CDZI
Cadiz Inc.
NasdaqGMUSDEQUITY
Industrials
DELAYED
Sell
-37/100
Last price
3.50
■ 0.00 (0.00%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
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Open
3.45
Prev close
3.50
Day high
3.50
Day low
3.38
Volume
120.64K
Market cap
$296.37M
P/E (TTM)
—
52W range
2.87 – 6.96
Day trading desk
Gap from prior close
-1.43%
Prior close 3.50
VWAP
3.45
+1.52% from price
Relative volume
0.11×
Quiet session
Session range
3.55%
3.38 – 3.50
Position in range
100%
Near session high
ATR (14D)
0.23
6.45% of price
Prior day high
3.60
PDH
Prior day low
3.34
PDL
Bid / ask spread
—
Quote not published
Session volume
116.67K
Avg 1.08M
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
-10.71%
-12.2%
1M
-18.79%
-19.9%
3M
-12.28%
-15.3%
6M
-30.83%
-45.3%
YTD
-37.61%
-51.1%
1Y
-27.69%
-42.9%
3Y
+11.46%
-69.7%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on CDZI open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
+1.20M
Net buying
Buy transactions
18
1.20M shares
Sell transactions
1
2.50K shares
Net transactions
+19
Buys less sells
Sell : buy shares
0.0 : 1
Mixed
Insider-held shares
28.90M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Oct 1, 26 | DREYFUS MARIA S Director |
STOCK | 4.95K | $18.75K | Direct |
| Oct 1, 26 | LLOYD BARBARA A Director |
STOCK | 1.24K | $4.69K | Direct |
| Oct 1, 26 | O'HARA DAVID MARK Director |
STOCK | 4.95K | $18.75K | Direct |
| Sep 9, 26 | HERNANDEZ JACINTO J. Chief Financial Officer |
STOCK | 800.00K | $0 | Direct |
| Jul 1, 26 | DREYFUS MARIA S Director |
STOCK | 10.57K | $43.77K | Direct |
| Jul 1, 26 | LLOYD BARBARA A Director |
STOCK | 7.22K | $29.71K | Direct |
| Jul 1, 26 | O'HARA DAVID MARK Director |
STOCK | 7.52K | $31.26K | Direct |
| Jun 30, 26 | ECHAVESTE MARIA Director |
STOCK | 6.10K | $25.02K | Direct |
| Jun 30, 26 | COURTER STEPHEN E Director |
STOCK | 6.10K | $25.02K | Direct |
| Jun 30, 26 | HICKOX WINSTON H Director |
STOCK | 6.10K | $25.02K | Direct |
| Jun 30, 26 | LOMBARD KENNETH T. Director |
STOCK | 6.10K | $25.02K | Direct |
| Jun 30, 26 | POLANCO RICHARD GARCIA Director |
STOCK | 6.10K | $25.02K | Direct |
| May 26, 26 | O'HARA DAVID MARK Director |
BUY | 110.86K | $507.76K | Direct |
| May 20, 26 | RIVERA CATHRYN R. Chief Operating Officer |
SELL | 2.50K | $10.82K | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
COURTER STEPHEN E |
Director | 81.59K | Stock Award(Grant) |
DREYFUS MARIA S |
Director | 201.52K | Stock Award(Grant) |
ECHAVESTE MARIA |
Director | 45.73K | Stock Award(Grant) |
HEEREMA INTERNATIONAL GROUP SERVICES SA |
Beneficial Owner of more than 10% of a Class of Security | — | Purchase |
HERNANDEZ JACINTO J. |
Chief Financial Officer | 800.00K | Stock Award(Grant) |
HICKOX WINSTON H |
Director | 269.93K | Stock Award(Grant) |
KENNEDY SUSAN P |
Chief Executive Officer | 1.17M | Stock Award(Grant) |
O'HARA DAVID MARK |
