Cadiz Inc (NASDAQ:CDZI)
Insiders here have filed 4 Form 4s in the last 90 days, but all of them are share awards, grants or other non-market transactions. Those are compensation, not a decision to buy, so they are not scored.
Loses money on what it sells.
- Revenue
- $11.8M
- Net income
- -$36.8M
- Net margin
- -310.9%
Heavily indebted for what it earns.
- Total debt
- $120.0M
- Cash
- $5.3M
- Debt / equity
- 25.72
Covers near-term obligations, without much room.
- Current assets
- $11.4M
- Current liabilities
- $9.9M
- Current ratio
- 1.16
Consumes cash and must keep raising it.
- Operating cash flow
- -$26.1M
- Free cash flow
- -$31.2M
- FCF margin
- -263.6%
Burning cash with under a year of runway — expect a raise.
- Shares outstanding
- 84.1M
- Share growth (1y)
- 2.7%
- Cash runway
- 2 months
Five pillars — profitability, leverage, liquidity, cash generation, dilution & runway — each scored 0–20 from the company’s own income statement, balance sheet and cash-flow statement, then scaled to 100. A pillar the statements cannot answer is left out rather than guessed; fewer than three and no score is shown.
CDZI Income Statement
| Fiscal Period | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Period Ending | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 |
| Revenue | 979.00 K | 1.63 M | 5.08 M | 4.15 M | 4.13 M | 2.95 M |
| Revenue Growth (YoY) | -76.27 % | -44.75 % | 7.03 % | 28.69 % | 704.29 % | 163.51 % |
| Cost of Revenue | 1.00 M | 1.21 M | 3.40 M | 3.02 M | 2.67 M | 2.08 M |
| Gross Profit | -24.00 K | 425.00 K | 1.68 M | 1.13 M | 1.46 M | 876.00 K |
| SG&A Expense | 8.42 M | 6.88 M | 8.72 M | 5.73 M | 6.93 M | 8.11 M |
| R&D Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 8.81 M | 7.26 M | 9.07 M | 6.03 M | 7.24 M | 8.41 M |
| Operating Income | -8.84 M | -6.83 M | -7.39 M | -4.90 M | -5.78 M | -7.53 M |
| Pretax Income | -11.37 M | -8.63 M | -9.75 M | -7.07 M | -7.73 M | -9.59 M |
| Tax Provision | 4.00 K | -3.00 K | 3.00 K | -3.00 K | 2.00 K | 3.00 K |
| Net Income | -11.37 M | -8.63 M | -9.76 M | -7.07 M | -7.73 M | -9.59 M |
| EPS (Basic) | -0.15 | -0.12 | -0.13 | -0.10 | -0.11 | -0.14 |
| EPS (Diluted) | -0.15 | -0.12 | -0.13 | -0.10 | -0.11 | -0.14 |
| Shares Outstanding | 84.15 M | 83.52 M | 81.06 M | 82.13 M | 81.94 M | 77.21 M |
Quarterly figures; YoY compares the same fiscal quarter a year earlier. Source: public market data.