Cadiz Operating Expenses Growth & History (CDZI)
Cadiz's operating expenses was $41.9M for fiscal 2025.
View full Cadiz company overviewCadiz annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $41.9M | $9.1M | +27.56% |
| 2024 | 2024-12-31 | $32.9M | $9.9M | +43.29% |
| 2023 | 2023-12-31 | $22.9M | $4.9M | +26.95% |
| 2022 | 2022-12-31 | $18.1M | −$13,000 | −0.07% |
| 2021 | 2021-12-31 | $18.1M | $5.8M | +47.02% |
| 2020 | 2020-12-31 | $12.3M | −$135,000 | −1.09% |
| 2019 | 2019-12-31 | $12.4M | $770,000 | +6.60% |
| 2018 | 2018-12-31 | $11.7M | −$1.4M | −10.84% |
| 2017 | 2017-12-31 | $13.1M | $3.5M | +35.91% |
| 2016 | 2016-12-31 | $9.6M | −$4.7M | −32.77% |
| 2015 | 2015-12-31 | $14.3M | $3.6M | +33.83% |
| 2014 | 2014-12-31 | $10.7M | −$3.6M | −25.07% |
| 2013 | 2013-12-31 | $14.3M | $843,000 | +6.28% |
| 2012 | 2012-12-31 | $13.4M | $1.2M | +9.61% |
| 2011 | 2011-12-31 | $12.3M | $181,000 | +1.50% |
| 2010 | 2010-12-31 | $12.1M | $1.2M | +10.86% |
| 2009 | 2009-12-31 | $10.9M | — | — |
Cadiz quarterly operating expenses
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $9.8M | −$89,000 | −0.90% |
| Q1 2026 | 2026-03-31 | $8.5M | −$2.0M | −19.26% |
| Q4 2025 | 2025-12-31 | $12.5M | $1.1M | +9.68% |
| Q3 2025 | 2025-09-30 | $9.0M | $1.1M | +13.19% |
| Q2 2025 | 2025-06-30 | $9.9M | $2.4M | +32.71% |
| Q1 2025 | 2025-03-31 | $10.5M | $4.5M | +73.94% |
| Q4 2024 | 2024-12-31 | $11.4M | $5.2M | +85.59% |
| Q3 2024 | 2024-09-30 | $8.0M | $1.9M | +30.42% |
| Q2 2024 | 2024-06-30 | $7.5M | $1.1M | +16.72% |
| Q1 2024 | 2024-03-31 | $6.0M | $1.7M | +40.80% |
| Q4 2023 | 2023-12-31 | $6.1M | $613,000 | +11.11% |
| Q3 2023 | 2023-09-30 | $6.1M | $1.1M | +21.50% |
| Q2 2023 | 2023-06-30 | $6.4M | $2.8M | +78.73% |
| Q1 2023 | 2023-03-31 | $4.3M | $355,000 | +9.04% |
| Q4 2022 | 2022-12-31 | $5.5M | $1.6M | +39.54% |
| Q3 2022 | 2022-09-30 | $5.0M | $734,000 | +17.03% |
| Q2 2022 | 2022-06-30 | $3.6M | −$2.9M | −44.78% |
| Q1 2022 | 2022-03-31 | $3.9M | $591,000 | +17.72% |
| Q4 2021 | 2021-12-31 | $4.0M | $1.5M | +63.89% |
| Q3 2021 | 2021-09-30 | $4.3M | $1.7M | +63.65% |
| Q2 2021 | 2021-06-30 | $6.5M | $3.3M | +102.82% |
| Q1 2021 | 2021-03-31 | $3.3M | −$720,000 | −17.75% |
| Q4 2020 | 2020-12-31 | $2.4M | −$611,000 | −20.21% |
| Q3 2020 | 2020-09-30 | $2.6M | −$433,000 | −14.12% |
