Lifezone Metals Limited (LZM) Revenue History
Annual and quarterly revenue from 2020 to present
LZM Revenue Over Time (2020–2025)
LZM Revenue Growth History
3 of 5 years with positive growth- FY2020 revenue growth
- N/A
- FY2021 revenue growth
- +96.9%
- FY2022 revenue growth
- +39.9%
- FY2023 revenue growth
- -49.5%
- FY2024 revenue growth
- -90.5%
- FY2025 revenue growth
- +652.2%
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2025 | $732K | +705.1% |
| Q2 2025 | $325K | +555.5% |
| Q4 2024 | $91K | -90.6% |
| Q2 2024 | $50K | -90.2% |
| Q4 2023 | $971K | -46.4% |
| Q2 2023 | $507K | -54.5% |
| Q4 2022 | $1.8M | — |
| Q2 2022 | $1.1M | — |
Revenue Breakdown
LZM's revenue distribution by segment and geography
By Geography
LZM Revenue Analysis (2020–2025)
Current Revenue & Growth
As of June 12, 2026, Lifezone Metals Limited (LZM) generated trailing twelve-month (TTM) revenue of $1.2 million, reflecting explosive growth of +705.1% year-over-year. The most recent quarter (Q4 2025) recorded $731,592 in revenue, up 124.8% sequentially.
Historical Growth Trajectory
LZM's 5-year compound annual growth rate (CAGR) stands at -0.1%, indicating revenue contraction over this period. The 3-year CAGR of -28.8% is below the 5-year average, signalling a growth deceleration in recent years. Lifezone Metals Limited's highest annual revenue of $2.9 million was recorded in 2022.
Peer Comparison
Compared to Basic Materials sector peers — including SBSW (+9.9% YoY), MP (+60.9% YoY), and VALE (+6.3% YoY) — LZM has outperformed the peer group in revenue growth. Compare LZM vs SBSW →
LZM Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
 LZMCurrent | $1M | +705.1% | -0.1% | -1724.9% | |
 SBSW | $120.1B | +9.9% | -1.2% | 18.5% | |
 MP | $275M | +60.9% | +15.4% | -44.6% | |
 VALE | $38.2B | +6.3% | -0.7% | 29.0% | |
 RIO | $53.7B | -5.5% | +4.4% | 29.2% |
LZM Historical Revenue Data (2020–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.1M | +652.2% | $-966,837 | -91.5% | $-18,233,325 | -1724.9% |
| 2024 | $141K | -90.5% | $54K | 38.2% | $-48,274,621 | -34353.8% |
| 2023 | $1.5M | -49.5% | $724K | 49.0% | $-365,174,650 | -24710.3% |
| 2022 | $2.9M | +39.9% | $1.5M | 50.0% | $-25,687,760 | -877.5% |
| 2021 | $2.1M | +96.9% | $1.6M | 78.8% | $-18,029,023 | -861.6% |
| 2020 | $1.1M | - | $1.1M | 100.0% | $-495 | -0.0% |
What if you invested $1,000 in LZM back in 2020?
Total return with dividends reinvested · 6+ years of data
Calculate ReturnsHow much would $100/month in LZM be worth today?
Dollar cost averaging vs lump sum · see how regular investing compounds over time
Run the NumbersIs LZM Undervalued Right Now?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationLZM vs LIN — which is the better buy?
Side-by-side revenue, margins, P/E and 10-year returns vs Linde plc.
Compare NowLZM — Frequently Asked Questions
Quick answers to the most common questions about buying LZM stock.
Is LZM's revenue growth accelerating or slowing?
LZM revenue growth is accelerating. TTM revenue reached $1M, up +705.1% year-over-year — ahead of the 5-year CAGR of -0.1%. This indicates the business is expanding faster than its historical baseline.
What is LZM's revenue history from 2020 to 2026?
Lifezone Metals Limited (LZM) revenue history spans 2020 to 2026. TTM revenue as of 2026 is $1M, growing at +705.1% YoY. The 5-year CAGR is -0.1%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is LZM's long-term revenue growth rate (CAGR)?
Lifezone Metals Limited's 5-year revenue CAGR of -0.1% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +705.1% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for LZM.
Why does LZM's quarterly revenue fluctuate?
LZM 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. Lifezone Metals Limited's revenue data from 2020 to 2026 shows full historical quarterly detail on this page.
How is LZM's revenue distributed by segment?
LZM 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 LZM's revenue compare to industry peers?
Lifezone Metals Limited (LZM) with TTM revenue of $1M and +705.1% 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.