Q2 revenue was broadly flat at $9 million, but operating expenses fell 67% to $11.7 million, narrowing the adjusted EBITDA loss to $7.6 million from $29.7 million a year earlier. LanzaTech is advancing ISCC EU certification for its China-produced ethanol, which could open European and U.K. regulated fuel markets and support stronger demand and pricing as early as the fourth quarter. The company ended June with $45 million in cash and reinstated 2026 guidance for $50 million–$55 million of revenue, a $22 million–$26 million adjusted EBITDA loss and $51 million–$55 million of operating expenses.
LanzaTech Global (NASDAQ:LNZA) reported second-quarter 2026 revenue that was broadly flat from a year earlier, while sharply lower operating expenses helped narrow its adjusted EBITDA loss as the company continues shifting from an R&D-led model toward project development and commercialization. The company reported second-quarter revenue of $9 million, compared with $9.1 million in the same quarter of 2025. Operating expenses declined 67% to $11.7 million from $35.1 million, while adjusted EBITDA loss narrowed to $7.6 million from a loss of $29.7 million a year earlier. → Lumentum Just Delivered the AI Growth Investors Wanted Chief Executive Officer Jennifer Holmgren said the quarterly results reflected "a meaningful transformation in the business," citing more stable revenue, a reduced operating expense base and improved adjusted EBITDA.
She said LanzaTech has reduced headcount, renegotiated contracts and redirected spending toward commercialization priorities. For the second quarter, LanzaTech recorded $3.9 million in biorefining revenue, $1.3 million from joint development and contract research, and $3.8 million in CarbonSmart product revenue. → AST SpaceMobile Earnings Just Reminded Investors How Risky Space Can Be Biorefining revenue increased from $2.9 million in the prior-year period, driven by higher engineering and other services revenue. Joint development and contract research revenue declined from $2.3 million as projects with existing customers were completed.
CarbonSmart product revenue was essentially unchanged year over year. Cost of revenue rose to $7.2 million from $6.2 million, primarily due to higher engineering and services costs and a modest increase in costs tied to CarbonSmart product sales. Gross profit was $1.8 million, producing an approximately 20% gross margin, compared with gross profit of $2.9 million in the prior-year quarter. → Joby's Defense Pivot Accelerates With $500M Resonant Sciences Deal For the first six months of 2026, total revenue increased 13% to $21 million from $18.6 million.
First-half gross profit was $5.6 million, or a 26% gross margin, compared with $4.8 million in the year-earlier period. Research and development expense fell to $2 million in the second quarter from $14.9 million a year earlier, while selling, general and administrative expense declined to $8.8 million from $19.1 million. Chief Financial Officer Sushmita Koyanagi attributed the reductions to workforce cuts, lower contractor and external R&D spending, lower legal and professional fees, and reduced facilities-related costs.
Management emphasized progress toward ISCC EU certification for recycled carbon fuels at its China facility. Holmgren said the certification process is intended to enable the company's CarbonSmart ethanol to be sold into European regulated aviation, road transportation and marine fuel markets, as well as the U.K. market, where the certification is recognized by the Department for Transport. LanzaTech is in active negotiations for what it expects to be its first sale of ISCC EU-certified ethanol, timed with completion of the certification process, Holmgren said.
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