CADIZ INC

CDZI

CADIZ INC

CDZI

Insider Sentiment (TTM):

Last Purchase:2026-05-26Last Sale:2026-05-20Shares Purchased (TTM):110,865Shares Sold (TTM):2,500

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:34,858,016Shares Outstanding:83,799,366Institutional Ownership Pct.:41.60%

Earnings Market Reaction:

Filing Date:2026-08-13Price on Filing Date:N/APrevious Close:N/A% Change:N/A

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Cash And Cash Equivalents At Carrying Value	5	17	9	4	13	22	17	3	10	19	5	13
Accounts Receivable Net Current	3	5	6	4	4	5	5	3	2	2	1	0
Assets Current
Assets Current	11	24	16	12	21	31	26	12	17	25	8	17
Restricted Cash Current	-	-	-	-	-	-	-	-	-	-	0	0
Inventory Net	2	1	1	3	3	3	3	4	4	3	2	2
Prepaid Expense And Other Assets Current	1	1	1	1	1	1	1	1	1	1	1	1
Property Plant And Equipment Net	97	96	95	94	93	92	88	87	87	87	87	86
Prepaid Expense Noncurrent	0	0	0	0	0	0	0	0	0	0	0	0
Goodwill	6	6	6	6	6	6	6	6	6	6	6	6
Operating Lease Right Of Use Asset	4	3	3	3	4	4	4	2	2	2	0	0
Restricted Cash Noncurrent	3	3	3	3	3	3	0	0	0	0	0	0
Other Assets Noncurrent	14	14	17	10	10	10	10	5	5	5	5	6
Assets	135	146	141	128	136	146	134	113	118	126	107	114
Accounts Payable Current	2	5	4	2	2	2	2	2	2	3	1	2
Accrued Liabilities Current	3	3	2	6	5	7	8	2	2	2	1	1
Liabilities Current
Liabilities Current	10	13	13	9	12	14	14	9	9	9	6	6
Long Term Debt Current	0	0	0	0	0	0	0	0	0	0	0	0
Derivative Liabilities Current	-	-	5	-	-	-	0	-	-	-	-	-
Business Combination Contingent Consideration Liab…	2	3	0	0	0	1	1	1	1	1	1	1
Dividends Payable Current	1	1	1	1	1	1	1	1	1	1	1	1
Deferred Revenue Current	1	0	0	0	3	2	1	2	2	1	0	0
Operating Lease Liability Current	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Debt Noncurrent	87	86	73	60	59	58	57	56	55	54	38	37
Operating Lease Liability Noncurrent	3	3	3	3	3	3	3	2	2	2	0	0
Deferred Revenue Noncurrent	1	1	1	1	1	1	1	1	1	1	1	1
Other Liabilities Noncurrent	0	0	0	0	0	0	0	0	0	0	0	0
Liabilities	130	131	118	100	101	102	101	92	91	89	67	67
Preferred Stock Value	-	-	-	-	-	-	0	0	0	0	0	0
Common Stock Value	1	1	1	1	1	1	1	1	1	1	1	1
Stockholders Equity
Stockholders Equity	5	16	23	28	36	44	34	21	28	37	40	48
Additional Paid In Capital	716	716	715	709	710	730	709	686	685	684	679	679
Retained Earnings Accumulated Deficit	-712	-701	-692	-682	-675	-687	-676	-666	-658	-648	-640	-632
Preferred Stock Par Or Stated Value Per Share	-	-	-	-	-	-	0.01	0.01	0.01	0.01	0.01	0.01
Liabilities And Stockholders Equity	135	146	141	128	136	146	134	113	118	126	107	114
Preferred Stock Shares Authorized	-	-	-	-	-	-	0	0	0	0	0	0
Preferred Stock Shares Issued	-	-	-	-	-	-	0	0	0	0	0	0
Preferred Stock Shares Outstanding	-	-	-	-	-	-	0	0	0	0	0	0
Preferred Stock Dividend Rate Percentage	0	0	0	0	0	0	0	0	0	0	0	0
Common Stock Par Or Stated Value Per Share	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Common Stock Shares Authorized	125	100	100	100	100	100	100	100	100	85	85	85
Common Stock Shares Issued	84	84	83	82	82	82	75	68	68	67	67	67
Shares Outstanding	84	84	83	82	82	82	75	68	68	67	67	67

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10‑Q10‑K

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	-10.78%	-9.70%	-32.33%	-	-	-	-	-	-	-	-	-
2025	5.33%	5.67%	0.33%	-1.66%	33.52%	46.81%	18.50%	20.58%	17.26%	-3.87%	-13.44%	-17.11%
2024	12.12%	18.56%	25.76%	1.34%	0.67%	17.45%	30.34%	58.51%	52.94%	-11.97%	-5.83%	-9.71%
2023	-	-	-	-	-	-	10.07%	-3.69%	-8.72%	-22.41%	7.24%	6.21%
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Performance and Valuation Metrics

