CADIZ financials
$3.580.00%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $16.3M | $9.6M | $2.0M | $1.5M | $564.0K | $541.0K | $441.0K | $440.0K | $437.0K | $412.0K |
| Gross profit | $5.2M | $2.3M | -$896.0K | -$566.0K | $564.0K | $541.0K | $441.0K | $440.0K | $437.0K | $412.0K |
| Gross margin | 31.6% | 24.0% | −45.0% | −37.7% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating income | -$25.6M | -$23.2M | -$20.9M | -$16.6M | -$17.5M | -$11.8M | -$12.0M | -$11.2M | -$12.6M | -$9.2M |
| Net income | -$39.2M | -$36.2M | -$36.6M | -$29.9M | -$34.0M | -$37.8M | -$29.5M | -$26.3M | -$33.9M | -$26.3M |
| Net margin | −240.5% | −377.2% | −1835.9% | −1991.9% | −6025.9% | −6990.2% | −6695.7% | −5971.1% | −7749.2% | −6393.0% |
| Diluted EPS | $-0.48 | $-0.53 | $-0.56 | $-0.60 | $-0.84 | $-1.11 | $-1.11 | $-1.09 | $-1.50 | $-1.41 |
| EBITDA | -$24.3M | -$22.0M | -$19.7M | -$15.9M | -$17.1M | -$11.4M | -$11.7M | -$11.0M | -$12.4M | -$8.9M |
| Operating cash flow | -$18.9M | -$21.5M | -$20.9M | -$18.6M | -$15.3M | -$13.4M | -$13.7M | -$12.2M | -$10.5M | -$9.5M |
| Free cash flow | -$26.5M | -$22.5M | -$26.7M | -$22.0M | -$38.2M | -$19.2M | -$15.3M | -$13.9M | -$11.5M | -$9.5M |
| Diluted shares | 81.1M | 68.8M | 65.7M | 49.9M | 40.6M | 34.2M | 26.5M | 24.0M | 22.5M | 18.7M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $8.6M | $17.3M | $4.5M | $10.0M | $11.0M | $7.3M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $72.8M | $56.8M | $37.9M | $49.1M | $46.6M | $78.6M |
| Total assets | $140.9M | $134.5M | $107.4M | $110.8M | $112.5M | $74.4M |
| Total liabilities | $117.7M | $100.5M | $67.4M | $76.6M | $71.9M | $99.7M |
| Shareholders' equity | $23.3M | $34.0M | $40.0M | $34.2M | $40.6M | -$25.3M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology