Cadiz (CDZI) Operating Expenses (2010 - 2025)

Cadiz's Operating Expenses history runs 16 years deep, the most recent figure standing at $12.5 million for Q4 2025.

• In Q4 2025, Operating Expenses rose 9.68% year-over-year to $12.5 million; the TTM figure through Dec 2025 stood at $41.9 million (up 27.56% YoY), while the FY2025 annual figure was $41.9 million, up 27.56% from the prior year.
• Operating Expenses came in at $12.5 million for Q4 2025 at Cadiz, up from $9.0 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $12.5 million in Q4 2025 to a low of $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.
• Across the five-year window, Operating Expenses surged 102.82% in 2021 and slumped 44.78% in 2022, its largest moves.
• Cadiz's Operating Expenses stood at $4.0 million in 2021, then surged by 39.54% to $5.5 million in 2022, then advanced by 11.11% to $6.1 million in 2023, then soared by 85.59% to $11.4 million in 2024, then gained 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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