LanzaTech Global (NASDAQ: LNZA) reported a net loss of $49.0 million for fiscal year 2025, compared to $137.7 million in 2024. The carbon management solutions company achieved a 21% reduction in full-year operating expenses to $104.5 million, down from $132.6 million in the previous year.

Fourth-quarter 2025 revenue reached $28.0 million, substantially higher than $12.0 million in the same period of 2024, primarily driven by $16.7 million in licensing revenue from LanzaJet. Full-year 2025 revenue totaled $55.8 million compared to $49.6 million in 2024.

The company's ownership in LanzaJet reached 53% in December 2025 after receiving final tranches of common stock. This followed the commissioning of LanzaJet's Freedom Pines Fuels facility in Georgia, which produces sustainable aviation fuel from ethanol. In February 2026, LanzaJet raised $47 million in new capital at a $650 million pre-money valuation, reducing LanzaTech's ownership to approximately 46%.

LanzaTech secured €40 million in grant funding from the European Union's Innovation Fund in November 2025 for carbon capture and utilization projects. The company also completed a $20 million private placement in January 2026.

Cash and restricted cash totaled $17.1 million at December 31, 2025, down from $58.1 million a year earlier. The decrease reflects continued operational cash usage and timing of customer receipts, partially offset by financing activities and investment liquidations.

Adjusted EBITDA improved to a loss of $71.3 million in 2025 from a loss of $88.2 million in 2024. Fourth-quarter adjusted EBITDA turned positive at $2.4 million compared to a loss of $21.2 million in the prior-year quarter.