Filing Flows › Cadiz (CDZI) › Q2 2026
Cadiz (CDZI) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 13, 2026
Cadiz (CDZI) reported revenue of $979K for the second quarter 2026 (Q2 2026), -76% from a year earlier and -40% from the quarter before. Operating margin was -902.5%.
Cadiz, Q2 2026: revenue $979K (-76% year over year), operating margin -902.5%, net loss $11.4M, operating cash flow −$6.6M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $979K | -40% | -76% |
| Operating profit | −$8.8M | — | — |
| Net earnings | −$11.4M | — | — |
| Operating cash flow | −$6.6M | — | — |
What changed
Revenue was $1.0M in Q2 2026, down 76% year over year and down 40% from the previous quarter. Water Treatment was the largest line at 78% of revenue. Water Treatment lost $2.9M year over year (down 79%), 93% of the total change.
Operating costs exceeded revenue by $8.8M, an operating margin of -902.5%. Total costs fell 1% while revenue fell 76%. The fastest-growing cost line was Other operating costs (+28%). The quarter ended with a net loss of $11.4M, wider than the previous quarter's $8.6M loss.
Operating cash flow was −$6.6M. Non-cash charges added back $387K of depreciation and $1.8M of share-based compensation. Working capital and other items added $2.5M. Capital expenditures of $3.1M exceeded it, leaving free cash flow of −$9.8M.
Questions
What was Cadiz's revenue in the second quarter 2026?
Cadiz (CDZI) reported revenue of $979K for the second quarter 2026 (Q2 2026), -76% from a year earlier and -40% from the quarter before.
Was Cadiz profitable in the second quarter 2026?
Operating loss was $8.8M (-902.5% of revenue) and net loss $11.4M.
Source: Cadiz 10-Q on SEC EDGAR.