FY2025 · ended Dec 31, 2025 · Revenue $16.31M, +69.8% YoY · Filed Mar 31, 2026
Cadiz Inc. (CDZIP) files with the SEC under industry code 4941, Water Supply. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $16.3 million and a net loss of $34.2 million. Free cash flow was -$26.5 million. As of Jun 30, 2026 it held $5.3 million in cash and investments and $90.5 million in total debt.
Revenue (TTM)
$11.84M
-21.3% vs year-ago TTM
Net income (TTM)
$-36.84M
-12.5% vs year-ago TTM
Operating cash flow (TTM)
$-26.09M
-57.2% vs year-ago TTM
Free cash flow (TTM)
$-31.23M
-36.6% vs year-ago TTM
EPS
—
Dividend per share
None
Shares outstanding
83.42M
+2.0% vs prior year
Net cash
$-85.20M
as of Jun 30, 2026
Operating margin
-236.1%
FY 2026
Company profile
- Industry
- Water Supply (SIC 4941)
- Listed as
- CDZI (Nasdaq), CDZIP (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- Los Angeles, CA
- SEC filer status
- Non-accelerated filer, Smaller reporting company
- SEC CIK
- 727273
- Former names
- CADIZ LAND CO INC (until Sep 14, 1998)
Other Water Supply companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $16.3M | $9.6M | $2.0M | $1.5M | $564,000 |
| Operating income | -$25.6M | -$23.2M | -$20.9M | -$16.6M | -$17.5M |
| Net income | -$34.2M | -$31.1M | -$31.4M | -$24.8M | -$31.2M |
| Operating cash flow | -$18.9M | -$21.5M | -$20.9M | -$18.6M | -$15.3M |
| Free cash flow | -$26.5M | -$22.5M | -$26.7M | -$22.0M | -$38.2M |
| Total assets | $140.9M | $134.5M | $107.4M | $110.8M | $112.5M |
| Total liabilities | $117.7M | $100.5M | $67.4M | $76.6M | $71.9M |
| Stockholders' equity | $23.3M | $34.0M | $40.0M | $34.2M | $40.6M |
| Cash and investments | $8.6M | $17.3M | $4.5M | $10.0M | $11.0M |
| Total debt | $81.8M | $64.4M | $38.9M | $50.8M | $53.5M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Material agreement, Regulation FD disclosure, Other events
|
Oct 29, 2026 | Oct 29, 2026 |
| 10-K/A | Amended annual report | Oct 29, 2026 | Dec 31, 2025 |
| 10-Q | Quarterly report | Aug 13, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Material agreement
|
Jul 28, 2026 | Jul 27, 2026 |
| 8-K |
Current report
Officer or director change, Regulation FD disclosure
|
Jul 27, 2026 | Jul 27, 2026 |
| 8-K |
Current report
Other events
|
Jul 15, 2026 | Jul 14, 2026 |
All 1000 Cadiz Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.