CDZI · XBRL financial data

Cadiz financial statements, every fiscal year

The same tables from 7 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (CDZI's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	541	564	1,501	1,991	9,608	16,313
Cost of goods and services sold	—	0	2,067	2,887	7,298	11,163
General and administrative	11,914	17,653	15,342	18,797	24,345	29,484
Operating income (loss)	(11,754)	(17,512)	(16,562)	(20,940)	(23,249)	(25,598)
Interest income	33	0	—	—	—	—
Interest expense	11,526	11,386	8,263	4,944	7,880	8,580
Income tax expense (benefit)	7	10	7	11	11	11
Net income (loss)	(37,817)	(31,249)	(24,792)	(31,446)	(31,140)	(34,151)
Earnings per share, basic USD per share	—	(0.84)	(0.60)	(0.56)	(0.53)	(0.48)
Weighted average shares, diluted thousands of shares	34	—	—	—	—	—

Fiscal years (CDZI's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	7,290	10,965	9,997	4,502	17,292	8,599
Accounts receivable	55	270	454	904	4,586	5,613
Inventory	—	0	316	2,106	3,020	1,138
Prepaid and other current assets	691	691	696	508	888	701
Total current assets	8,036	13,214	12,435	8,020	25,786	16,051
Property and equipment, net	53,481	78,890	84,138	87,217	88,362	95,384
Right-of-use asset	15	3,281	553	431	3,746	3,394
Goodwill	3,813	3,813	5,714	5,714	5,714	5,714
Total assets	74,363	112,493	110,787	107,374	134,494	140,914
Accounts payable	548	286	1,107	1,245	2,261	3,783
Accrued liabilities	674	808	1,545	1,170	7,997	2,370
Current portion of long-term debt	51	107	140	182	120	51
Total current liabilities	3,135	2,513	5,639	5,835	14,406	13,188
Long-term debt	78,596	46,477	48,950	37,711	56,708	72,705
Lease liability, non-current	17,183	3,257	444	318	3,473	3,122
Total liabilities	99,664	71,884	76,564	67,407	100,533	117,658
Accumulated deficit	(539,414)	(573,400)	(603,298)	(639,850)	(676,096)	(692,192)
Total stockholders' equity	(25,301)	40,609	34,223	39,967	33,961	23,256
Total liabilities and equity	74,363	112,493	110,787	107,374	134,494	140,914
Common shares outstanding (cover page) thousands of shares	38,343	50,752	66,541	67,063	81,785	83,424

Fiscal years (CDZI's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	(37,817)	(31,249)	(24,792)	(31,446)	(31,140)	(34,151)
Stock-based compensation	2,096	4,747	1,876	1,496	4,605	5,299
Depreciation and amortization	381	—	—	—	—	—
Net cash from operating activities	(13,428)	(15,274)	(18,599)	(20,924)	(21,532)	(18,930)
Purchases of property and equipment	5,729	22,908	3,376	5,787	934	7,576
Net cash from investing activities	(9,838)	(23,472)	(4,122)	(5,787)	(1,184)	(12,576)
Proceeds from issuing common stock	14,767	32,459	21,636	38,490	22,135	18,335
Dividends paid	0	1,449	5,106	5,106	5,106	5,106
Repayments of long-term debt	43	77,595	170	15,164	177	127
Net cash from financing activities	14,874	51,178	16,647	17,565	35,506	25,438
Net change in cash	(8,392)	12,432	(6,074)	(9,146)	12,790	(6,068)

SIC 4941 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 4941 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.

Company	Cash ($K)	Revenue, quarter ($K)	Operating cash flow, quarter ($K)	Shares outstanding	Runway	Quarter
Cadiz	5,319	979	(6,648)*	84.7M	0.8 quarters	Q2 FY26 10-QJun 30, 2026
Pure Cycle	8,440	8,222	3,469*	24.1M	—	Q3 FY26 10-QMay 31, 2026
Global Water Resources	3,457	16,301	6,916*	29.9M	—	Q3 FY26 10-QSep 30, 2026
Consolidated Water	132,629	32,870	12,028*	16.0M	—	Q2 FY26 10-QJun 30, 2026
York Water	555	23,515	11,873*	16.2M	—	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.