Revenue: As of FY2026 Q1, the actual value is USD 12.02 M, missing the estimate of USD 12.1 M.EPS: As of FY2026 Q1, the actual value is USD -1.77, beating the estimate of USD -2.88.EBIT: As of FY2026 Q1, the actual value is USD -9.915 M.<h4>Financial Performance Overview</h4>LanzaTech Global, Inc. reported a total revenue of $12.0 million for the first quarter of 2026, an increase from $9.5 million in the first quarter of 2025. The company’s net loss decreased to - $14.7 million in Q1 2026, compared to a net loss of - $19.2 million in Q1 2025. The Adjusted EBITDA loss also significantly decreased to - $7.9 million in Q1 2026, from - $30.5 million in Q1 2025, reflecting progress in operating performance and cost optimization.<h4>Revenue by Segment</h4><ul><li>Contracts with customers and grants revenue was $7.3 million in Q1 2026, up from $3.1 million in Q1 2025, primarily driven by a $4.6 million rise in engineering and other services revenue due to new projects.</li><li>CarbonSmart product sales generated $4.1 million in Q1 2026, a slight decrease from $4.2 million in Q1 2025.</li><li>Collaborative arrangements revenue was - $0 million in Q1 2026, down from $1.1 million in Q1 2025, reflecting project completions.</li><li>Related party transactions revenue was $0.7 million in Q1 2026, down from $1.2 million in Q1 2025, primarily due to a reduction in licensing revenue from LanzaJet.</li></ul><h4>Operational Costs</h4><ul><li>Cost of revenue was $8.3 million in Q1 2026, an increase from $7.5 million in Q1 2025, primarily due to a $1.7 million increase in engineering and other services revenue consistent with higher production and sales volumes, partially offset by decreases in costs related to JDAs, contract research activities, and CarbonSmart product sales.</li><li>Operating expenses declined by 59% quarter-over-quarter to $13.5 million in Q1 2026, from $33.0 million in Q1 2025, a result of headcount reductions and cost optimization initiatives implemented in 2025.</li><li>Research and development expense decreased to $4.0 million in Q1 2026 from $16.5 million in Q1 2025.</li><li>Selling, general and administrative expense decreased to $8.6 million in Q1 2026 from $15.7 million in Q1 2025.</li></ul><h4>Cash Flow and Liquidity</h4><ul><li>Net cash used in operating activities was - $9.3 million for Q1 2026, an improvement from - $21.1 million for Q1 2025.</li><li>Net cash used in investing activities was - $2.0 million for Q1 2026, compared to $4.3 million provided by investing activities in Q1 2025.</li><li>Net cash provided by financing activities was $18.0 million for Q1 2026, compared to - $12.5 million used in financing activities in Q1 2025, primarily driven by $20.0 million in proceeds from the issuance of common stock.</li><li>As of March 31, 2026, LanzaTech Global, Inc. had $23.8 million in total cash and restricted cash, an increase from $17.1 million as of December 31, 2025.</li></ul><h4>Capital Raises and Strategic Developments</h4><ul><li>In January 2026, LanzaTech Global, Inc. completed a private placement financing, raising $20.0 million in gross proceeds.</li><li>An additional $10 million in gross proceeds was received in May 2026 through the issuance of common stock, with a potential for up to an additional $20 million through May 2027.</li><li>These capital raises, combined with ongoing business optimization and cost reduction plans, have alleviated substantial doubt about the company’s ability to continue as a going concern for the next twelve months.</li><li>LanzaTech Global, Inc. was awarded a contract to build a commercial-scale 24K MTA advanced biofuel plant in India using sugarcane bagasse.</li><li>The company announced the selection of px Saltend Chemicals Park in the UK as the site for its Dragon II project.</li><li>The Japan MSW-Ethanol plant achieved guaranteed performance, demonstrating continuous ethanol production from unsorted, non-recyclable MSW-derived syngas, with a potential total addressable market for converting global municipal solid waste into sustainable aviation fuel of approximately $300 billion annually.</li><li>LanzaTech Global, Inc.’s ownership interest in LanzaJet Common Stock was reduced to approximately 46% following LanzaJet’s Series A Preferred Stock Purchase and Exchange Agreement.</li></ul><h4>Outlook</h4>LanzaTech Global, Inc.’s management stated that its transformation strategy is delivering measurable financial results, with restructuring initiatives driving a 59% reduction in operating expenses in Q1 2026 compared to Q1 2025. The company continues to advance strategic initiatives, including achieving guaranteed performance with municipal solid waste in Japan and progressing its UK and India projects. Successful capital raises for both LanzaTech Global, Inc. and LanzaJet have strengthened the company’s financial position, demonstrating continued momentum towards long-term growth.

LanzaTech Global | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 12.02 M