CADIZ INC
Income Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $979.0K | $1.6M | $5.1M | $4.1M | $4.1M | $3.0M | $4.8M | $3.2M |
| Cost of Revenue | $1.0M | $1.2M | $3.4M | $3.0M | $2.7M | $2.1M | $3.0M | $2.4M |
| Gross Profit | $-24.0K | $425.0K | $1.7M | $1.1M | $1.5M | $876.0K | $1.7M | $815.0K |
| Gross Margin | -2.5% | 26.0% | 33.0% | 27.3% | 35.4% | 29.7% | 36.1% | 25.3% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $8.4M | $6.9M | $8.7M | $5.7M | $6.9M | $8.1M | $8.0M | $5.3M |
| Operating Income | $-8.8M | $-6.8M | $-7.4M | $-4.9M | $-5.8M | $-7.5M | $-6.6M | $-4.8M |
| Operating Margin | -902.5% | -418.8% | -145.4% | -118.0% | -140.0% | -255.0% | -139.5% | -147.9% |
| Interest Expense | $2.9M | $2.5M | $2.4M | $2.2M | $2.0M | $2.1M | $2.0M | $2.0M |
| Pretax Income | $-11.4M | $-8.6M | $-9.8M | $-7.1M | $-7.7M | $-9.6M | $-8.6M | $-6.8M |
| Income Tax Expense | — | — | — | — | — | — | $3.0K | $3.0K |
| Net Income | $-11.4M | $-8.6M | $-9.8M | $-7.1M | $-7.7M | $-9.6M | $-8.6M | $-6.8M |
| Net Margin | -1,161.8% | -529.2% | -191.9% | -170.5% | -187.3% | -324.7% | -181.6% | -210.7% |
| EPS (Basic) | $-0.15 | $-0.12 | $-0.13 | $-0.10 | $-0.11 | $-0.14 | $-0.14 | $-0.12 |
| EPS (Diluted) | — | — | — | — | — | — | — | — |
| Shares Outstanding (Basic) | 84.2M | 83.8M | 83.2M | 82.0M | 81.9M | 81.8M | 75.4M | 68.1M |
| Shares Outstanding (Diluted) | 84.2M | 83.8M | 83.2M | 82.0M | 81.9M | 81.8M | 75.4M | 68.1M |
| Dividends Per Share | — | — | — | — | — | — | — | — |