Lifezone Metals Limited(LZM)Earnings, Financials & Key Ratios
LZM•NYSE
Price updated Jun 11, 2026
SectorBasic MaterialsIndustryIndustrial MaterialsSub-IndustryBattery Materials (Lithium, Graphite, Rare Earths)
AboutLifezone Metals Limited operates as a metals company in the battery metals supply chain of extraction, processing, and recycling. It supplies low-carbon and sulphur dioxide emission metals to the battery and EV markets. The company's products include nickel, copper, and cobalt. Its flagship project is the Kabanga nickel project in North-West Tanzania. The company is based in Ramsey, Isle of Man.Show more
- Revenue$1M+652.2%
- EBITDA-$17M+64.5%
- Net Income-$14M+70.6%
- EPS (Diluted)-0.17+71.2%
- Gross Margin-91.47%-339.6%
- EBITDA Margin-1583.95%+95.3%
- Operating Margin-1724.94%+95.0%
- Net Margin-1289.25%+96.1%
- ROE-15.83%+61.1%
- ROIC-13.1%+67.7%
- Debt/Equity0.80+188.0%
- Interest Coverage-1.75+71.1%
LZM Key Insights
Lifezone Metals Limited (LZM) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓High quality earnings: Operating CF exceeds net income
✗Weaknesses
- ✗Weak Piotroski F-Score: 2/9
- ✗Negative free cash flow
- ✗Trading more than 30% below 52-week high
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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LZM Price & Volume
Lifezone Metals Limited (LZM) stock price & volume — 10-year historical chart
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LZM Growth Metrics
Lifezone Metals Limited (LZM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-0.1%
3 Years-28.79%
TTM-72.82%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM84.53%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM86.21%
Return on Capital
10 Years-83.79%
5 Years-100.54%
3 Years-135.63%
Last Year-16.78%
LZM Recent Earnings
Lifezone Metals Limited (LZM) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 2/11 qtrs (29%)●Beat Revenue 5/11 qtrs (100%)
Q2 2026Latest
Apr 8, 2026EPS
$0.19
Est $0.16
-18.8%
Revenue
$731,592
Est $700,000
+4.5%
Q2 2026
Mar 19, 2026EPS
$0.19
Est $0.05
-280.0%
Revenue
$731,592
Est $700,000
+4.5%
Q3 2025
Aug 11, 2025EPS
$0.08
Est $0.12
+33.3%
Revenue
$325,451
Q2 2025
Apr 9, 2025EPS
$0.09
Est $0.09
+0.0%
Revenue
$90,872
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 8, 2026 | $0.19vs $0.16-18.8% | $731,592vs $700,000+4.5% |
| Q2 2026 | Mar 19, 2026 | $0.19vs $0.05-280.0% | $731,592vs $700,000+4.5% |
| Q3 2025 | Aug 11, 2025 | $0.08vs $0.12+33.3% | $325,451 |
| Q2 2025 | Apr 9, 2025 | $0.09vs $0.09+0.0% | $90,872 |
Based on last 11 quarters of dataView full earnings history →
LZM Peer Comparison
Lifezone Metals Limited (LZM) competitors in Battery Materials (Lithium, Graphite, Rare Earths) — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 PPTA | 2.93B | 23.44 | -21.70 | -20.71% | 0.00 | |||
