Cadiz (NASDAQ:CDZI) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Cadiz Inc. (NASDAQ: CDZI) reported a quarterly earnings per share (EPS) of ($0.10), missing analysts' expectations by $0.01. The company had a negative net margin of 217.49% and a negative return on equity of 97.55%. Revenue for the quarter was $4.15 million, exceeding the consensus estimate of $3.90 million. The stock has a market cap of $390.31 million and a PE ratio of -9.29. Institutional investors own 79.75% of the stock, and the consensus rating is "Hold" with a target price of $10.00.

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

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.

Cadiz Inc. Q3 2025 Investor Update | CDZI Stock News

Cadiz Inc. (NASDAQ: CDZI / CDZIP) issued an update following its Q3 2025 report. Key milestones include securing $51 million from Lytton Rancheria for the Mojave Groundwater Bank, MOUs with EPCOR and the U.S. Bureau of Reclamation, and progress on the Northern pipeline. ATEC Water Systems saw a 42% revenue increase in Q3 2025. Hydrogen development at Cadiz Ranch is advancing. The company is positioned for significant growth in 2026.

Cadiz | 10-Q: FY2025 Q3 Revenue Beats Estimate at USD 4.149 M

Cadiz Secures $51 Million Lytton Rancheria Loan for Mojave Groundwater Bank

Cadiz Inc. has secured a $51 million loan from Lytton Rancheria to develop the Mojave Groundwater Bank project. The loan is unsecured and convertible into membership interests in Mojave Water Infrastructure Company, LLC. Initial proceeds of $15 million will cover project expenses, with further funding expected in 2026. Cadiz will issue 600,000 shares of common stock as a commitment fee and additional shares for each draw. This financing is part of a larger $450 million capital raise for the project, which will also seek private equity and government grants.