CADIZ INC financials
Source: EDGAR filings · Built 2026-06-02T02:36:19Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -26.51M | -22.47M | -26.71M | -21.98M | -38.18M | -19.16M |
| EBITDA | -24.33M | -22.04M | -19.69M | -15.91M | -17.09M | -11.37M |
| Working Capital | 2.86M | 11.38M | 2.19M | 6.80M | 10.70M | 4.90M |
| Net Debt | 73.19M | 47.13M | 34.39M | 40.84M | 42.49M | 71.74M |
| Gross Margin | 31.57% | 24.04% | -45.00% | -37.71% | 100.00% | — |
| Operating Margin | -156.92% | -241.98% | -1051.73% | -1103.40% | -3104.96% | -2172.64% |
| Net Margin | -209.35% | -324.10% | -1579.41% | -1651.70% | -5540.60% | -6990.20% |
| Return on Equity (ROE) | -146.85% | -91.69% | -78.68% | -72.44% | -76.95% | 149.47% |
| Return on Assets (ROA) | -24.24% | -23.15% | -29.29% | -22.38% | -27.78% | -50.85% |
| Current Ratio | 1.22× | 1.79× | 1.37× | 2.21× | 5.26× | 2.56× |
| Debt-to-Equity | 3.52× | 1.90× | 0.97× | 1.49× | 1.32× | -3.12× |
| Effective Tax Rate | -0.03% | -0.04% | -0.04% | -0.03% | -0.03% | -0.02% |
| Cash Conversion Ratio | 0.55× | 0.69× | 0.67× | 0.75× | 0.49× | 0.36× |
| Accruals Ratio | -0.11× | -0.07× | -0.10× | -0.06× | -0.14× | -0.33× |
| SBC % of Revenue | 32.48% | 47.93% | 75.14% | 124.98% | 841.67% | 387.43% |
| CapEx Coverage | -2.50× | -23.05× | -3.62× | -5.51× | -0.67× | -2.34× |
| Free Cash Flow Per Share | $-0.37 | $-0.38 | $-0.48 | $-0.53 | $-941.35 | $-560.34 |
Valuation Metrics
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenues | 16.31M | 9.61M | 1.99M | 1.50M | 564.00K | 541.00K |
| Cost of Goods and Services Sold | 11.16M | 7.30M | 2.89M | 2.07M | 0 | — |
| Operating Income (Loss) | -25.60M | -23.25M | -20.94M | -16.56M | -17.51M | -11.75M |
| Income Tax Expense (Benefit) | 11.00K | 11.00K | 11.00K | 7.00K | 10.00K | 7.00K |
| Net Income (Loss) Attributable to Parent | -34.15M | -31.14M | -31.45M | -24.79M | -31.25M | -37.82M |
| Earnings Per Share, Basic | $-0.48 | $-0.53 | $-0.56 | $-0.60 | $-0.84 | — |
| Weighted Average Number of Shares Outstanding, Diluted | — | — | — | — | — | 34,188 |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 8.60M | 17.29M | 4.50M | 10.00M | 10.96M | 7.29M |
| Assets, Current | 16.05M | 25.79M | 8.02M | 12.44M | 13.21M | 8.04M |
| Assets | 140.91M | 134.49M | 107.37M | 110.79M | 112.49M | 74.36M |
| Long-term Debt | 78.31M | 60.63M | 38.45M | 50.29M | 50.17M | 79.01M |
| Liabilities, Current | 13.19M | 14.41M | 5.83M | 5.64M | 2.51M | 3.13M |
| Long-term Debt, Excluding Current Maturities | 72.70M | 56.71M | 37.71M | 48.95M | 46.48M | 78.60M |
| Liabilities | 117.66M | 100.53M | 67.41M | 76.56M | 71.88M | 99.66M |
| Stockholders' Equity Attributable to Parent | 23.26M | 33.96M | 39.97M | 34.22M | 40.61M | -25.30M |
| Common Stock, Shares, Outstanding | 83.21M | 75.35M | 66.71M | 55.82M | 43.66M | 36.90M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -18.93M | -21.53M | -20.92M | -18.60M | -15.27M | -13.43M |
| Payments to Acquire Property, Plant, and Equipment | 7.58M | 934.00K | 5.79M | 3.38M | 22.91M | 5.73M |
| Net Cash Provided by (Used in) Investing Activities | -12.58M | -1.18M | -5.79M | -4.12M | -23.47M | -9.84M |
| Payments of Dividends | 5.11M | 5.11M | 5.11M | 5.11M | 1.45M | 0 |
