
Cadiz Inc. Reports 42% Year-Over-Year Revenue Growth in Q3 2025

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Cadiz Inc. reported a 42% year-over-year revenue growth in Q3 2025, reaching $4.1 million. Year-to-date revenue increased by 131% to $11.2 million, driven by ATEC's contributions. ATEC's revenue rose to $10.1 million from $3.5 million in 2024. Gross margin improved to 50% from 32%. Operating loss was $4.9 million, slightly higher than $4.8 million in Q3 2024. ATEC achieved its second consecutive quarter of operating profit. Cadiz Inc. is developing the Mojave Groundwater Bank Project and green hydrogen initiatives at Cadiz Ranch.
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