Cadiz (CDZI)

Utilities · Utilities - Regulated Water
$3.42 -2.84% on the day Market cap $253M 52-week range $2.87 to $6.96 Prices as of Oct 11, 2026

What the price implies

A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.

Cadiz's free cash flow was negative in fiscal 2025, so a cash-flow reverse DCF doesn't give a meaningful answer. The Modeling tab works from revenue and margins instead.

Fundamental grade

F

Five factors scored 1 to 9 from CDZI's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.

Valuation4
Profitability1
Growth0
Financial health2
Cash efficiency0

Results from SEC filings

Fiscal years, from Cadiz's 10-K filings. Ten years of the full income statement, balance sheet and cash flow.

Fiscal year20212022202320242025
Revenue$564,000$2M$2M$10M$16M
Net income-$31M-$25M-$31M-$31M-$34M
Free cash flow-$38M-$22M-$27M-$22M-$27M
EPS (diluted)-$0.84-$0.60-$0.56-$0.53-$0.48
Operating margin-3105.0%-1103.4%-1051.7%-242.0%-156.9%

Where the revenue comes from

Revenue by segments, fiscal 2025. Every breakdown, year by year.

Water Treatment$14M89%
Water and Land Resources$2M11%

Superinvestors who own CDZI

From each investor's latest 13F filing (what a 13F shows). 1 of the investors we track hold it.

InvestorLast quarterValue% of portfolioQuarter
Cliff Asness
AQR Capital Management
Trimmed $1M0.0%Q2 2026

Insider buying

Open-market purchases by Cadiz's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you. Every purchase since records began.

No open-market insider purchases of CDZI in the last 12 months. Most insider activity is selling and option exercises, which aren't shown here.

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In the full deep dive

DCF fair value per share
Yearly return (IRR) at today's price
Growth implied by revenue and margins
15+ years of statements and quarters

Questions

Are Cadiz insiders buying the stock?

No open-market insider purchases of CDZI in the last 12 months, according to SEC Form 4 filings.

Which superinvestors own Cadiz?

1 of the superinvestors Investingly tracks hold CDZI in their latest 13F, including Cliff Asness.

Prices and ratios as of Oct 11, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.