Key Takeaways
- LanzaTech Global, Inc. reported second-quarter 2026 revenue of $9.0 million, down slightly from $9.1 million a year earlier, while six-month revenue rose 13% to $21.0 million.
- Net income reached $184.3 million in the quarter, reversing a $32.5 million loss in Q2 2025, largely on a $208.1 million non-cash gain tied to LanzaTech’s stake in Beijing Shougang LanzaTech after its Hong Kong IPO.
- Cash and restricted cash totaled $48.9 million as of June 30, 2026, up from $17.1 million at the end of 2025, after a $50 million common stock raise.
- LanzaTech selected North Sea Port in Ghent, Belgium, as the permanent site for its FLITE alcohol-to-jet facility, targeting 79,000 tonnes of sustainable aviation fuel and 9,000 tonnes of renewable diesel a year.
- The company reintroduced full-year 2026 guidance, projecting $50 million to $55 million in revenue and an adjusted EBITDA loss of $22 million to $26 million.
LanzaTech Narrows Losses as Net Income Swings Positive
LanzaTech Global, Inc. (NASDAQ: LNZA) reported second-quarter 2026 financial results on August 14, 2026, posting revenue of $9.0 million, roughly flat against the $9.1 million recorded a year earlier. Revenue for the first six months of 2026 climbed 13% to $21.0 million from $18.6 million.
Net income for the quarter reached $184.3 million, compared with a $32.5 million loss in the same period last year. The swing was driven mainly by a $208.1 million non-cash gain tied to LanzaTech’s stake in Beijing Shougang LanzaTech, a joint venture that completed a $75 million Hong Kong Stock Exchange IPO in June 2026. LanzaTech retained an 8.38% stake, worth roughly $110 million, in a quarter of wide swings for publicly traded agtech and clean-energy stocks.
Adjusted EBITDA loss narrowed to $7.6 million from $29.7 million a year earlier as operating expenses fell to $11.7 million from $35.1 million. Cash and restricted cash totaled $48.9 million as of June 30, 2026, up from $17.1 million at the end of 2025, after the Skokie, Illinois-based company raised $50 million through a stock offering.
“Our Second Quarter results reflect the actions we have taken to reshape LanzaTech for the current market,” said Dr. Jennifer Holmgren, CEO of LanzaTech. “We have reduced costs, renegotiated key contracts and refocused capital spend as we move from an R&D-led model toward commercial project deployment.”
SAF Facility and Carbon Fuel Certification Move Forward
LanzaTech converts waste carbon emissions into ethanol through gas fermentation, part of a wider shift toward lower-carbon fuels across renewable energy. The company selected North Sea Port in Ghent, Belgium, as the permanent site for its FLITE alcohol-to-jet facility, targeting 79,000 tonnes of sustainable aviation fuel and 9,000 tonnes of renewable diesel a year.
“Our work towards the world’s first ISCC EU certification for recycled carbon fuel is a critical step in opening mandated European fuel markets to CarbonSmart ethanol,” Holmgren said. “SAF remains a core medium-term opportunity, supported by leading alcohol-to-jet technology, while certified carbon-smart ethanol gives us near-term access to direct-use markets such as marine and road transport.”
LanzaTech Reintroduces Full-Year 2026 Guidance
LanzaTech reintroduced financial guidance for 2026, projecting third-quarter revenue of $8 million to $11 million and full-year revenue of $50 million to $55 million. The company expects full-year operating expenses of $51 million to $55 million and an adjusted EBITDA loss of $22 million to $26 million.
