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LanzaTech Global (LNZA) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 14, 2026 · LanzaTech Global (LNZA) Q2 2026 earnings results →
Q2 2026 Revenue down 1% year over year to $9.0M · operating margin -109.5%
LanzaTech Global made $9.0M in Q2 2026 (-0.8% Y/Y): Biorefining revenue $3.9M, Engineering and other services $3.3M, Joint development and contract research revenue $1.3M. Operating margin -109.5%, net earnings $184M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 14, 2026.
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What changed this quarter
Revenue was $9.0M in Q2 2026, down 1% year over year and down 25% from the previous quarter. Biorefining revenue was the largest line at 43% of revenue. Joint development agreements lost $1.0M year over year (down 79%), 1483% of the total change.
Operating costs exceeded revenue by $9.9M, an operating margin of -109.5%. Total costs fell 54% while revenue fell 1%. The fastest-growing cost line was Other operating costs (+12%). Net earnings were $184.3M. The effective tax rate was 0.0%. Non-operating items added $194.2M, 105% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$1.4M. Non-cash charges added back $1.0M of depreciation and $739K of share-based compensation. Working capital and other items used $187.4M. Capital expenditures of $676K exceeded it, leaving free cash flow of −$2.1M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 14, 2026 | $9.0M | -0.8% | -109.5% | $184M | −$1.4M |
| Q1 2026 | 10-Q | May 14, 2026 | $12.0M | +27% | -81.6% | −$14.7M | −$9.3M |
| Q4 2025 | 10-K | Mar 31, 2026 | $28.0M | +133% | -0.7% | −$84K | −$6.2M |
| Q3 2025 | 10-Q | Nov 19, 2025 | $9.3M | -7% | -168.7% | $2.9M | −$15.9M |
| Q2 2025 | 10-Q | Aug 19, 2025 | $9.1M | -48% | -354.9% | −$32.5M | −$21.7M |
| Q1 2025 | 10-Q | May 19, 2025 | $9.5M | -7% | -327.5% | −$19.2M | −$21.1M |
| Q4 2024 | 10-K | Apr 15, 2025 | $12.0M | -41% | -224.6% | −$27.0M | −$19.7M |
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📈Investments: gains and what it boughtinteractive
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About LanzaTech Global
Founded in 2005 in New Zealand and now headquartered in Skokie, Illinois, LanzaTech is a leading provider of carbon management and advanced conversion technologies, focused on transforming waste materials into high-value fuels, chemicals, and critical inputs for industry. Our mission is to drive energy resilience, industrial competitiveness, and supply chain security by leveraging robust, scalable biotechnology solutions to maximize the value of domestic resources. Gas fermentation is the centerpiece of our offering. Our proprietary process utilizes abundant, locally-sourced waste streams using existing infrastructure, turning off-gases into valuable commodities, while supporting the strategic objective of maximizing the productivity of industrial assets.
In its own words, from its 10-K, filed Mar 31, 2026.
LanzaTech Global against its Industrial Organic Chemicals peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -0.8% against the peers' median +4%. Operating margin: -109.5% against the peers' median 15.9%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| LNZA LanzaTech Global | Q2 2026 | $9.0M | -0.8% | -109.5% |
| LYB LyondellBasell Industries N.V. | Q3 2026 | $8.5B | +10% | 12.6% |
| WLK Westlake | Q3 2026 | $3.0B | +5% | 1.4% |
| IFF International Flavors & Fragrances | Q3 2026 | $1.9B | +4% | 8.2% |
| Union Carbide | Q3 2026 | $1.5B | +38% | 29.6% |
| NEU Newmarket | Q3 2026 | $717M | +4% | 20.0% |
| GPRE Green Plains | Q3 2026 | $496M | -2% | 18.7% |
| SXT Sensient Technologies | Q3 2026 | $456M | +11% | 15.9% |
| WLKP Westlake Chemical Partners LP | Q3 2026 | $314M | +2% | 30.4% |
Source: LanzaTech Global 10-Q on SEC EDGAR · CIK 1843724 · Industrial Organic Chemicals
13F: who owns LNZA and who is buying
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History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results