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Cadiz CDZI Operating Income

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Segments

By segment

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Water And Land Resources-$7.63M
Water Treatment$93K

Other financials

Income statement

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Revenue$1.6M-44.8%
Gross profit$425.0K-51.5%
Net income-$8.6M+10.0%
EPS (diluted)-$0.16

Balance sheet

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Cash & equivalents$16.5M-23.3%
Total debt$88.9M+44.7%
Total equity$15.6M-64.5%
Total assets$146.1M+0.4%

Cash flow

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Operating cash flow-$5.5M-51.2%
CapEx$242.0K-81.2%
Free cash flow-$5.8M-16.6%

Valuation

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Market cap$290.94M+0.3%
Enterprise value$363.28M+7.3%
P/S19.4×+0.1×

Profitability

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Gross margin31.3%+4.5pp
Operating margin-166.1%-34.9pp
Net margin-221.4%-44.6pp
FCF margin-182.3%-22.8pp

Returns & leverage

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Return on equity-111.3%+53.5pp
Debt / equity5.7×+4.3×
Current ratio1.9×-0.3×

Where this comes from

Reported directly by Cadiz in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: Cadiz’s 10-Q, filed May 14, 2026.

Filed
May 14, 2026, 4:10 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001437749-26-017051
($ in thousands, except per share data)For the Three Months / Ended March 31, 2026For the Three Months / Ended March 31, 2025
General and administrative6,8778,107
Depreciation383302
Total costs and expenses8,46710,487
Operating loss(6,835)(7,533)
Interest expense, net(2,465)(2,057)
Gain on derivative liability667-
Loss before income taxes(8,633)(9,590)
Income tax expense(3)(3)

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FAQ

What is Cadiz's operating income?
Cadiz (CDZI) reported operating income of -$6.84M in Q1 2026.
How has Cadiz's operating income changed year-over-year?
Cadiz's operating income increased by 9.3% year-over-year, from -$7.53M to -$6.84M.
What is the long-term trend for Cadiz's operating income?
Over 4 years (2021 to 2025), Cadiz's operating income has grown at a 10.0% compound annual growth rate (CAGR), from -$17.51M to -$25.6M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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