Lifezone Metals Ltd (LZM)
Lifezone Metals Ltd reported revenue of $1.1M in fiscal 2025, up 652.2% from a year earlier. It posted a net loss of $13.6M. At December 31, 2025 it held $20.1M in cash. Its latest periodic report to the SEC is the annual report (foreign issuer) (20-F) filed on March 19, 2026.
Key facts about Lifezone Metals Ltd
- Net worth
- Lifezone Metals Ltd has a market value (market cap) of $397.4M at the latest share price, and shareholders' equity of $73.8M on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $1.1M (+652.2% year on year), with a net loss of $13.6M.
- Cash flow
- In fiscal 2025 operations used $15.6M of cash.
- Latest report
- The latest periodic report (annual report (foreign issuer), 20-F) was filed with the SEC on March 19, 2026 and covers the period to December 31, 2025. Open on SEC EDGAR
What Lifezone Metals Ltd does
Lifezone Metals Ltd is registered with the SEC under industry code SIC 1000 (Metal Mining). Its shares trade on NYSE under the ticker LZM.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $1.1M | -$13.6M | -$0.17 | n/a |
| 2024 | $140.5K | -$46.3M | -$0.59 | n/a |
| 2023 | $1.5M | -$363.9M | -$5.34 | n/a |
| 2023 | $2.9M | -$23.6M | -$0.40 | n/a |
| 2021 | $2.1M | -$18M | -$0.32 | n/a |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where LZM ranks in Basic materials
Latest SEC filings
What Lifezone Metals Ltd has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 29, 2026
- October 7, 2026
- July 29, 2026Form F-3 filing F-3
- July 29, 2026
- July 28, 2026
- July 9, 2026
- June 29, 2026
- May 15, 2026Passive stake changed SCHEDULE 13G/A
- May 5, 2026
- April 30, 2026
Insider trades
What the people running Lifezone Metals Ltd did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider bought or sold shares on the open market in the last 90 days. The 7 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 7, 2026 | Hofmaier IngoChief Financial Officer | Exercised options | 33,000 | $3.3 |
| September 7, 2026 | Hofmaier IngoChief Financial Officer | Shares withheld for tax | 16,435 | $66.4K |
| September 7, 2026 | Showalter Christopher MichaelChief Executive Officer | Exercised options | 110,000 | $11 |
| September 7, 2026 | Showalter Christopher MichaelChief Executive Officer | Shares withheld for tax | 48,949 | $197.8K |
| September 7, 2026 | Davis SpencerChief Legal Officer | Exercised options | 33,000 | $3.3 |
| September 7, 2026 | Davis SpencerChief Legal Officer | Shares withheld for tax | 16,435 | $66.4K |
| September 7, 2026 | Adams Michael DavidChief Technology Officer | Exercised options | 66,000 | $6.6 |
| April 13, 2026 | Showalter Christopher MichaelChief Executive Officer | Shares withheld for tax | 46,525 | $183.2K |
Who owns LZM
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Cinctive Capital Management LP13G, passive with 3 related filers | 11.8% | May 15, 2026 |
| Adage Capital Management, L.P.13G, passive with 2 related filers | 5.85% | February 12, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 89 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Cinctive Capital Management LP | 8,375,231 | +700,000 |
| Grantham, Mayo, Van Otterloo & Co. LLC | 2,550,100 | 0 |
| BlackRock, Inc. | 2,466,205 | +744,350 |
| Invesco Ltd. | 1,724,599 | -290,324 |
| Adage Capital Partners GP, L.L.C. | 1,642,238 | -146,057 |
| Marshall Wace, Llp | 784,870 | +507,840 |
| State Street Corp | 566,267 | +165,626 |
| Sprott Inc. | 549,206 | +457,350 |
| Geode Capital Management, LLC | 513,354 | +136,263 |
| Alps Advisors Inc | 468,836 | -174,083 |
| Renaissance Technologies LLC | 366,246 | +247,093 |
| Aqr Capital Management LLC | 308,983 | +238,150 |
| UBS Group AG | 290,038 | +111,246 |
| Vanguard Portfolio Management LLC | 267,772 | +75,247 |
| Northern Trust Corp | 226,844 | +51,718 |
| Russell Investments Group, Ltd. | 202,779 | +1,515 |
| Goldman Sachs Group Inc | 166,777 | +12,912 |
| Creative Planning | 145,484 | +4,590 |
| Millennium Management LLC | 137,689 | new |
| Extract Advisors LLC | 136,754 | 0 |
Insiders
4 insiders reported holding 3,484,088 shares in total, about $15.4M at the last price.
| Holder | Shares |
|---|---|
| Showalter Christopher MichaelChief Executive Officer | 2,910,728 |
| Adams Michael DavidChief Technology Officer | 476,960 |
| Hofmaier IngoChief Financial Officer | 61,450 |
| Davis SpencerChief Legal Officer | 34,950 |
Questions about LZM
What does Lifezone Metals Ltd do?
Lifezone Metals Ltd is a company in the Basic materials sector, listed on NYSE as LZM. Its shares trade on NYSE under the ticker LZM.
What is Lifezone Metals Ltd's net worth?
Lifezone Metals Ltd has a market value (market cap) of $397.4M at the latest share price, and shareholders' equity of $73.8M on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Lifezone Metals Ltd profitable?
No. In fiscal 2025 it reported a net loss of $13.6M on revenue of $1.1M.
How much revenue does Lifezone Metals Ltd make?
In fiscal 2025 Lifezone Metals Ltd reported revenue of $1.1M. That is 652.2% more than a year earlier.
When did Lifezone Metals Ltd last report?
Its most recent periodic report is the annual report (foreign issuer) (20-F) filed on March 19, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the foreign issuer update from October 29, 2026.
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Where the numbers come from
Financial figures are the values Lifezone Metals Ltd tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.