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Cadiz Inc (CDZIP) company profile

CDZIPNasdaqWater SupplyFiscal year ends December 31Also trades as CDZI
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-K/A on Oct 29, 2026Score 3/30
$19.50−0.10 (-0.51%)

Close on Oct 30, 2026Market cap $385.28MP/E –Yield –

About Cadiz

Water Supply, SIC 4941

Cadiz Inc. is a water solutions and land management enterprise that develops groundwater supply, underground storage, conveyance infrastructure, and water treatment systems. The company operates through its land and water resources and water filtration technology business segments. Its offerings include permitted water supplies, aquifer banking services, pipeline transport networks, agricultural farming and land leases, and scalable modular filtration tanks designed to eliminate contaminants from drinking water. Cadiz serves a broad client base consisting of public water agencies, private utilities, municipalities, government entities, and commercial enterprises.

The company owns approximately 46,000 acres in Southern California’s Mojave Desert, where it maintains six agricultural wells, farms 1,000 acres, and leases 2,100 acres for farming. Its regional assets feature 2.5 million acre-feet of permitted water supply, one million acre-feet of groundwater storage capacity, a 220-mile pipeline, and 43 miles of pipeline rights-of-way. In addition, its filtration subsidiary, based in Hollister, California, has manufactured over 500 treatment installations across the United States, Canada, and Asia.

Summary of the business section of Cadiz's latest annual report, written by StockData.

Company profile

Company

Legal name
Cadiz Inc
Headquarters
Los Angeles, CA
Address
550 South Hope Street, Suite 2850 90071
Phone
(213) 271-1600
Employees
31, Dec 31, 2025
Industry
Water Supply
Incorporated in
Delaware
Fiscal year ends
December 31
Auditor
PricewaterhouseCoopers LLP, Los Angeles, California

Stock & identifiers

Ticker
CDZIP
Other tickers
CDZI
Exchange
Nasdaq
IPO date
Jan 3, 1989
Shares outstanding
85M, Aug 11, 2026
Public float
$165.04M, Jun 30, 2025
Filer category
Non-accelerated filer<br>Smaller reporting company
Stock splits
1-for-25 reverse, Dec 18, 2003; 1-for-5 reverse, May 26, 1992
SEC CIK
727273
CUSIP
127537207
ISIN
US1275372076
LEI
549300PFFIS1TCKZS151
EIN
77-0313235

Executives and directors

Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years

NamePositionShares owned
Susan P. KennedyChief Executive Officer, Director1,121,921
Jacinto J. HernandezChief Financial Officer800,000
Cathryn RiveraChief Operating Officer145,000
Stanley E. SpeerChief Financial Officer283,860
Maria S. DreyfusDirector196,570
David Mark O'HaraDirector125,357
Kenneth T. LombardDirector30,990
Maria EchavesteDirector45,730
Barbara A. LloydDirector29,491
Richard Garcia PolancoDirector28,155
Winston H. HickoxDirector269,933
Stephen E. CourterDirector81,592

CEO pay and shareholder return

Pay versus performance table from the proxy statement

Fiscal yearCEO total payCEO pay actually paidOther executives (avg)Value of $100 investedPeer group
FY2025$1.06M$492.90K$855.35K$200–
FY2024$2.28M$9.02M$356.80K$135–
FY2023$385.50K$658.70K$366.37K$73–
FY2022$820.15K$184.40K$662.50K$23–

“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.

Executive compensation, fiscal 2025

Summary compensation table from the latest proxy statement

ExecutiveSalaryStock awardsOtherTotalvs. prior year
Susan Kennedy
Chair, Principal Executive Officer and President
$400.00K$645.63K$12.00K$1.06M-54%
Cathryn Rivera
Chief Operating Officer
$275.00K$196.67K–$471.67K+103%
Stanley E. Speer
Principal Financial Officer and Secretary
$368.46K$847.74K$22.83K$1.24M+157%

Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.

Employees

Headcount reported in annual reports

“As of December 31, 2025, we employed 31 full-time employees (i.e.”

Corporate history

Events identified from SEC filings

DateEventDetails
Jul 2, 2021ListingRegistration of securities on an exchange (Form 8-A)
Aug 2, 2006Listing noticeNotice of delisting or failure to satisfy a listing rule (8-K Item 3.01)
Apr 1, 2003Late filingNotification of late filing
Aug 15, 2000Late filingNotification of late filing
Nov 16, 1999Late filingNotification of late filing
Sep 14, 1998Name changeName changed from CADIZ LAND CO INC to Cadiz Inc
Mar 28, 1997Late filingNotification of late filing
Jun 27, 1996Late filingNotification of late filing
Feb 13, 1996Late filingNotification of late filing