LanzaTech Global Inc
LNZAIndustrials·Waste Management·USA·Micro·NASD·Nov 10 • 3:59 PM ET
4.260.00 (0.00%)
2026-11-11 14:32 CET
Market cap
55.76 USD m
Revenue, TTM
58.31 USD m
Net income, TTM
172.18 USD m
Free cash flow, TTM
-33.80 USD m
EPS diluted, TTM
14.98
P/E
0.28
Price
LNZA against its 20, 50 and 200-day averages2050200beat
90.3% under 44.00 on 15 Apr 2026. Last 15 sessions, 37.8% high to low
Profile
LNZA52-week range, 0% of the way up
4.1044.00
LanzaTech Global, Inc. engages in the provision of nature-based carbon refining that transforms waste carbon into chemical building blocks for consumer goods such as sustainable fuels, fabrics, and packaging. The company was founded in 2005 and is headquartered in Skokie, IL.
| Index | RUT |
|---|---|
| Employees | 192 |
| IPO | Sep 24, 2021 |
| Beta | 1.42 |
| ATR, 14d | 0.42 |
| Rel volume | 0.00 |
| Short float | 4.86% |
| Insider own | 27.44% |
| Inst own | 17.91% |
Snapshot
6 groupsValuation
| Index | RUT |
|---|---|
| Market Cap | 55.76M |
| Enterprise Value | 35.66M |
| Income | 172.18M |
| Sales | 58.31M |
| Book/sh | 19.91 |
| Cash/sh | 3.74 |
| Dividend Est. | - |
| Dividend TTM | - |
| Dividend Ex-Date | - |
| Dividend Gr. 3/5Y | - - |
| Payout | - |
| Employees | 192 |
| IPO | Sep 24, 2021 |
Ratios
| P/E | 0.28 |
|---|---|
| Forward P/E | - |
| PEG | - |
| P/S | 0.96 |
| P/B | 0.21 |
| P/C | 1.14 |
| P/FCF | - |
| EV/EBITDA | - |
| EV/Sales | 0.61 |
| Quick Ratio | 2.48 |
| Current Ratio | 2.48 |
| Debt/Eq | 0.11 |
| LT Debt/Eq | 0.11 |
| Option/Short | Yes / Yes |
Earnings
| EPS (ttm) | 14.98 |
|---|---|
| EPS next Y | - |
| EPS next Q | - |
| EPS this Y | - |
| EPS next Y | - |
| EPS next 5Y | - |
| EPS past 3/5Y | 73.79% - |
| Sales past 3/5Y | 14.36% - |
| EPS Y/Y TTM | 122.39% |
| Sales Y/Y TTM | 43.84% |
| EPS Q/Q | 206.09% |
| Sales Q/Q | -0.77% |
| Earnings | Nov 16 BMO |
| EPS/Sales Surpr. | 2180.26% -31.19% |
Ownership
| Insider Own | 27.44% |
|---|---|
| Insider Trans | 0.00% |
| Inst Own | 17.91% |
| Inst Trans | 64.28% |
| ROA | 78.55% |
| ROE | 138.69% |
| ROIC | 59.64% |
| Gross Margin | 37.24% |
| Oper. Margin | -60.96% |
| Profit Margin | 295.27% |
| SMA20 | -13.39% |
| SMA50 | -23.34% |
| SMA200 | -58.94% |
| Trades | - |
Technical
| Shs Outstand | 13.09M |
|---|---|
| Shs Float | 9.50M |
| Short Float | 4.86% |
| Short Ratio | 7.28 |
| Short Interest | 0.46M |
| 52W High | 44.00 -90.32% |
| 52W Low | 4.10 3.90% |
| Volatility | 8.65% 9.65% |
| ATR (14) | 0.42 |
| RSI (14) | 34.74 |
| Beta | 1.42 |
| Rel Volume | 0.00 |
| Avg Volume | 63.35K |
| Volume | 0 |
Performance
| Perf Week | -16.14% |
|---|---|
| Perf Month | -30.16% |
| Perf Quarter | -29.59% |
| Perf Half Y | -79.46% |
| Perf YTD | -69.04% |
| Perf Year | -75.36% |
| Perf 3Y | -98.89% |
| Perf 5Y | -99.56% |
| Perf 10Y | - |
| Recom | 3.00 |
| Target Price | 15.00 |
| Prev Close | 4.26 |
| Price | 4.26 |
| Change % | 0.00% |
Analyst ratings
latest 5 of 5| Date | Action | Analyst | Rating change | Target | Implied |
|---|---|---|---|---|---|
| Mar 13, 2025 | Downgrade | JJanney | Buy → Neutral | ||
| May 07, 2024 | Initiated | TTD Cowen | Hold | $3 | -29.6% |
| Mar 15, 2024 | Initiated | SSeaport Research Partners | Buy | $5 | +17.4% |
| Dec 28, 2023 | Initiated | JJanney | Buy | $10 | +134.7% |
| May 12, 2023 | Initiated | RROTH MKM | Buy | $8 | +87.8% |
Peers
Mkt cap| Ticker | Company | Mkt cap |
|---|---|---|
| GEVO | Gevo Inc | 407.94M |
| AMTX | Aemetis Inc | 116.58M |
| PCT | PureCycle Technologies Inc | 438.18M |
| ABAT | American Battery Technology Company | 193.86M |
| NVRI | Enviri Corp | 711.86M |
| PESI | Perma-Fix Environmental Services Inc | 339.59M |
| ARQ | Arq Inc | 124.62M |
| CLH | Clean Harbors Inc | 15.27B |
| AQMS | Aqua Metals Inc | 4.95M |
