LanzaTech Global Inc
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LanzaTech Global Inc AI Insights
Informational only. Not investment advice.Snapshot
- Negative equity (-5.0M) with 30M debt - balance sheet impaired. Total liabilities (91.1M) exceed assets (99.3M) leaving minimal cushion.[Common Stockholders Equity]
- Burning -81.2M FCF TTM against 19.6M cash - under 3 months runway without capital raise. Cash dropped 40% from 39.6M to 23.5M.[Free Cash Flow TTM]
- R&D of 58.1M TTM is 146% of revenue (39.9M) - pre-commercial stage company despite 34% gross margin.[Research and Development TTM]
Watch Triggers
- Cash and Equivalents: Falls below 15M or no capital raise announced — Sub-15M triggers going concern risk; current burn is ~20M/quarter
- Total Revenue TTM: Exceeds 60M with maintained gross margin — 50% revenue growth would signal commercial traction reducing dilution needs
- Issuance of Capital Stock: Any significant equity raise — Terms of inevitable raise determine shareholder dilution severity
Bull Case
Gross margin 34% vs industry median 20% with 31% YoY gross profit growth - technology has competitive unit economics if commercialization succeeds.
R&D intensity (146% of revenue) building IP moat in carbon capture/conversion - first-mover in emerging regulatory-driven market.
Bear Case
Negative equity (-5.0M) and -81.2M FCF with only 19.6M cash = imminent dilution. Survival requires 75%+ of current market cap in new capital.
Operating margin -266% (vs industry 0%) - losses 2.7x revenue. Path to profitability requires 10x+ revenue scale at current cost structure.
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
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Forward Thesis
Capital raise required within 6 months or operational restructuring - current burn unsustainable
- Cash of 19.6M vs quarterly burn ~20M
- Negative equity eliminates debt capacity
- No stock issuance in recent period
Gross margin of 34% suggests viable unit economics if scale achieved
- Gross profit 13.6M on 39.9M revenue
- 31% YoY gross profit growth
- Cost structure heavily R&D weighted
Valuation Context
Caveats
Public Strategies Rankings
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LNZA Fundamentals
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$49.11M | — | ||
$59.48M | — | ||
0.00 | — | ||
$39.88M | -31.3% | — | |
$-36.59 | — | ||
-266% | -92.5% | — | |
-190% | +32.8% | — | |
$-81.17M | — | ||
0% | — | ||
Beta 5Y (Monthly) | unknown | — |
LNZA Dividend History
LNZA Stock Splits
LNZA SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
03/31/26 | 12/31/25 | Unknown | |
11/19/25 | 09/30/25 | 10-Q | |
08/19/25 | 06/30/25 | 10-Q | |
05/19/25 | 03/31/25 | 10-Q | |
04/15/25 | 12/31/24 | 10-K | |
11/08/24 | 09/30/24 | 10-Q | |
08/08/24 | 06/30/24 | 10-Q | |
05/09/24 | 03/31/24 | 10-Q | |
02/29/24 | 12/31/23 | 10-K | |
11/13/23 | 09/30/23 | 10-Q | |
08/09/23 | 06/30/23 | 10-Q | |
05/15/23 | 03/31/23 | 10-Q | |
03/29/23 | 12/31/22 | 10-K | |
02/13/23 | 09/30/22 | S-1 | |
12/04/23 | 06/30/22 | 10-Q/A | |
12/04/23 | 03/31/22 | 10-Q/A | |
02/13/23 | 12/31/21 | S-1 |