LZM revenueFY2025$1.06M
- FY YoY
- +652.2%
LZM revenue was $1.06M for fiscal 2025 (ended Dec 31, 2025), up 652.2% from fiscal 2024. It rose in 2 of the last 4 fiscal years.
Lifezone Metals Limited (LZM) financials
For fiscal 2025 (ended Dec 31, 2025), Lifezone Metals Limited reported $1.06M of revenue and -$13.63M of net income.
- Revenue, FY2025
- $1.06M
- Revenue growth, YoY
- +652.2%
- Net income, FY2025
- -$13.63M
- Net margin
- -1289.2%
- EPS, diluted, FY2025
- -$0.17
- Cash
- $20.14M
- P/S
- 357.26
- Market cap
- $377.6M
FY2021FY2025
FY2021FY2025
LZM revenue and earnings growth
LZM net incomeFY2025-$13.63M
LZM net income was -$13.63M for fiscal 2025 (ended Dec 31, 2025), compared with -$46.31M in fiscal 2024.
LZM EPSFY2025-$0.17
LZM diluted EPS was -$0.17 for fiscal 2025 (ended Dec 31, 2025), compared with -$0.59 in fiscal 2024.
Income statement
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $1.06M | $140.5K | $1.48M | $2.93M | $2.09M |
| Cost of revenue | $533.6K | $86.9K | $753.9K | $0 | - |
| Gross profit | $523.4K | $53.6K | $723.9K | $2.93M | $2.09M |
| Selling, general and admin | $19.12M | $39.08M | $366.08M | $28.56M | $20.06M |
| Operating income | -$18.42M | -$48.27M | -$365.17M | -$25.69M | -$18.03M |
| Interest expense | $10.40M | $6.43M | $212.0K | $266.4K | $160.8K |
| Pre-tax income | -$14.37M | -$46.60M | -$364.66M | -$25.49M | -$18.18M |
| Income tax | -$263.5K | $540.1K | $0 | - | - |
| Net income | -$13.63M | -$46.31M | -$363.87M | -$23.58M | -$18.00M |
| EPS, basic | -$0.17 | -$0.59 | -$5.34 | -$0.40 | -$0.32 |
| EPS, diluted | -$0.17 | -$0.59 | -$5.34 | -$0.40 | -$0.32 |
| Diluted shares | 79.9M | 78.7M | 68.1M | 58.3M | 58.0M |
Balance sheet
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|
| Cash and equivalents | $20.14M | $29.28M | $49.39M | $20.54M | $45.62M |
| Receivables | $2.03M | $2.12M | $3.82M | $6.01M | - |
| Inventory | $58.0K | $162.0K | $100.8K | $49.7K | - |
| Current assets | $27.45M | $31.66M | $54.82M | $76.59M | - |
| Goodwill | $0 | $0 | $9.02M | $0 | - |
| Total assets | $175.75M | $156.65M | $142.26M | $96.98M | $61.89M |
| Current liabilities | $59.08M | $56.00M | $12.76M | $16.71M | - |
| Total liabilities | $102.92M | $57.33M | $13.95M | $20.99M | $8.03M |
| Shareholders' equity | $73.83M | $89.54M | $128.31M | $75.99M | $53.86M |
Cash flow
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|
| Operating cash flow | -$15.59M | -$15.89M | -$26.98M | -$17.04M | -$7.09M |
| Investing cash flow | -$21.28M | -$52.66M | -$59.95M | -$7.96M | -$192.9K |
| Financing cash flow | $27.64M | $48.42M | $115.74M | -$80.9K | $49.80M |
| Stock-based compensation | $2.12M | $17.82M | $265.56M | $0 | - |
Key ratios
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue growth, YoY | 652.2% | -90.5% | -49.5% | 39.9% | - |
| Gross margin | 49.5% | 38.2% | 49.0% | 100.0% | 100.0% |
| Operating margin | -1742.2% | -34353.8% | -24710.3% | -877.5% | -861.6% |
| Net margin | -1289.2% | -32952.3% | -24622.3% | -805.6% | -860.3% |
| Return on equity | -18.5% | -51.7% | -283.6% | -31.0% | -33.4% |
| Return on assets | -7.8% | -29.6% | -255.8% | -24.3% | -29.1% |
| Current ratio | 0.46 | 0.57 | 4.30 | 4.58 | - |
Source: XBRL data Lifezone Metals Limited files with the SEC, latest filing dated Mar 19, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.
LZM peers
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| LZM | $1.06M | +652.2% | -$13.63M | -1289.2% | $377.6M |
| SCCO | $17.11B | +38.7% | $6.36B | 37.2% | $141.23B |
| RIO | $57.64B | +6.3% | $9.97B | 17.3% | $105.17B |
| FCX | $26.46B | +1.8% | $3.44B | 13.0% | $85.33B |
| VALE | $38.40B | +0.9% | $2.35B | 6.1% | $49.46B |
| HBM | $2.21B | +9.4% | $568.50M | 25.7% | $9.29B |
| BVN | $1.73B | +49.2% | $782.14M | 45.2% | $7.11B |
| CLF | $20.07B | +7.8% | -$473.00M | -2.4% | $6.54B |
| AUGO | $921.73M | +55.1% | -$79.34M | -8.6% | $6.52B |
LZM FAQ
8 questionsWhat is LZM revenue?
Lifezone Metals Limited (LZM) reported $1.06M of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 652.2% from the year before.Is LZM profitable?
No. Lifezone Metals Limited reported a net loss of $13.63M for fiscal 2025 (ended Dec 31, 2025).How much cash and debt does LZM have?
Lifezone Metals Limited reported $20.14M in cash and cash equivalents on its most recent balance sheet in SEC filings.How fast is LZM revenue growing?
Lifezone Metals Limited's revenue changed +652.2% in fiscal 2025, to $1.06M.What is LZM gross margin?
Lifezone Metals Limited's gross profit was $523.4K on $1.06M of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 49.5%.What is LZM earnings per share?
Diluted earnings per share were -$0.17 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.When did LZM last report financial results?
The latest statements here come from Lifezone Metals Limited's 20-F filed on Mar 19, 2026, covering the period ended Dec 31, 2025.Where does this LZM financial data come from?
Quantisnow builds these statements from the structured XBRL data Lifezone Metals Limited files with the SEC. It is provided for information only and is not investment advice.