CDZI
Cadiz Inc
NASDAQ: CDZI · UTILITIES · UTILITIES - REGULATED WATER
$4.33
+3.34% today
Updated 2026-04-30
Market cap
$393.76M
P/E ratio
—
P/S ratio
24.14x
EPS (TTM)
$-0.48
Dividend yield
—
52W range
$3 – $7
Volume
0.7M
Cadiz Inc (CDZI) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $614000.00 | $426000.00 | $992000.00 | $808000.00 | $1.02M | $1.02M | $362000.00 | $301000.00 | $336000.00 | $304000.00 | $412000.00 | $437000.00 | $440000.00 | $441000.00 | $541000.00 | $564000.00 | $1.50M | $1.99M | $9.61M | $16.31M |
| Revenue growth (YoY) | — | -30.6% | +132.9% | -18.5% | +26.6% | -0.4% | -64.5% | -16.9% | +11.6% | -9.5% | +35.5% | +6.1% | +0.7% | +0.2% | +22.7% | +4.3% | +166.1% | +32.6% | +382.6% | +69.8% |
| Cost of revenue | $721000.00 | $566000.00 | $1.10M | $1.10M | $927000.00 | $1.44M | $521000.00 | $555000.00 | $357000.00 | $334000.00 | $292000.00 | $274000.00 | $0.00 | — | — | $438000.00 | $2.07M | $2.89M | $7.30M | $11.16M |
| Gross profit | $-107000.00 | $-140000.00 | $-106000.00 | $-294000.00 | $96000.00 | $-422000.00 | $-159000.00 | $-254000.00 | $-21000.00 | $-30000.00 | $120000.00 | $163000.00 | $440000.00 | $441000.00 | $541000.00 | $564000.00 | $-566000.00 | $-896000.00 | $2.31M | $5.15M |
| Gross margin | -17.4% | -32.9% | -10.7% | -36.4% | 9.4% | -41.4% | -43.9% | -84.4% | -6.3% | -9.9% | 29.1% | 37.3% | 100.0% | 100.0% | 100.0% | 100.0% | -37.7% | -45.0% | 24.0% | 31.6% |
| R&D | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $7.71M | $9.99M | $11.15M | $9.45M | $10.80M | $10.45M | $12.56M | $13.46M | $10.08M | $13.71M | $9.33M | $12.80M | $11.40M | $12.16M | $11.91M | $17.65M | $15.34M | $18.80M | $24.34M | $29.48M |
| Operating income | $-7.97M | $-10.39M | $-11.60M | $-10.08M | $-11.05M | $-11.23M | $-13.07M | $-13.97M | $-10.36M | $-14.01M | $-9.21M | $-12.64M | $-11.22M | $-11.99M | $-11.75M | $-17.51M | $-16.56M | $-20.94M | $-23.25M | $-25.60M |
| Operating margin | -1298.2% | -2438.7% | -1169.5% | -1247.6% | -1080.1% | -1102.5% | -3609.9% | -4641.9% | -3083.0% | -4608.2% | -2235.4% | -2892.4% | -2550.0% | -2718.6% | -2172.6% | -3105.0% | -1103.4% | -1051.7% | -242.0% | -156.9% |
| EBITDA | $-6.99M | $-9.53M | $-11.15M | $-9.70M | $-10.81M | $-10.76M | $-12.71M | $-14.77M | $-10.36M | $-13.74M | $-11.17M | $-18.42M | $-9.22M | $-11.72M | $-23.59M | $-20.26M | $-15.89M | $-24.49M | $-21.44M | $-23.41M |
| EBITDA margin | -1139.1% | -2235.9% | -1124.3% | -1201.0% | -1056.4% | -1055.9% | -3512.4% | -4908.0% | -3083.0% | -4519.4% | -2710.7% | -4216.0% | -2094.8% | -2658.5% | -4361.4% | -3592.9% | -1058.6% | -1230.1% | -223.2% | -143.5% |
| EBIT | $-7.97M | $-11.70M | $-13.87M | $-10.05M | $-11.15M | $-11.13M | $-13.06M | $-15.03M | $-10.61M | $-14.01M | $-11.46M | $-18.70M | $-9.47M | $-11.99M | $-23.98M | $-20.70M | $-16.56M | $-25.86M | $-22.82M | $-25.03M |
| Interest expense | $9.26M | $3.24M | $4.30M | $4.35M | $4.74M | $3.26M | $6.82M | $6.29M | $8.29M | $9.87M | $14.64M | $15.16M | $16.69M | $17.07M | $11.66M | $9.60M | $8.26M | $5.58M | $8.00M | $9.11M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-13.82M | $-13.63M | $-15.91M | $-14.40M | $-15.90M | $-16.84M | $-19.57M | $-22.68M | $-18.88M | $-24.01M | $-26.34M | $-33.86M | $-26.27M | $-29.53M | $-37.82M | $-31.25M | $-24.79M | $-31.45M | $-31.14M | $-34.13M |
| Net income growth (YoY) | — | +1.4% | -16.7% | +9.5% | -10.4% | -5.9% | -16.3% | -15.9% | +16.7% | -27.2% | -9.7% | -28.6% | +22.4% | -12.4% | -28.1% | +17.4% | +20.7% | -26.8% | +1.0% | -9.6% |
| Profit margin | -2251.6% | -3200.2% | -1603.7% | -1782.1% | -1554.2% | -1652.3% | -5407.2% | -7533.9% | -5619.3% | -7899.0% | -6393.0% | -7749.2% | -5971.1% | -6695.7% | -6990.2% | -5540.6% | -1651.7% | -1579.4% | -324.1% | -209.2% |