 SBSW | 6.89B | 9.74 | -23.70 | 7.11% | -5.2% | -28.09% | 1.00 | |
 MP | 10.18B | 57.18 | -114.36 | 35.12% | -20.48% | -3.49% | 0.44 | |
 VALE | 67.04B | 15.36 | 26.48 | 0.46% | 7.06% | 7.22% | 0.56 | |
 RIO | 206.88B | 103.64 | 14.66 | -0.71% | 19.42% | 33.83% | 0.24 | |
 FCX | 95.34B | 66.34 | 43.64 | 1.12% | 10.34% | 8.91% | 0.37 | |
 NEM | 108.13B | 97.59 | 15.22 | 19.08% | 30.54% | 15.58% | 0.01 | |
 AA | 17.86B | 68.98 | 15.54 | 4.53% | 9.01% | 18.49% | 0.00 |
Compare LZM vs Peers
Lifezone Metals Limited (LZM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
LZM Income Statement
Lifezone Metals Limited (LZM) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|
Sales/Revenue | 1.06M | 2.09M | 2.93M | 1.48M | 140.52K | 1.06M |
Revenue Growth % | - | 96.94% | 39.9% | -49.52% | -90.49% | 652.23% |
Cost of Goods Sold | 0 | 442.82K | 1.46M | 753.97K | 86.87K | 2.02M |
COGS % of Revenue | - | 21.16% | 50.03% | 51.02% | 61.82% | 191.47% |
Gross Profit | 1.06M▲ 0% | 1.65M▲ 55.3% | 1.46M▼ 11.3% | 723.85K▼ 50.5% | 53.65K▼ 92.6% | -966.84K▼ 1902.1% |
Gross Margin % | 100% | 78.84% | 49.97% | 48.98% | 38.18% | -91.47% |
Gross Profit Growth % | - | 55.27% | -11.33% | -50.52% | -92.59% | -1902.12% |
Operating Expenses | 1.06M | 19.68M | 27.15M | 365.9M | 48.33M | 17.27M |
OpEx % of Revenue | 100.05% | 940.41% | 927.44% | 24759.24% | 34391.96% | 1633.47% |
Selling, General & Admin | 961.46K | 19.38M | 24.87M | 283.56M | 32.3M | 17.14M |
SG&A % of Revenue | 90.49% | 926.19% | 849.61% | 19187.7% | 22982.87% | 1621.44% |
Research & Development | 0 | 0 | 0 | 90.98K | 157.61K | 127.14K |
R&D % of Revenue | - | - | - | 6.16% | 112.16% | 12.03% |
Other Operating Expenses | 101.56K | 297.53K | 2.28M | 82.25M | 15.87M | 0 |
Operating Income | -495▲ 0% | -18.03M▼ 3642126.9% | -25.69M▼ 42.5% | -365.17M▼ 1321.6% | -48.27M▲ 86.8% | -18.23M▲ 62.2% |
Operating Margin % | -0.05% | -861.57% | -877.48% | -24710.26% | -34353.78% | -1724.94% |
Operating Income Growth % | - | -3642126.87% | -42.48% | -1321.59% | 86.78% | 62.23% |
EBITDA | 51.37K | -17.94M | -25.49M | -364.57M | -47.13M | -16.74M |
EBITDA Margin % | 4.83% | -857.36% | -870.62% | -24669.41% | -33541.76% | -1583.95% |
EBITDA Growth % | - | -35027.48% | -42.06% | -1330.42% | 87.07% | 64.48% |
D&A (Non-Cash Add-back) | 51.86K | 88.17K | 200.69K | 603.7K | 1.14M | 1.49M |
EBIT | 5.96K | -17.96M | -25.36M | -288.5M | -39.03M | -18.23M |
Net Interest Income | 5.49K | 4.16K | -41.97K | 355.21K | -4.09M | -9.86M |
Interest Income | 9.4K | 4.16K | 224.39K | 567.19K | 2.34M | 536.16K |
Interest Expense | 3.91K | 0 | 266.35K | 211.98K | 6.43M | 10.4M |
Other Income/Expense | 9.4K | -149.86K | 193.54K | 511.26K | 1.68M | 3.86M |
Pretax Income | 8.91K▲ 0% | -18.18M▼ 204219.5% | -25.49M▼ 40.2% | -364.66M▼ 1330.4% | -46.6M▲ 87.2% | -14.37M▲ 69.2% |
