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Full CDZI fundamentals All 466 on the Survival Watch

CDZICADIZ INC

Is Cadiz struggling financially?

Yes, by its own account. Cadiz told the SEC on 14 May 2026, in Form 10-Q, that there is substantial doubt about its ability to continue as a going concern.

Going concern disclosed May 2026

15/100

Critical

Cries for help

  • Share sales and shelf filings

    The Company is registering the Commitment Fee Shares and Funding Fee Shares pursuant to its effective shelf registration statement on Form S-3 and a prospectus supplement thereunder.

    Form 8-K, filed 28 Oct 2025. Read it on SEC.gov

Signs of a way out

Nothing in the filings we have read names a way out.

Sector
Industrial/Cyclical
Market cap
$309.9M
Source filing
10-Q 14 May 2026
Balance sheet
30 Jun 2026

Cash runway

  • 2months

    If the burn speeds up

    Empty by Aug 2026

  • 3months

    If it eases off

    Empty by Sep 2026

Both rows are the same reported burn flexed 15% either way, and neither assumes the company raises a cent.

Out of cashTwo years or more

The runway math

Cash and short-term investments

$5.3M

÷

Cash burned over the last 12 months

$26.5M

What Cadiz told the SEC

…its costs for the next twelve months from each financial statement issuance date. Management evaluates the Company’s liquidity to determine if there is a substantial doubt about the Company’s ability to continue as a going concern. In the preparation of this liquidity assessment, management applies judgement to estimate the projected cash flows of the Company including the following: (i) projected cash outflows…

CADIZ INC, Form 10-Q, filed 14 May 2026.

Read the filing on SEC.gov

What this means

  • Not a bankruptcy filing, and not a prediction.
  • It is the company’s own statement, agreed with its auditor, that the doubt is material enough to disclose.
  • The runway is arithmetic on two reported numbers, not a forecast. Companies carry this language for years, raise money and keep going.

What else the numbers show

  • Debt pressure is material Operating earnings cover only -2.8x the interest bill, so the interest is being met out of cash reserves rather than out of the business.
  • Cash burn is narrowing It is spending 31% less cash per year than it was, so the runway above is lengthening rather than shortening.

Other Industrial/Cyclical companies that filed the doubt