| Q2 2020 | 2020-06-30 | $3.2M | −$157,000 | −4.69% |
| Q1 2020 | 2020-03-31 | $4.1M | $1.1M | +35.65% |
| Q4 2019 | 2019-12-31 | $3.0M | −$1.1M | −26.32% |
| Q3 2019 | 2019-09-30 | $3.1M | $466,000 | +17.92% |
| Q2 2019 | 2019-06-30 | $3.4M | $987,000 | +41.75% |
| Q1 2019 | 2019-03-31 | $3.0M | $396,000 | +15.27% |
| Q4 2018 | 2018-12-31 | $4.1M | −$15,000 | −0.36% |
| Q3 2018 | 2018-09-30 | $2.6M | $75,000 | +2.97% |
| Q2 2018 | 2018-06-30 | $2.4M | $151,000 | +6.82% |
| Q1 2018 | 2018-03-31 | $2.6M | −$1.6M | −38.55% |
| Q4 2017 | 2017-12-31 | $4.1M | $1.7M | +69.47% |
| Q3 2017 | 2017-09-30 | $2.5M | $475,000 | +23.17% |
| Q2 2017 | 2017-06-30 | $2.2M | −$501,000 | −18.46% |
| Q1 2017 | 2017-03-31 | $4.2M | $1.8M | +73.85% |
| Q4 2016 | 2016-12-31 | $2.4M | −$1.4M | −37.16% |
| Q3 2016 | 2016-09-30 | $2.0M | −$1.8M | −47.14% |
| Q2 2016 | 2016-06-30 | $2.7M | −$1.1M | −28.37% |
| Q1 2016 | 2016-03-31 | $2.4M | −$308,000 | −11.26% |
| Q4 2015 | 2015-12-31 | $3.9M | $1.0M | +36.93% |
| Q3 2015 | 2015-09-30 | $3.9M | $1.2M | +44.70% |
| Q2 2015 | 2015-06-30 | $3.8M | $1.3M | +53.77% |
| Q1 2015 | 2015-03-31 | $2.7M | $84,000 | +3.17% |
| Q4 2014 | 2014-12-31 | $2.8M | −$1.1M | −27.55% |
| Q3 2014 | 2014-09-30 | $2.7M | −$609,000 | −18.52% |
| Q2 2014 | 2014-06-30 | $2.5M | −$411,000 | −14.30% |
| Q1 2014 | 2014-03-31 | $2.7M | −$1.3M | −32.83% |
| Q4 2013 | 2013-12-31 | $3.9M | −$269,000 | −6.46% |
| Q3 2013 | 2013-09-30 | $3.3M | −$66,000 | −1.97% |
| Q2 2013 | 2013-06-30 | $2.9M | −$117,000 | −3.91% |
| Q1 2013 | 2013-03-31 | $3.9M | $1.0M | +35.39% |
| Q4 2012 | 2012-12-31 | $4.2M | $553,000 | +15.30% |
| Q3 2012 | 2012-09-30 | $3.4M | $530,000 | +18.76% |
| Q2 2012 | 2012-06-30 | $3.0M | $664,000 | +28.52% |
| Q1 2012 | 2012-03-31 | $2.9M | −$570,000 | −16.35% |
| Q4 2011 | 2011-12-31 | $3.6M | — | — |
| Q3 2011 | 2011-09-30 | $2.8M | $465,000 | +19.70% |
| Q2 2011 | 2011-06-30 | $2.3M | $230,000 | +10.96% |
| Q1 2011 | 2011-03-31 | $3.5M | — | — |
| Q3 2010 | 2010-09-30 | $2.4M | — | — |
| Q2 2010 | 2010-06-30 | $2.1M | — | — |
Cadiz operating expenses trends
Over the last five fiscal years, Cadiz's operating expenses increased from $12.3M to $41.9M, a change of $29.6M. The latest reported quarter, Q2 2026, shows $9.8M.
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Cadiz source filings ↗