Cadiz Inc balance sheet

At the end of fiscal 2025, Cadiz Inc had total assets of $141m, total liabilities of $118m and shareholders' equity of $23.3m. It held $8.6m in cash against $78.3m of debt.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Cadiz Inc: balance sheet, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Cash and equivalents	9	6	11	2	12	16	3	12	13	13	16	7	11	10	5	17	9	5
Receivables	—	0	0	0	0	0	0	0	0	0	0	0	0	0	1	5	6	3
Inventory	—	—	—	—	—	—	—	—	—	—	—	—	0	0	2	3	1	2
Total current assets	—	6	12	2	13	17	3	16	13	13	16	8	13	12	8	26	16	11
Goodwill	—	4	4	4	4	4	4	4	4	4	4	4	4	6	6	6	6	6
Total assets	—	49	58	51	64	68	55	67	67	69	77	74	112	111	107	134	141	135
Accounts payable	—	0	1	1	1	0	0	0	0	0	0	1	0	1	1	2	4	2
Deferred revenue (current)	—	—	—	—	—	—	—	—	—	—	—	—	—	0	0	1	0	1
Total current liabilities	—	2	2	2	3	2	2	5	6	4	5	3	3	6	6	14	13	10
Short-term debt	—	0	0	0	0	0	0	0	1	0	0	0	0	0	0	0	0	0
Long-term debt	—	44	52	63	96	104	108	102	124	136	138	79	46	49	38	57	73	87
Total debt	0	44	57	65	99	106	108	115	147	155	138	79	50	50	38	61	78	87
Total liabilities	—	48	56	67	101	108	111	121	145	156	159	100	72	77	67	101	118	130
Shareholders' equity	11	1	2	−17	−36	−40	−56	−54	−79	−86	−82	−25	41	34	40	34	23	5
Shares outstanding	—	14m	15m	15m	16m	18m	18m	22m	23m	25m	28m	37m	44m	56m	67m	75m	83m	84m

US$ millions unless shown otherwise. Fiscal quarters.

Cadiz Inc: balance sheet, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Receivables	3	5	5	4	4	6	5	3
Inventory	4	3	3	3	3	1	1	2
Total current assets	12	26	31	21	12	16	24	11
Goodwill	6	6	6	6	6	6	6	6
Total assets	113	134	146	136	128	141	146	135
Accounts payable	2	2	2	2	2	4	5	2
Deferred revenue (current)	2	1	2	3	0	0	0	1
Total current liabilities	9	14	14	12	9	13	13	10
Short-term debt	0	0	0	0	0	0	0	0
Long-term debt	56	57	58	59	60	73	86	87
Total debt	56	57	58	59	60	73	86	87
Total liabilities	92	101	102	101	100	118	131	130
Shareholders' equity	21	34	44	36	28	23	16	5
Shares outstanding	68m	75m	82m	82m	82m	83m	84m	84m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Cadiz Inc's SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Cadiz Inc.