LanzaTech Global (LNZA) Research & Development (2022 - 2025)

LanzaTech Global (LNZA) reported Research & Development of $11.5 million for Q4 2025, down 30.13% year-over-year from $16.5 million in Q4 2024, and up 12.14% quarter-over-quarter from $10.3 million in Q3 2025.

LanzaTech Global (LNZA) Research & Development (2022 - 2025) Analysis & Trends

LanzaTech Global (LNZA) has 4 years of Research & Development data on file, last reported at $11.5 million in Q4 2025.

  • Research & Development for Q4 2025 came in at $11.5 million, down 30.13% year-over-year; the trailing twelve-month figure through Dec 2025 was $53.2 million (down 30.94% YoY), and the FY2025 annual result was $53.2 million, down 30.94% from the prior year.
  • Research & Development improved to $11.5 million in Q4 2025 per LNZA's latest filing, from $10.3 million in the prior quarter.
  • Over five years, Research & Development peaked at $22.0 million in Q3 2024 and troughed at $10.3 million in Q3 2025.
  • A 4-year average of $15.7 million and a median of $16.3 million in 2023 frame the typical range for Research & Development.
  • The sharpest annual moves came in 2023 and 2025: Research & Development jumped 42.84% in 2023, then tumbled 53.4% in 2025.
  • A 4-year view of Research & Development shows it stood at $13.3 million in 2022, then climbed by 22.28% to $16.3 million in 2023, then gained by 0.96% to $16.5 million in 2024, then plunged by 30.13% to $11.5 million in 2025.
  • Business Quant data shows LNZA's Research & Development at $11.5 million in Q4 2025, $10.3 million in Q3 2025, and $14.9 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 GFL Environmental 252.38 Bn 252.50 Bn 218.62 Mn -
2 Waste Connections 40.24 Bn 40.13 Bn 1.01 Bn -
3 Clean Harbors 15.26 Bn 14.59 Bn 445.42 Mn -
4 Casella Waste Systems 5.57 Bn 5.43 Bn 148.40 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 737,749.00 657,021.00
8 Waste Management 198.93 Mn 41.93 Mn 2.53 Bn -
9 Perma Fix Environmental Services 184.86 Mn 164.86 Mn -2.88 Mn 303,000.00
10 LanzaTech Global 16.97 Mn 3.80 Mn 22.72 Mn 11.50 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 11.50 Mn
Sep 30, 2025 10.26 Mn
Jun 30, 2025 14.94 Mn
Mar 31, 2025 16.49 Mn
Dec 31, 2024 16.46 Mn
Sep 30, 2024 22.01 Mn
Jun 30, 2024 21.48 Mn
Mar 31, 2024 17.06 Mn
Dec 31, 2023 16.30 Mn
Sep 30, 2023 16.65 Mn
Jun 30, 2023 18.91 Mn
Mar 31, 2023 16.29 Mn
Dec 31, 2022 13.33 Mn
Sep 30, 2022 14.26 Mn
Jun 30, 2022 13.24 Mn
Mar 31, 2022 12.36 Mn