Cadiz Inc.
UtilitiesNASDAQ:CDZI · NASDAQ Global Market
-$0.03 today
Vol 0.35M · Avg 0.77M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$15.0M of revenue converted into -$33.2M of net income for the selected period. Gross margin is 30.5% and net margin is -269.6%, showing how much revenue survives after costs and taxes. EPS is $-0.46, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $16.3M +69.8% | $9.6M +382.6% | $2.0M +32.6% | $1.5M +166.1% | $564.0K | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $11.2M +53.0% | $7.3M +152.8% | $2.9M +39.7% | $2.1M | $0 | $725.6M | $804.0M | $882.4M |
| Gross Profit | $5.2M +122.9% | $2.3M +357.8% | -$896.0K -58.3% | -$566.0K -200.4% | $564.0K | $8.9B | $7.6B | $6.2B |
| Gross Margin | 31.6% +7.5pp | 24.0% +69.0pp | -45.0% -7.3pp | -37.7% -137.7pp | 100.0% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $29.5M +21.1% | $24.3M +29.5% | $18.8M +22.5% | $15.3M -13.1% | $17.7M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $30.7M +20.3% | $25.6M +27.5% | $20.0M +25.3% | $16.0M -11.5% | $18.1M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $1.6M +17.4% | $1.4M +0.6% | $1.4M +103.7% | $672.0K +53.4% | $438.0K | $374.2M | $1.2B | $631.8M |
| EBITDA | -$23.4M -9.2% | -$21.4M +12.5% | -$24.5M -54.5% | -$15.8M +21.8% | -$20.3M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | -143.5% +79.7pp | -223.2% +1006.9pp | -1230.1% -174.1pp | -1056.0% +2536.9pp | -3592.9% | 5.6% | 46.3% | 42.0% |
| Operating Income | -$25.6M -10.1% | -$23.2M -11.0% | -$20.9M -26.4% | -$16.6M +5.4% | -$17.5M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | -156.9% +85.1pp | -242.0% +809.8pp | -1051.7% +51.7pp | -1103.4% +2001.6pp | -3105.0% | 16.6% | 24.1% | 22.0% |
| Interest Income | $477.0K +284.7% | $124.0K -80.3% | $631.0K | $0 | $0 | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $9.1M +13.9% | $8.0M +43.6% | $5.6M -32.5% | $8.3M -13.9% | $9.6M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$8.5M -8.4% | -$7.9M +24.9% | -$10.5M -27.6% | -$8.2M +40.1% | -$13.7M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | -$34.1M -9.7% | -$31.1M +1.0% | -$31.4M -26.8% | -$24.8M +20.7% | -$31.2M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | -209.3% +114.7pp | -324.0% +1254.9pp | -1578.9% +72.4pp | -1651.2% +3887.6pp | -5538.8% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | -$11.0K -200.0% | $11.0K +0.0% | $11.0K +57.1% | $7.0K -30.0% | $10.0K | $1.3B | -$1.6B | $745.2M |
| Net Income | -$34.1M -9.6% | -$31.1M +1.0% | -$31.4M -26.8% | -$24.8M +20.7% | -$31.2M | $4.9B | $4.8B | $4.7B |
| Net Margin | -209.2% +114.9pp | -324.1% +1255.3pp | -1579.4% +72.3pp | -1651.7% +3888.9pp | -5540.6% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | -$0 +9.4% | -$1 +5.4% | -$1 +6.7% | -$1 +28.6% | -$1 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | -$0 +9.4% | -$1 +5.4% | -$1 +6.7% | -$1 +28.6% | -$1 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $81.1M +17.7% | $68.8M +4.9% | $65.7M +31.7% | $49.9M +23.0% | $40.6M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $81.1M +17.7% | $68.8M +4.9% | $65.7M +31.7% | $49.9M +23.0% | $40.6M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Energy Vault Holdings, Inc.
NYSE:NRGV
$766.46M
The York Water Company
NASDAQ:YORW
$485.63M
Consolidated Water Co. Ltd.
NASDAQ:CWCO
$481.77M
Genie Energy Ltd.
NYSE:GNE
$372.03M
Artesian Resources Corporation
NASDAQ:ARTNA
$338.33M
Pure Cycle Corporation
NASDAQ:PCYO
$258.63M
Global Water Resources, Inc.
NASDAQ:GWRS
$202.21M
Georgia Power Company 5% JR SUB NT 77
NYSE:GPJA
$200.33M
New Fortress Energy Inc.
NASDAQ:NFE
$145.67M
NextNRG Inc.
NASDAQ:NXXT
$53.13M
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does CDZI generate?
Cadiz Inc. (CDZI) reported $16.31M of revenue in fiscal 2025.
Is CDZI profitable?
Cadiz Inc. (CDZI) reported -$34,129,000.00 of net income, with a net margin of -209.2%.
Explore More
Continue the stock analysis
Jump to another research area for this company.