LanzaTech Global (LNZA) Operating Expenses (2021 - 2025)
LanzaTech Global (LNZA) posted quarterly 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 reported Operating Expenses for 5 consecutive years, with $28.2 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Operating Expenses fell 27.77% year-over-year to $28.2 million; the TTM figure through Dec 2025 stood at $135.0 million (down 14.84% YoY), while the FY2025 annual figure was $135.0 million, down 14.84% from the prior year.
- Operating Expenses advanced to $28.2 million in Q4 2025 per LNZA's latest filing, from $24.9 million in the prior quarter.
- Across five years, Operating Expenses topped out at $44.2 million in Q3 2023 and bottomed at $443.0 in Q2 2021.
- Historically, Operating Expenses has averaged $28.8 million across 5 years, with a median of $33.7 million in 2022.
- Annual changes were most pronounced in 2022 — Operating Expenses surged 6540080.59% — and 2025, when it sank 41.87%.
- LanzaTech Global's Operating Expenses stood at $665206.0 in 2021, then jumped by 4550.89% to $30.9 million in 2022, then grew by 26.41% to $39.1 million in 2023, then dropped by 0.15% to $39.0 million in 2024, then decreased 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Waste Management | 90.12 Bn | 89.57 Bn | 2.73 Bn | 5.43 Bn |
| 2 | Republic Services | 67.77 Bn | 67.67 Bn | 1.87 Bn | 448.00 Mn |
| 3 | Waste Connections | 43.04 Bn | 42.94 Bn | 1.08 Bn | 538.77 Mn |
| 4 | Clean Harbors | 16.75 Bn | 16.23 Bn | 608.78 Mn | 214.57 Mn |
| 5 | GFL Environmental | 14.92 Bn | 14.72 Bn | 278.90 Mn | 433.83 Mn |
| 6 | Casella Waste Systems | 5.92 Bn | 5.90 Bn | 178.80 Mn | 523.78 Mn |
| 7 | Sino Green Land | 972.56 Mn | 972.48 Mn | -78,936.00 | 201,005.00 |
| 8 | Onterris | 570.03 Mn | 556.34 Mn | 82.26 Mn | 66.50 Mn |
| 9 | Perma Fix Environmental Services | 344.22 Mn | 310.27 Mn | -2.50 Mn | 4.00 Mn |
| 10 | LanzaTech Global | 73.11 Mn | 28.13 Mn | 5.24 Mn | 18.89 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 |