Pretax Margin % | 0.84% | -868.73% | -870.86% | -24675.66% | -33159.37% | -1359.48% |
Income Tax | 0 | 0 | 0 | 0 | 540.13K | -263.49K |
Effective Tax Rate % | 0% | 0% | 0% | 0% | -1.16% | 1.83% |
Net Income | 8.91K▲ 0% | -18M▼ 202240.6% | -23.58M▼ 31.0% | -363.87M▼ 1442.9% | -46.31M▲ 87.3% | -13.63M▲ 70.6% |
Net Margin % | 0.84% | -860.31% | -805.59% | -24622.29% | -32952.31% | -1289.25% |
Net Income Growth % | - | -202240.65% | -31% | -1442.93% | 87.27% | 70.57% |
Net Income (Continuing) | 8.91K | -18.18M | -25.49M | -364.66M | -47.14M | -14.11M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | -176.24K | 84.45M | 83.66M | 9.79M | -998.96K |
EPS (Diluted) | 0.00▲ 0% | -0.32▼ 160100.0% | -0.66▼ 106.3% | -5.52▼ 736.4% | -0.59▲ 89.3% | -0.17▲ 71.2% |
EPS Growth % | - | - | -106.25% | -736.36% | 89.31% | 71.19% |
EPS (Basic) | 0.00 | -0.32 | -0.66 | -5.52 | -0.59 | -0.17 |
Diluted Shares Outstanding | 35.84M | 35.84M | 35.84M | 65.89M | 78.28M | 79.86M |
Basic Shares Outstanding | 35.84M | 35.84M | 35.84M | 65.89M | 78.28M | 79.86M |
Dividend Payout Ratio | - | - | - | - | - | - |
LZM Balance Sheet
Lifezone Metals Limited (LZM) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|
Total Current Assets | 1.23M | 47.56M | 76.59M | 54.82M | 31.66M | 22.23M |
Cash & Short-Term Investments | 600.09K | 45.62M | 20.54M | 49.39M | 29.28M | 20.14M |
Cash Only | 600.09K | 45.62M | 20.54M | 49.39M | 29.28M | 20.14M |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 367.08K | 1.07M | 6.01M | 2.72M | 932.59K | 1.1M |
Days Sales Outstanding | 126.1 | 187.24 | 748.74 | 671.44 | 2.42K | 381.5 |
Inventory | 0 | 0 | 49.74K | 100.78K | 162K | 58.02K |
Days Inventory Outstanding | - | - | 12.39 | 48.79 | 680.67 | 10.46 |
Other Current Assets | 263.44K | 0 | 48.6M | 0 | 0 | 496.15K |
Total Non-Current Assets | 533.82K | 581.42K | 20.39M | 87.44M | 124.99M | 153.52M |
Property, Plant & Equipment | 0 | 13.75M | 19.69M | 77.5M | 6.53M | 6.44M |
Fixed Asset Turnover | - | 0.15x | 0.15x | 0.02x | 0.02x | 0.16x |
Goodwill | 0 | 0 | 0 | 9.02M | 0 | 0 |
Intangible Assets | 533.82K | 581.42K | 694.96K | 914.2K | 889.82K | 875.19K |
Long-Term Investments | 0 | 281.52M | 285.65M | 0 | 0 | 0 |
Other Non-Current Assets | 0 | 288.67K | -285.65M | 0 | 117.58M | 146.2M |
Total Assets | 1.76M▲ 0% | 61.89M▲ 3407.8% | 96.98M▲ 56.7% | 142.26M▲ 46.7% | 156.65M▲ 10.1% | 175.75M▲ 12.2% |
Asset Turnover | 0.60x | 0.03x | 0.03x | 0.01x | 0.00x | 0.01x |
Asset Growth % | - | 3407.75% | 56.69% | 46.7% | 10.12% | 12.19% |
Total Current Liabilities | 240.1K | 2.35M | 16.71M | 12.76M | 56M | 59.08M |
Accounts Payable | 240.1K | 722.2K | 645.68K | 2.53M | 3M | 1.9M |
Days Payables Outstanding | - | 595.29 | 160.91 | 1.22K | 12.6K | 342.88 |
Short-Term Debt | 0 | 0 | 300K | 602.56K | 26.24M | 40.61M |
Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 |
Other Current Liabilities | 0 | 0 | 2.2M | 3.94M | 24.2M | 16.57M |
Current Ratio | 5.13x | 20.27x | 4.58x | 4.30x | 0.57x | 0.38x |
Quick Ratio | 5.13x | 20.27x | 4.58x | 4.29x | 0.56x | 0.38x |
Cash Conversion Cycle | - | - | 600.23 | -504.43 | -9.5K | 49.08 |
Total Non-Current Liabilities | 0 | 9.66M | 4.28M | 1.19M | 1.33M | 43.84M |
Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 16.68M |
Capital Lease Obligations | 0 | 0 | 290.58K | 1.19M | 801.05K | 1.12M |
Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 529.02K | 303.75K |
Other Non-Current Liabilities | 0 | 5.68M | 3.99M | 0 | 0 | 25.73M |
Total Liabilities | 240.1K | 8.03M | 20.99M | 13.95M | 57.33M | 102.92M |
Total Debt | 0 | 0 | 695.88K | 1.79M | 27.65M | 58.41M |
Net Debt | -600.09K | -45.62M | -19.84M | -47.6M | -1.63M | 38.26M |
Debt / Equity | - | - | 0.01x | 0.01x | 0.28x | 0.80x |
Debt / EBITDA | - | - | - | - | - | - |
Net Debt / EBITDA | -11.68x | - | - | - | - | - |
Interest Coverage | 1.52x | - | -95.21x | -1360.97x | -6.07x | -1.75x |
Total Equity | 1.52M▲ 0% | 53.86M▲ 3433.6% | 75.99M▲ 41.1% | 128.31M▲ 68.9% | 99.33M▼ 22.6% | 72.83M▼ 26.7% |
Equity Growth % | - | 3433.62% | 41.07% | 68.86% | -22.59% | -26.67% |
Book Value per Share | 0.04 | 1.50 | 2.12 | 1.95 | 1.27 | 0.91 |
Total Shareholders' Equity | 1.52M | 54.04M | -8.47M | 44.65M | 89.54M | 73.83M |
Common Stock | 1.73K | 1.84K | 3.1K | 7.83K | 7.91K | 8.38K |
Retained Earnings | -764.03K | -20.71M | -44.29M | -408.17M | -454.47M | -468.1M |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | 280.81K | 49.31M | -15.38M | 274.12M | 67.72M | 351.71M |
Minority Interest | 0 | -176.24K | 84.45M | 83.66M | 9.79M | -998.96K |
LZM Cash Flow Statement
Lifezone Metals Limited (LZM) cash flow — operating, investing & free cash flow history
| Metric | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|
Cash from Operations | -260.64K | -1.22M | -17.04M | -26.98M | -15.89M | -16.9M |
Operating CF Margin % | -24.53% | -58.43% | -581.91% | -1825.64% | -11309.12% | -1598.75% |
Operating CF Growth % | - | -369.07% | -1293.35% | -58.38% | 41.1% | -6.34% |
Net Income | 8.91K | -475.41K | -25.38M | -363.87M | -47.14M | -13.63M |
Depreciation & Amortization | 51.86K | 0 | 318.13K | 1.04M | 1.57M | 1.49M |
Stock-Based Compensation | 0 | 0 | 0 | 265.56M | 17.82M | 0 |
Deferred Taxes | 0 | 0 | 0 | 0 | -829.2K | 0 |
Other Non-Cash Items | -2.95K | -4.16K | 133.95K | 79.96M | 13.21M | -2.86M |
Working Capital Changes | -318.46K | -743.04K | 7.89M | -9.66M | -523.41K | -1.9M |
Change in Receivables | -165.22K | 0 | -2.6M | -1.97M | 1.57M | -822.08K |
Change in Inventory | 0 | 0 | -49.74K | -51.04K | -61.22K | 45.16K |
Change in Payables | 0 | 0 | 12.24M | -6.56M | -2.03M | -1.09M |
