Cadiz (CDZI) Operating Expenses (2010 - 2026)
Cadiz (CDZI) recorded Operating Expenses of $9.81 million in Q2 2026, down 0.9% from $9.9 million a year earlier.
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Analysis
Cadiz (CDZI) Operating Expenses (2010 - 2026) Analysis & Trends
On a TTM basis, Cadiz's Operating Expenses came in at $41.24 million as of Jun 30, 2026, up 3.7% year-over-year; for FY2025, it came in at $41.91 million, up 27.6% from FY2024.
- Annual Operating Expenses has increased for three straight years, with a five-year compound annual growth rate of 27.8% (FY2020 to FY2025).
- Across earlier years, Operating Expenses came in at $32.86 million in FY2024 (+43.3%), $22.93 million in FY2023 (+27.0%), $18.06 million in FY2022 (-0.1%) and $18.08 million in FY2021 (+47.0%).
- Quarterly Operating Expenses has ranged from $3.58 million in Q2 2022 to $12.48 million in Q4 2025 over the past five years.
- On a year-over-year basis, Operating Expenses rose in six of the last seven quarters, with growth averaging 34.9%.
- Peak year-over-year performance for Operating Expenses in the last five years was growth of 85.6% in Q4 2024, against a decline of 44.8% in Q2 2022 at the low end.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Ecolab | 78.59 Bn | 70.36 Bn | 1.95 Bn | 1.14 Bn |
| 2 | Xylem | 23.57 Bn | 19.05 Bn | 963.00 Mn | 573.00 Mn |
| 3 | Veralto | 23.49 Bn | 16.14 Bn | 902.00 Mn | 587.00 Mn |
| 4 | Badger Meter | 3.66 Bn | 2.93 Bn | 90.77 Mn | 51.40 Mn |
| 5 | Ceco Environmental | 3.13 Bn | 2.96 Bn | 86.47 Mn | 109.35 Mn |
| 6 | NWPX Infrastructure | 993.98 Mn | 955.45 Mn | 34.36 Mn | 13.21 Mn |
| 7 | Energy Recovery | 343.89 Mn | 19.06 Mn | 8.96 Mn | 14.84 Mn |
| 8 | Cadiz | 301.30 Mn | 269.74 Mn | -24,000.00 | 9.81 Mn |
| 9 | AirJoule Technologies | 296.32 Mn | 175.95 Mn | - | 5.04 Mn |
| 10 | LanzaTech Global | 77.75 Mn | -37.39 Mn | 1.91 Mn | 18.89 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.81 Mn |
| 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 |
API Access
Cadiz Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=CDZI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "CDZI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=CDZI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();