Cadiz Inc (CDZI)
Cadiz Inc brought in $11.8M of revenue over the twelve months to June 30, 2026, down 21.3% from a year earlier. It posted a net loss of $36.8M. In fiscal 2025 capital spending exceeded operating cash flow by $26.5M. At June 30, 2026 it held $5.3M in cash against $87M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 13, 2026.
Watch CDZI in 60 secondsWhat Cadiz Inc does
Cadiz Inc is registered with the SEC under industry code SIC 4941 (Water Supply). Its shares trade on NASDAQ under the ticker CDZI.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $16.3M | -$34.2M | -$0.48 | -$26.5M |
| 2024 | $9.6M | -$31.1M | -$0.53 | -$22.5M |
| 2023 | $2M | -$31.4M | -$0.56 | -$26.7M |
| 2022 | $1.5M | -$24.8M | -$0.60 | -$22M |
| 2021 | $564K | -$31.2M | -$0.84 | -$38.2M |
| 2020 | $541K | -$37.8M | -$1.11 | -$19.2M |
Full financial statements: income, balance sheet and cash flow
Where CDZI ranks in Utilities
Dividends
It paid out $5.1M in cash dividends.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | n/a | $5.1M | n/a |
| 2024 | n/a | $5.1M | n/a |
| 2023 | n/a | $5.1M | n/a |
| 2022 | n/a | $5.1M | n/a |
| 2021 | n/a | $1.4M | n/a |
| 2020 | n/a | $0 | n/a |
Latest SEC filings
What Cadiz Inc has filed recently, newest first. Each links to the original document on SEC EDGAR.
- August 14, 2026
- August 13, 2026Quarterly report 10-Q · period to June 30, 2026Revenue fell 76% to $979K versus the same quarter last year; diluted EPS -$0.15 versus -$0.11.
- July 28, 2026
- July 27, 2026Passive stake (5% or more) SCHEDULE 13G
- July 27, 2026
- July 15, 2026Other event 8-K
- June 23, 2026
- May 20, 2026
- May 14, 2026Quarterly report 10-Q · period to March 31, 2026Revenue fell 45% to $1.6M versus the same quarter last year; diluted EPS -$0.12 versus -$0.14.
- May 6, 2026Additional proxy material DEFA14A
Insider trades
What the people running Cadiz Inc did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider bought or sold shares on the open market in the last 90 days. The 4 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 9, 2026 | Hernandez Jacinto JChief Financial Officer | Received as pay | 800,000 | - |
| July 1, 2026 | Lloyd Barbara ADirector | Received as pay | 1,116 | $4.7K |
| July 1, 2026 | Dreyfus Maria S.Director | Received as pay | 4,464 | $18.7K |
| July 1, 2026 | O'Hara David MarkDirector | Received as pay | 4,464 | $18.7K |
| June 30, 2026 | Courter Stephen EDirector | Received as pay | 6,103 | $25K |
| June 30, 2026 | Hickox Winston HDirector | Received as pay | 6,103 | $25K |
| June 30, 2026 | Lombard Kenneth TDirector | Received as pay | 6,103 | $25K |
| June 30, 2026 | Polanco Richard GarciaDirector | Received as pay | 6,103 | $25K |
| June 30, 2026 | Lloyd Barbara ADirector | Received as pay | 6,103 | $25K |
| June 30, 2026 | Dreyfus Maria S.Director | Received as pay | 6,103 | $25K |
| June 30, 2026 | Echaveste MariaDirector | Received as pay | 6,103 | $25K |
| June 30, 2026 | O'Hara David MarkDirector | Received as pay | 3,052 | $12.5K |
| May 26, 2026 | O'Hara David MarkDirector | Bought | 110,865 | $507.8K |
| May 20, 2026 | Rivera CathrynChief Operating Officer | Sold | 2,500 | $10.8K |
| April 8, 2026 | Speer Stanley EChief Financial Officer | Received as pay | 25,075 | - |
Who owns CDZI
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Heerema International Group Services S.A.13D, may seek influence | 38.1% | November 6, 2024 |
Largest institutional holders
Insiders
12 insiders reported holding 3,087,840 shares in total, about $11.1M at the last price.
| Holder | Shares |
|---|---|
| Kennedy Susan PChief Executive Officer, Director | 1,121,921 |
| Hernandez Jacinto JChief Financial Officer | 800,000 |
| Speer Stanley EChief Financial Officer | 283,860 |
| Hickox Winston HDirector | 199,174 |
| Dreyfus Maria S.Director | 196,570 |
| Rivera CathrynChief Operating Officer | 145,000 |
| O'Hara David MarkDirector | 125,357 |
| Courter Stephen EDirector | 81,592 |
| Echaveste MariaDirector | 45,730 |
| Lombard Kenneth TDirector | 30,990 |
Questions about CDZI
What does Cadiz Inc do?
Cadiz Inc is registered with the SEC under industry code SIC 4941 (Water Supply). Its shares trade on NASDAQ under the ticker CDZI.
Is Cadiz Inc profitable?
No. Over the twelve months to June 30, 2026 it reported a net loss of $36.8M on revenue of $11.8M.
How much revenue does Cadiz Inc make?
Over the twelve months to June 30, 2026 Cadiz Inc reported revenue of $11.8M. That is 21.3% less than a year earlier.
When did Cadiz Inc last report?
Its most recent periodic report is the quarterly report (10-Q) filed on August 13, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the insider trade from September 11, 2026.
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Follow CDZI: get an email when it filesWhere the numbers come from
Financial figures are the values Cadiz Inc tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.