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CDZICadiz Inc.
$3.58$301M
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
CDZI logo

Cadiz Inc.

CDZI
NASDAQ · Water Utilities
$3.58
At close - Nov 6, 4:00 PM EST - USD
Market Cap$301M
P/E-8.2x
52W High$6.96
Volume1.06M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Debt-Funded Development Stage Utility Erodes Equity Base

Cadiz presents as a development-stage water asset company rather than a functioning regulated utility, with ten consecutive quarters of operating losses averaging roughly -80% margins and cumulative net losses exceeding $83 million against quarterly revenue oscillating between $0.5 million and $5.1 million.

GrowthContracting
ProfitabilityNegative
ValuationExpensive
TechnicalsWeak
Explore valuation models
MARKET ACTION

CDZI price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

0/12 Beats

EPS beat 0 of last 12 quarters

02

Valuation risk

-137% Peers

P/E is 137% below peer median

03

Market leadership

RS 34 · Lag

Laggard (Underperforming 66% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystConfirmed earnings · Nov 12

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
CDZI-38.28%
S&P 500 (^GSPC)+7.63%
1-Year Return
CDZI-26.94%
S&P 500 (^GSPC)+9.69%
3-Year Return
CDZI+8.16%
S&P 500 (^GSPC)+76.32%
5-Year Return
CDZI-40.63%
S&P 500 (^GSPC)+63.54%

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$16M+69.8% YoY
Net income FY25
-$34M-9.6% YoY
Free cash flow FY25
-$32M-40.2% YoY
Operating margin FY25
-156.9%+85.1 pts YoY
ROIC (FY25)-17.3%
Avg ROIC 5Y-16.1%
ROE (TTM)-206.7%
Piotroski Score4 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate0/12 (0%)
Revenue Beat Rate4/12 (33%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 13, 2026
-$0.15-20.0%
vs -$0.13
$989,500-67.7%
vs $3M
Q2 2026
May 14, 2026
-$0.12-20.0%
vs -$0.10
$2M-64.5%
vs $5M
Q2 2026
Mar 30, 2026
-$0.13-18.2%
vs -$0.11
$5M+6.3%
vs $5M
Q4 2025
Nov 13, 2025
-$0.10-11.1%
vs -$0.09
$4M-13.6%
vs $5M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Zacks Investment Research·Oct 22, 2026
New Strong Sell Stocks for October 22nd

CANG, CDZI and CNSY have been added to the Zacks Rank #5 (Strong Sell) List on October 22, 2026.

Zacks Investment Research·Oct 15, 2026
New Strong Sell Stocks for October 15th

CDZI, CNSY and CNTX have been added to the Zacks Rank #5 (Strong Sell) List on October 15, 2026.

PRNewsWire·Sep 25, 2026
Cadiz Inc. Declares Quarterly Dividend for Q3 2026 on Series A Cumulative Perpetual Preferred Stock

LOS ANGELES, Sept. 25, 2026 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI / CDZIP) ("Cadiz," the "Company"), a California water solutions company, today announced that its Board of Directors has declared the following cash dividend on the Company's 8.875% Series A Cumulative Perpetual Preferred Stock (the "Series A Preferred Stock").

PRNewsWire·Sep 1, 2026
Nomadar could become majority shareholder of Cadiz CF (La Liga) as club begins reorganization process

The proposed process remains subject to the required shareholder, corporate and other applicable approvals MARSHALL, Texas, Sept. 1, 2026 /PRNewswire/ -- Nomadar Corp. ("Nomadar" or the "Company") (NASDAQ: NOMA), a Nasdaq-listed global sports, tourism, technology, and experiential infrastructure company, today announced that Cádiz Club de Fútbol, S.A.D.

Filtered for Cadiz Inc.More Headlines
04

Compare before deciding

Benchmark CDZI against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Cadiz Inc. (CDZI)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
CDZI logoCDZICadiz Inc.Current
$3.58$301.03M-8.1869.79%-310.93%-206.7%1.76%
MSEX logoMSEXMiddlesex Water Company
$59.87$1.12B21.901.47%24.5%10.06%2.29%
YORW logoYORWThe York Water Company
$32.62$528.75M20.403.37%—9.45%2.69%
ARTNA logoARTNAArtesian Resources Corporation
$34.39$355.06M15.054.62%20.18%9.37%3.57%
CWCO logoCWCOConsolidated Water Co. Ltd.
$27.22$435.53M26.68-1.41%12.88%7.2%1.82%
GWRS logoGWRSGlobal Water Resources, Inc.
$7.28$209.4M88.145.82%3.98%2.77%4.16%

Compare CDZI vs Peers

Cadiz Inc. (CDZI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MSEX

Most directly comparable listed peer for CDZI.

Scale Benchmark

vs AWK

Larger-name benchmark to compare CDZI against a more recognizable public peer.

Peer Set

Compare Top 5

vs MSEX, YORW, ARTNA, CWCO

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

CDZI SEC Filings & Documents

Cadiz Inc. (CDZI) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jul 28, 2026·SEC

Material company update

Jul 27, 2026·SEC

Material company update

Jul 15, 2026·SEC

10-K Annual Reports

3
FY 2026

Mar 31, 2026·SEC

FY 2025

Mar 28, 2025·SEC

FY 2024

Mar 28, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 13, 2026·SEC

FY 2026

May 14, 2026·SEC

FY 2025

Nov 13, 2025·SEC

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CDZI Frequently Asked Questions

Cadiz Inc. (CDZI) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Cadiz Inc.'s revenue?

Cadiz Inc. (CDZI) reported $11.8M in revenue over the trailing twelve months. Revenue was $16.3M in fiscal year 2025. That is 2904% more than the $0.5M of fiscal year 1995.

How fast is Cadiz Inc. growing?

Cadiz Inc. (CDZI) revenue fell by 21.3% over the trailing twelve months, compared with the twelve months before.

Is CDZI profitable?

No. Cadiz Inc. (CDZI) reported a net loss of $36.8M over the trailing twelve months.

Dividend & Returns
Does CDZI pay dividends?

Yes. Cadiz Inc. (CDZI) pays a dividend that yields 1.76% at the current price, a moderate yield.

What is CDZI's return on equity?

Cadiz Inc. (CDZI) had a return on equity (ROE) of -206.7% over the trailing twelve months. A negative ROE means the company lost money over the period.

What is Cadiz Inc.'s free cash flow?

Cadiz Inc. (CDZI) had negative free cash flow of $31.2M over the trailing twelve months.

What if you invested $1,000 in CDZI back in 1995?

Total return calculator · dividends reinvested · 31+ years of data

See returns →