LanzaTech Global, Inc. (LNZA) Revenue History
Annual and quarterly revenue from 2020 to present
LNZA Revenue Over Time (2020–2025)
LNZA Revenue Growth History
4 of 5 years with positive growth- FY2020 revenue growth
- N/A
- FY2021 revenue growth
- +38.7%
- FY2022 revenue growth
- +46.7%
- FY2023 revenue growth
- +67.7%
- FY2024 revenue growth
- -20.8%
- FY2025 revenue growth
- +12.6%
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $9.0M | -0.8% |
| Q1 2026 | $12.0M | +26.8% |
| Q4 2025 | $28.0M | +132.7% |
| Q3 2025 | $9.3M | -6.7% |
| Q2 2025 | $9.1M | -47.7% |
| Q1 2025 | $9.5M | -7.4% |
| Q4 2024 | $12.0M | -41.2% |
| Q3 2024 | $9.9M | -49.3% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2024)
LNZA's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
LNZA Revenue Analysis (2020–2025)
Current Revenue & Growth
As of November 8, 2026, LanzaTech Global, Inc. (LNZA) generated trailing twelve-month (TTM) revenue of $58.3 million, reflecting slight decline in growth of -0.8% year-over-year. The most recent quarter (Q2 2026) recorded $9.0 million in revenue, down 25.0% sequentially.
Historical Growth Trajectory
LNZA's 5-year compound annual growth rate (CAGR) stands at +24.9%, indicating outstanding long-term growth trajectory. The 3-year CAGR of +14.4% is below the 5-year average, signalling a growth deceleration in recent years. LanzaTech Global, Inc.'s highest annual revenue of $62.6 million was recorded in 2023.
Revenue by Segment
LNZA's revenue is primarily driven by Engineering and Other Services (47%), License and Service (27%), and Research And Development (25%). The diversified mix across segments reduces dependence on any single product line, which can support more resilient revenue in downturns.
Peer Comparison
Compared to Energy sector peers — including GEVO (+121.4% YoY), AMTX (+28.7% YoY), and LOOP (-95.0% YoY) — LNZA has underperformed the peer group in revenue growth. Compare LNZA vs GEVO →
LNZA Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| LNZACurrent | $58M | -0.8% | +24.9% | -141.7% | |
 GEVO | $161M | +121.4% | +96.1% | -11.7% | |
 AMTX | $208M | +28.7% | +4.7% | -17.9% | |
 LOOP | $514,000 | -95.0% | - | -1970.4% | |
 OPAL | $349M | +2.8% | +24.3% | 1.4% | |
 LYB | $30.2B | -1.8% | +1.7% | -1.1% |
LNZA Historical Revenue Data (2020–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $55.8M | +12.6% | $25.3M | 45.3% | $-79,156,000 | -141.7% |
| 2024 | $49.6M | -20.8% | $23.6M | 47.6% | $-108,933,000 | -219.7% |
| 2023 | $62.6M | +67.7% | $17.7M | 28.2% | $-106,380,000 | -169.9% |
| 2022 | $37.3M | +46.7% | $9.1M | 24.3% | $-75,599,000 | -202.4% |
| 2021 | $25.5M | +38.7% | $10.2M | 40.2% | $-51,019,000 | -200.4% |
| 2020 | $18.4M | - | $6.8M | 36.8% | $-39,701,000 | -216.3% |
LNZA Chart Terminal
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Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
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Peer Comparison
Compare growth, multiples, and margins vs sector.
LNZA — Frequently Asked Questions
Quick answers to the most common questions about buying LNZA stock.
Is LNZA's revenue growth accelerating or slowing?
LNZA revenue growth is slowing. TTM revenue is $58M, up -0.8% year-over-year — below the 5-year CAGR of +24.9%. The deceleration suggests maturing end-markets or increased competition.
What is LNZA's revenue history from 2020 to 2026?
LanzaTech Global, Inc. (LNZA) revenue history spans 2020 to 2026. TTM revenue as of 2026 is $58M, growing at -0.8% YoY. The 5-year CAGR is +24.9%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is LNZA's long-term revenue growth rate (CAGR)?
LanzaTech Global, Inc.'s 5-year revenue CAGR of +24.9% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -0.8% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for LNZA.
Why does LNZA's quarterly revenue fluctuate?
LNZA quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. LanzaTech Global, Inc.'s revenue data from 2020 to 2026 shows full historical quarterly detail on this page.
How is LNZA's revenue distributed by segment?
LNZA reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does LNZA's revenue compare to industry peers?
LanzaTech Global, Inc. (LNZA) with TTM revenue of $58M and -0.8% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.