LanzaTech Global Inc. Common Stock (LNZA)

FairStock Score: 33/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

LanzaTech is a 192-employee industrial company trying to turn waste carbon gases into ethanol and chemicals. The idea has promise, but the financial record is not yet that of a durable business. In fiscal 2023, the year ended 2023-12-31, filed results show revenue of $62.6 million and net loss of $134.1 million. In fiscal 2024, the year ended 2024-12-31, revenue was $49.6 million and net loss was $137.7 million. In fiscal 2025, the year ended 2025-12-31, revenue was $55.8 million and net loss was $49.0 million. Losses narrowed, but revenue has not steadily compounded. The latest filed quarter, fiscal Q2 2026 ended 2026-06-30, reported revenue of $9.0 million and net income of $184.3 million, with diluted EPS of $15.81. That profit is enormous relative to revenue and is not confirmed by cash: trailing free cash flow is -$33.8 million, a -47.1% FCF yield on the 2026-10-13 market cap. At the 2026-10-13 close, FairStock's P/E and P/B are both 0.28, and its Graham Number is $93.87, implying a 94.16% margin of safety. Those look cheap, but I am wary because the company has lost money in each of the last four years, ROCE is -10.12%, Altman Z-score is -2.91, and Piotroski is 4/9. Debt is low with D/E of 0.11, which helps, but low debt does not create a moat. I need repeated positive cash flow and commercial validation before trusting the optical value. FairStock Score 33/100 reflects that caution.

In plain English: LanzaTech turns waste carbon gases into ethanol and chemicals used in fuels, packaging, clothing, and fragrances. The business has mostly lost money and used cash, though one recent quarter showed a very large profit that may not repeat. The share price looks low compared with some basic accounting measures, but the underlying business still looks weak and unproven.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer