LanzaTech Global, Inc. (LNZA) Balance Sheet
LNZA balance sheet, 2025
December 31, 2025 · U.S. dollars$100.2M assets = $104.1M liabilities + −$3.9M equity
Liabilities exceed assets: shareholders’ equity is negative (−$3.9M).
Both columns are drawn to the same scale: what LNZA owns equals what it owes plus shareholders’ equity. Hover a block for its value.
LNZA financial health
Descriptive bands, not a rating. Fiscal 2025.
LNZA balance sheet trends, 2020–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $119.0M2020 | $100.2M2025 | −3.4%/yr | |
| Total liabilities | $430.2M2020 | $104.1M2025 | −24.7%/yr | |
| Shareholders’ equity | −$311.2M2020 | −$3.9M2025 | — | |
| Cash & short-term investments | $60.5M2020 | $13.2M2025 | −26.3%/yr | |
| Total debt | $10.6M2020 | $27.5M2025 | +21.0%/yr | |
| Net cash (debt) | $49.9M2020 | −$14.3M2025 | −$64.2M | |
| Working capital | $61.4M2020 | $12.0M2025 | −$49.4M | |
| Current ratio | 5.042020 | 1.432025 | −3.61 | |
| Debt / equity | 0.042021 | 6.092024 | +6.05 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
LNZA assets
LNZA liabilities and equity
LNZA debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
LNZA balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Cash & short-term investments | $13.2M | $55.9M | $121.4M | $83.0M | $343,399 | $60.5M |
| Cash & equivalents | $13.2M | $43.5M | $76.3M | $83.0M | $343,399 | $60.5M |
| Short-term investments | $0 | $12.4M | $45.2M | $0 | — | — |
| Receivables | $16.1M | $28.4M | $39.4M | $29.7M | $14.6M | $11.7M |
| Inventory | $3.1M | $5.7M | $5.3M | $4.2M | $2.9M | $2.0M |
| Other current assets | $7.3M | $9.3M | $6.5M | $7.0M | $0 | $2.4M |
| Total current assets | $39.7M | $99.3M | $172.7M | $123.9M | $680,933 | $76.6M |
| Property, plant & equipment (net) | $31.5M | $49.1M | $41.1M | $26.7M | $18.8M | $18.0M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $28.3M | $19.4M | $22.1M | $25.6M | $24.8M | $23.2M |
| Other non-current assets | $751,000 | $6.9M | $5.7M | $750,000 | $106.6M | $1.2M |
| Total assets | $100.2M | $174.7M | $241.6M | $176.9M | $150.9M | $119.0M |
| Liabilities | ||||||
| Accounts payable | $10.9M | $5.3M | $4.1M | $7.5M | $85,534 | $1.1M |
| Short-term debt | $176,000 | $158,000 | $126,000 | $798,000 | $2.0M | $2.2M |
| Deferred revenue | $423,000 | $6.2M | $3.2M | $3.1M | $3.5M | $5.5M |
| Total current liabilities | $27.7M | $30.4M | $27.8M | $56.0M | $751,356 | $15.2M |
| Long-term debt | $10.9M | $51.1M | $0 | $0 | $0 | $3.1M |
| Lease obligations | $16.6M | $30.8M | $19.9M | $7.4M | $5.3M | $7.0M |
| Other long-term liabilities | $65.5M | $79.7M | $99.4M | $549.6M | $10.9M | $411.9M |
| Total liabilities | $104.1M | $161.2M | $127.2M | $605.6M | $11.6M | $430.2M |
| Shareholders' equity | ||||||
| Common stock & paid-in capital | $23,000 | $19,000 | $19,000 | $1,000 | $150.0M | — |
| Retained earnings (deficit) | −$1.02B | −$969.6M | −$831.9M | −$456.2M | −$10.7M | −$333.2M |
| Accumulated other comprehensive income | $1.4M | $1.4M | $2.4M | $2.7M | $3.3M | $3.2M |
| Total shareholders' equity | −$3.9M | $13.4M | $114.5M | −$428.7M | $139.3M | −$311.2M |
| Key figures | ||||||
| Total debt | $27.5M | $81.9M | $19.9M | $7.4M | $5.3M | $10.6M |
| Net cash (debt) | −$14.3M | −$26.0M | $101.5M | $75.6M | −$5.0M | $49.9M |
| Working capital | $12.0M | $68.9M | $144.9M | $67.9M | −$70,423 | $61.4M |
| Tangible book value | −$3.9M | $13.4M | $114.5M | −$428.7M | $139.3M | −$311.2M |
| Book value per share | — | — | $6.50 | — | — | — |
| Shares outstanding | — | — | 17.6M | — | — | — |
| Current ratio | 1.43 | 3.26 | 6.22 | 2.21 | 0.91 | 5.04 |
| Quick ratio | 1.05 | 2.77 | 5.79 | 2.01 | 19.86 | 4.75 |
| Debt / equity | — | 6.09 | 0.17 | — | 0.04 | — |
| Equity / assets | −3.9% | 7.7% | 47.4% | −242.4% | 92.3% | −261.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $45.0M | $19.9M | $13.2M | $19.6M | $37.4M | $21.2M | $55.9M | $86.9M | $75.1M | $91.6M | $120.7M | $126.4M |
| Cash & equivalents | $45.0M | $19.9M | $13.2M | $19.6M | $37.4M | $13.8M | $43.5M | $58.7M | $62.2M | $56.7M | $75.6M | $91.4M |
| Short-term investments | — | — | $0 | $0 | $0 | $7.4M | $12.4M | $28.1M | $12.9M | $34.8M | $45.2M | $35.0M |
| Receivables | $9.6M | $17.2M | $16.1M | $18.0M | $15.1M | $22.3M | $9.5M | $33.8M | $35.3M | $39.8M | $39.4M | $34.4M |
| Inventory | $0 | $0 | $3.1M | $0 | $0 | $0 | $5.7M | $0 | $0 | $1 | $5.3M | $673,000 |
| Other current assets | $14.7M | $10.9M | $7.3M | $13.0M | $13.7M | $14.2M | $28.3M | $16.0M | $14.7M | $15.5M | $7.2M | $16.0M |
| Total current assets | $69.2M | $48.0M | $39.7M | $50.6M | $66.2M | $57.7M | $99.3M | $136.6M | $125.0M | $146.9M | $172.7M | $177.5M |
| Property, plant & equipment (net) | $29.7M | $30.3M | $31.5M | $32.8M | $34.2M | $48.7M | $49.1M | $47.8M | $49.4M | $40.4M | $41.1M | $28.8M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $223.1M | $26.3M | $28.3M | $15.0M | $15.0M | $15.0M | $19.4M | $25.8M | $31.6M | $21.3M | $22.1M | $34.4M |
| Other non-current assets | $626,000 | $671,000 | $751,000 | $830,000 | $910,000 | $4.5M | $6.9M | $6.0M | $5.9M | $5.8M | $5.7M | $5.7M |
| Total assets | $322.7M | $105.2M | $100.2M | $99.3M | $116.3M | $125.8M | $174.7M | $216.2M | $211.9M | $214.5M | $241.6M | $246.3M |
| Liabilities | ||||||||||||
| Accounts payable | $7.3M | $10.4M | $10.9M | $6.2M | $3.9M | $6.4M | $5.3M | $3.1M | $4.0M | $2.1M | $4.1M | $5.8M |
| Short-term debt | $385,000 | $354,000 | $176,000 | $169,000 | $170,000 | $166,000 | — | $158,000 | $156,000 | $128,000 | $126,000 | $2.0M |
| Deferred revenue | $5.9M | $740,000 | $423,000 | $2.0M | $3.5M | $5.3M | — | $6.4M | $6.0M | $3.8M | $3.2M | $3.1M |
| Total current liabilities | $27.9M | $24.4M | $27.7M | $24.8M | $55.8M | $26.5M | $30.4M | $46.9M | $28.4M | $21.3M | $27.8M | $33.7M |
| Long-term debt | $12.7M | $11.0M | $10.9M | $13.3M | $19.4M | $34.4M | $51.1M | $61.6M | $0 | $0 | $0 | $0 |
| Lease obligations | $16.1M | $16.3M | $16.6M | $16.7M | $16.8M | $30.3M | $30.8M | $29.0M | $29.4M | $19.5M | $19.9M | $7.2M |
| Other long-term liabilities | $21.4M | $21.7M | $65.5M | $66.1M | $66.2M | $66.1M | $79.7M | $94.1M | $116.0M | $101.4M | $99.4M | $84.1M |
| Total liabilities | $62.1M | $57.1M | $104.1M | $104.3M | $141.5M | $127.0M | $161.2M | $202.6M | $144.3M | $122.7M | $127.2M | $117.9M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $23,000 | $23,000 | $23,000 | $23,000 | $23,000 | $19,000 | — | $19,000 | $19,000 | $19,000 | $19,000 | $19,000 |
