LanzaTech Global (LNZA) Operating Expenses (2021 - 2025)
LanzaTech Global (LNZA) reported Operating Expenses of $28.2 million for Q4 2025, down 27.77% year-over-year from $39.0 million in Q4 2024, and up 13.11% quarter-over-quarter from $24.9 million in Q3 2025.
LanzaTech Global (LNZA) Operating Expenses (2021 - 2025) Analysis & Trends
LanzaTech Global (LNZA) has 5 years of Operating Expenses data on file, last reported at $28.2 million in Q4 2025.
- Operating Expenses for Q4 2025 came in at $28.2 million, down 27.77% year-over-year; the trailing twelve-month figure through Dec 2025 was $135.0 million (down 14.84% YoY), and the FY2025 annual result was $135.0 million, down 14.84% from the prior year.
- Operating Expenses improved to $28.2 million in Q4 2025 per LNZA's latest filing, from $24.9 million in the prior quarter.
- Over five years, Operating Expenses peaked at $44.2 million in Q3 2023 and troughed at $443.0 in Q2 2021.
- A 5-year average of $28.8 million and a median of $33.7 million in 2022 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2025: Operating Expenses surged 6540080.59% in 2022, then sank 41.87% in 2025.
- A 5-year view of Operating Expenses shows it stood at $665206.0 in 2021, then soared by 4550.89% to $30.9 million in 2022, then climbed by 26.41% to $39.1 million in 2023, then slipped by 0.15% to $39.0 million in 2024, then retreated by 27.77% to $28.2 million in 2025.
- Business Quant data shows LNZA's Operating Expenses at $28.2 million in Q4 2025, $24.9 million in Q3 2025, and $41.3 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | GFL Environmental | 252.38 Bn | 252.50 Bn | 218.62 Mn | 400.55 Mn |
| 2 | Waste Connections | 40.24 Bn | 40.13 Bn | 1.01 Bn | 518.60 Mn |
| 3 | Clean Harbors | 15.26 Bn | 14.59 Bn | 445.42 Mn | 207.14 Mn |
| 4 | Casella Waste Systems | 5.57 Bn | 5.43 Bn | 148.40 Mn | 452.47 Mn |
| 5 | Enviri | 1.71 Bn | 1.63 Bn | - | - |
| 6 | Onterris | 613.85 Mn | 602.80 Mn | - | - |
| 7 | American Battery Technology | 425.23 Mn | 386.75 Mn | 737,749.00 | 35.14 Mn |
| 8 | Waste Management | 198.93 Mn | 41.93 Mn | 2.53 Bn | -22.00 Mn |
| 9 | Perma Fix Environmental Services | 184.86 Mn | 164.86 Mn | -2.88 Mn | 4.60 Mn |
| 10 | LanzaTech Global | 16.97 Mn | 3.80 Mn | 22.72 Mn | 28.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 28.20 Mn |
| Sep 30, 2025 | 24.94 Mn |
| Jun 30, 2025 | 41.33 Mn |
| Mar 31, 2025 | 40.54 Mn |
| Dec 31, 2024 | 39.05 Mn |
| Sep 30, 2024 | 42.90 Mn |
| Jun 30, 2024 | 40.18 Mn |
| Mar 31, 2024 | 36.40 Mn |
| Dec 31, 2023 | 39.11 Mn |
| Sep 30, 2023 | 44.20 Mn |
| Jun 30, 2023 | 43.54 Mn |
| Mar 31, 2023 | 42.17 Mn |
| Dec 31, 2022 | 30.94 Mn |
| Sep 30, 2022 | 28.70 Mn |
| Jun 30, 2022 | 28.97 Mn |
| Mar 31, 2022 | 24.33 Mn |
| Dec 31, 2021 | 665,206.00 |
| Sep 30, 2021 | 284,686.00 |
| Jun 30, 2021 | 443.00 |
| Mar 31, 2021 | 1,126.00 |