CADIZ, Inc. (CDZI)

From the record

CADIZ, Inc.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

From the record

CADIZ, Inc.'s 10 filed years say what it did: revenue went from $412 thousand in fiscal 2016 to $16 million in fiscal 2025, up 50.5% a year; it rose in 9 of 9 years; it never fell from a peak; net income was positive in 0 of 10 of those years (its annual reports).

From the record

Return on equity: in the fiscal year ended 2025-12-31, CADIZ, Inc. lost about 147 cents for every dollar of shareholders' money, and gross profitability: its products earned about 4 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 83 cents per dollar of assets (the filed statements).

From the record

CADIZ, Inc.'s standing among 14 graded names in its industry family: revenue of $16 million in fiscal 2025 ranks in the bottom 8% by size; a net margin of -209.3% ranks in the bottom 7%; revenue growth of 121.5% a year over the last 3 filed years ranks in the top 7% (its annual reports).

From the record

CADIZ, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Kennedy, Susan P (Chief Executive Officer, as filed), filing under that title since 2024-01-04, 2.9 years (bottom 38% of its family); the 12 officers and directors filing in the last fifteen months have been on the record a median of 4.3 years (bottom 23%); 7 officer or director changes were reported on Form 8-K since 2023-11-13, against the 12 people in charge now (bottom 23%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

CADIZ, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $9 million against debt of $73 million leaves -45.5% of its assets as net cash, bottom 7% of its family; cash from operations less capital spending is -162.5% of revenue (bottom 7%); a gross margin of 31.6% (bottom 17%) (its annual report).

From the record

CADIZ, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 121.5% a year over the last three filed years against 50.5% over all 10, speeding up (top 7% of its family); the newest year grew 69.8% (top 7%); capital spending grew 30.9% a year (top 17%) (its annual reports). CADIZ, Inc. reported 2 lines of business in fiscal 2025: Water Treatment at $14 million (89%), Water and Land Resources at $2 million (11%); 2 of 2 grew against the year before (its annual report).

From the record

CADIZ, Inc.'s newest year against its own record: revenue of $16 million in fiscal 2025 came in 32.8% below the $24 million its prior three years' pace pointed to (bottom 8% of its family); net income of $34 million against a prior three-year average of $29 million (bottom 15%); a net margin of a loss larger than its revenue against losses larger than its revenue before (top 8%) (its annual reports).