Cadiz Inc. (CDZI) AI Stock Analysis

Cadiz Inc. is a natural resources development company founded in 1983 and based in Los Angeles, California. The company focuses on water resource and agricultural development activities primarily in San Bernardino County. Cadiz owns approximately 35,000 acres in the Cadiz and Fenner valleys and an additional 11,000 acres in the eastern Mojave Desert region. Its operations include cultivating lemons along with seasonal plantings of vegetables and grains. In addition to agriculture, the company engages in water resource management initiatives aimed at developing sustainable water supplies through conservation and recharge projects across Southern California's arid environment.

Cadiz generated $564,000 in revenue in FY2021, which grew to $1.5M in FY2022, $2.0M in FY2023, $9.6M in FY2024, and $16.3M in FY2025, representing a 5-year revenue CAGR of 97.6%. Annual revenue growth reached 69.8% in FY2025, following 382.6% in FY2024. Gross margin improved from -37.7% in FY2022 to 31.6% in FY2025. However, operating margin remained deeply negative at -156.9% in FY2025, yielding a net loss of -$34.1M and an EPS of -$0.48. For the latest quarter ended June 30, 2026, quarterly revenue fell 76.3% year-over-year, while TTM revenue stood at $11.8M with a TTM operating margin of -902.4% and an EPS of -$0.50.

As of June 30, 2026, Cadiz held $5.3M in cash and short-term investments against $120.0M in total debt, resulting in net debt of $114.6M. Shareholders' equity was $4.7M and total assets stood at $134.8M. The company had a current ratio of 1.16 and a debt-to-equity ratio of 25.72. Operating cash flow in FY2025 was -$18.9M, and free cash flow was -$26.5M. Cash outlays in FY2025 included $7.6M for capital expenditures and $5.1M in dividends paid, while the 5-year share count increased 93.8%.

Cadiz trades at a market capitalization of $327.7M and an enterprise value of $439.4M. Its forward P/E ratio of 61.7x sits well above the 17.2x median of its US-listed Industrials peers. The company carries a price-to-sales ratio of 27.7x, compared to the peer median of 1.5x, alongside an EV-to-revenue multiple of 36.1x and a price-to-book ratio of 67.2x. Over the past year, the stock declined 29.9%, trailing the S&P 500 return of 16.8%. Over a 5-year period, Cadiz shares fell 47.3%, compared to an 83.0% gain for the benchmark.

Wall Street analysts maintain 2 Strong Buy and 1 Buy recommendations, with 0 Hold, 0 Sell, and 0 Strong Sell ratings. The mean price target of $10.33 implies an upside of 167.0% from the last close of $3.87 on October 16, 2026. For the fiscal year ending December 31, 2026, analysts expect an EPS of -$0.56 on revenue of $8.3M. The company recorded 0 EPS beats over the last 4 quarters. The next earnings date is scheduled for November 12, 2026.

This page is an AI-written research summary of Cadiz Inc. (CDZI). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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