NASDAQ$CDZI
Cadiz Inc · Q1 2026 earnings
Q1 2026 earnings · · Investor relations
Briefing
Cadiz Inc reported total revenues of $1.6 million and a net loss of $8.6 million for the first quarter of 2026.
Cadiz Inc. recorded revenues of $1.6 million in Q1 2026, down from $3.0 million in the prior year quarter, primarily due to lower ATEC water filtration sales. The company reported an operating loss of $6.8 million and continued to advance development of the Mojave Groundwater Bank project. Cash and cash equivalents increased to $16.5 million following a $15 million draw under the Lytton Credit Agreement.
- Total revenues declined 45% year-over-year to $1.6 million, driven by reduced ATEC filter shipments.
- Net loss narrowed to $8.6 million from $9.6 million, aided by lower non-cash stock-based compensation.
- Cash position strengthened to $16.5 million after drawing $15 million under the Lytton facility for Mojave Groundwater Bank development.
- Operating segments showed Land and Water Resources loss of $6.0 million and Water Filtration Technology loss of $0.8 million.
Headline financials
Revenue & EPS history
Cadiz · Revenue · Quarterly
$1.63M
Revenue by segment
Cadiz · $1.27M total across 1 segment · Q1 2026
- Water Filtration Technology$1.27M—100.0%
Forward guidance
Company continues to focus on Mojave Groundwater Bank development and securing additional capital through MWI equity commitments and government financing programs.
Tailwinds
- Invitation received for up to $194 million WIFIA loan
- Lytton Credit Agreement provides up to $51 million for project construction
Headwinds
- Ongoing net losses and cash burn from development activities
- Need for substantial additional capital to complete full project funding
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2026
+0.9%
Avg return
Earnings day
+3.6%
Avg return
5 days after
+2.6%
Avg return
30 days after
48%
19 / 40 earnings
Positive
+13.4%
Q3 2016
Best reaction
-5.6%
Q3 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.9% | -8.1% | — | |
| Q4 2025 | -1.4% | -0.2% | -8.9% | |
| Q3 2025 | +5.0% | +36.7% | +23.3% | |
| Q2 2025 | +1.7% | -1.7% | +10.4% | |
| Q1 2025 | -1.8% | +10.5% | +9.5% | |
| Q3 2024 | -4.4% | -2.1% | +19.8% | |
| Q2 2024 | -3.3% | +7.3% | +4.0% | |
| Q1 2024 | +11.6% | +23.9% | +24.3% | |
| Q4 2023 | +10.0% | +3.8% | -13.5% | |
| Q3 2023 | +0.0% | -2.0% | +7.2% | |
| Q2 2023 | +0.5% | -7.9% | -2.6% | |
| Q1 2023 | -0.7% | +12.1% | +6.2% | |
| Q4 2022 | -1.2% | -14.2% | -0.2% | |
| Q3 2022 | +8.1% | +13.3% | +23.2% | |
| Q2 2022 | +7.4% | +24.9% | -17.7% | |
| Q1 2022 | -4.0% | -6.0% | +4.5% | |
| Q4 2021 | +2.3% | +0.9% | -9.9% | |
| Q3 2021 | -5.6% | -5.9% | -36.3% | |
| Q2 2021 | +6.4% | +7.8% | -23.7% | |
| Q1 2021 | -1.7% | +4.1% | +9.0% | |
| Q4 2020 | +3.3% | +6.3% | +22.5% | |
| Q3 2020 | -0.7% | +5.5% | +6.4% | |
| Q2 2020 | +0.9% | +1.0% | +2.7% | |
| Q1 2020 | +1.0% | -3.4% | +5.7% | |
| Q4 2019 | -3.3% | -6.1% | +26.3% | |
| Q3 2019 | -0.4% | -0.5% | -4.9% | |
| Q2 2019 | +2.7% | +2.7% | -2.3% | |
| Q1 2019 | +0.3% | +3.5% | -0.8% | |
| Q4 2018 | -4.3% | -0.9% | +1.6% | |
| Q3 2018 | -0.5% | -0.3% | -10.5% | |
| Q2 2018 | -3.4% | -5.7% | -13.4% | |
| Q1 2018 | +3.2% | +2.8% | -3.6% | |
| Q4 2017 | +0.4% | -0.7% | -3.6% | |
| Q3 2017 | +0.0% | +1.1% | +3.4% | |
| Q2 2017 | -1.6% | -2.4% | -6.0% | |
| Q1 2017 | -0.6% | +1.6% | -9.0% | |
| Q4 2016 | +0.7% | +0.7% | +4.2% | |
| Q3 2016 | +13.4% | +24.6% | +44.4% | |
| Q2 2016 | +1.6% | +12.4% | +8.2% | |
| Q2 2010 | -2.8% | — | — |
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