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Cadiz Inc., together with its subsidiaries, provides water solutions in the United States. The company operates in two segments, Land and Water Resources; and Water Filtration Technology. It offers water supply, water storage, and water conveyance, and wastewater treatment services, as well as local distribution systems and products. The company also provides water filtration solutions for impaired or contaminated groundwater sources. In addition, it is involved in the cultivation of grain crops, including alfalfa. The company serves public and private water systems, government agencies, and commercial businesses. Cadiz Inc. was founded in 1983 and is based in Los Angeles, California.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 5 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $16M | $-23M | $-34M | $-27M | -146.9% | 69.8% | 9.7% |
| 2024 | $10M | $-22M | $-31M | $-22M | -91.7% | 382.6% | -1.0% |
| 2023 | $2M | $-24M | $-31M | $-27M | -78.7% | 32.6% | 26.8% |
| 2022 | $2M | $-16M | $-25M | $-22M | -72.4% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2025 |
|---|---|
| Total Revenue | 16.31 |
| Operating Revenue | 16.31 |
| Cost Of Revenue | 11.16 |
| Gross Profit | 5.15 |
| Operating Expense | 30.75 |
| Selling General And Administration | 29.48 |
| Total Expenses | 41.91 |
| Operating Income | -25.60 |
| Total Operating Income As Reported | -25.60 |
| EBITDA | -23.41 |
| Normalized EBITDA | -23.45 |
| EBIT | -25.03 |
| Interest Income | 0.48 |
| Interest Expense | 9.11 |
| Net Interest Income | -8.58 |
| Other Income Expense | 0.04 |
| Interest Income Non Operating | 0.48 |
| Interest Expense Non Operating | 9.11 |
| Net Non Operating Interest Income Expense | -8.58 |
| Pretax Income | -34.14 |
| Tax Provision | 0.01 |
| Tax Rate For Calcs | 0 |
| Tax Effect Of Unusual Items | 0.01 |
| Net Income Continuous Operations | -34.15 |
| Net Income From Continuing And Discontinued Operation | -34.15 |
| Net Income From Continuing Operation Net Minority Interest | -34.15 |
| Net Income | -34.15 |
| Net Income Common Stockholders | -39.23 |
| Net Income Including Noncontrolling Interests | -34.15 |
| Normalized Income | -34.18 |
| Diluted NI Availto Com Stockholders | -39.23 |
| Basic Average Shares | 81.06 |
| Diluted Average Shares | 81.06 |
| Reconciled Depreciation | 1.62 |
| Reconciled Cost Of Revenue | 10.81 |
| Total Unusual Items | 0.04 |
| Total Unusual Items Excluding Goodwill | 0.04 |
| Preferred Stock Dividends | 5.08 |
| Earnings From Equity Interest Net Of Tax | - |
| Special Income Charges | - |
| Other Special Charges | - |
| Gain On Sale Of Security | 0.04 |
| Depreciation Amortization Depletion Income Statement | 1.26 |
| Depreciation And Amortization In Income Statement | 1.26 |
| General And Administrative Expense | 29.48 |
| Other Gand A | 29.48 |
| Total Other Finance Cost | -0.06 |
| Depreciation Income Statement | 1.26 |
Utilities sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Cadiz Inc.this co. | CDZI | $383M | -11.23 | 16.49 | -146.9% | -20.46 |
| Consolidated Water Co. Ltd. | CWCO | $481M | 26.23 | 2.17 | 8.3% | 12.42 |
| The York Water Company | YORW | $480M | 23.92 | 2.00 | 8.3% | 16.28 |
| OPAL Fuels Inc. | OPAL | $404M | 27.36 | -31.22 | -114.1% | 21.25 |
| Genie Energy Ltd. | GNE | $365M | 15.20 | 1.45 |
| - |
| - |
| - |
| - |
| 9.6% |
| 4.50 |
| Pure Cycle Corporation | PCYO | $249M | 18.97 | 1.74 | 9.2% | 11.57 |
| RGC Resources, Inc. | RGCO | $233M | 17.55 | 2.05 | 11.7% | 10.73 |
| Global Water Resources, Inc. | GWRS | $210M | 71.03 | 2.43 | 3.4% | 13.81 |
| XCF Global, Inc. | SAFX | $146M | 1.98 | 3.89 | 196.5% | 3.23 |
| Peer Median | - | 21.45 | 2.02 | 8.8% | 11.99 | |