| CECO | Ceco Environmental Corp | 3.31B |
Insider trading
1 filings| Insider | Relationship | Date | Transaction | Cost | Shares | Value | Total held | Form |
|---|---|---|---|---|---|---|---|---|
| Guardians of New Zealand Super | 10% Owner | Jan 21 '26 | Buy | 5.00 | 860,000 | 4,300,000 | 1,192,634 | Feb 18 08:17 PM |
Held by
AUM| Ticker | Company | AUM |
|---|---|---|
| VTI | Vanguard Morningstar Total Stock Market ETF | AUM: 689.41B |
| VXF | Vanguard Extended Market Index ETF | AUM: 30.61B |
| IWO | iShares Russell 2000 Growth ETF | AUM: 14.20B |
| VTWO | Vanguard Russell 2000 Index ETF | AUM: 16.97B |
| IWC | iShares Micro-Cap ETF | AUM: 1.23B |
| VTWG | Vanguard Russell 2000 Growth Index ETF | AUM: 1.44B |
| AVSC | Avantis U.S Small Cap Equity ETF | AUM: 3.25B |
| DXUV | US Vector Equity Portfolio ETF Class Shares | AUM: 666.18M |
| RSSL | Global X Russell 2000 ETF | AUM: 1.44B |
| ITWO | ProShares Russell 2000 High Income ETF | AUM: 179.34M |
News
latest 14 of 206- LanzaTech Announces Date for Third Quarter 2026 Earnings Release and Conference Call (GlobeNewswire) +7.72%
- Hebei Shoulang Facility Using LanzaTech Technology Achieves World's First ISCC EU RCF Certi?cation for Ethanol Produced from Steel Mill Waste Gases (GlobeNewswire)
- LanzaJet Secures Financing to Scale SAF Production and Supply Global Customers (GlobeNewswire)
- LanzaTech Global Inc. CEO Dr. Jennifer Holmgren featured on Water Tower Research Small-Cap Spotlight Podcast (GlobeNewswire)
- LanzaTech Reports Second Quarter 2026 Financial Results (GlobeNewswire)
- Loading…
- LanzaTech Announces Inclusion in the Russell 3000 Index (GlobeNewswire) +11.25%
- LanzaTech JV raises about $75M in Hong Kong IPO (Proactive) +28.26%
- LanzaTech JV Successful IPO Underscores Strategic Value of More Secure Fuel Supply (GlobeNewswire)
- LanzaTech Announces Date for Second Quarter 2026 Earnings Release and Conference Call (GlobeNewswire) -7.09%
- D. Boral Capital Acted as Exclusive Placement Agent to LanzaTech Global, Inc. (Nasdaq:LNZA) in Connection with its $20,000,000 Registered Direct Offering (ACCESSWIRE) -7.26%
- LanzaTech Announces $20 Million Registered Direct Offering of Common Stock (GlobeNewswire) -43.27%
- LanzaTech Reports First Quarter 2026 Financial Results (GlobeNewswire) -5.98%
- LanzaTech (LNZA) Chooses Ghent for Europes First Commercial Alcohol-to-Jet Fuel Facility (InvestorsHub) -14.50%
Quarterly earnings
actual against estimate| Period | Reported | EPS act | EPS est | EPS rep | Sales act | Sales est | Analysts |
|---|---|---|---|---|---|---|---|
| 2026Q2 | 2026-08-14 | 15.810 | -0.760 | -0.030 | 9.01 | 13.10 | 1 |
| 2026Q1 | 2026-05-14 | -1.770 | -2.880 | -1.774 | 12.02 | 12.10 | 1 |
| 2025Q4 | 2026-03-31 | -0.040 | -6.470 | -0.036 | 28.00 | 12.20 | 1 |
| 2025Q3 | 2025-11-19 | 0.990 | -12.420 | 0.989 | 9.28 | 10.20 | 1 |
| 2025Q2 | 2025-08-19 | -15.000 | -15.000 | -14.899 | 9.08 | 9.00 | 1 |
| 2025Q1 | 2025-05-19 | -10.000 | -15.000 | -9.785 | 9.48 | 23.10 | 1 |
| 2024Q4 | 2025-04-15 | -14.000 | -13.500 | -13.849 | 12.00 | 21.50 | 2 |
| 2024Q3 | 2024-11-08 | -29.000 | -11.750 | -29.039 | 9.94 | 17.94 | 4 |
| 2024Q2 | 2024-08-08 | -14.000 | -11.750 | -14.058 | 17.38 | 14.11 | 4 |
| 2024Q1 | 2024-05-09 | -13.000 | -12.500 | -12.950 | 10.24 | 11.25 | 4 |
| 2023Q4 | 2024-02-28 | 6.000 | -9.500 | -9.496 | 20.50 | 36.50 | 2 |
| 2023Q3 | 2023-11-09 | -13.000 | -12.000 | -12.930 | 19.61 | 21.50 | 1 |
| 2023Q2 | 2023-08-09 | -14.000 | -13.000 | -13.699 | 12.90 | 14.50 | 1 |
| 2023Q1 | 2023-05-15 | -58.000 | -13.000 | -57.864 | 9.65 | 11.50 | 1 |
| 2026Q3 | - | - | -0.810 | - | - | 13.90 | 1 |
| 2026Q4 | - | - | -0.940 | - | - | 15.20 | 1 |
Annual earnings
| Period | EPS act | EPS est | EPS rep | Sales act | Sales est |
|---|---|---|---|---|---|
| 2022FY | -58.000 | - | -1,237 | 37.34 | - |
