Cadiz Inc.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $8.6M | $17.3M | $4.5M | $10.0M | $11.0M | $7.3M | $15.7M | $12.6M |
| Accounts Receivable | $5.6M | $4.6M | $904.0K | $454.0K | $270.0K | $55.0K | $49.0K | $38.0K |
| Inventory | $1.1M | $3.0M | $2.1M | $316.0K | — | — | — | — |
| Total Current Assets | $16.1M | $25.8M | $8.0M | $12.4M | $13.2M | $8.0M | $16.1M | $13.0M |
| Property, Plant & Equipment | $95.4M | $88.4M | $87.2M | $84.1M | $78.9M | $53.5M | $49.9M | $46.6M |
| Goodwill | $5.7M | $5.7M | $5.7M | $5.7M | $3.8M | $3.8M | $3.8M | $3.8M |
| Intangible Assets (Excl. Goodwill) | — | — | — | — | — | — | — | — |
| Total Assets | $140.9M | $134.5M | $107.4M | $110.8M | $112.5M | $74.4M | $76.7M | $69.3M |
| Liabilities | ||||||||
| Accounts Payable | $3.8M | $2.3M | $1.2M | $1.1M | $286.0K | $548.0K | $194.0K | $225.0K |
| Total Current Liabilities | $13.2M | $14.4M | $5.8M | $5.6M | $2.5M | $3.1M | $4.8M | $4.1M |
| Long-Term Debt | $72.7M | $56.7M | $37.7M | $49.0M | $46.5M | $78.6M | $137.6M | $136.2M |
| Total Liabilities | $117.7M | $100.5M | $67.4M | $76.6M | $71.9M | $99.7M | $158.8M | $155.5M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-692.2M | $-676.1M | $-639.9M | $-603.3M | $-573.4M | $-539.4M | $-501.6M | $-470.0M |
| Total Stockholders' Equity | $23.3M | $34.0M | $40.0M | $34.2M | $40.6M | $-25.3M | $-82.1M | $-86.2M |