CADIZ, Inc.

Day range

$4.15 – $4.43

Open

$4.34

Prev close

$4.34

Volume

532.77K

Market cap

$367.08M

Shares out

84.68M

P/E

—

P/S

31.03

P/B

78.78

P/FCF

—

ROE

-898.6%

ROA

-31.1%

Debt/Equity

18.65

Div yield

1.39%

As of Oct 23, 2026

• Significant contract awardJul 28, 2026

  On July 27, 2026, Fenner Gap Mutual Water Company entered into a CMAR agreement with W.M. Lyles Co. establishing a GMP of approximately $218.9 million for the pump-station facilities required for operation of the Northern Pipeline. Also on July 27, 2026, Fenner Gap entered into a separate CMAR agreement with Mike Bubalo Construction Co., Inc. establishing a GMP of approximately $54.9 million for the pipeline replacement and related facilities.

• Executive compensation changeJul 27, 2026

  Under the Employment Agreement, Mr. Hernandez will receive the following compensation and benefits: an annual base salary of $400,000; an annual cash bonus opportunity with a target equal to 100% of base salary, based on performance goals established by the Board; one-time inducement awards outside of the Company's 2019 Equity Incentive Plan consisting of (i) 800,000 restricted stock units ('RSUs'), of which 200,000 RSUs will be vested upon grant, and the remaining 600,000 RSUs in twelve approximately equal quarterly installments over three years, and (ii) 800,000 performance stock units ('PSUs') which will vest upon achievement of specified stock price hurdles.

• Regulatory decisionJul 15, 2026

  On July 14, 2026, Cadiz Inc. (the "Company") received from the U.S. Department of the Interior, Bureau of Land Management ("BLM") an effective Right-of-Way Grant (the "Grant") issued pursuant to Title V of the Federal Land Policy and Management Act ("FLPMA"). The Grant authorizes the conversion of the Company's Northern Pipeline to water conveyance including construction, operation and maintenance of facilities located on BLM-administered lands.

• Charter amendmentJun 23, 2026

  On June 18, 2026, Cadiz Inc. (the "Company") filed a Certificate of Amendment of Certificate of Incorporation of the Company with the Secretary of State of the State of Delaware to increase the number of authorized shares of common stock from 100,000,000 to 125,000,000.

• Director appointmentFeb 4, 2026

  On February 3, 2026, the Cadiz Inc. (the "Company") Board of Directors (the "Board") appointed Dave O'Hara as a new member of the Board, filling an existing vacancy on the Board. Mr. Dave O'Hara is a senior finance executive with extensive experience in corporate finance, commercial strategy and large-scale growth initiatives... Mr. O'Hara has initially been appointed as a director for a term expiring at the Company's 2026 Annual Meeting of Stockholders.

Days to cover

8.9

Short interest

10.67M

Avg volume

1.21M

As of Sep 30, 2026 · reported to FINRA twice monthly.

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