Filing Flows › LanzaTech Global (LNZA) › Q3 2025
LanzaTech Global (LNZA) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 19, 2025
LanzaTech Global (LNZA) reported revenue of $9.3M for the third quarter 2025 (Q3 2025), -7% from a year earlier and +2% from the quarter before. Operating margin was -168.7%, net earnings $2.9M (30.8% of revenue).
LanzaTech Global, Q3 2025: revenue $9.3M (-7% year over year), operating margin -168.7%, net earnings $2.9M, operating cash flow −$15.9M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.3M | +2% | -7% |
| Operating profit | −$15.7M | — | — |
| Net earnings | $2.9M | — | — |
| Operating cash flow | −$15.9M | — | — |
What changed
Revenue was $9.3M in Q3 2025, down 7% year over year and up 2% from the previous quarter. Engineering and other services was the largest line at 43% of revenue. Joint development agreements lost $855K year over year (down 93%), 129% of the total change.
Operating costs exceeded revenue by $15.7M, an operating margin of -168.7%. Total costs fell 42% while revenue fell 7%. Net earnings were $2.9M. The effective tax rate was 0.0%. Non-operating items added $18.5M, 647% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$15.9M. Non-cash charges added back $1.0M of depreciation and $1.4M of share-based compensation. Working capital and other items used $21.1M. Capital expenditures of $168K exceeded it, leaving free cash flow of −$16.0M.
Questions
What was LanzaTech Global's revenue in the third quarter 2025?
LanzaTech Global (LNZA) reported revenue of $9.3M for the third quarter 2025 (Q3 2025), -7% from a year earlier and +2% from the quarter before.
Was LanzaTech Global profitable in the third quarter 2025?
Operating loss was $15.7M (-168.7% of revenue) and net earnings $2.9M.
Source: LanzaTech Global 10-Q on SEC EDGAR.