Cadiz Inc
CDZI Nasdaq· Water Supply
Last close · Oct 27, 2026
$4.65
KIRA · Stoqly’s AI analyst, in plain words
- Cadiz Inc had $16.3M of revenue in fiscal 2025, up 69.8% on the year before. Over five years, revenue changed +97.6% a year on average.
- Its operating margin was −156.9%, up 85.1 pts: of every 100 in sales, about −157 is left after running the business.
- Cadiz Inc lost $34.2M in fiscal 2025.
- Free cash flow was −$26.5M in fiscal 2025, −162.5% of revenue.
- Cadiz Inc returned $5.1M to shareholders in fiscal 2025.
- Cadiz Inc owes $69.7M more than it holds in cash.
Market cap
—
P/E
—
Revenue
$16.3M
Net income
−$34.2M
Free cash flow
−$26.5M
Operating margin
−156.9%
Cadiz Inc in 30 seconds · fiscal 2025
Are sales growing?
+69.8%
Yes. Sales grew 69.8% last year.
Does it make a profit?
−209.3%
No. It lost money last year.
Does profit turn into cash?
−162.5%
No. It spent more cash than it brought in.
How healthy are the accounts?
3 / 8
Weak. It passes 3 of 8 health tests.
What Cadiz Inc does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 31, 2026
- Legal name
- CADIZ INC
- CIK
- 0000727273
Cadiz Inc · CDZI
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $0.6M | $1.5M | $2.0M | $9.6M | $16.3M |
| Revenue growth | 4.3% | 166.1% | 32.6% | 382.6% | 69.8% |
| Gross margin | 100.0% | −37.7% | −45.0% | 24.0% | 31.6% |
| Operating margin | −3,105.0% | −1,103.4% | −1,051.7% | −242.0% | −156.9% |
| Net income | −$31.2M | −$24.8M | −$31.4M | −$31.1M | −$34.2M |
| Net margin | −5,540.6% | −1,651.7% | −1,579.4% | −324.1% | −209.3% |
| Diluted EPS | −$0.84 | — | — | — | — |
| Cash | |||||
| Cash from operations | −$15.3M | −$18.6M | −$20.9M | −$21.5M | −$18.9M |
| Capital expenditure | $22.9M | $3.4M | $5.8M | $0.9M | $7.6M |
| Free cash flow | −$38.2M | −$22.0M | −$26.7M | −$22.5M | −$26.5M |
| FCF margin | −6,769.9% | −1,464.0% | −1,341.6% | −233.8% | −162.5% |
| Dividends paid | $1.4M | $5.1M | $5.1M | $5.1M | $5.1M |
| Share count change | 18.7% | — | — | — | — |
| Debt and strength | |||||
| Cash and short-term investments | $11.0M | $10.0M | $4.5M | $17.3M | $8.6M |
| Debt incl. finance leases | $50.2M | $50.3M | $38.4M | $60.6M | $78.3M |
| Shareholders' equity | $40.6M | $34.2M | $40.0M | $34.0M | $23.3M |
| Current ratio | 5.3x | 2.2x | 1.4x | 1.8x | 1.2x |
| Interest coverage | −1.5x | −2.0x | −4.2x | −3.0x | −3.0x |
| Returns and quality | |||||
| Return on capital | −17.3% | −17.6% | −22.4% | −23.8% | −21.8% |
| Return on equity | −408.3% | −66.3% | −84.8% | −84.2% | −119.4% |
| Return on tangible equity | −92.4% | −104.9% | −106.7% | −128.3% | −223.7% |
| Piotroski F-score | 4 | 3 | 3 | 5 | 3 |
| Altman Z'' | −16.4 | −17.9 | −20.0 | −16.6 | −16.9 |
Insiders bought, 12 months
$0.5M
1 insider
Insiders sold, 12 months
$0.0M
1 insider
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Cadiz Inc · CDZI
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $4.65 a share, the company is worth —.
Source: SEC EDGAR XBRL filings (CIK 0000727273). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.