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Metrics	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Liquidity Ratios
Current Ratio	1.16	1.88	1.22	1.26	1.81	2.19	1.79	1.36	1.89	2.86	1.37	2.80
Quick Ratio	0.88	1.68	1.08	0.87	1.49	1.90	1.52	0.74	1.29	2.43	0.93	2.31
Working Capital	1.59M	11.08M	2.86M	2.39M	9.45M	16.60M	11.38M	3.16M	8.11M	15.97M	2.19M	10.70M
Leverage & Debt
Debt to Equity	27.89	8.36	5.06	3.62	2.83	2.31	2.96	4.44	3.28	2.43	1.69	1.40
Interest Coverage TTM	-2.81	-2.77	-2.98	-3.04	-3.08	-3.24	-2.95	-3.07	-3.64	-3.91	-4.24	-3.55
Debt Ratio	0.97	0.89	0.83	0.78	0.74	0.70	0.75	0.82	0.77	0.71	0.63	0.58
Efficiency & Turnover
Asset Turnover TTM	0.09	0.10	0.12	0.13	0.12	0.08	0.08	0.05	0.02	0.02	0.02	0.02
Days Sales Outstanding TTM	115.50	118.14	114.10	78.69	69.21	104.47	104.28	120.29	169.79	110.53	124.48	92.70
Receivables Turnover TTM	3.16	3.09	3.20	4.64	5.27	3.49	3.50	3.03	2.15	3.30	2.93	3.94
Per Share Metrics
Free Cash Flow Per Share TTM	-0.37	-0.33	-0.32	-0.30	-0.28	-0.30	-0.30	-0.34	-0.35	-0.35	-0.40	-0.38
Dividend Per Share TTM	0.06	0.06	0.06	0.05	0.05	0.06	0.07	0.07	0.08	0.08	0.08	0.08
Margin Metrics
Gross Profit Margin TTM	27.14%	31.35%	31.57%	32.47%	32.34%	26.82%	24.04%	-2.31%	-47.17%	-29.75%	-45.00%	-26.78%
Operating Profit Margin TTM	-236.05%	-166.10%	-156.92%	-155.40%	-164.09%	-226.15%	-241.98%	-398.21%	-858.56%	-727.57%	-1,051.73%	-1,085.87%
Net Profit Margin TTM	-311.03%	-230.02%	-209.35%	-230.68%	-251.41%	-340.78%	-377.25%	-528.56%	-1,095.90%	-883.30%	-1,579.41%	-2,013.34%
Growth Metrics
Net Revenue Growth (1Y)	-21.32%	31.03%	69.79%	188.33%	460.46%	283.67%	382.57%	194.47%	27.12%	100.27%	32.64%	76.22%
Net Income Growth (1Y)	-2.67%	-11.56%	-5.78%	25.84%	28.57%	48.02%	15.26%	-22.69%	-18.76%	-26.72%	5.18%	50.77%
EPS Growth (1Y)	-5.29%	-13.69%	-14.68%	4.47%	6.44%	21.78%	2.04%	-24.38%	-20.21%	-27.52%	-11.99%	14.98%
Valuation Metrics
P/E TTM	-9.55	-11.93	-13.67	-10.50	-6.47	-6.15	-10.81	-7.04	-7.12	-7.41	-5.94	-5.82
P/B TTM	75.41	26.36	20.07	13.96	6.88	5.44	11.54	9.97	7.60	5.33	4.67	4.63
P/S TTM	29.70	27.45	28.62	24.23	16.27	20.94	40.78	37.23	78.00	65.43	93.82	117.14
Market Cap	351.79M	411.45M	466.83M	387.16M	244.87M	239.63M	391.84M	206.33M	209.50M	195.12M	186.79M	220.46M
Enterprise Value	433.46M	480.55M	530.99M	442.64M	290.51M	275.88M	431.38M	258.84M	254.28M	230.31M	220.18M	244.74M
Calculated Values
Free Cash Flow TTM	-31.23M	-27.33M	-26.51M	-24.88M	-22.86M	-24.34M	-22.47M	-23.34M	-24.03M	-23.50M	-26.71M	-25.39M
Net Debt	81.67M	69.09M	64.16M	55.48M	45.64M	36.25M	39.54M	52.51M	44.78M	35.19M	33.39M	24.28M
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
NCAV
NCAV Per Share TTM
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-05-26Purchase

Owner: O'Hara, David Mark

Title: -

Shares: 110,865

Price/Share: $4.58

Value: $507,761.70

Shares Owned: 117,841

Relationship: Director

Ownership: Direct

2026-05-20Sale

Owner: Rivera, Cathryn

Title: Chief Operating Officer

Shares: 2,500

Price/Share: $4.33

Value: $10,825.00

Shares Owned: 145,000

Relationship: Officer

Ownership: Direct

2024-11-05Purchase

Owner: Heerema, International Gr…

Title: -

Shares: 2,070,000

Price/Share: $3.34

Value: $6,913,800.00

Shares Owned: 22,783,965

Relationship: TenPercentOwner

Ownership: Indirect

2024-04-18Purchase

Owner: Kennedy, Susan P

Title: CEO

Shares: 25,000

Price/Share: $2.25

Value: $56,250.00

Shares Owned: 966,921

Relationship: Director,Officer

Ownership: Direct

2024-01-04Purchase

Owner: Kennedy, Susan P

Title: CEO

Shares: 6,762

Price/Share: $2.81

Value: $19,001.22

Shares Owned: 91,921

Relationship: Director,Officer

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2026-05-26	O'Hara, David Mark	Director	-	Direct	Purchase	110,865	4.58	$507,761.70	117,841	4
2026-05-20	Rivera, Cathryn	Officer	Chief Operating Officer	Direct	Sale	2,500	4.33	$10,825.00	145,000	4
2024-11-05	Heerema, International Gr…	TenPercentOwner	-	Indirect	Purchase	2,070,000	3.34	$6,913,800.00	22,783,965	4
2024-04-18	Kennedy, Susan P	Director,Officer	CEO	Direct	Purchase	25,000	2.25	$56,250.00	966,921	4
2024-01-04	Kennedy, Susan P	Director,Officer	CEO	Direct	Purchase	6,762	2.81	$19,001.22	91,921	4
2023-09-25	Hickox, Winston H	Director	-	Direct	Purchase	3,030	3.30	$9,999.00	176,685	4
2023-09-21	Kennedy, Susan P	Director,Officer	Executive Director	Direct	Purchase	15,822	3.17	$50,155.74	85,159	4
2023-07-13	Slater, Scott S	Director,Officer	Chief Executive Officer	Direct	Purchase	14,000	3.50	$49,000.00	123,881	4
2023-07-13	Kennedy, Susan P	Director	-	Direct	Purchase	14,000	3.50	$49,000.00	69,337	4
2023-07-13	Dreyfus, Maria S.	Director	-	Direct	Purchase	100,000	3.50	$350,000.00	110,791	4
2023-07-06	Heerema, International Gr…	TenPercentOwner	-	Indirect	Purchase	200,000	4.00	$800,000.00	20,713,965	4
2023-06-20	Kennedy, Susan P	Director	-	Direct	Purchase	2,417	4.13	$9,982.21	75,337	4
2023-06-13	Odey, Asset Management Ll…	TenPercentOwner	-	Indirect	Sale	1,743,326	3.95	$6,886,137.70	0	4
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Institutional Ownership

No data available for chart

2026-03-31

41.60%

Inst. Shares: 34,858,016

Shares Outstanding: 83,799,366

2025-12-31

42.58%

Inst. Shares: 35,428,970

Shares Outstanding: 83,213,589

2025-09-30

43.07%

Inst. Shares: 35,327,808

Shares Outstanding: 82,025,586

2025-06-30

36.82%

Inst. Shares: 30,156,312

Shares Outstanding: 81,896,376

2025-03-31

38.71%

Inst. Shares: 31,658,133

Shares Outstanding: 81,785,011

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	34,858,016	83,799,366	41.60%
2025-12-31	35,428,970	83,213,589	42.58%
2025-09-30	35,327,808	82,025,586	43.07%
2025-06-30	30,156,312	81,896,376	36.82%
2025-03-31	31,658,133	81,785,011	38.71%
2024-12-31	26,315,804	75,353,889	34.92%
2024-09-30	20,533,688	68,096,161	30.15%
2024-06-30	22,926,584	67,800,188	33.81%
2024-03-31	22,672,695	67,283,574	33.70%
2023-12-31	23,807,793	66,710,795	35.69%
2023-09-30	25,054,623	66,604,981	37.62%
2023-06-30	24,612,958	66,595,606	36.96%
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CADIZ INC (CDZI) — SEC Financial Statements & Analysis

CADIZ INC (CDZI) is a water supply company, incorporated in DE. CADIZ INC trades on Nasdaq as: CDZI, CDZIP. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), CADIZ INC reported a -21.32% year-over-year revenue growth, a Gross Profit Margin of 27.14% (TTM), a Debt-to-Equity ratio of 27.89x, a Price-to-Sales (P/S) ratio of 29.70x (TTM), a Price-to-Book (P/B) ratio of 75.41x (TTM), at a market cap of $351.79M. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y: -21.32%
Gross Profit Margin TTM: 27.14%
Debt To Equity: 27.89x
P/S TTM: 29.70x
P/B TTM: 75.41x
Market Cap: $351.79M

Data as of 2026-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is CADIZ INC in?

CADIZ INC (CDZI) operates in the Water Supply industry.

What is CDZI's market cap?

CADIZ INC (CDZI) has a market capitalization of $351.79M as of 2026-06-30.

What exchange does CDZI trade on?

CADIZ INC (CDZI) trades on the Nasdaq.

Where is CADIZ INC incorporated?

CADIZ INC is incorporated in DE.

CADIZ INC

Financial Statements

Custom Table

Interactive Financial Visualizations

Earnings Market Reaction

Performance and Valuation Metrics

Insider Transactions

Institutional Ownership

CADIZ INC (CDZI) — SEC Financial Statements & Analysis

Frequently Asked Questions

Companies in Water Supply

Wall Street's data.
Main Street's price.

CADIZ INC (CDZI) — SEC Financial Statements & Analysis

Frequently Asked Questions

Companies in Water Supply

Wall Street's data.Main Street's price.

Wall Street's data.
Main Street's price.