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
DateValue
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