Director | 130.31K | Stock Award(Grant) |
RIVERA CATHRYN R. |
Chief Operating Officer | 145.00K | Sale |
SPEER STANLEY E |
Chief Financial Officer | 297.29K | Stock Award(Grant) |
Fundamentals
Market cap$296.37M
Enterprise value$411.01M
Revenue (TTM)$11.84M
Gross profit$3.21M
EBITDA$-26.53M
Net income$-41.92M
EPS (TTM)$-0.50
Free cash flow$-20.94M
Total cash$5.32M
Total debt$119.96M
Book value / share$0.06
Shares outstanding84.68M
Float56.91M
Short % of float16.75%
Dividend yield0.00%
Beta (5Y)1.73
Valuation & profitability ratios
Trailing P/E—
Forward P/E-6.60
PEG ratio1.51
Price / sales—
Price / book63.64
EV / revenue34.70
EV / EBITDA-15.49
Gross margin27.14%
Operating margin-902.45%
Profit margin0.00%
Return on equity-183.13%
Return on assets-12.89%
Debt / equity2,571.51
Current ratio1.16
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $16.31M | $9.61M | $1.99M | $1.50M | +69.8% |
| Operating revenue | $16.31M | $9.61M | $1.99M | $1.50M | +69.8% |
| Cost of revenue | $11.16M | $7.30M | $2.89M | $2.07M | +53.0% |
| Gross profit | $5.15M | $2.31M | -$896.00K | -$566.00K | +122.9% |
| Selling, general & admin | $29.48M | $24.34M | $18.80M | $15.34M | +21.1% |
| Total operating expense | $30.75M | $25.56M | $20.04M | $16.00M | +20.3% |
| Operating income | -$25.60M | -$23.25M | -$20.94M | -$16.56M | -10.1% |
| Net interest income | -$8.58M | -$7.88M | -$4.94M | -$8.26M | -8.9% |
| Pre-tax income | -$34.14M | -$31.13M | -$31.43M | -$24.82M | -9.7% |
| Tax provision | $11.00K | $11.00K | $11.00K | $7.00K | 0.0% |
| Net income | -$34.15M | -$31.14M | -$31.45M | -$24.79M | -9.7% |
| Net income to common | -$39.23M | -$36.25M | -$36.55M | -$29.90M | -8.2% |
| Basic EPS | -0.48 | -0.53 | -0.56 | -0.60 | +9.4% |
| Diluted EPS | -0.48 | -0.53 | -0.56 | -0.60 | +9.4% |
| EBIT | -$25.03M | -$23.13M | -$25.86M | -$16.56M | -8.2% |
| EBITDA | -$23.41M | -$21.75M | -$24.49M | -$15.89M | -7.6% |
| Basic shares | 81.06M | 68.85M | 65.66M | 49.87M | +17.7% |
| Diluted shares | 81.06M | 68.85M | 65.66M | 49.87M | +17.7% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $8.60M | $17.29M | $4.50M | $10.00M | -50.3% |
| Cash & short-term investments | $8.60M | $17.29M | $4.50M | $10.00M | -50.3% |
| Accounts receivable | $5.61M | $4.59M | $904.00K | $454.00K | +22.4% |
| Inventory | $1.14M | $3.02M | $2.11M | $316.00K | -62.3% |
| Total current assets | $16.05M | $25.79M | $8.02M | $12.44M | -37.8% |
| Property, plant & equipment | $98.78M | $92.11M | $87.65M | $84.69M | +7.2% |
| Goodwill & intangibles | $5.71M | $5.71M | $5.71M | $5.71M | 0.0% |
| Total assets | $140.91M | $134.49M | $107.37M | $110.79M | +4.8% |
| Total current liabilities | $13.19M | $14.41M | $5.83M | $5.64M | -8.5% |
| Current debt | $51.00K | $120.00K | $182.00K | $140.00K | -57.5% |
| Long-term debt | $72.70M | $56.71M | $37.71M | $48.95M | +28.2% |
