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Cadiz, Inc.

CDZI Utilities Water Supply
$4.06
▲ +1.5% Today
as of Oct 23, 09:16 ET
Last 30 days +12.78% Sep 14 → Oct 22
$3.15 $3.40 $3.64 $3.88 $4.13 Sep 14 Sep 22 Sep 29 Oct 07 Oct 14 Oct 22
Open
$3.96
High
$4.14
Low
$3.92
Volume
$853,831
Avg Vol
$939,312
Mkt Cap
$313M
P/E (TTM)
—
Beta
—
52w High
$6.96
52w Low
$2.87
Div Yield
—
Shares Out
$84M

Recent Press Releases & News last 60 days · 1 item

Sep 25 · 13:00 PR PR Newswire
Cadiz Inc. Declares Quarterly Dividend for Q3 2026 on Series A Cumulative Perpetual Preferred Stock

CDZI earnings at a glance

The options market is pricing a move of about ±65.3% after the report, a range of roughly $1.41 to $6.71 from today's $4.06. Over its last 2 reports the stock rose the next day 0 times and fell 2, moving ±3.2% on average; after the most recent report on May 14, 2026 it moved -1.1%. That means options currently expect more movement than CDZI has typically delivered. CDZI beat the consensus EPS estimate in 0 of its last 4 reported quarters. Implied volatility is currently 6%. The share price of $4.06 sits in the middle of its 52-week range.

More Utilities stocks · All stocks · Earnings calendar

Overview

52-week range
$2.87
$6.96
29% of range
Avg surprise (last 4)
-20.1%
Avg reaction (last 2)
-3.2%
0% positive
Latest IV / EM
553%
EM ±65.3% · $3 · Oct 16

Earnings trends

EPS — actual vs estimate Actual Estimate
$-0.64$-0.38$-0.11$0.15$0.41 Actual $-0.14Est $-0.11Actual $-0.11Est $-0.09Actual $-0.10Est $-0.09Actual $-0.12Est $-0.10 Mar/2025Jun/2025Sep/2025Mar/2026
Revenue vs Net Income Revenue Net income
$-11M$-7M$-4M$423,838$4M Sep 24Mar 25Jun 25Sep 25Mar 26Jun 26

Earnings history

DatePeriodActual EPSEstSurpriseYoY %ΔDay reactSource
Thu May 14, 2026Mar/2026 $-0.12 $-0.10 -20.0% +14.3% -1.1% earnings
Thu Nov 13, 2025Sep/2025 $-0.10 $-0.09 -11.1% — — earnings
Wed Aug 13, 2025Jun/2025 $-0.11 $-0.09 -22.2% — — earnings
Wed May 14, 2025Mar/2025 $-0.14 $-0.11 -27.3% — -5.4% earnings

Financials

Income statement (quarterly)

MetricJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue$979,000$2M—$4M$4M$3M—$3M
Cost of revenue$1M$1M—$3M$3M$2M—$2M
Gross profit————————
Operating income$-9M$-7M—$-5M$-6M$-8M—$-5M
Net income$-11M$-9M—$-7M$-8M$-10M—$-7M
EPS (diluted)————————

Balance sheet (quarterly)

MetricJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Cash & equivalents$5M$17M$9M$4M$13M$22M$17M$3M
Inventory$2M$1M$1M$3M$3M$3M$3M$4M
Total current assets$11M$24M$16M$12M$21M$31M$26M$12M
Total assets$135M$146M$141M$128M$136M$146M$134M$113M
Long-term debt$87M$86M$73M$60M$59M$58M$57M$56M
Total liabilities$130M$131M$118M$100M$101M$102M$101M$92M
Total equity$5M$16M$23M$28M$36M$44M$34M$21M

