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Cadiz Inc. logo

Cadiz Inc.

CDZI

NASDAQUtilitiesRegulated Water

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Regular session

$3.765

+$0.105 · +2.87%

Aug 24, 10:13 AM ETData delayed

CDZI company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

44

Fair Value

Momentum

48

Neutral

Sentiment

49

Mixed

Risk resilience

31

High Risk

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Company profile

Company website

Operating within the United States, Cadiz Inc. functions as a natural resources development entity. Its primary activities revolve around water and agricultural development projects, predominantly situated across its vast landholdings in California's San Bernardino County. The company's property portfolio includes approximately 35,000 acres located in the Cadiz and Fenner valleys of eastern San Bernardino County, alongside an additional 11,000 acres in the eastern Mojave Desert region of the same county. Beyond its resource endeavors, Cadiz Inc. also cultivates various crops such as lemons, and undertakes seasonal plantings of vegetables and grains. This enterprise, founded in 1983, maintains its corporate headquarters in Los Angeles, California.

Industry
Regulated Water
Sector
Utilities
Headquarters
US
CEO
Susan Kennedy
Listed since
Jan 3, 1989
Employees
31

Market position

Day range

Current $3.765

52-week range

Current $3.765

Open
$3.62
Previous close
$3.66
Volume
92.5K
0.1× average
Average volume
956.21K
Average daily volume
Market cap
316.58M USD
Beta
1.87
Market reference 1
50-day average
$3.6178
+4.07% above average
200-day average
$4.7876
-21.36% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
550.38M USD
P/E (TTM)
-7.53×
P/B (TTM)
67.91×
P/S (TTM)
26.73×
EV / EBITDA
-23.51×
Earnings yield
-7.50%
Free cash flow yield
-5.83%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
27.14%
Operating margin
-236.05%
Net margin
-310.93%
Return on equity
-146.75%
Return on assets
-24.22%
Return on invested capital
-19.97%

Financial health

Debt / equity
25.72×
Current ratio
1.22×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends664%-1592%-3848%-6105%Gross margin, FY2021: 100.00%Gross margin, FY2022: -37.71%Gross margin, FY2023: -45.00%Gross margin, FY2024: 24.04%Gross margin, FY2025: 31.57%Operating margin, FY2021: -3104.96%Operating margin, FY2022: -1103.40%Operating margin, FY2023: -1051.73%Operating margin, FY2024: -241.98%Operating margin, FY2025: -156.92%Net margin, FY2021: -5540.60%Net margin, FY2022: -1651.70%Net margin, FY2023: -1579.41%Net margin, FY2024: -324.10%Net margin, FY2025: -209.21%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 100.00%. Gross margin FY2022 -37.71%. Gross margin FY2023 -45.00%. Gross margin FY2024 24.04%. Gross margin FY2025 31.57%. Operating margin FY2021 -3104.96%. Operating margin FY2022 -1103.40%. Operating margin FY2023 -1051.73%. Operating margin FY2024 -241.98%. Operating margin FY2025 -156.92%. Net margin FY2021 -5540.60%. Net margin FY2022 -1651.70%. Net margin FY2023 -1579.41%. Net margin FY2024 -324.10%. Net margin FY2025 -209.21%.

