# Cadiz Inc (CDZIP)

Source page: https://stoqly.net/companies/cdzip

- **Ticker:** CDZIP (Nasdaq)
- **Sector:** Utilities / Water Supply
- **SEC CIK:** 0000727273
- **Latest annual report:** 10-K filed 2026-03-31 (https://www.sec.gov/Archives/edgar/data/727273/000143774926010517/cdzi20251231_10k.htm)
- **Data updated:** 2026-11-06

## Key figures

- **Last close:** $19.28 on 2026-11-09 (−1.83% on the day)
- **Revenue (FY2025):** $16.3M
- **Revenue growth:** +69.8%
- **Revenue growth, 5-year CAGR:** +97.6%
- **Gross margin:** 31.6%
- **Operating margin:** −156.9%
- **Net margin:** −209.3%
- **Free cash flow:** −$26.5M
- **Free cash flow margin:** −162.5%
- **Return on invested capital:** −21.8%
- **Return on equity:** −119.4%
- **Net debt:** $69.7M
- **Piotroski F-score:** 3/9
- **Insider buys, last 90 days:** $0.0M
- **Insider sells, last 90 days:** $0.0M

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## Annual results

From SEC EDGAR XBRL filings. Full table: https://stoqly.net/companies/cdzip/figures.csv

| US$ millions | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---:|---:|---:|---:|---:|---:|---:|---:|---:|---:|
| Revenue | 0 | 0 | 0 | 0 | 1 | 1 | 2 | 2 | 10 | 16 |
| Operating income | -9 | -13 | -11 | -12 | -12 | -18 | -17 | -21 | -23 | -26 |
| Net income | -26 | -34 | -26 | -30 | -38 | -31 | -25 | -31 | -31 | -34 |
| Diluted EPS (US$) | -1.41 | -1.50 | -1.09 | -1.11 | -1.11 | -0.84 | — | — | — | — |
| Operating cash flow | -10 | -10 | -12 | -14 | -13 | -15 | -19 | -21 | -22 | -19 |
| Free cash flow | — | -11 | -14 | -15 | -19 | -38 | -22 | -27 | -22 | -27 |
| Cash | 12 | 13 | 13 | 16 | 7 | 11 | 10 | 5 | 17 | 9 |
| Debt and leases | 125 | 147 | 155 | 138 | 79 | 50 | 50 | 38 | 61 | 78 |

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Source: SEC EDGAR filings and end-of-day prices, via Stoqly. For information only — not investment advice or a recommendation to buy, sell or hold any security.