Cadiz (CDZI) Operating Expenses (2010 - 2025)
Cadiz (CDZI) posted Operating Expenses of $12.5 million for Q4 2025, up 37.93% sequentially from $9.0 million in Q3 2025, and up 9.68% YoY from $11.4 million in Q4 2024.
Cadiz (CDZI) Operating Expenses (2010 - 2025) Analysis & Trends
Cadiz has reported Operating Expenses for 16 years, with the latest figure at $12.5 million in Q4 2025.
- Quarterly Operating Expenses rose 9.68% year-over-year to $12.5 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $41.9 million (up 27.56% YoY) and the FY2025 annual result came in at $41.9 million, up 27.56% from the prior year.
- Operating Expenses advanced to $12.5 million in Q4 2025 per CDZI's latest filing, from $9.0 million in the prior quarter.
- Over five years, Operating Expenses peaked at $12.5 million in Q4 2025 and troughed at $3.3 million in Q1 2021.
- A 5-year average of $6.7 million and a median of $6.1 million in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2021 and 2022: Operating Expenses soared 102.82% in 2021, then tumbled 44.78% in 2022.
- Over 5 years, Operating Expenses stood at $4.0 million in 2021, then soared by 39.54% to $5.5 million in 2022, then climbed by 11.11% to $6.1 million in 2023, then jumped by 85.59% to $11.4 million in 2024, then advanced by 9.68% to $12.5 million in 2025.
- According to Business Quant data, Operating Expenses over the past three periods registered $12.5 million, $9.0 million, and $9.9 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | American Water Works Company | 26.66 Bn | 26.47 Bn | - | 813.00 Mn |
| 2 | Essential Utilities | 11.36 Bn | 11.35 Bn | - | 337.58 Mn |
| 3 | American States Water | 3.38 Bn | 3.36 Bn | 278.03 Mn | 119.24 Mn |
| 4 | California Water Service | 3.02 Bn | 2.93 Bn | 263.45 Mn | 237.70 Mn |
| 5 | H2O America | 2.60 Bn | 2.49 Bn | 197.11 Mn | 167.72 Mn |
| 6 | Middlesex Water | 1.09 Bn | 1.09 Bn | - | 38.13 Mn |
| 7 | Consolidated Water | 517.12 Mn | 390.79 Mn | 10.92 Mn | 9.10 Mn |
| 8 | York Water | 517.01 Mn | 516.45 Mn | - | 13.71 Mn |
| 9 | Artesian Resources | 362.21 Mn | 357.96 Mn | 26.56 Mn | 21.50 Mn |
| 10 | Cadiz | 288,587.84 | -8.31 Mn | 1.68 Mn | 12.48 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 12.48 Mn |
| Sep 30, 2025 | 9.05 Mn |
| Jun 30, 2025 | 9.90 Mn |
| Mar 31, 2025 | 10.49 Mn |
| Dec 31, 2024 | 11.38 Mn |
| Sep 30, 2024 | 7.99 Mn |
| Jun 30, 2024 | 7.46 Mn |
| Mar 31, 2024 | 6.03 Mn |
| Dec 31, 2023 | 6.13 Mn |
| Sep 30, 2023 | 6.13 Mn |
| Jun 30, 2023 | 6.39 Mn |
| Mar 31, 2023 | 4.28 Mn |
| Dec 31, 2022 | 5.52 Mn |
| Sep 30, 2022 | 5.04 Mn |
| Jun 30, 2022 | 3.58 Mn |
| Mar 31, 2022 | 3.93 Mn |
| Dec 31, 2021 | 3.95 Mn |
| Sep 30, 2021 | 4.31 Mn |
| Jun 30, 2021 | 6.48 Mn |
| Mar 31, 2021 | 3.34 Mn |