CDZI
Cadiz Inc Utilities Water Supply Russell 3000
$4.55Close
$378.6MMarket cap
$3.22 – $4.7252-week range
Nov 12, 2026Next report
Highlights
Cautions
- Results soon Nov 12, 2026, in 11 days
- Financial distress Altman Z″ in the distress zone
Price
Filing Results Screen pick 52-week high and low Adjusted prices
Key figures
Off 12-month high
4%
1wk
up 4.8%
price change
1mo
up 16.1%
price change
12-month return
up 15%
total, dividends included
F-score
4 / 9
Weak
Altman Z″
-16.89
Elevated risk
P/E
—
price / earnings
PEG
—
P/E / EPS growth
P/B
16.3×
price / book
Earnings yield
down 5.8%
EBIT / enterprise value
Cheaper than
10%
of the market · expensive
Revenue growth
up 70%
year on year
EPS growth
—
latest quarter
Sales growth
down 76%
latest quarter · -32 pts
ROE
down 119%
return on equity
Free cash margin
down 162%
-$26.5M FCF
D/E
3.13
long-term debt / equity
Net debt / EBITDA
—
Interest cover
Lossoperating loss
Piotroski tests
- not yet profitable on its assets
- operating cash flow is negative
- took on more long-term debt
- short-term liquidity weakened
- issued more shares
- profitability improving
- profits backed by cash
- gross margin widened
- assets working harder
Repair signals
- Gross margin 24.0% → 31.6%
Trade setup
ATR%
6.5%
$0.29 a day · 2×ATR $3.96
RS
—
vs the universe
Trend
—
trend template
Relative volume
—
vs 50-day average
Up/down volume
—
50 sessions
Implied move
—
no option chain · report Nov 12, 2026
Screen verdict
Did not qualify for any screen.
Warning signs
- Bankruptcy model reads distressed The Altman score sits inside the range historically associated with financial distress. It is used here only to exclude, never to rank, and it is a statistical band rather than a prediction about this company.
- Losing money before interest is even paid The company made an operating loss, so interest is not covered at all - the debt is being serviced from cash reserves, asset sales or new borrowing rather than from the business.
- Shareholders diluted The share count rose 10.4% over the year, from 75m to 83m shares. Each existing share owns a smaller fraction of the company than it did a year ago.
Financials
- Gross 32%
- Net -209%
- Free cash -162%
- Cash
- Long-term debt
| FY2020Dec 31, 2020 | FY2021Dec 31, 2021 | FY2022Dec 31, 2022 | FY2023Dec 31, 2023 | FY2024Dec 31, 2024 | FY2025Dec 31, 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $541,000 | $564,000 | $1.5M | $2.0M | $9.6M | $16.3M |
| Gross margin | — | 100% | -38% | -45% | 24% | 32% |
| Operating income | -$11.8M | -$17.5M | -$16.6M | -$20.9M | -$23.2M | -$25.6M |
| Net income | -$37.8M | -$31.2M | -$24.8M | -$31.4M | -$31.1M | -$34.2M |
| Net margin | -6990% | -5541% | -1652% | -1579% | -324% | -209% |
| Earnings per share | -$1,106.15 | — | — | — | — | — |
| Free cash flow | -$19.2M | -$38.2M | -$22.0M | -$26.7M | -$22.5M | -$26.5M |
| Free cash margin | -3541% | -6770% | -1464% | -1342% | -234% | -162% |
| Cash | $7.3M | $11.0M | $10.0M | $4.5M | $17.3M | $8.6M |
| Long-term debt | $78.6M | $46.5M | $49.0M | $37.7M | $56.7M | $72.7M |
| Shareholders' equity | -$25.3M | $40.6M | $34.2M | $40.0M | $34.0M | $23.3M |
| Shares outstanding | 36.90m | 43.66m | 55.82m | 66.71m | 75.35m | 83.21m |
Filings
| Filed | Report | Period to | Lag |
|---|---|---|---|
| Aug 13, 2026 | Quarterly ↗ | Jun 30, 2026 | 44d |
| May 14, 2026 | Quarterly ↗ | Mar 31, 2026 | 44d |
| Mar 31, 2026 | Annual ↗ | Dec 31, 2025 | 90d |
| Nov 13, 2025 | Quarterly ↗ | Sep 30, 2025 | 44d |
| Aug 13, 2025 | Quarterly ↗ | Jun 30, 2025 | 44d |
| May 14, 2025 | Quarterly ↗ | Mar 31, 2025 | 44d |
| Mar 28, 2025 | Annual ↗ | Dec 31, 2024 | 87d |
| Nov 13, 2024 | Quarterly ↗ | Sep 30, 2024 | 44d |
| Aug 13, 2024 | Quarterly ↗ | Jun 30, 2024 | 44d |
| May 14, 2024 | Quarterly ↗ | Mar 31, 2024 | 44d |
| Mar 28, 2024 | Annual ↗ | Dec 31, 2023 | 88d |
| Nov 13, 2023 | Quarterly ↗ | Sep 30, 2023 | 44d |
Current reports
| Filed | Disclosed |
|---|---|
| Oct 29, 2026 | Material agreement · Regulation FD · Other events ↗ |
| Jul 28, 2026 | Material agreement ↗ |
| Jul 27, 2026 | Director or officer change · Regulation FD ↗ |
| Jul 15, 2026 | Other events ↗ |
| Jun 23, 2026 | Charter or bylaws · Shareholder vote ↗ |
| May 20, 2026 | Regulation FD ↗ |
| Feb 4, 2026 | Director or officer change ↗ |
| Oct 28, 2025 | Material agreement · New obligation · Regulation FD · Other events ↗ |
| Sep 26, 2025 | Other events ↗ |
| Aug 7, 2025 | Other events ↗ |
| Jun 20, 2025 | Regulation FD · Other events ↗ |
| Jun 13, 2025 | Shareholder vote ↗ |