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How Cadiz (CDZI) makes money

Cadiz (CDZI) made $979K of revenue in the second quarter 2026 (Q2 2026), -76% from a year earlier. Water Treatment brought in $760K (78%); Water and Land Resources brought in $219K (22%).

Drawing the Sankey…

Cadiz revenue by segment, Q2 2026Cadiz revenue by segment, Q2 2026Water Treatment$760KWater and Land Resources$219K
Cadiz: revenue by line, Q4 2024 to Q2 2026Cadiz: revenue by line, Q4 2024 to Q2 2026Water TreatmentWater and Land Resour…Water Treatment: $760K latest$760KWater and Land Resources: $219K latestQ4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
Water Treatment went from 93% of revenue in Q4 2024 to 78% in Q2 2026, the largest shift in the mix.
Cadiz revenue by quarterCadiz revenue by quarter$4.8MQ4 2024$3.0MQ1 2025$4.1MQ2 2025$4.1MQ3 2025$5.1MQ4 2025$1.6MQ1 2026$979KQ2 2026
Cadiz: where each dollar of revenue goesCadiz: where each dollar of revenue goesIncome tax0¢

Revenue by segment, Q2 2026

SegmentRevenueShareQ/QY/Y
Water Treatment$760K77.6%-40%-79%
Water and Land Resources$219K22.4%-39%-49%

Where each dollar of revenue goes

LineQ2 2026% of revenue
Revenue$979K100.0%
Income tax$4K0.4%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 2026$979K-76%
Q1 2026$1.6M-45%
Q4 2025$5.1M+7%
Q3 2025$4.1M+29%
Q2 2025$4.1M+704%
Q1 2025$3.0M+164%
Q4 2024$4.8M+594%

From Cadiz's 10-Q filed Aug 13, 2026 (on EDGAR).

Questions

How does Cadiz make money?

Cadiz (CDZI) made $979K of revenue in the second quarter 2026 (Q2 2026), -76% from a year earlier. Water Treatment brought in $760K (78%); Water and Land Resources brought in $219K (22%).

What is Cadiz's biggest business?

Water Treatment: $760K in the second quarter 2026, 78% of revenue, -79% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.