| Total debt | $104.21M | $85.89M | $61.22M | $70.39M | +21.3% |
| Total liabilities | $117.66M | $100.53M | $67.41M | $76.56M | +17.0% |
| Retained earnings | -$692.19M | -$676.10M | -$639.85M | -$603.30M | -2.4% |
| Shareholder equity | $23.26M | $33.96M | $39.97M | $34.22M | -31.5% |
| Working capital | $2.86M | $11.38M | $2.19M | $6.80M | -74.8% |
| Net tangible assets | $17.54M | $28.25M | $34.25M | $28.51M | -37.9% |
| Shares issued | 83.21M | 75.35M | 66.71M | 55.82M | +10.4% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | -$34.15M | -$31.14M | -$31.45M | -$24.79M | -9.7% |
| Depreciation & amortisation | $1.62M | $1.38M | $1.37M | $672.00K | +17.4% |
| Stock-based compensation | $5.30M | $4.61M | $1.50M | $1.88M | +15.1% |
| Change in working capital | $1.15M | -$2.73M | -$1.41M | -$595.00K | +141.9% |
| Operating cash flow | -$18.93M | -$21.53M | -$20.92M | -$18.60M | +12.1% |
| Capital expenditure | -$7.58M | -$934.00K | -$5.79M | -$3.38M | -711.1% |
| Investing cash flow | -$12.58M | -$1.18M | -$5.79M | -$4.12M | -962.2% |
| Dividends paid | -$5.11M | -$5.11M | -$5.11M | -$5.11M | 0.0% |
| Financing cash flow | $25.44M | $35.51M | $17.57M | $16.65M | -28.4% |
| Free cash flow | -$26.51M | -$22.47M | -$26.71M | -$21.98M | -18.0% |
| End cash position | $11.36M | $17.43M | $4.64M | $13.78M | -34.8% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $979.00K | $1.63M | $5.08M | $4.15M | $4.13M | — | -40.0% |
| Operating revenue | $979.00K | $1.63M | $5.08M | $4.15M | $4.13M | — | -40.0% |
| Cost of revenue | $1.00M | $1.21M | $3.40M | $3.02M | $2.67M | — | -16.9% |
| Gross profit | -$24.00K | $425.00K | $1.68M | $1.13M | $1.46M | — | -105.6% |
| Selling, general & admin | $8.42M | $6.88M | $8.72M | $5.73M | $6.93M | — | +22.5% |
| Total operating expense | $8.81M | $7.26M | $9.07M | $6.03M | $7.24M | — | +21.4% |
| Operating income | -$8.84M | -$6.83M | -$7.39M | -$4.90M | -$5.78M | — | -29.3% |
| Net interest income | -$2.90M | -$2.46M | -$2.40M | -$2.17M | -$1.95M | — | -17.5% |
| Pre-tax income | -$11.37M | -$8.63M | -$9.75M | -$7.07M | -$7.73M | — | -31.7% |
| Tax provision | $4.00K | $3.00K | $3.00K | $3.00K | $2.00K | — | +33.3% |
| Net income | -$11.37M | -$8.64M | -$9.76M | -$7.07M | -$7.73M | — | -31.7% |
| Net income to common | -$12.64M | -$9.92M | -$11.02M | -$8.34M | -$9.02M | — | -27.4% |
| Basic EPS | -0.15 | -0.12 | — | -0.10 | -0.11 | -0.14 | -25.0% |
| Diluted EPS | -0.15 | -0.12 | — | -0.10 | -0.11 | -0.14 | -25.0% |
| EBIT | -$8.34M | -$6.06M | -$7.28M | -$4.80M | -$5.50M | — | -37.6% |
| EBITDA | -$7.86M | -$5.58M | -$6.84M | -$4.40M | -$5.12M | — | -40.7% |
| Basic shares | 84.15M | 83.52M | — | 82.13M | 81.94M | 77.21M | +0.8% |
| Diluted shares | 84.15M | 83.52M | — | 82.13M | 81.94M | 77.21M | +0.8% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $5.32M | $16.54M | $8.60M | $4.43M | $13.21M | -67.8% |