| 2023FY | -79.000 | -65.000 | -78.521 | 62.63 | 78.60 |
| 2024FY | -70.000 | -62.500 | -69.709 | 49.60 | 58.80 |
| 2025FY | -22.270 | -12.740 | 0.800 | 55.85 | 40.00 |
| 2026FY | - | -3.730 | - | - | 54.20 |
Estimate revisions
last 14 periods| Period | Type | Date | Estimates | Up | Down | Mean | Low | High |
|---|---|---|---|---|---|---|---|---|
| 2026Q3 | S | 2026-07-28 | 1 | 0 | 0 | 13.90 | 13.90 | 13.90 |
| 2026Q3 | S | 2026-05-14 | 1 | 0 | 1 | 13.90 | 13.90 | 13.90 |
| 2026Q3 | S | 2026-04-01 | 1 | 0 | 0 | 14.10 | 14.10 | 14.10 |
| 2026Q3 | R | 2026-07-28 | 1 | 0 | 0 | -0.81 | -0.81 | -0.81 |
| 2026Q3 | R | 2026-05-14 | 1 | 1 | 0 | -0.81 | -0.81 | -0.81 |
| 2026Q3 | R | 2026-04-01 | 1 | 0 | 0 | -1.51 | -1.51 | -1.51 |
| 2026Q3 | E | 2026-07-28 | 1 | 0 | 0 | -0.81 | -0.81 | -0.81 |
| 2026Q3 | E | 2026-05-14 | 1 | 1 | 0 | -0.81 | -0.81 | -0.81 |
| 2026Q3 | E | 2026-04-01 | 1 | 0 | 0 | -1.51 | -1.51 | -1.51 |
| 2026Q2 | S | 2026-07-28 | 1 | 0 | 0 | 13.10 | 13.10 | 13.10 |
| 2026Q2 | S | 2026-05-14 | 1 | 1 | 0 | 13.10 | 13.10 | 13.10 |
| 2026Q2 | S | 2026-04-01 | 1 | 0 | 0 | 12.60 | 12.60 | 12.60 |
| 2026Q2 | R | 2026-07-28 | 1 | 0 | 0 | -0.76 | -0.76 | -0.76 |
| 2026Q2 | R | 2026-05-14 | 1 | 1 | 0 | -0.76 | -0.76 | -0.76 |
Estimate history
| EPS, annual | 0.249 | -1236.584 | -78.521 | -69.709 | -22.271 | 14.9842 | |||
|---|---|---|---|---|---|---|---|---|---|
| Period | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | |||
| EPS, quarterly | -14.058 | -29.039 | -13.849 | -9.785 | -14.899 | 0.989 | -0.036 | -1.774 | 15.806 |
| Period | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
| Sales, annual | 0 | 37.343 | 62.631 | 49.592 | 55.845 | 58.31 | |||
| Period | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | |||
| Sales, quarterly | 17.375 | 9.943 | 12.03 | 9.483 | 9.084 | 9.279 | 27.999 | 12.02 | 9.014 |
| Period | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
| Shares, annual | 0.188 | 0.104 | 1.966 | 1.949 | 2.321 | 13.089 | |||
| Period | 2021 | 2022 | 2023 | 2024 | 2025 | MRQ | |||
| Shares, quarterly | 1.978 | 1.978 | 1.949 | 1.979 | 2.32 | 2.32 | 2.321 | 10.089 | 13.089 |
| Period | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
Income statement, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY |
|---|---|---|---|---|---|---|
| Total Revenue | 58.31 | 55.84 | 49.59 | 62.63 | 37.34 | 0.00 |
| Cost of Goods Sold Incl. D&A | 36.60 | 34.77 | 31.54 | 50.43 | 32.95 | 0.00 |
| Gross Profit | 21.71 | 21.07 | 18.05 | 12.20 | 4.40 | 0.00 |
| Selling, General and Administrative Excl. Other | 57.26 | 100.23 | 126.99 | 118.58 | 80.00 | 1.00 |
| Research and Development | 27.73 | 53.18 | 77.01 | 68.14 | 53.19 | - |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.39 |
| Operating Income | -35.55 | -79.16 | -108.93 | -106.38 | -75.60 | -1.39 |
| Interest Expense | - | - | - | 0.00 | 0.00 | 0.00 |
| Unusual Expense | -228.92 | -49.24 | 20.06 | 29.05 | 1.95 | -1.43 |
| Net Income Before Taxes | 192.55 | -36.40 | -123.50 | -131.20 | -78.35 | 0.05 |
| Income Taxes | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Consolidated Net Income | 172.40 | -48.95 | -137.73 | -134.10 | -76.36 | 0.05 |
| Net Income From Continuing Operations | 172.40 | -48.95 | -137.73 | -134.10 | -76.36 | 0.05 |
| Net Income | 172.18 | -48.95 | -137.73 | -138.22 | -115.03 | 0.05 |
| EPS (Recurring) | 1.02 | -37.95 | -62.60 | -66.97 | -1,221.92 | -5.08 |
| EPS (Basic, Before Extraordinaries) | 15.13 | -22.27 | -69.71 | -78.52 | -1,236.58 | 0.25 |
| EPS (Diluted) | 14.98 | -22.27 | -69.71 | -78.52 | -1,236.58 | 0.25 |
| EBITDA | -31.25 | -74.93 | -103.37 | -100.93 | -70.94 | -1.39 |
| Non-Operating Income (Expense) | -0.83 | -6.49 | 5.50 | 4.24 | -0.80 | 0.01 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | - | 7.28 | 13.45 | 14.96 | 2.53 | - |
| Price To Earnings Ratio | 0.28 | 0.28 | - | - | 294.57 | 3,848.61 |
| Price To Sales Ratio | 1.36 | 0.54 | 5.46 | 14.14 | 2.49 | - |
| Gross Margin | 37.24 | 37.74 | 36.41 | 19.48 | 11.77 | - |
| Operating Margin | -60.96 | -141.74 | -219.66 | -169.85 | -202.44 | - |
| Net Margin | 295.27 | -87.66 | -277.73 | -220.68 | -308.03 | - |
| Shares Outstanding | 13.09 | 2.32 | 1.95 | 1.97 | 0.10 | 0.19 |
| Market Capitalization | 55.76 | 55.76 | 267.03 | 986.16 | 187.12 | 181.12 |
Income statement, quarterly
| Metric | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 | 2024Q4 | 2024Q3 |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | 9.01 | 12.02 | 28.00 | 9.28 | 9.08 | 9.48 | 12.03 | 9.94 |
| Cost of Goods Sold Incl. D&A | 8.17 | 9.23 | 11.25 | 7.94 | 7.28 | 8.29 | 6.85 | 9.44 |
| Gross Profit | 0.84 | 2.79 | 16.75 | 1.34 | 1.80 | 1.19 | 5.18 | 0.50 |
| Selling, General and Administrative Excl. Other | 10.71 | 12.60 | 16.95 | 17.00 | 34.04 | 32.24 | 32.20 | 33.46 |
| Research and Development | 1.96 | 4.01 | 11.50 | 10.26 | 14.94 | 16.49 | 16.46 | 22.01 |
| Other Operating Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Income | -9.87 | -9.81 | -0.20 | -15.66 | -32.24 | -31.05 | -27.02 | -32.96 |
| Unusual Expense | -208.20 | 0.10 | -2.43 | -18.38 | -3.42 | -36.44 | -6.84 | 20.95 |
| Net Income Before Taxes | 197.22 | -10.13 | 2.44 | 3.01 | -29.16 | -12.70 | -20.69 | -51.90 |
| Income Taxes | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Consolidated Net Income | 184.31 | -14.68 | -0.08 | 2.86 | -32.50 | -19.23 | -26.99 | -57.43 |
| Net Income From Continuing Operations | 184.31 | -14.68 | -0.08 | 2.86 | -32.50 | -19.23 | -26.99 | -57.43 |
| Net Income | 184.31 | -14.68 | -0.08 | 2.63 | -32.50 | -19.23 | -26.99 | -57.43 |
| EPS (Recurring) | 3.31 | -1.77 | -0.77 | -3.84 | -16.00 | -22.76 | -16.31 | -21.62 |
| EPS (Basic, Before Extraordinaries) | 15.81 | -1.77 | -0.04 | 1.14 | -14.90 | -9.79 | -13.85 | -29.04 |
| EPS (Diluted) | 15.81 | -1.77 | -0.04 | 0.99 | -14.90 | -9.79 | -13.85 | -29.04 |
| EBITDA | -8.91 | -8.87 | 1.16 | -14.63 | -31.19 | -30.27 | -25.74 | -31.66 |
| Non-Operating Income (Expense) | -1.11 | -0.22 | 0.22 | 0.29 | -0.34 | -18.08 | -0.52 | 2.02 |
| Other After Tax Adjustments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock Option Compensation Expense | 0.74 | 1.33 | 1.41 | - | 2.29 | 2.35 | 3.59 | 3.55 |
| Price To Earnings Ratio | 0.28 | - | - | - | - | - | - | - |
| Price To Sales Ratio | 1.36 | 2.27 | 0.57 | 1.64 | 1.46 | 0.97 | 5.38 | 6.51 |
| Gross Margin | 9.32 | 23.21 | 59.81 | 14.42 | 19.82 | 12.54 | 43.09 | 5.04 |
| Operating Margin | -109.53 | -81.62 | -0.73 | -168.74 | -354.92 | -327.46 | -224.61 | -331.46 |
| Net Margin | 2,044.65 | -122.12 | -0.30 | 28.39 | -357.76 | -202.77 | -224.38 | -577.60 |
| Shares Outstanding | 13.09 | 10.09 | 2.32 | 2.32 | 2.32 | 1.98 | 1.95 | 1.98 |
| Market Capitalization | 55.76 | 37.15 | 31.93 | 56.86 | 62.92 | 47.91 | 267.03 | 377.76 |
Balance sheet, annual
| Metric | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY |
|---|---|---|---|---|---|
| Cash & Short Term Investments | 17.05 | 58.11 | 121.44 | 83.71 | 0.34 |
| Short Term Receivables | 16.07 | 28.43 | 39.40 | 29.70 | 0.00 |
| Inventories | 3.11 | 5.74 | 5.34 | 4.16 | 0.00 |
| Other Current Assets | 3.46 | 7.05 | 6.52 | 6.33 | 0.34 |
| Total Current Assets | 39.69 | 99.33 | 172.70 | 123.90 | 0.68 |
| Net Property, Plant & Equipment | 31.51 | 49.12 | 41.13 | 26.66 | 0.00 |
| Total Investments and Advances | 28.26 | 19.35 | 22.06 | 25.55 | 150.01 |
| Intangible Assets | - | - | - | 0.00 | 0.00 |
| Other Assets | 0.75 | 6.87 | 5.74 | 0.75 | 0.18 |
| Total Assets | 100.21 | 174.68 | 241.62 | 176.86 | 150.87 |