| Retained earnings (deficit) | −$848.9M | −$1.03B | −$1.02B | −$1.02B | −$1.02B | −$988.8M | −$969.6M | −$942.6M | −$885.2M | −$857.4M | −$831.9M | −$813.2M |
| Accumulated other comprehensive income | $828,000 | $1.4M | $1.4M | $1.6M | $1.7M | $3.6M | — | $2.2M | $2.2M | $2.4M | $2.4M | $1.8M |
| Total shareholders' equity | $260.6M | $48.1M | −$3.9M | −$5.0M | −$25.2M | −$1.2M | $13.4M | $13.6M | $67.5M | $91.8M | $114.5M | $128.5M |
| Key figures | ||||||||||||
| Total debt | $28.8M | $27.3M | $27.5M | $30.0M | $36.2M | $64.7M | $51.1M | $90.5M | $29.4M | $19.5M | $19.9M | $7.2M |
| Net cash (debt) | $16.2M | −$7.5M | −$14.3M | −$10.4M | $1.1M | −$43.5M | $4.8M | −$3.7M | $45.7M | $72.1M | $100.8M | $119.2M |
| Working capital | $41.3M | $23.5M | $12.0M | $25.8M | $10.3M | $31.2M | $68.9M | $89.7M | $96.6M | $125.6M | $144.9M | $143.7M |
| Tangible book value | $260.6M | $48.1M | −$3.9M | −$5.0M | −$25.2M | −$1.2M | $13.4M | $13.6M | $67.5M | $91.8M | $114.5M | $128.5M |
| Book value per share | — | — | — | −$1.87 | — | — | — | — | — | — | — | — |
| Shares outstanding | — | — | — | 2.7M | — | — | — | — | — | — | — | — |
| Current ratio | 2.48 | 1.96 | 1.43 | 2.04 | 1.19 | 2.17 | 3.26 | 2.91 | 4.40 | 6.89 | 6.22 | 5.26 |
| Quick ratio | 1.96 | 1.52 | 1.05 | 1.52 | 0.94 | 1.64 | 2.15 | 2.57 | 3.89 | 6.16 | 5.76 | 4.77 |
| Debt / equity | 0.11 | 0.57 | — | — | — | — | 3.80 | 6.66 | 0.44 | 0.21 | 0.17 | 0.06 |
| Equity / assets | 80.8% | 45.7% | −3.9% | −5.0% | −21.7% | −0.9% | 7.7% | 6.3% | 31.9% | 42.8% | 47.4% | 52.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 31, 2026); data from EODHD.
LNZA financial position
At the end of fiscal 2025 (December 31, 2025), LanzaTech Global had total assets of $100.2 million (down 42.6% from a year earlier), total liabilities of $104.1 million and shareholders' equity of -$3.9 million. It held $13.2 million in cash and short-term investments against $27.5 million of debt, net debt of $14.3 million. Its current ratio was 1.43. In the latest quarter (ended June 30, 2026) total assets were $322.7 million and equity $260.6 million.
Related: LNZA income statement, LNZA cash flow statement, LNZA key metrics. See the LNZA stock overview for the latest quote and news.
LNZA balance sheet FAQ
What are LanzaTech Global's total assets?
LanzaTech Global reported total assets of $100.2 million at the end of fiscal 2025 (December 31, 2025), compared with $174.7 million a year earlier.
How much debt does LanzaTech Global have?
LanzaTech Global had $27.5 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was —.
How much cash does LanzaTech Global have?
LanzaTech Global held $13.2 million in cash and short-term investments at the end of fiscal 2025; with $27.5 million of debt that is net debt of $14.3 million.
What is LanzaTech Global's book value?
LanzaTech Global's shareholders' equity (book value) was -$3.9 million at the end of fiscal 2025.
What is LanzaTech Global's current ratio?
LanzaTech Global had current assets of $39.7 million and current liabilities of $27.7 million, a current ratio of 1.43 (it can cover its short-term obligations).