| Cash & short-term investments | $5.32M | $16.54M | $8.60M | $4.43M | $13.21M | -67.8% |
| Accounts receivable | $3.41M | $4.74M | $5.61M | $3.65M | $4.09M | -28.1% |
| Inventory | $1.97M | $1.47M | $1.14M | $2.79M | $3.01M | +34.4% |
| Total current assets | $11.44M | $23.72M | $16.05M | $11.72M | $21.04M | -51.7% |
| Property, plant & equipment | $100.60M | $99.68M | $98.78M | $97.16M | $96.18M | +0.9% |
| Goodwill & intangibles | $5.71M | $5.71M | $5.71M | $5.71M | $5.71M | 0.0% |
| Total assets | $134.76M | $146.12M | $140.91M | $128.01M | $136.38M | -7.8% |
| Total current liabilities | $9.86M | $12.63M | $13.19M | $9.33M | $11.59M | -22.0% |
| Current debt | $7.00K | $29.00K | $51.00K | $71.00K | $92.00K | -75.9% |
| Long-term debt | $86.98M | $85.60M | $72.70M | $59.84M | $58.75M | +1.6% |
| Total debt | $119.96M | $117.56M | $104.21M | $90.72M | $89.01M | +2.0% |
| Total liabilities | $130.10M | $130.51M | $117.66M | $100.27M | $100.81M | -0.3% |
| Retained earnings | -$712.20M | -$700.83M | -$692.19M | -$682.44M | -$675.36M | -1.6% |
| Shareholder equity | $4.67M | $15.61M | $23.26M | $27.73M | $35.57M | -70.1% |
| Working capital | $1.58M | $11.08M | $2.86M | $2.39M | $9.45M | -85.7% |
| Net tangible assets | -$1.05M | $9.90M | $17.54M | $22.02M | $29.85M | -110.6% |
| Shares issued | 84.16M | 83.80M | 83.21M | 82.03M | 81.90M | +0.4% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | -$11.37M | -$8.64M | -$9.76M | -$7.07M | -$7.73M | -31.7% |
| Depreciation & amortisation | $485.00K | $478.00K | $446.00K | $394.00K | $388.00K | +1.5% |
| Stock-based compensation | $1.83M | $479.00K | $1.48M | $503.00K | $550.00K | +281.8% |
| Change in working capital | $633.00K | $896.00K | -$1.06M | -$2.62M | $3.70M | -29.4% |
| Operating cash flow | -$6.65M | -$5.51M | -$6.92M | -$7.01M | -$1.36M | -20.7% |
| Capital expenditure | -$3.12M | -$242.00K | -$1.33M | -$450.00K | -$4.51M | -1,189.3% |
| Investing cash flow | -$3.12M | -$242.00K | -$1.33M | -$450.00K | -$4.51M | -1,189.3% |
| Dividends paid | -$1.29M | -$1.26M | -$1.26M | -$1.29M | -$1.26M | -1.8% |
| Financing cash flow | -$1.45M | $13.69M | $12.41M | -$1.31M | -$2.50M | -110.6% |
| Free cash flow | -$9.77M | -$5.75M | -$8.25M | -$7.46M | -$5.87M | -69.8% |
| End cash position | $8.08M | $19.29M | $11.36M | $7.19M | $15.96M | -58.1% |
Options analytics
Put / call volume
0.41
Call-heavy session
Put / call open interest
0.33
Positioning, not flow
Max pain
2.50
-28.6% from spot
ATM implied vol
478.1%
Nearest strike to spot
Skew (10% OTM)
+237.5%
Puts bid over calls
Call volume
152
Contracts, this expiry
Put volume
62
Contracts, this expiry
Heaviest call OI
5.00
187 contracts
Heaviest put OI
2.50
61 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | -0.11 | -0.15 | -40.6% |
| Mar 2026 | -0.11 | -0.12 | -12.5% |
| Dec 2025 | -0.11 | -0.13 | -18.2% |
