--- title: "Cadiz Pref Share CDZIP 8.87 Perp 07/02/26 | 10-K: FY2025 Revenue: USD 16.31 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/281193700.md" datetime: "2026-03-31T13:08:33.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/281193700.md) - [en](https://longbridge.com/en/news/281193700.md) - [zh-HK](https://longbridge.com/zh-HK/news/281193700.md) --- # Cadiz Pref Share CDZIP 8.87 Perp 07/02/26 | 10-K: FY2025 Revenue: USD 16.31 M Revenue: As of FY2025, the actual value is USD 16.31 M. EPS: As of FY2025, the actual value is USD -0.48. EBIT: As of FY2025, the actual value is USD -16.82 M. #### Overall Company Performance - **Net Loss**: The company reported a net loss of - $34.2 million for the year ended December 31, 2025, compared to a net loss of - $31.1 million for the year ended December 31, 2024. - **Operating Loss**: The total operating loss was - $25,598 thousand in 2025, an increase from - $23,249 thousand in 2024. - **Total Revenues**: Total revenues increased to $16,313 thousand in 2025 from $9,608 thousand in 2024. - **Total Costs and Expenses**: Total costs and expenses rose to $41,911 thousand in 2025 from $32,857 thousand in 2024. - **Interest Expense, Net**: Net interest expense was - $8,580 thousand in 2025, up from - $7,880 thousand in 2024. - **Gain on Derivative Liabilities**: The company recorded a gain of $38 thousand on derivative liabilities in 2025, compared to $0 in 2024. - **Income Tax Expense**: Income tax expense remained consistent at - $11 thousand for both 2025 and 2024. - **Net Loss and Comprehensive Loss Applicable to Common Stock**: This figure was - $39,234 thousand in 2025, compared to - $36,246 thousand in 2024. #### Land and Water Resources Segment - **Revenues**: Revenues for this segment increased to $1,835 thousand in 2025 from $1,708 thousand in 2024. - **Costs and Expenses**: - **Cost of Sales**: Increased to $3,687 thousand in 2025 from $2,984 thousand in 2024. - **General and Administrative**: Rose to $25,013 thousand in 2025 from $22,525 thousand in 2024. - **Depreciation**: Increased slightly to $1,228 thousand in 2025 from $1,159 thousand in 2024. - **Operating Loss**: The operating loss for this segment was - $28,093 thousand in 2025, compared to - $24,960 thousand in 2024. - **Assets**: Total assets were $130,900 thousand in 2025, up from $123,786 thousand in 2024. - **Goodwill**: Remained at $3,813 thousand for both years. - **Alfalfa Crop Sales**: Generated $1.4 million in 2025, a slight increase from $1.3 million in 2024. - **Rental Income from Agricultural Leases**: Remained stable at $0.4 million for both years. - **Net Operating Loss Related to Alfalfa Crop**: Increased to $2.3 million in 2025 from $1.7 million in 2024. #### Water Filtration Technology (ATEC) Segment - **Revenues**: Experienced significant growth, reaching $14,478 thousand in 2025, up from $7,900 thousand in 2024. - **Costs and Expenses**: - **Cost of Sales**: Increased to $7,476 thousand in 2025 from $4,314 thousand in 2024. - **General and Administrative**: Rose to $4,471 thousand in 2025 from $1,820 thousand in 2024. - **Depreciation**: Decreased to $36 thousand in 2025 from $55 thousand in 2024. - **Operating Income**: Operating income for this segment improved to $2,495 thousand in 2025 from $1,711 thousand in 2024. - **Gross Margin**: The gross margin improved to 48.4% in 2025 from 45.5% in 2024. - **Assets**: Total assets were $10,014 thousand in 2025, down from $10,708 thousand in 2024. - **Goodwill**: Remained at $1,901 thousand for both years. - **Filter Shipments**: ATEC shipped 441 filters in 2025, an increase from 286 filters in 2024. #### Cash Flow - **Net Cash Used in Operating Activities**: Decreased to - $18,930 thousand in 2025 from - $21,532 thousand in 2024. - **Net Cash Used in Investing Activities**: Increased significantly to - $12,576 thousand in 2025 from - $1,184 thousand in 2024. - **Net Cash Provided by Financing Activities**: Decreased to $25,438 thousand in 2025 from $35,506 thousand in 2024. #### Outlook - The company expects short-term working capital needs to be met by proceeds from draws under the Lytton Credit Agreement, including a $15 million draw in March 2026, combined with existing cash. ATEC operations are anticipated to be funded by existing capital and cash profits from operations in 2026. In the long term, additional capital may be required for working capital and capital expenditures, with future needs dependent on the Mojave Groundwater Bank, ATEC’s operational requirements, and agricultural asset expansion. ### Related Stocks - [CDZIP.US](https://longbridge.com/en/quote/CDZIP.US.md) ## Related News & Research - [Cadiz - Enters Two Agreements For Mojave Groundwater Bank Northern Pipeline Project - SEC Filing](https://longbridge.com/en/news/294121172.md) - [Cintas FY 2026: Revenue $11.26B, EPS $4.91— 10-K Summary](https://longbridge.com/en/news/294251660.md) - [Bank of America’s Steady Risk Profile: What Unchanged 10-K Disclosures Mean for Investors](https://longbridge.com/en/news/294596907.md) - [Fly-E Group resolves Nasdaq filing delinquency after 10-K submission](https://longbridge.com/en/news/294266240.md) - [Cadiz Executes Guaranteed Maximum Price Construction Contracts for Northern Pipeline Project | CDZI Stock News](https://longbridge.com/en/news/294115051.md)