Income trends

Revenue

16.31M USD+69.79%

Operating income

−25.6M USD-10.10%

Net income

−34.13M USD-9.60%
Income trends across reported periods21.36M USD1.18M USD−19M USD−39.17M USDRevenue, FY2021: 564K USDRevenue, FY2022: 1.5M USDRevenue, FY2023: 1.99M USDRevenue, FY2024: 9.61M USDRevenue, FY2025: 16.31M USDOperating income, FY2021: −17.51M USDOperating income, FY2022: −16.56M USDOperating income, FY2023: −20.94M USDOperating income, FY2024: −23.25M USDOperating income, FY2025: −25.6M USDNet income, FY2021: −31.25M USDNet income, FY2022: −24.79M USDNet income, FY2023: −31.45M USDNet income, FY2024: −31.14M USDNet income, FY2025: −34.13M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 564K USD. Revenue FY2022 1.5M USD. Revenue FY2023 1.99M USD. Revenue FY2024 9.61M USD. Revenue FY2025 16.31M USD. Operating income FY2021 −17.51M USD. Operating income FY2022 −16.56M USD. Operating income FY2023 −20.94M USD. Operating income FY2024 −23.25M USD. Operating income FY2025 −25.6M USD. Net income FY2021 −31.25M USD. Net income FY2022 −24.79M USD. Net income FY2023 −31.45M USD. Net income FY2024 −31.14M USD. Net income FY2025 −34.13M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue16.31M USD9.61M USD1.99M USD1.5M USD564K USD
Cost of goods sold11.16M USD7.3M USD2.89M USD2.07M USD—
Gross profit5.15M USD2.31M USD−896K USD−566K USD564K USD
Selling, general, and administrative29.48M USD24.35M USD18.8M USD15.34M USD17.65M USD
Operating expenses30.75M USD25.56M USD20.04M USD16M USD18.08M USD
Interest income477K USD124K USD631K USD——
Interest expense9.11M USD8M USD5.58M USD8.26M USD9.6M USD
Depreciation and amortization1.62M USD1.38M USD1.37M USD672K USD438K USD
Operating income−25.6M USD−23.25M USD−20.94M USD−16.56M USD−17.51M USD
Net income−34.13M USD−31.14M USD−31.45M USD−24.79M USD−31.25M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
0%
0 beats, 11 misses, 0 met estimates
Average EPS surprise
-81.31%
11 comparable reports
Latest EPS result
-0.15
Estimate -0.13 · Miss by 20.00%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates-0.07-0.11-0.15-0.19Q1 '25MissQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Mar 28, 2025: actual -0.14, estimate -0.08, surprise -75.00%, Miss. Q2 2025, reported May 14, 2025: actual -0.14, estimate -0.11, surprise -27.27%, Miss. Q3 2025, reported Aug 13, 2025: actual -0.11, estimate -0.09, surprise -22.22%, Miss. Q4 2025, reported Nov 13, 2025: actual -0.1, estimate -0.09, surprise -11.11%, Miss. Q1 2026, reported Mar 30, 2026: actual -0.13, estimate -0.11, surprise -18.18%, Miss. Q2 2026, reported May 14, 2026: actual -0.12, estimate -0.1, surprise -20.00%, Miss. Q3 2026, reported Aug 13, 2026: actual -0.15, estimate -0.125, surprise -20.00%, Miss. Q4 2026, reported Nov 12, 2026: actual —, estimate -0.1, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates5.43M3.9M2.36M832.15KQ1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Mar 28, 2025: actual 4.75M USD, estimate 4.57M USD, surprise +3.94%, Beat. Q2 2025, reported May 14, 2025: actual 2.95M USD, estimate 4.18M USD, surprise -29.25%, Miss. Q3 2025, reported Aug 13, 2025: actual 4.13M USD, estimate 3.9M USD, surprise +5.79%, Beat. Q4 2025, reported Nov 13, 2025: actual 4.15M USD, estimate 4.8M USD, surprise -13.56%, Miss. Q1 2026, reported Mar 30, 2026: actual 5.1M USD, estimate 4.8M USD, surprise +6.25%, Beat. Q2 2026, reported May 14, 2026: actual 1.62M USD, estimate 4.56M USD, surprise -64.52%, Miss. Q3 2026, reported Aug 13, 2026: actual 979K USD, estimate 2.32M USD, surprise -57.72%, Miss. Q4 2026, reported Nov 12, 2026: actual —, estimate 2.56M USD, surprise —, Comparison unavailable.

Corporate actions

Corporate action history

Stock split

Effective Dec 18, 2003

1:25

Stock split

Effective May 26, 1992

1:5

Stock split

Effective May 10, 1988

1:3

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ETFs holding CDZI

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
5.33M
Weight
0.00%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$376.76-0.39%
iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
5.24M
Weight
0.01%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$298.58-0.46%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
1.98M
Weight
0.00%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$243.78-0.71%
iShares Russell 2000 Growth ETF logoiShares Russell 2000 Growth ETFIWO
Market value
1.97M
Weight
0.01%
AUM
15.16B USD
Expense ratio
0.24%
Price / 1D
$383.16-1.09%
Invesco S&P Global Water Index ETF logoInvesco S&P Global Water Index ETFCGW
Market value
1.41M
Weight
0.14%
AUM
1.05B USD
Expense ratio
0.58%
Price / 1D
$65.4119+0.48%
Vanguard Utilities ETF logoVanguard Utilities ETFVPU
Market value
1.11M
Weight
0.01%
AUM
10.6B USD
Expense ratio
0.09%
Price / 1D
$185.69+0.35%
Vanguard Russell 2000 ETF logoVanguard Russell 2000 ETFVTWO
Market value
961.13K
Weight
0.01%
AUM
17.4B USD
Expense ratio
0.06%
Price / 1D
$120.72-0.44%
iShares Micro-Cap ETF logoiShares Micro-Cap ETFIWC
Market value
712.95K
Weight
0.05%
AUM
1.53B USD
Expense ratio
0.60%
Price / 1D
$196.84-0.65%

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