- Closed $20M common-stock sale in Jan (including new investor SiteGround) and received $10M in May from LanzaTech Global SPV, LLC, with rights to require up to an additional $20M through May 2027.
- Commercial project progress: awarded contract to build a 24K MTA sugarcane‑bagasse ethanol plant in India, selected px Saltend for the UK Dragon II SAF project, and Japan 1/10th MSW‑to‑ethanol facility exceeded guaranteed ethanol yields from MSW‑derived syngas.
- Q1 results: revenue $12.0M, net loss $14.7M, Adjusted EBITDA loss $7.9M, operating expenses down 59% to $13.5M, and cash/restricted cash $23.8M as of March 31, 2026.
Financing and liquidity
In January 2026 LanzaTech closed a $20.0M common-stock sale (including new investor SiteGround) and in May 2026 received $10.0M from LanzaTech Global SPV, LLC, with both parties holding rights to require up to an additional $20.0M of common stock through May 2027 subject to conditions; management concluded these capital raises plus cost-reduction plans alleviate prior going-concern doubt. Cash and restricted cash were $23.8M as of March 31, 2026 (vs. $17.1M total cash/restricted cash/investments at Dec 31, 2025).
Operational milestones
Won a contract with Spray Engineering Devices Ltd. to build a commercial-scale 24K MTA ethanol plant in India using sugarcane bagasse; selected px Saltend Chemicals Park in the UK as the site for the Dragon II SAF project; and the 1/10th commercial municipal solid waste (MSW) to ethanol facility in Japan achieved ethanol yields above guaranteed performance from unsorted, non-recyclable MSW-derived syngas. Separately, LanzaJet completed a Series A preferred transaction raising $47M in new capital with a first close at a $650M pre-money valuation, reducing LanzaTech’s ownership of LanzaJet common stock to approximately 46%.
Financial results
Q1 2026 revenue was $12.0M (Q1 2025: $9.5M); cost of revenue $8.3M (7.5); operating expenses $13.5M (33.0), reflecting headcount reductions and other cost optimization; net loss $14.7M (19.2); Adjusted EBITDA loss $7.9M (30.5). Revenue growth was driven mainly by a $4.6M increase in engineering and services revenue, partially offset by declines in JDA, sublicensing, contract research and product sales.