| Short Term Debt Incl. Current Port. of LT Debt | 0.18 | 0.16 | 0.13 | 0.80 | 0.00 |
| Accounts Payable | 10.87 | 5.29 | 4.06 | 7.46 | 0.00 |
| Income Tax Payable | - | - | - | 0.31 | - |
| Other Current Liabilities | 16.68 | 25.00 | 23.60 | 47.73 | 0.75 |
| Total Current Liabilities | 27.72 | 30.45 | 27.78 | 55.98 | 0.75 |
| Long Term Debt | 16.39 | 81.73 | 19.82 | 6.62 | 0.00 |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 46.82 | 49.06 | 79.56 | 62.35 | 10.86 |
| Total Liabilities | 90.93 | 161.24 | 127.15 | 124.95 | 11.61 |
| Non-Equity Reserves | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Stock - Carrying Value | 13.17 | 0.00 | 0.00 | 480.63 | 0.00 |
| Common Equity | -3.89 | 13.45 | 114.47 | -428.72 | 139.26 |
| Total Shareholders Equity | 9.28 | 13.45 | 114.47 | 51.91 | 139.26 |
| Accumulated Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Equity | 9.28 | 13.45 | 114.47 | 51.91 | 139.26 |
| Total Liabilities & Stockholders Equity | 100.21 | 174.68 | 241.62 | 176.86 | 150.87 |
| Book Value Per Share | -1.68 | 6.90 | 58.21 | -4,113.60 | 742.72 |
| Tangible Book Value Per Share | -1.68 | 6.90 | 58.21 | -4,113.60 | 742.72 |
| Full-Time Employees | 192 | 384 | 414 | 390 | 3 |
| Price to Book Ratio | 0.21 | 19.86 | 7.68 | 1.29 | 1.30 |
| Return on Assets | -35.61 | -66.17 | -68.05 | -46.60 | - |
| Return on Equity | -430.83 | -215.34 | -104.25 | -79.88 | - |
| Return on Invested Capital | -190.73 | -144.71 | -99.86 | -130.47 | 0.03 |
| Quick Ratio | 1.32 | 3.07 | 6.02 | 2.14 | 0.91 |
| Current Ratio | 1.43 | 3.26 | 6.22 | 2.21 | 0.91 |
Cash flow, annual
| Metric | TTM | 2025FY | 2024FY | 2023FY | 2022FY | 2021FY |
|---|---|---|---|---|---|---|
| Net Income | 172.40 | -48.95 | -137.73 | -134.10 | -76.36 | 0.05 |
| Depreciation | 4.29 | 4.23 | 5.59 | 5.45 | 4.66 | - |
| Other Funds (Non Cash) | -219.83 | -41.98 | 34.94 | 47.23 | 2.77 | -1.43 |
| Funds from Operations | -43.13 | -86.70 | -97.20 | -81.41 | -68.93 | -1.39 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | 10.44 | 21.85 | 8.14 | -15.88 | -15.78 | 0.88 |
| Income Taxes Payable | - | - | - | - | 0.31 | - |
| Cash from Operating Activities | -32.70 | -64.85 | -89.06 | -97.30 | -84.70 | -0.51 |
| Capital Expenditures | -1.11 | -1.26 | -5.31 | -8.55 | -10.73 | 0.00 |
| Net Assets From Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Fixed Assets and Businesses | 0.00 | 0.00 | 0.03 | 0.00 | 0.05 | 0.00 |
| Purchase or Sale of Investments | -3.00 | 12.41 | 33.64 | -44.15 | 0.00 | -150.00 |
| Purchase of Investments | -3.00 | 0.00 | -27.08 | -94.15 | 0.00 | -150.00 |
| Sale Or Maturity of Investments | 0.00 | 12.41 | 60.72 | 50.00 | 0.00 | 0.00 |
| Other Uses | 0.00 | 0.00 | 0.00 | -5.21 | 0.00 | 0.00 |
| Other Sources | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Investing Activities | -4.11 | 11.15 | 28.35 | -57.91 | -10.69 | -150.00 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Capital Stock | 50.00 | 38.12 | 0.25 | -5.10 | -0.65 | 150.85 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | -0.05 | -7.65 | -0.65 | 0.00 |
| Sale of Common Pref Stock | 50.00 | 38.12 | 0.30 | 2.55 | 0.00 | 150.85 |
| Proceedsfrom Stock Options | 50.00 | 13.17 | 0.00 | 0.00 | 0.00 | 150.85 |
| Issuance or Reduction of Debt, Net | 0.00 | -12.50 | 40.00 | 0.00 | 0.00 | 0.00 |
| Change in Long Term Debt | 0.00 | -12.50 | 40.00 | 0.00 | 0.00 | 0.00 |
| Issuance of Long Term Debt | 0.00 | 0.00 | 40.00 | 0.00 | 0.00 | 0.00 |
| Reduction of Long Term Debt | 0.00 | -12.50 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Financing Active Other Cash Flow | -3.86 | 0.00 | -10.04 | 153.28 | 51.19 | 0.00 |
| Other Financing Activities Uses | -3.86 | 0.00 | -10.04 | -60.10 | 0.00 | 0.00 |
| Cash from Financing Activities | 46.14 | 25.62 | 30.21 | 148.19 | 50.55 | 150.85 |