| Sep 2025 | -0.09 | -0.10 | -11.1% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | -0.14 | 2 | $2.56M | -38.4% |
| Next quarter | -0.15 | 2 | $3.16M | -37.8% |
| Current year | -0.56 | 2 | $8.32M | -49.0% |
| Next year | -0.53 | 2 | $26.64M | +220.0% |
Analyst targets & ownership
Mean target$10.33
High target$15.00
Low target$6.00
Implied upside195.24%
Analyst count3
ConsensusNONE
Strong buy / Buy1 / 2
Hold0
Sell / Strong sell0 / 0
Held by insiders34.13%
Held by institutions48.56%
Institutions holding157
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
3.65
-4.21% from price
SMA 20
3.65
-4.10% from price
SMA 50
3.62
-3.40% from price
SMA 100
3.81
-8.04% from price
SMA 200
4.53
-22.71% from price
EMA 12
3.65
-3.99% from price
EMA 26
3.68
-4.92% from price
EMA 50
3.71
-5.71% from price
RSI (14)
44.6
Neutral
MACD (12,26,9)
-0.04
Hist -0.02
ATR (14)
0.23
6.45% of price
Realised vol 30D
61.9%
Annualised
Bollinger upper
3.93
20, 2σ
Bollinger lower
3.37
20, 2σ
50 / 200 cross
Death
3.62 vs 4.53
Trend bias
Below 200
-22.71%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
1.45
More volatile than market
Correlation to SPY
0.29
Largely independent
Realised vol 30D
61.9%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-56.9%
Peak to trough
Max drawdown 5Y
-79.0%
Peak to trough
ATR 14
0.23
6.45% of price
Beta (reported)
1.73
5Y monthly, from filing
Short interest
Shares short
9.56M
Prior 8.84M
Change vs prior
+8.1%
Shorts adding
% of float
16.75%
Elevated
% of shares out
11.28%
Against total outstanding
Days to cover
10.1
Crowded exit
Float
56.91M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Jan 3, 17 | B. Riley Securities | INITIATED | — | Buy |
Dividends & splits
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay date—
Last split1:25
Split dateDec 18, 2003
SEC filings
Offering Registrations
S-8 · 2026-08-14
Periodic Financial Reports
10-Q · 2026-08-13
Corporate Changes & Voting Matters
8-K · 2026-07-28
Corporate Changes & Voting Matters
8-K · 2026-07-27
Corporate Changes & Voting Matters
8-K · 2026-07-15
Corporate Changes & Voting Matters
8-K · 2026-06-23
Corporate Changes & Voting Matters
8-K · 2026-05-20
Periodic Financial Reports
10-Q · 2026-05-14
Headlines
Cadiz Inc. Declares Quarterly Dividend for Q3 2026 on Series A Cumulative Perpetual Preferred Stock
PR Newswire · 12d ago
Cadiz Issues Q2 2026 Letter to Shareholders
PR Newswire · 54d ago
Cadiz (CDZI) Reports Q2 Loss, Lags Revenue Estimates
Zacks · 55d ago
Cadiz: Q2 Earnings Snapshot
Associated Press · 55d ago
From Oman to Utah: When It RAINs, It Pours for Investors
IPO-Edge.com · 61d ago
PPL (PPL) Q2 Earnings and Revenues Lag Estimates
Zacks · 61d ago
Cadiz (CDZI) May Report Negative Earnings: Know the Trend Ahead of Q2 Release
Zacks · 63d ago
Essential Utilities (WTRG) Matches Q2 Earnings Estimates
Zacks · 64d ago
PRIVATE STRATEGY · BY QUALIFICATION
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