Cadiz (CDZI)
Develops Mojave water supply, storage, conveyance, and filtration assets.
Something off on this page? Send us feedback.
Sells water-filtration systems and develops water supply, storage, and pipeline conveyance tied to Cadiz Ranch. Revenue today comes mainly from Water Filtration Technology, while the larger project story depends on approvals, financing, construction, and long-term water agreements.
Builds around a Southern California asset base of Mojave Desert land, groundwater rights, water supply, storage, and pipeline conveyance. Land and Water Resources holds the Cadiz Ranch properties, the Mojave Groundwater Bank, agricultural operations, and the Northern and Southern Pipeline routes.
Adds Water Filtration Technology through ATEC, which supplies filtration systems to public water systems, government agencies, and commercial customers. Current revenue is mostly filtration, while the larger strategic value sits in converting permitted water, storage, and buried pipeline into regional infrastructure.
Execution centers on public-agency partnerships, project-company financing, pipeline conversion, and construction sequencing. Water agreements remain subject to regulatory conditions, permits, litigation exposure, technical work, and completion of off-take and exchange agreements.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Feb 2, 2026 | Maxim Group | Target | Target: — | Target: $10 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $5.3M · Total debt $120.0M · Total assets $134.8M · Shareholders' equity $4.7M
- Revenue
- $979.0K
- Operating income
- −$8.8M
- Net income
- −$11.4M
No dividends on record.
| Institutions | 46.59% | 39.45M shares | |
|---|---|---|---|
| 124 holders · as of Jun 30, 2026 | |||
| Insiders | 3.72% | 3.15M shares | |
| 12 holders · as of Sep 11, 2026 | |||
| Strategic holders | 26.91% | 22.78M shares | |
| 1 holder · as of Nov 6, 2024 | |||
| Other | 22.78% | 19.29M shares | |
| remainder | |||
84.68M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Heerema International Group Services SAStrategic10 percent owner | 26.91% | 22.78M | filed Nov 6, 2024 |
BlackRock, Inc.Institution | 6.06% | 5.14M | as of Jun 30, 2026 |
Levin Capital Strategies, L.P.Institution | 5.31% | 4.50M | as of Jun 30, 2026 |
Whitefort Capital Management, LPInstitution | 4.71% | 3.99M | as of Jun 30, 2026 |
Bank of America Corp /DE/Institution | 4.16% | 3.52M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 20, 2026 | Cathryn Rivera | officer: Chief Operating Officer | −2,500 | $4.33 |
| May 26, 2026 | David Mark O'Hara | director | +110,865 | $4.58 |
- Xylem
Global water technology and treatment systems peer
- California Water Service Group
Western regulated utility with direct California water overlap
- American Water Works
Largest U.S. regulated water utility and infrastructure peer
- Pure Cycle
Water-rights and land-linked wholesale water peer
- Consolidated Water
Desalination, treatment, and water-production project peer
- American States Water
California water utility and public-sector operations peer
- Global Water Resources
Arizona water-resource utility focused on reuse and scarcity
- Mueller Water Products
Water transmission, distribution, and network infrastructure peer
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Cadiz | $3.73 | −1.46% | $317.8M | — | — | 26.8 | −76.0% |
| Xylem | $106.98 | −0.25% | $25.04B | 25.5 | 18.1 | 2.7 | +1.5% |
| California Water Service Group | $47.38 | +0.24% | $2.92B | 21.3 | 18.2 | 2.8 | +16.5% |
| American Water Works | $133.98 | +0.01% | $26.62B | 23.2 | 21.9 | 5.0 | +6.2% |
| Pure Cycle | $11.10 | −0.29% | $268.2M | 18.2 | — | 8.0 | +60.0% |
| Consolidated Water | $28.45 | +0.07% | $454.9M | 28.4 | 20.2 | 3.6 | −2.2% |
| American States Water | $84.85 | 0.00% | $3.33B | 23.2 | 22.8 | 4.8 | +11.2% |
| Global Water Resources | $8.25 | −1.90% | $241.9M | 76.4 | 73.9 | 4.0 | +24.8% |
| Mueller Water Products | $22.01 | +0.46% | $3.43B | 15.5 | 14.2 | 2.3 | +4.1% |
| Median | 23.2 | 20.2 | 3.8 | +8.7% |