LanzaTech Q2 operating expenses drop 67%

• LanzaTech reported Q2 2026 revenue of $9 million, down 1%, while operating expenses fell 67% to $11.7 million.
• Adjusted EBITDA loss improved 74% to $7.6 million, while reported net income reached $184.3 million because of a large non-cash investment gain.
• LanzaTech reinstated 2026 guidance for $50–$55 million of revenue and an adjusted EBITDA loss of $22–$26 million.

LanzaTech (NASDAQ:LNZA) reported Q2 revenue of $9 million, down 1%, while operating expenses fell 67% to $11.7 million.

Adjusted EBITDA loss improved to $7.6 million from $29.7 million, while net income reached $184.3 million versus a $32.5 million loss.

LanzaTech held $48.9 million in cash and restricted cash and forecasts 2026 revenue of $50–$55 million and adjusted EBITDA loss of $22–$26 million.

Following the announcement, LanzaTech's share price was up about 4% at $6.21 in premarket trading.

Q2 net income included a $208.1 million non-cash unrealized gain after LanzaTech’s retained SGLT investment was remeasured following the joint venture’s Hong Kong IPO.

LanzaTech is also advancing its FLITE sustainable aviation fuel project in Belgium and says it is pursuing ISCC EU certification for recycled carbon fuels produced in China.