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| Date | Value |
|---|---|
| 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 |