CADIZ INC
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Sep 2025 | Jun 2025 | Mar 2025 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-11.4M | $-8.6M | $-7.1M | $-7.7M | $-9.6M | $-6.8M | $-8.9M | $-6.9M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | $387.0K | $383.0K | $304.0K | $303.0K | $302.0K | $307.0K | $305.0K | $295.0K |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | — | $479.0K | — | — | $2.8M | — | — | $1.3M |
| Net Cash from Operating Activities | $-6.6M | $-5.5M | $-7.0M | $-1.4M | $-3.6M | $-5.4M | $-7.1M | $-2.9M |
| Investing Activities | ||||||||
| Capital Expenditures | $3.1M | $242.0K | $450.0K | $4.5M | $1.3M | $55.0K | $281.0K | $186.0K |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | — | $-242.0K | — | — | $-6.3M | — | — | $-186.0K |
| Financing Activities | ||||||||
| Dividends Paid | — | $1.3M | — | — | $1.3M | — | — | $1.3M |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | — | $13.7M | — | — | $16.8M | — | — | $17.8M |
| Net Change in Cash | — | $7.9M | — | — | $6.9M | — | — | $14.7M |
| Free Cash Flow | $-9.8M | $-5.8M | $-7.5M | $-5.9M | $-4.9M | $-5.4M | $-7.3M | $-3.1M |