | -42.59M |
| Investing Cash Flow | -4.11M | 11.15M | 28.35M | -57.91M | -10.69M | -5.75M |
| Financing Cash Flow | -117.62M | 25.62M | 30.21M | 148.19M | 50.55M | 116.02M |
LanzaTech Global Technical Analysis
Negative
6.66
Price Trends
5.89
Negative
5.98
Negative
10.96
Negative
Market Momentum
-0.31
Positive
39.74
Neutral
37.73
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LNZA, the sentiment is Negative. The current price of 6.66 is above the 20-day moving average (MA) of 5.50, above the 50-day MA of 5.89, and below the 200-day MA of 10.96, indicating a bearish trend. The MACD of -0.31 indicates Positive momentum. The RSI at 39.74 is Neutral, neither overbought nor oversold. The STOCH value of 37.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for LNZA.
LanzaTech Global Risk Analysis
LanzaTech Global disclosed 85 risk factors in its most recent earnings report. LanzaTech Global reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
LanzaTech Global Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
57 Neutral | $10.18M | 8.42 | 3.14% | ― | 9.69% | 914.57% | |
47 Neutral | $66.10M | 0.07 | 230.00% | ― | 43.84% | ― | |
46 Neutral | $25.10M | -1.42 | -47.42% | ― | -8.37% | 32.03% | |
41 Neutral | $5.38M | -0.20 | -145.58% | ― | ― | 93.91% |
* Industrials Sector Average
LNZA
LanzaTech Global
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-80.78%
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LanzaTech Global Corporate Events
Business Operations and StrategyPrivate Placements and Financing
LanzaTech Recapitalizes LanzaJet to Support Growth
Positive
Oct 20, 2026
On October 14, 2026, LanzaTech Global and its subsidiaries completed a recapitalization and deleveraging of LanzaJet and its Freedom Pines Fuels arm to support the next growth phase of the Soperton, Georgia plant. The deal included a new senior se...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.