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How LanzaTech Global (LNZA) makes money

LanzaTech Global (LNZA) made $9.0M of revenue in the second quarter 2026 (Q2 2026), +10% from a year earlier. Biorefining revenue brought in $3.9M (43%); Engineering and other services brought in $3.3M (36%); Joint development and contract research revenue brought in $1.3M (14%).

Drawing the Sankey…

LanzaTech Global revenue by segment, Q2 2026LanzaTech Global revenue by segment, Q2 2026Biorefining revenue$3.9MEngineering and other services$3.3MJoint development and contract re…$1.3MLicensing$595K
LanzaTech Global revenue by quarterLanzaTech Global revenue by quarter$12.0MQ4 2024$9.5MQ1 2025$9.1MQ2 2025$9.3MQ3 2025$28.0MQ4 2025$12.0MQ1 2026$9.0MQ2 2026

Revenue by segment, Q2 2026

SegmentRevenueShareQ/QY/Y
Biorefining revenue$3.9M42.8%—+31%
Engineering and other services$3.3M36.2%—+73%
Joint development and contract research revenue$1.3M14.5%—-44%
  ↳ Contract research$1.0M11.4%—+2%
  ↳ Joint development agreements$275K3.0%—-79%
Licensing$595K6.6%—-43%

Where each dollar of revenue goes

LineQ2 2026% of revenue
Revenue$9.0M100.0%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 2026$9.0M-0.8%
Q1 2026$12.0M+27%
Q4 2025$28.0M+133%
Q3 2025$9.3M-7%
Q2 2025$9.1M-48%
Q1 2025$9.5M-7%
Q4 2024$12.0M-41%

From LanzaTech Global's 10-Q filed Aug 14, 2026 (on EDGAR).

Questions

How does LanzaTech Global make money?

LanzaTech Global (LNZA) made $9.0M of revenue in the second quarter 2026 (Q2 2026), +10% from a year earlier. Biorefining revenue brought in $3.9M (43%); Engineering and other services brought in $3.3M (36%); Joint development and contract research revenue brought in $1.3M (14%).

What is LanzaTech Global's biggest business?

Biorefining revenue: $3.9M in the second quarter 2026, 43% of revenue, +31% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.