| Exchange Rate Effect | -0.08 | -0.60 | -0.05 | -0.40 | -0.18 | - |
| Net Change in Cash | 9.26 | -28.69 | -30.55 | -7.43 | -45.02 | 0.34 |
| Free Cash Flow | -33.80 | -66.11 | -94.37 | -105.85 | -95.44 | -0.51 |
| Preferred Dividends (Cash Flow) | - | 0.00 | 0.00 | - | 0.00 | 0.00 |
| Deferred Taxes & Investment Tax Credit | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance sheet, quarterly
| Metric | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 |
|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 48.90 | 23.77 | 17.05 | 23.50 | 39.65 | 23.45 |
| Short Term Receivables | 12.14 | 17.24 | 16.07 | 18.04 | 15.10 | 22.32 |
| Inventories | 0.00 | 0.00 | 3.11 | 0.00 | 0.00 | 0.00 |
| Other Current Assets | 8.20 | 6.96 | 3.46 | 9.09 | 11.41 | 11.90 |
| Total Current Assets | 69.24 | 47.96 | 39.69 | 50.63 | 66.15 | 57.67 |
| Net Property, Plant & Equipment | 29.73 | 30.27 | 31.51 | 32.84 | 34.24 | 48.71 |
| Total Investments and Advances | 223.09 | 26.31 | 28.26 | 14.99 | 14.99 | 14.99 |
| Other Assets | 0.63 | 0.67 | 0.75 | 0.83 | 0.91 | 4.47 |
| Total Assets | 322.69 | 105.21 | 100.21 | 99.29 | 116.30 | 125.83 |
| Short Term Debt Incl. Current Port. of LT Debt | 0.39 | 0.35 | 0.18 | 0.17 | 0.17 | 0.17 |
| Accounts Payable | 7.33 | 10.44 | 10.87 | 6.20 | 3.94 | 6.43 |
| Other Current Liabilities | 20.20 | 13.62 | 16.68 | 18.46 | 51.70 | 19.92 |
| Total Current Liabilities | 27.91 | 24.41 | 27.72 | 24.84 | 55.82 | 26.52 |
| Long Term Debt | 28.42 | 26.97 | 16.39 | 29.83 | 36.08 | 64.53 |
| Provision for Risks Charges | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 5.73 | 5.76 | 46.82 | 36.43 | 36.41 | 35.96 |
| Total Liabilities | 62.06 | 57.15 | 90.93 | 91.10 | 128.31 | 127.01 |
| Non-Equity Reserves | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Stock - Carrying Value | 0.00 | 0.00 | 13.17 | 13.17 | 13.17 | 0.00 |
| Common Equity | 260.64 | 48.06 | -3.89 | -4.98 | -25.18 | -1.17 |
| Total Shareholders Equity | 260.64 | 48.06 | 9.28 | 8.19 | -12.02 | -1.17 |
| Accumulated Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Equity | 260.64 | 48.06 | 9.28 | 8.19 | -12.02 | -1.17 |
| Total Liabilities & Stockholders Equity | 322.69 | 105.21 | 100.21 | 99.29 | 116.30 | 125.83 |
| Book Value Per Share | 19.91 | 4.76 | -1.68 | -2.15 | -10.86 | -0.59 |
| Tangible Book Value Per Share | 19.91 | 4.76 | -1.68 | -2.15 | -10.86 | -0.59 |
| Full-Time Employees | - | - | 192 | - | - | - |
| Price to Book Ratio | 0.21 | -9.55 | -6.41 | -2.26 | -2.50 | -40.81 |
| Return on Assets | 78.55 | -38.44 | -35.61 | -48.09 | -82.98 | -77.25 |
| Return on Equity | 138.69 | -189.40 | -430.83 | -696.09 | -490.45 | -290.05 |
| Return on Invested Capital | 63.76 | -19.56 | -0.33 | 7.52 | -135.05 | -30.35 |
| Quick Ratio | 2.48 | 1.96 | 1.32 | 2.04 | 1.19 | 2.17 |
| Current Ratio | 2.48 | 1.96 | 1.43 | 2.04 | 1.19 | 2.17 |
Cash flow, quarterly
| Metric | 2026Q2 | 2026Q1 | 2025Q4 | 2025Q3 | 2025Q2 | 2025Q1 |
|---|---|---|---|---|---|---|
| Net Income | 184.31 | -14.68 | -0.08 | 2.86 | -32.50 | -19.23 |
| Depreciation | 0.96 | 0.94 | 1.37 | 1.02 | 1.05 | 0.78 |
| Other Funds (Non Cash) | -193.64 | 5.49 | -13.56 | -18.11 | 1.58 | -11.88 |
| Funds from Operations | -8.38 | -8.25 | -12.28 | -14.23 | -29.87 | -30.32 |
| Extraordinary Item | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in Working Capital | 6.99 | -1.02 | 6.12 | -1.65 | 8.15 | 9.22 |
| Cash from Operating Activities | -1.39 | -9.27 | -6.16 | -15.88 | -21.71 | -21.10 |
| Capital Expenditures | -0.68 | -0.06 | -0.21 | -0.17 | -0.17 | -0.71 |
| Net Assets From Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Fixed Assets and Businesses | -0.04 | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchase or Sale of Investments | -1.00 | -2.00 | 0.00 | 0.00 | 7.41 | 5.00 |