Cash from Investing | 230.32K | -281.52M | -7.96M | -59.95M | -52.66M | -21.99M |
Capital Expenditures | -148.59K | 0 | -6.17M | -52.05M | -49.95M | -21.99M |
CapEx % of Revenue | 13.98% | - | 210.8% | 3522.25% | 35547.1% | 2080.39% |
Acquisitions | 0 | 0 | -2.01M | -8.07M | -4M | 0 |
Investments | - | - | - | - | - | - |
Other Investing | 378.91K | 0 | 214.25K | 177.96K | 1.29M | 0 |
Cash from Financing | 0 | 283.22M | -80.93K | 115.74M | 48.42M | 29.65M |
Debt Issued (Net) | 0 | 0 | -80.93K | -338.17K | 48.72M | 19.74M |
Equity Issued (Net) | 0 | 283.22M | 0 | -4.7M | 76 | 11.2M |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 |
Other Financing | 0 | 0 | 0 | 120.78M | -296.11K | -1.29M |
Net Change in Cash | -30.32K▲ 0% | 11.04M▲ 36498.2% | -25.09M▼ 327.3% | 28.86M▲ 215.0% | -20.11M▼ 169.7% | -9.14M▲ 54.5% |
Free Cash Flow | -409.23K▲ 0% | -1.22M▼ 198.8% | -23.21M▼ 1798.1% | -78.85M▼ 239.8% | -66.89M▲ 15.2% | -16.94M▲ 74.7% |
FCF Margin % | -38.52% | -58.43% | -792.72% | -5335.85% | -47603.72% | -1602.27% |
FCF Growth % | - | -198.76% | -1798.1% | -239.8% | 15.17% | 74.68% |
FCF per Share | -0.01 | -0.03 | -0.65 | -1.20 | -0.85 | -0.21 |
FCF Conversion (FCF/Net Income) | -29.27x | 0.07x | 0.72x | 0.07x | 0.34x | 1.24x |
Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 |
Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 |
LZM Key Ratios
Lifezone Metals Limited (LZM) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 0.58% | -65.01% | -36.32% | -356.22% | -40.68% | -15.83% |
| Return on Invested Capital (ROIC) | - | -295.11% | -59.84% | -400.24% | -40.59% | -13.1% |
| Gross Margin | 100% | 78.84% | 49.97% | 48.98% | 38.18% | -91.47% |
| Net Margin | 0.84% | -860.31% | -805.59% | -24622.29% | -32952.31% | -1289.25% |
| Debt / Equity | - | - | 0.01x | 0.01x | 0.28x | 0.80x |
| Interest Coverage | 1.52x | - | -95.21x | -1360.97x | -6.07x | -1.75x |
| FCF Conversion | -29.27x | 0.07x | 0.72x | 0.07x | 0.34x | 1.24x |
| Revenue Growth | - | 96.94% | 39.9% | -49.52% | -90.49% | 652.23% |
Related:LZM Dividend History·LZM Revenue History·LZM Price History·LZM P/E History·LZM Financial Ratios·LZM Institutional Holders
LZM Frequently Asked Questions
Lifezone Metals Limited (LZM) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Lifezone Metals Limited (LZM) reported $1.2M in revenue for fiscal year 2025. This represents a 13% increase from $1.1M in 2020.
Lifezone Metals Limited (LZM) grew revenue by 652.2% over the past year. This is strong growth.
Lifezone Metals Limited (LZM) reported a net loss of $59.9M for fiscal year 2025.
Dividend & Returns
Lifezone Metals Limited (LZM) has a return on equity (ROE) of -15.8%. Negative ROE indicates the company is unprofitable.
Lifezone Metals Limited (LZM) had negative free cash flow of $66.2M in fiscal year 2025, likely due to heavy capital investments.