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LanzaTech Global
(NASDAQ:LNZA)
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Rating:52Neutral
Price Target:
$6.50
▼(-2.40% Downside)
Action:Reiterated
Date:08/18/26
LNZA’s score is held back primarily by weak financial performance—ongoing operating losses and materially negative operating/free cash flow that undermine the sustainability of reported profits. The earnings call adds moderate support due to major cost reductions and improved liquidity, but guidance still implies continuing losses and timing risk around certification-led monetization. Technicals remain fragile given the longer-term downtrend, while valuation appears cheap on P/E but is less convincing given cash-flow and earnings-quality concerns.
Positive Factors
Structural cost reduction
The sharp reduction in operating expenses and adjusted EBITDA losses improves the scalability of LanzaTech’s licensing and services model. Sustained cost discipline could extend liquidity and reduce the revenue scale required to approach breakeven.
Negative Factors
Persistent cash burn and operating losses
Negative operating and free cash flow show that the business is not yet self-funding, despite reported net income. Continued EBITDA losses may require further financing and limit the company’s ability to fund commercialization solely from internal resources.
Read all positive and negative factors
Positive Factors
Negative Factors
Structural cost reduction
The sharp reduction in operating expenses and adjusted EBITDA losses improves the scalability of LanzaTech’s licensing and services model. Sustained cost discipline could extend liquidity and reduce the revenue scale required to approach breakeven.
Read all positive factors
LanzaTech Global (LNZA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$87.17M
Dividend YieldN/A
Average Volume (3M)26.27K
Price to Earnings (P/E)<0.1
Beta (1Y)2.01
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. Volume22,779
30 Day Avg. Volume26,268
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
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
6.03
Positive
11.86
Negative
12.67
Negative
Market Momentum
0.04
Negative
48.95
Neutral
67.24
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 6.17, above the 50-day MA of 6.03, and below the 200-day MA of 12.67, indicating a neutral trend. The MACD of 0.04 indicates Negative momentum. The RSI at 48.95 is Neutral, neither overbought nor oversold. The STOCH value of 67.24 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 |
|---|---|---|---|---|---|---|---|
64 Neutral | $10.57M | 8.81 | 1.55% | ― | 9.69% | 914.57% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
52 Neutral | $87.17M | 0.08 | 230.00% | ― | 43.84% | ― | |
47 Neutral | $10.16M | -0.37 | -185.00% | ― | ― | 93.91% | |
46 Neutral | $31.43M | -1.77 | -47.42% | ― | -8.37% | 32.03% |
* Industrials Sector Average
LNZA
LanzaTech Global
6.22
-15.24
-71.02%
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LanzaTech Global Corporate Events
Executive/Board ChangesShareholder Meetings
LanzaTech Stockholders Approve Directors, Auditor and Pay Program
Positive
Jun 24, 2026
On June 23, 2026, LanzaTech Global, Inc. held its 2026 Annual Meeting of Stockholders, with 7,865,074 common shares, or about 77.96% of those entitled to vote, represented in person or by proxy. Shareholders elected Class III directors Dorri McWho...
Business Operations and StrategyDelistings and Listing ChangesFinancial DisclosuresPrivate Placements and Financing
LanzaTech JV Lists on Hong Kong Stock Exchange
Positive
Jun 4, 2026
On June 3, 2026, Beijing Shougang LanzaTech Technology Co., Ltd., a joint venture in which LanzaTech Global previously held a 9.31% stake, completed an initial public offering of 40 million H shares on the Hong Kong Stock Exchange at about US$1.86...
Private Placements and Financing
LanzaTech Announces $20 Million Registered Direct Stock Offering
Neutral
May 18, 2026
On May 15, 2026, LanzaTech Global entered into a securities purchase agreement with institutional investors to sell 2,000,000 shares of common stock at $10.00 per share in a registered direct offering, for gross proceeds of $20 million, with closi...
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.