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Lanzatech Global (LNZA) investor relations material
Lanzatech Global Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 revenue was $9.3M, down 7% year-over-year, with net income of $2.9M versus a $57.4M net loss in Q3 2024, driven by non-cash gains from fair value adjustments on financial instruments.
For the nine months ended September 30, 2025, revenue was $27.8M, down 26% year-over-year, with a net loss of $48.9M, a significant improvement from a $110.7M loss in the prior year.
Achieved first commercial-scale ethanol-to-jet fuel plant operation via LanzaJet joint venture, marking a global milestone for SAF production using ethanol feedstock.
Awarded €40 million EU Innovation Fund grant for a CCUS facility in Norway, featuring first commercial deployment of second-generation bioreactor technology.
The company is focused on commercialization, cost optimization, and strategic transformation, including workforce reductions and prioritization of SAF market opportunities.
Financial highlights
Q3 2025 Adjusted EBITDA was $(13.5)M, a 50% improvement year-over-year; nine-month Adjusted EBITDA was $(73.7)M.
Operating expenses in Q3 2025 decreased 48% year-over-year, mainly due to lower R&D and SG&A costs from headcount reductions and project completions.
As of September 30, 2025, cash, restricted cash, and investments were $23.5M, down from $43.5M at year-end 2024.
Cash outflows from operations for the nine months ended September 30, 2025, were $58.7M.
Net income for Q3 2025 was $2.9M, a significant improvement from a $57.4M net loss in Q3 2024, driven by a $38.1M non-cash gain on financial instruments and reduced operating expenses.
Outlook and guidance
Management projects that existing cash and short-term securities are insufficient to fund operations for the next twelve months, raising substantial doubt about the ability to continue as a going concern.
The company is actively pursuing additional financing but has no committed capital as of the report date.
Strategic shift to a cohort-based commercialization model and prioritization of SAF market opportunities aim to de-risk execution and improve revenue visibility.
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