Implied volatility — last 90 days

129%458%787%1116%1444% Jun 07 — IV 235% · EM ±32.6%Jun 08 — IV 345% · EM ±45.6%Jun 09 — IV 379% · EM ±47.5%Jun 10 — IV 434% · EM ±51.3%Jun 11 — IV 484% · EM ±53.5%Jun 12 — IV 465% · EM ±47.6%Jun 16 — IV 1097% · EM ±64.8%Jun 17 — IV 1221% · EM ±51.0%Jun 19 — IV 245% · EM ±54.1%Jun 22 — IV 249% · EM ±52.0%Jun 23 — IV 258% · EM ±52.8%Jun 24 — IV 268% · EM ±53.6%Jun 25 — IV 413% · EM ±80.8%Jun 26 — IV 344% · EM ±65.9%Jun 29 — IV 378% · EM ±67.0%Jun 30 — IV 208% · EM ±35.9%Jul 01 — IV 264% · EM ±44.1%Jul 02 — IV 255% · EM ±41.2%Jul 03 — IV 267% · EM ±41.8%Jul 06 — IV 282% · EM ±39.0%Jul 07 — IV 288% · EM ±38.0%Jul 08 — IV 373% · EM ±46.7%Jul 09 — IV 414% · EM ±48.9%Jul 10 — IV 278% · EM ±30.8%Jul 13 — IV 751% · EM ±62.7%Jul 14 — IV 733% · EM ±53.0%Jul 15 — IV 1281% · EM ±75.7%Jul 16 — IV 1445% · EM ±60.3%Jul 20 — IV 236% · EM ±55.7%Jul 21 — IV 225% · EM ±52.4%Jul 22 — IV 296% · EM ±67.8%Jul 23 — IV 229% · EM ±51.6%Jul 24 — IV 229% · EM ±50.6%Jul 27 — IV 280% · EM ±58.4%Jul 28 — IV 198% · EM ±40.6%Jul 29 — IV 373% · EM ±74.6%Jul 30 — IV 219% · EM ±43.0%Jul 31 — IV 236% · EM ±45.2%Aug 03 — IV 265% · EM ±46.9%Aug 05 — IV 436% · EM ±72.8%Aug 06 — IV 397% · EM ±64.2%Aug 07 — IV 327% · EM ±51.1%Aug 10 — IV 468% · EM ±64.8%Aug 11 — IV 395% · EM ±52.1%Aug 12 — IV 621% · EM ±77.8%Aug 13 — IV 620% · EM ±73.2%Aug 14 — IV 574% · EM ±63.4%Aug 17 — IV 542% · EM ±45.3%Aug 18 — IV 578% · EM ±41.8%Aug 19 — IV 817% · EM ±48.2%Aug 20 — IV 1349% · EM ±56.3%Aug 24 — IV 296% · EM ±61.8%Aug 25 — IV 130% · EM ±26.6%Aug 26 — IV 136% · EM ±27.3%Aug 27 — IV 266% · EM ±52.0%Aug 28 — IV 177% · EM ±33.8%Aug 31 — IV 313% · EM ±55.4%Sep 01 — IV 344% · EM ±59.2%Sep 02 — IV 309% · EM ±51.6%Sep 03 — IV 302% · EM ±48.9%Sep 04 — IV 300% · EM ±46.8%Sep 07 — IV 338% · EM ±46.8%Sep 08 — IV 307% · EM ±40.6%Sep 09 — IV 384% · EM ±48.1%Sep 10 — IV 347% · EM ±41.0%Sep 11 — IV 657% · EM ±72.6%Sep 14 — IV 732% · EM ±61.1%Sep 15 — IV 847% · EM ±61.3%Sep 16 — IV 1023% · EM ±60.4%Sep 17 — IV 1421% · EM ±59.3%Sep 21 — IV 361% · EM ±75.4%Sep 22 — IV 351% · EM ±71.8%Sep 23 — IV 369% · EM ±73.8%Sep 24 — IV 365% · EM ±71.4%Sep 25 — IV 365% · EM ±69.9%Sep 28 — IV 355% · EM ±62.8%Sep 29 — IV 357% · EM ±61.5%Sep 30 — IV 405% · EM ±67.6%Oct 01 — IV 443% · EM ±71.6%Oct 02 — IV 434% · EM ±67.9%Oct 06 — IV 496% · EM ±65.5%Oct 07 — IV 430% · EM ±53.9%Oct 08 — IV 553% · EM ±65.3%

Sector peers

ARTNA
Artesian Resources Corporation
$346M $34.01+1.7%
PCYO
Pure Cycle Corporation
$262M $10.77+1.3%
GWRS
Global Water Resources, Inc.
$239M $7.90+1.7%
CWCO
Consolidated Water Co. Ltd.
$461M $28.05+1.3%
YORW
The York Water Company
$500M $31.69+3.1%
MSEX
Middlesex Water Company
$1.0B $55.80+3.3%

CDZI earnings FAQ

What is CDZI's expected move for earnings?

Options currently price a move of about ±65.3%, or $2.65 per share either way from $4.06.

How does CDZI stock usually react to earnings?

Across the last 2 reports the average next-day move was ±3.2%, up 0 times and down 2 times.

What is CDZI's implied volatility?

CDZI's at-the-money implied volatility is about 6% based on the latest options snapshot.

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