| Net Cash Provided by (Used in) Financing Activities | 25.44M | 35.51M | 17.57M | 16.65M | 51.18M | 14.87M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -5.75M | -8.25M | -18.26M | -10.80M | -4.93M | -6.62M |
| EBITDA | -6.45M | -7.04M | — | — | -7.23M | -6.32M |
| Working Capital | 11.08M | 2.86M | 2.39M | 9.45M | 16.60M | 11.38M |
| Net Debt | 72.34M | 73.19M | 59.01M | 49.21M | 39.84M | 47.13M |
| Gross Margin | 26.04% | 33.03% | 27.33% | 35.41% | 29.65% | 36.15% |
| Operating Margin | -418.81% | -145.40% | -118.00% | -140.01% | -255.01% | -139.47% |
| Net Margin | -529.17% | -191.90% | -170.45% | -187.35% | -324.75% | -181.58% |
| Return on Equity (ROE) | -55.32% | -41.95% | -25.50% | -21.73% | -21.78% | -25.40% |
| Return on Assets (ROA) | -5.91% | -6.92% | -5.52% | -5.67% | -6.59% | -6.41% |
| Current Ratio | 1.88× | 1.22× | 1.26× | 1.81× | 2.19× | 1.79× |
| Debt-to-Equity | 5.69× | 3.52× | 2.29× | 1.75× | 1.39× | 1.90× |
| Effective Tax Rate | — | — | — | — | — | -0.03% |
| Cash Conversion Ratio | 0.64× | 0.71× | 1.70× | 0.65× | 0.38× | 0.72× |
| Accruals Ratio | -0.02× | -0.02× | 0.04× | -0.02× | -0.04× | -0.02× |
| SBC % of Revenue | 29.35% | 29.05% | 92.12% | 80.44% | 93.74% | 21.87% |
| CapEx Coverage | -22.77× | -5.22× | -1.92× | -0.86× | -2.83× | -15.07× |
| Free Cash Flow Per Share | $-0.08 | $-0.11 | $-0.26 | $-0.15 | $-0.07 | $-0.11 |
Valuation Metrics
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenues | 1.63M | 5.08M | 4.15M | 4.13M | 2.95M | 4.75M |
| Cost of Goods and Services Sold | 1.21M | 3.40M | 3.02M | 2.67M | 2.08M | 3.03M |
| Operating Income (Loss) | -6.83M | -7.39M | -4.90M | -5.78M | -7.53M | -6.63M |
| Income Tax Expense (Benefit) | — | — | — | — | — | 3.00K |
| Net Income (Loss) Attributable to Parent | -8.64M | -9.76M | -7.07M | -7.73M | -9.59M | -8.63M |
| Earnings Per Share, Basic | $-0.12 | $-0.13 | $-0.10 | $-0.11 | $-0.14 | $-0.14 |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 16.54M | 8.60M | 4.43M | 13.21M | 21.57M | 17.29M |
| Assets, Current | 23.72M | 16.05M | 11.72M | 21.04M | 30.59M | 25.79M |
| Assets | 146.12M | 140.91M | 128.01M | 136.38M | 145.58M | 134.49M |
| Long-term Debt | — | 78.31M | — | — | — | 60.63M |
| Liabilities, Current | 12.63M | 13.19M | 9.33M | 11.59M | 13.99M | 14.41M |
| Long-term Debt, Excluding Current Maturities | 85.60M | 72.70M | 59.84M | 58.75M | 57.71M | 56.71M |
| Liabilities | 130.51M | 117.66M | 100.27M | 100.81M | 101.54M | 100.53M |
| Stockholders' Equity Attributable to Parent | 15.61M | 23.26M | 27.73M | 35.57M | 44.03M | 33.96M |
| Common Stock, Shares, Outstanding | 83.80M | 83.21M | 82.03M | 81.90M | 81.79M | 75.35M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -5.51M | -6.92M | -12.01M | -5.00M | -3.64M | -6.21M |
| Payments to Acquire Property, Plant, and Equipment | 242.00K | 1.33M | 6.25M | 5.80M | 1.29M | 412.00K |
| Net Cash Provided by (Used in) Investing Activities | -242.00K | -1.33M | -11.25M | -10.80M | -6.29M | -662.00K |
| Payments of Dividends | 1.26M | 1.26M | 3.84M | 2.55M | 1.29M | 1.26M |
| Net Cash Provided by (Used in) Financing Activities | 13.69M | 12.41M | 13.02M | 14.34M | 16.84M | 20.84M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (CDZI CIK 0000727273),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.