Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $412K | $437K | $440K | $441K | $541K | $564K | $1.50M | $1.99M | $9.61M | $16.3M |
| Revenue growth | — | 6.1% | 0.7% | 0.2% | 22.7% | 4.3% | 166.1% | 32.6% | 382.6% | 69.8% |
| Operating income | -$9.21M | -$12.6M | -$11.2M | -$12.0M | -$11.8M | -$17.5M | -$16.6M | -$20.9M | -$23.2M | -$25.6M |
| Operating margin | -2235.4% | -2892.4% | -2550.0% | -2718.6% | -2172.6% | -3105.0% | -1103.4% | -1051.7% | -242.0% | -156.9% |
| Net income | -$26.3M | -$33.9M | -$26.3M | -$29.5M | -$37.8M | -$31.2M | -$24.8M | -$31.4M | -$31.1M | -$34.2M |
| Net margin | -6393.0% | -7749.2% | -5971.1% | -6695.7% | -6990.2% | -5540.6% | -1651.7% | -1579.4% | -324.1% | -209.3% |
| EPS (diluted) | -$1.41 | -$1.50 | -$1.09 | -$1.11 | -$1.11 | -$0.84 | — | — | — | — |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$9.51M | -$10.5M | -$12.2M | -$13.7M | -$13.4M | -$15.3M | -$18.6M | -$20.9M | -$21.5M | -$18.9M |
| Capital expenditures | — | $1.01M | $1.73M | $1.60M | $5.73M | $22.9M | $3.38M | $5.79M | $934K | $7.58M |
| Free cash flow | — | -$11.5M | -$13.9M | -$15.3M | -$19.2M | -$38.2M | -$22.0M | -$26.7M | -$22.5M | -$26.5M |
| Dividends paid | — | — | — | — | $0.00 | $1.45M | $5.11M | $5.11M | $5.11M | $5.11M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $12.2M | $13.0M | $12.6M | $15.7M | $7.29M | $11.0M | $10.00M | $4.50M | $17.3M | $8.60M |
| Total assets | $67.1M | $66.5M | $69.3M | $76.7M | $74.4M | $112M | $111M | $107M | $134M | $141M |
| Total liabilities | $121M | $145M | $156M | $159M | $99.7M | $71.9M | $76.6M | $67.4M | $101M | $118M |
| Long-term debt | $102M | $124M | $136M | $138M | $78.6M | $46.5M | $49.0M | $37.7M | $56.7M | $72.7M |
| Shareholders' equity | -$54.3M | -$78.7M | -$86.2M | -$82.1M | -$25.3M | $40.6M | $34.2M | $40.0M | $34.0M | $23.3M |
| Retained earnings | -$410M | -$444M | -$470M | -$502M | -$539M | -$573M | -$603M | -$640M | -$676M | -$692M |
| Shares (wtd avg diluted) | 21.8M | 23.0M | 24.7M | 28.5M | 36.9M | 43.7M | 55.8M | 66.7M | 75.4M | 83.2M |
Every figure is extracted from CADIZ INC’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.