| Purchase of Investments | -1.00 | -2.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale Or Maturity of Investments | 0.00 | 0.00 | 0.00 | 0.00 | 7.41 | 5.00 |
| Other Uses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Sources | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Investing Activities | -1.72 | -2.01 | -0.21 | -0.17 | 7.24 | 4.29 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preferred Dividends (Cash Flow) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Change in Capital Stock | 30.00 | 20.00 | 0.00 | 0.00 | 38.12 | 0.00 |
| Repurchase of Common Pref Stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sale of Common Pref Stock | 30.00 | 20.00 | 0.00 | 0.00 | 38.12 | 0.00 |
| Proceedsfrom Stock Options | 30.00 | 20.00 | 0.00 | 0.00 | 13.17 | 0.00 |
| Issuance or Reduction of Debt, Net | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -12.50 |
| Change in Long Term Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -12.50 |
| Issuance of Long Term Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Reduction of Long Term Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -12.50 |
| Net Financing Active Other Cash Flow | -1.86 | -2.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Financing Activities Uses | -1.86 | -2.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from Financing Activities | 28.14 | 18.00 | 0.00 | 0.00 | 38.12 | -12.50 |
| Exchange Rate Effect | 0.10 | -0.00 | -0.08 | -0.10 | -0.04 | -0.39 |
| Net Change in Cash | 25.14 | 6.71 | -6.45 | -16.14 | 23.61 | -29.70 |
| Free Cash Flow | -2.06 | -9.32 | -6.37 | -16.05 | -21.88 | -21.81 |
Revenue breakdown
| CarbonSmart | 2024: 7.94M 2025: 14.63M |
|---|---|
| Engineering and Other Services | 2024: 19.76M 2025: 16.19M |
| Joint Development Agreements | 2024: 6.23M 2025: 2.43M |
| License and Service | 2024: 11.30M 2025: 19.84M |
| Other Contract Research | 2024: 4.37M 2025: 2.77M |
| Asia | 2024: 8.86M 2025: 16.52M |
| Australia | 2024: 883.00K |
| Europe | 2024: 16.26M 2025: 14.64M |
| North America | 2024: 23.59M 2025: 24.68M |
Short interest
shares short against float, oldest to newest| Settlement | Of float | Shares short | Float | Avg volume |
|---|---|---|---|---|
| 2026-10-30 | 4.86% | 0.5M | 9.5M | 65.98K |
| 2026-10-15 | 3.83% | 0.4M | 9.5M | 64.60K |
| 2026-09-30 | 3.75% | 0.4M | 9.5M | 73.72K |
| 2026-09-15 | 3.27% | 0.3M | 9.5M | 107.40K |
| 2026-08-31 | 2.91% | 0.3M | 9.5M | 142.81K |
| 2026-08-14 | 3.42% | 0.3M | 9.5M | 158.04K |
| 2026-07-31 | 3.80% | 0.4M | 9.5M | 149.76K |
| 2026-07-15 | 3.95% | 0.4M | 9.5M | 147.74K |
| 2026-06-30 | 3.57% | 0.3M | 8.4M | 136.07K |
| 2026-06-15 | 1.92% | 0.2M | 8.4M | 109.04K |
| 2026-05-29 | 1.98% | 0.2M | 7.8M | 65.80K |
| 2026-05-15 | 1.74% | 0.1M | 5.7M | 49.78K |
| 2026-04-30 | 1.33% | 0.1M | 5.7M | 42.65K |
| 2026-04-15 | 1.12% | 0.1M | 5.7M | 35.59K |
| 2026-03-31 | 1.06% | 0.1M | 5.1M | 28.47K |
| 2026-03-13 | 1.98% | 0.0M | 1.2M | 7.96K |
| 2026-02-27 | 1.92% | 0.0M | 1.2M | 8.40K |
| 2026-02-13 | 2.05% | 0.0M | 1.2M | 9.76K |
| 2026-01-30 | 1.52% | 0.0M | 1.2M | 10.10K |
| 2026-01-15 | 1.43% | 0.0M | 1.2M | 11.40K |
Option chain
expiry 2026-11-20| Type | Strike | Bid | Ask | Last | IV | Open int | Volume | Delta | Theta | Vega |
|---|---|---|---|---|---|---|---|---|---|---|
| call | 2.50 | 1.40 | 2.70 | 0.00 | 8.349 | 0.00 | 0.00 | 0.941 | -0.010 | 0.001 |
| call | 5.00 | 0.00 | 1.55 | 0.00 | 6.569 | 0.00 | 0.00 | 0.652 | -0.086 | 0.003 |
| call | 7.50 | 0.00 | 1.65 | 0.00 | 8.281 | 0.00 | 0.00 | 0.604 | -0.113 | 0.003 |
| call | 10.00 | 0.00 | 1.60 | 0.10 | 9.315 | 1.00 | 0.00 | 0.582 | -0.129 | 0.003 |
| put | 2.50 | 0.00 | 0.05 | 0.05 | 2.385 | 50.00 | 0.00 | -0.059 | -0.010 | 0.001 |
