Cadiz Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $16.3M | $9.6M | $2.0M | $1.5M | $564.0K | $541.0K | $441.0K | $440.0K |
| Cost of Revenue | $11.2M | $7.3M | $2.9M | $2.1M | $0 | — | — | — |
| Gross Profit | $5.2M | $2.3M | $-896.0K | $-566.0K | $564.0K | — | — | — |
| Gross Margin | 31.6% | 24.0% | -45.0% | -37.7% | 100.0% | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $29.5M | $24.3M | $18.8M | $15.3M | $17.7M | $11.9M | $12.2M | $11.4M |
| Operating Income | $-25.6M | $-23.2M | $-20.9M | $-16.6M | $-17.5M | $-11.8M | $-12.0M | $-11.2M |
| Operating Margin | -156.9% | -242.0% | -1,051.7% | -1,103.4% | -3,105.0% | -2,172.6% | -2,718.6% | -2,550.0% |
| Interest Expense | $8.6M | $7.9M | $4.9M | $8.3M | $11.4M | $11.5M | $17.1M | $15.3M |
| Pretax Income | $-34.1M | $-31.1M | $-31.4M | $-24.8M | $-30.3M | $-35.6M | $-29.0M | $-26.3M |
| Income Tax Expense | $11.0K | $11.0K | $11.0K | $7.0K | $10.0K | $7.0K | $6.0K | $6.0K |
| Net Income | $-34.2M | $-31.1M | $-31.4M | $-24.8M | $-31.2M | $-37.8M | $-29.5M | $-26.3M |
| Net Margin | -209.3% | -324.1% | -1,579.4% | -1,651.7% | -5,540.6% | -6,990.2% | -6,695.7% | -5,971.1% |
| EPS (Basic) | $-0.48 | $-0.53 | $-0.56 | $-0.60 | $-0.84 | $-1.11 | $-1.11 | $-1.09 |
| EPS (Diluted) | — | — | — | — | $-0.84 | $-1.11 | $-1.11 | $-1.09 |
| Shares Outstanding (Basic) | 83.2M | 75.4M | 66.7M | 55.8M | 43.7M | — | — | — |
| Shares Outstanding (Diluted) | 83.2M | 75.4M | 66.7M | 55.8M | 43.7M | 34.2K | 26.5M | 24.0M |
| Dividends Per Share | — | — | — | — | — | — | — | — |