Filing Flows › Cadiz (CDZI) › Q1 2026 › vs Q4 2025
Cadiz (CDZI) Q1 2026 vs Q4 2025 (quarter over quarter)
Cadiz's revenue fell $3.5M (-68%) from $5.1M in Q4 2025 to $1.6M in Q1 2026. The biggest changes: Water Treatment −$3.1M (-71%); Water and Land Resources −$366K (-51%).
Cadiz, Q1 2026: revenue $1.6M (-45% year over year), operating margin -418.8%, net loss $8.6M, operating cash flow −$5.5M. The chart draws each line against Q4 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Water Treatment | $1.3M | $4.4M | −$3.1M | -71% |
| Water and Land Resources | $358K | $724K | −$366K | -51% |
| Revenue | $1.6M | $5.1M | −$3.5M | -68% |
| Net loss | $8.6M | $9.8M | −$1.1M | -11% |
| Costs & expenses | $10.3M | $14.8M | −$4.6M | -31% |
| Operating costs | $8.5M | $12.5M | −$4.0M | -32% |
| Interest & other, net | $1.8M | $2.4M | −$563K | -24% |
| Income tax | $3K | $3K | $0 | 0% |
| Cost of revenue | $1.2M | $3.4M | −$2.2M | -65% |
| General & admin | $6.9M | $8.7M | −$1.8M | -21% |
| Other operating costs | $383K | $355K | $28K | +8% |
| Operating cash sources | $8.6M | $9.8M | −$1.1M | -11% |
| Depreciation | $383K | $355K | $28K | +8% |
| Share-based compensation | $479K | $1.5M | −$998K | -68% |
| Working capital & other | $2.3M | $1.0M | $1.3M | +125% |
| Cash used in operations | $5.5M | $6.9M | −$1.4M | -20% |
| Net loss absorbed | $8.6M | $9.8M | −$1.1M | -11% |
Questions
How much did Cadiz's revenue grow quarter over quarter in Q1 2026?
Cadiz's revenue fell $3.5M (-68%) from $5.1M in Q4 2025 to $1.6M in Q1 2026.
What drove Cadiz's revenue change in Q1 2026?
Water Treatment −$3.1M (-71%); Water and Land Resources −$366K (-51%).