| put | 5.00 | 0.25 | 1.20 | 0.49 | 2.592 | 30.00 | 0.00 | -0.348 | -0.086 | 0.003 |
| put | 7.50 | 1.90 | 11.90 | 0.00 | 0.000 | 0.00 | 0.00 | -0.396 | -0.113 | 0.003 |
| put | 10.00 | 5.00 | 14.90 | 0.00 | 0.000 | 0.00 | 0.00 | -0.418 | -0.128 | 0.003 |
Latest SEC filings
30| Filed | Form | Description | Period | Link |
|---|---|---|---|---|
| 2026-11-10 | 4 | Statement of changes in beneficial ownership of securities | 2026-10-14 | SEC |
| 2026-11-06 | SCHEDULE 13D/A | SEC | ||
| 2026-10-20 | 8-K | Current report | 2026-10-14 | SEC |
| 2026-08-14 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-06-30 | SEC |
| 2026-08-14 | 8-K | Current report | 2026-08-14 | SEC |
| 2026-07-23 | 3 | Initial statement of beneficial ownership of securities | 2026-01-21 | SEC |
| 2026-07-23 | 3 | Initial statement of beneficial ownership of securities | 2026-01-21 | SEC |
| 2026-07-23 | SCHEDULE 13G | SEC | ||
| 2026-06-24 | 8-K | Current report | 2026-06-23 | SEC |
| 2026-06-04 | 8-K | Current report | 2026-06-03 | SEC |
| 2026-05-28 | 3 | Initial statement of beneficial ownership of securities | 2026-05-26 | SEC |
| 2026-05-18 | 8-K | Current report | 2026-05-15 | SEC |
| 2026-05-18 | 424B5 | SEC | ||
| 2026-05-15 | SCHEDULE 13G/A | SEC | ||
| 2026-05-14 | 10-Q | Quarterly report pursuant to Section 13 or 15(d) | 2026-03-31 | SEC |
| 2026-05-14 | 8-K | Current report | 2026-05-14 | SEC |
| 2026-05-11 | SCHEDULE 13G/A | SEC | ||
| 2026-05-04 | 8-K | Current report | 2026-05-04 | SEC |
| 2026-04-29 | ARS | Annual report to security holders. | 2025-12-31 | SEC |
| 2026-04-29 | DEF 14A | Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 | 2026-04-29 | SEC |
| 2026-04-17 | 8-K/A | 2026-04-10 | SEC | |
| 2026-04-16 | 8-K | Current report | 2026-04-10 | SEC |
| 2026-03-31 | 10-K | Annual report pursuant to Section 13 or 15(d) | 2025-12-31 | SEC |
| 2026-03-31 | 8-K | Current report | 2026-03-31 | SEC |
| 2026-02-18 | 8-K | Current report | 2026-02-11 | SEC |
| 2026-02-18 | 4 | Statement of changes in beneficial ownership of securities | 2026-01-21 | SEC |
| 2026-02-05 | 8-K | Current report | 2026-01-31 | SEC |
| 2026-01-29 | SCHEDULE 13D/A | SEC | ||
| 2026-01-29 | 4 | Statement of changes in beneficial ownership of securities | 2026-01-21 | SEC |
| 2026-01-26 | 3 | Initial statement of beneficial ownership of securities | 2024-12-16 | SEC |
Insider activity by month
| Month | Bought | Buys | Sold | Sells |
|---|---|---|---|---|
| 2026-11 | 0 | 0 | 0 | 0 |
| 2026-10 | 0 | 0 | 0 | 0 |
| 2026-09 | 0 | 0 | 0 | 0 |
| 2026-08 | 0 | 0 | 0 | 0 |
| 2026-07 | 0 | 0 | 0 | 0 |
| 2026-06 | 0 | 0 | 0 | 0 |
| 2026-05 | 0 | 0 | 0 | 0 |
| 2026-04 | 0 | 0 | 0 | 0 |
| 2026-03 | 0 | 0 | 0 | 0 |
| 2026-02 | 0 | 0 | 0 | 0 |
| 2026-01 | 4.30M | 1 | 0 | 0 |
| 2025-12 | 0 | 0 | 0 | 0 |
| 2025-11 | 0 | 0 | 0 | 0 |
Institutional holders
| Manager | % owned |
|---|---|
| HIGHBRIDGE CAPITAL MANAGEMENT LLC | 3.51% |
| VANGUARD CAPITAL MANAGEMENT LLC | 3.46% |
| BlackRock, Inc. | 1.95% |
| Polar Asset Management Partners Inc. | 1.89% |
| CITADEL ADVISORS LLC | 1.49% |
| Novo Holdings A/S | 1.21% |
| GEODE CAPITAL MANAGEMENT, LLC | 1.06% |
| MILLENNIUM MANAGEMENT LLC | 0.40% |
| ALLIANCEBERNSTEIN L.P. | 0.32% |
| STATE STREET CORP | 0.25% |
Funds
| Fund | % owned |
|---|---|
| VANGUARD TOTAL STOCK MARKET INDEX FUND | 2.24% |
| VANGUARD EXTENDED MARKET INDEX FUND | 0.53% |
| Multimanager Aggressive Equity Portfolio | 0.29% |
| Fidelity Extended Market Index Fund | 0.27% |
| iShares Russell 2000 Growth ETF | 0.18% |
| Fidelity Small Cap Index Fund | 0.13% |
| Fidelity Total Market Index Fund | 0.09% |
| Fidelity Series Total Market Index Fund | 0.08% |
| VANGUARD RUSSELL 2000 INDEX FUND | 0.07% |
| Nuveen Small Cap Blend Index Fund | 0.05% |
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