Is Cadiz going out of business?

CADIZ INC (CDZI) Fundamentals

A quick summary of the latest filed figures while the full analysis loads.

CADIZ INC (CDZI) scores 14 out of 100 on fundamentals, Distressed / Caution, based on SEC filing data.

Leading signal: ROE quality: -732.07%

Five questions, kept separate

Survival - Critical

2-3 mo of estimated runway from 2026-06-30, based on $5.3M of cash and short-term investments against $26.5M of annual burn. Debt pressure is the other decisive risk.

Business quality - Poor

-156.9% operating margin and -162.5% FCF margin produce a poor Business Quality assessment.

Trajectory - Contracting

Revenue weakened 21.3%; operating margin weakened 72.0pp; FCF margin weakened 149.6pp. The TTM window includes a mixed-basis Q4 estimate.

Valuation - Extreme expectations

-8.6% normalized FCF yield supports an extreme expectations Valuation assessment on the annual basis.

Event risk - Evidence unavailable

No active asserted adverse event was found in the available filing evidence. The filing evidence is stale or incomplete, so this is not proof of absence.

What the rules read

• ROE quality: -732.07%
• ROIC: -28.79%
• Interest coverage: -2.8x
• FCF margin: -162.48%
• Debt / Equity: 19.40x
• Revenue CAGR (3Y): 121.51%
• Return on Assets: -25.34%
• Debt Maturity Runway: 100% long-term (Long-term focused)
• Gross margin (industrial): 31.57%
• Shares dilution YoY: 2.77% (YoY)
• Asset Efficiency: 0.12x
• Net income trend: -47.14%

Read from filings through 2026-08-13.

Price as of 2026-09-11.