Welcome to our dedicated page for Cadiz SEC filings (Ticker: CDZIP), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Understanding Cadiz Inc.'s SEC filings requires context about water infrastructure development in California. Unlike traditional utilities with steady cash flows, Cadiz's financial story revolves around land asset values, project development costs, and the long timeline associated with bringing major water infrastructure online. The company's 10-K annual reports detail the status of its water resources, agricultural operations, and conservation banking activities across its 70-plus square miles of Mojave Desert property.
Cadiz's quarterly 10-Q filings provide updates on project milestones, operating expenses, and capital structure changes as the company pursues its water development initiatives. These filings reveal how the company allocates resources between its active agricultural business, conservation bank operations, and water project development. Investors tracking water infrastructure plays will find detailed disclosures about regulatory progress and partnership negotiations.
Form 4 insider transaction filings show how executives and directors are positioning their holdings relative to project milestones. For a development-stage company like Cadiz, insider buying or selling patterns around key regulatory decisions can provide meaningful signals. The company's 8-K filings announce material events including financing transactions, partnership agreements, and significant project developments.
Proxy statements (DEF 14A) reveal executive compensation structures and how management incentives align with long-term project success. For Cadiz shareholders, understanding how leadership compensation ties to water project completion milestones provides insight into management priorities. Our AI-powered summaries help decode these disclosures without requiring expertise in water law or utility finance.
Cadiz Inc. reported growing revenues driven by its ATEC water filtration business but continued to record losses while advancing a large groundwater storage project. Quarterly revenue rose to $4.13 million from $0.51 million year-over-year, led by shipment of filtration units. The company reported a net loss of $7.73 million for the quarter and $17.32 million for the six months, with loss per common share of $0.11 for the quarter and $0.25 for six months.
The balance sheet shows $15.96 million of cash, total assets of $136.38 million, total liabilities of $100.81 million, and stockholders' equity of $35.57 million. Working capital was $9.4 million at period end. Management raised equity through registered direct offerings that generated net proceeds of approximately $18.3 million and $22.1 million in recent offerings and is advancing the Mojave Groundwater Bank, which management estimates could require approximately $800 million of construction capital and for which non-binding investor letters of intent and an exclusive marketing MOU with a utility partner are noted.
Cadiz Inc. (NASDAQ: CDZI / CDZIP) disclosed in an 8-K that, on 17 June 2025, it signed a non-binding three-year Memorandum of Understanding (MOU) with UK-based Hoku Energy Limited to develop a large-scale clean-energy and digital-infrastructure project on up to 10,000 of Cadiz’s 35,000 Mojave-Desert acres.
Key commercial terms include: (1) exclusive option payment of $50,000 per year to Cadiz during the option period; (2) upon exercise, a long-term lease at up to $1,000 per acre (2025 dollars) equating to an initial $7.2 million annual rent for a full 10,000-acre lease, CPI-adjusted; (3) Cadiz to supply 2,000-4,000 acre-feet of water annually for green-hydrogen production at up to $900 per acre-foot, or $1.8-3.4 million in first-year water revenue; and (4) rights for Hoku to use existing pipeline corridors, subject to added rent and approvals.
The project would combine zero-carbon renewable power, low-carbon thermal generation and a potential high-performance-computing data-centre. Hoku will fund permitting, feasibility, capital raising and must meet non-binding milestones to convert the option to a lease. The MOU excludes Cadiz’s separate green-hydrogen and solar arrangements and grants Hoku a right of first refusal to power any 400-acre commercial data-centre Cadiz may develop.
Because the MOU is non-binding, revenue visibility hinges on successful negotiations, regulatory approvals and demand conditions. The filing contains customary forward-looking-statement disclaimers.
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