Cadiz Inc. (CDZI) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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CDZI Revenue Growth
Revenue Breakdown (FY 2024)
CDZI's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
CDZI Revenue Analysis (2013–2024)
As of May 8, 2026, Cadiz Inc. (CDZI) generated trailing twelve-month (TTM) revenue of $16.0 million, reflecting exceptional growth of +28.7% year-over-year. The most recent quarter (Q3 2025) recorded $4.1 million in revenue, up 0.6% sequentially.
Looking at the longer-term picture, CDZI's 5-year compound annual growth rate (CAGR) stands at +85.2%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $9.6 million in 2024, representing a new all-time high.
Revenue diversification analysis shows CDZI's business is primarily driven by Water Treatment (100%). With over half of revenue concentrated in Water Treatment, the company maintains significant focus in this area while developing other growth vectors.
When compared to Utilities sector peers including MSEX (+1.8% YoY), YORW (-124.4% YoY), and ARTNA (+4.6% YoY), CDZI has outperformed the peer group in terms of revenue growth. Compare CDZI vs MSEX →
CDZI Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| CDZICurrent | $16M | +28.7% | +85.2% | -242.0% | |
 MSEX | $195M | +1.8% | +6.6% | 27.9% | |
 YORW | $77M | -124.4% | +7.5% | 35.8% | |
 ARTNA | $113M | +4.6% | +5.1% | 31.5% | |
 CWCO | $132M | -1.4% | +12.7% | 13901508.9% | |
 GWRS | $56M | +5.8% | +7.6% | 12.8% |
CDZI Historical Revenue Data (2013–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $9.6M | +382.6% | $2.3M | 24.0% | $-23,249,000 | -242.0% |
| 2023 | $2.0M | +32.6% | $-896,000 | -45.0% | $-20,940,000 | -1051.7% |
| 2022 | $1.5M | +166.1% | $-566,000 | -37.7% | $-16,562,000 | -1103.4% |
| 2021 | $564K | +4.3% | $564K | 100.0% | $-17,512,000 | -3105.0% |
| 2020 | $541K | +22.7% | $541K | 100.0% | $-11,754,000 | -2172.6% |
| 2019 | $441K | +0.2% | $441K | 100.0% | $-11,989,000 | -2718.6% |
| 2018 | $440K | +0.7% | $440K | 100.0% | $-11,220,000 | -2550.0% |
| 2017 | $437K | +6.1% | $163K | 37.3% | $-12,640,000 | -2892.4% |
| 2016 | $412K | +35.5% | $120K | 29.1% | $-9,210,000 | -2235.4% |
| 2015 | $304K | -9.5% | $-30,000 | -9.9% | $-14,009,000 | -4608.2% |
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Start ComparisonCDZI — Frequently Asked Questions
Quick answers to the most common questions about buying CDZI stock.
Is CDZI's revenue growth accelerating or slowing?
CDZI revenue is accelerating at +28.7% year-over-year, exceeding the 5-year CAGR of +85.2%. TTM revenue reached $16M. Growth momentum has increased versus prior periods.
What is CDZI's long-term revenue growth rate?
Cadiz Inc.'s 5-year revenue CAGR of +85.2% reflects the sustained expansion pattern. Current YoY growth of +28.7% is above this long-term average.
How is CDZI's revenue distributed by segment?
CDZI reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.