Mission Statement, Vision, & Core Values of Cadiz Inc. (CDZI)

The Mission Statement, Vision, and Core Values of Cadiz Inc. (CDZI) are defintely more than just corporate boilerplate; they are the strategic foundation for a company operating in the high-stakes, drought-impacted water sector.

With a market capitalization hovering around $449 million as of late October 2025 and a year-to-date revenue through Q3 2025 of $11.2 million-a 131% jump year-over-year-can you afford to ignore the principles guiding this kind of growth in a critical resource market? We need to look past the $7.1 million net loss for the first nine months of 2025 and see how their commitment to sustainable water solutions and environmental stewardship, backed by a recent $51 million project investment, maps to their long-term value proposition. What does their core purpose-to sustainably deliver clean, affordable water-really mean for your investment thesis or business strategy?

Cadiz Inc. (CDZI) Overview

You're looking for a clear picture of Cadiz Inc., a company that's been in the water solutions game for decades, and honestly, its story is all about long-term asset development finally hitting a pivot point. Founded in 1983, Cadiz Inc. is a California-based natural resources company focused on providing clean, reliable water and sustainable land solutions, which is a big deal in the arid American Southwest.

The core business is built on two main segments: Land and Water Resources, and Water Filtration Technology. They own vast assets, including roughly 45,000 acres of land, 2.5 million acre-feet of vested water supply, and a 220-mile pipeline network that they are repurposing for water conveyance. That's a lot of infrastructure. Their flagship project, the Mojave Groundwater Bank, is designed to deliver up to 50,000 acre-feet per year (AFY) of water, which is a significant new supply for Southern California communities.

As of the nine months ended September 30, 2025, the company's total revenue stood at $11.2 million. This revenue is primarily driven by their Water Filtration Technology segment, which they acquired in 2022. It's a simple, high-growth business that provides immediate sales while the major water infrastructure projects are still in development.

2025 Fiscal Year Financial Momentum

The financial reports for the 2025 fiscal year show a company in transition, moving from pure development to commercial operation, and the results are defintely showing momentum. The total company revenue for the nine months ending September 30, 2025, was $11.2 million, marking a massive 131% increase year-over-year. That's a huge jump, but what's driving it?

The engine of this near-term revenue growth is the Water Filtration Technology segment, ATEC Water Systems. This segment's revenue alone hit $10.1 million for the first nine months of 2025, up from $3.5 million in the same period in 2024. Here's the quick math: ATEC sales made up about 90% of the total 2025 year-to-date revenue. This is a clear case of a strategic acquisition providing immediate cash flow and demonstrating product-market fit.

The growth in product sales is concrete, not abstract. For instance, ATEC shipped 308 filtration systems year-to-date through Q3 2025, more than double the volume from the prior year. Still, the company reported a net loss of $7.1 million in Q3 2025, which is typical for a company building out massive, long-life infrastructure like the Mojave Groundwater Bank. What this estimate hides is the strategic investment in future recurring cash flows.

A Leader in Water Infrastructure and Innovation

Cadiz Inc. is positioning itself as a leader in the critical water solutions industry, especially in a region facing chronic water scarcity. Their strategy isn't just about extracting water; it's about providing sustainable storage and conveyance solutions, which is the real challenge in California. They are pioneering the conversion of a fossil fuel pipeline into a water conveyance system, which is a smart, capital-efficient move.

The company's leadership position is being solidified by major project milestones and strategic partnerships in 2025. They secured a key $51 million investment from the Lytton Rancheria of California for the Mojave Groundwater Bank, which is the first tranche of construction financing. Also, they executed an agreement for the purchase and sale of 25,000 AFY of water supply with EPCOR, Arizona's largest private water utility, a significant step into the broader Southwestern market.

Cadiz is definitely one of the companies to watch in the water sector, given its asset base and the strategic moves made this year. If you want to dive deeper into the institutional backing and market sentiment behind these projects, you should check out Exploring Cadiz Inc. (CDZI) Investor Profile: Who's Buying and Why?

Cadiz Inc. (CDZI) Mission Statement

You're looking for a clear map of where Cadiz Inc. (CDZI) is headed, and that starts with their mission. A mission statement isn't just a marketing slogan; it's the core operating principle that guides every capital allocation decision and project timeline. For Cadiz Inc., their mission is to support communities that lack reliable access to clean, affordable water needed for economic growth and an equitable quality of life by improving California's water transportation network and delivering sustainable water supply and storage solutions while cultivating sustainable farming opportunities. This statement is a defintely a multi-faceted mandate, focusing on social equity, infrastructure, and resource stewardship.

The significance here is how this mission translates into tangible assets and revenue streams. For the first nine months of 2025, Cadiz Inc. reported total company revenue of $11.2 million, a figure largely driven by the operational execution of this mission, particularly through its water filtration technology subsidiary. That's a clear signal that their core purpose is becoming a commercial reality.

If you want to dive deeper into the players backing this strategy, you can check out Exploring Cadiz Inc. (CDZI) Investor Profile: Who's Buying and Why?

Component 1: Delivering Clean, Affordable, and Reliable Water

The first crucial component is the dedication to delivering safe, affordable, and reliable water to communities. This isn't just about moving water; it's about water quality and accessibility, which is where their ATEC Water Systems subsidiary comes in. This segment provides the high-quality filtration technology needed to meet stringent public health standards.

Here's the quick math on their commitment: ATEC's year-to-date revenue for the first nine months of 2025 reached $10.1 million, showing strong market adoption. Plus, they shipped 308 filtration systems during that period, more than doubling their 2024 volume. That's a massive jump in product delivery.

• Shipped 308 filtration systems in 2025 year-to-date.
• Achieved approximately 50% gross margin for ATEC in Q3 2025.
• Ensuring water quality is a non-negotiable part of the business model.

The gross margin of approximately 50% in Q3 2025 for ATEC, up from 32% in the prior year, confirms both the value of their high-quality product and the efficiency of their operations. This dedication to quality is what makes the water affordable long-term, by reducing treatment costs for municipalities.

Component 2: Improving California's Water Infrastructure and Supply

The second core element focuses on improving California's water transportation network and delivering sustainable water supply and storage solutions. This is the big-ticket infrastructure play, centered on their vast land and water assets, specifically the Mojave Groundwater Bank project. This project is the primary vehicle for providing long-term water security for Southern California.

You need to look at the capital flowing into this to gauge the commitment. In 2025, Cadiz Inc. secured a $51 million investment from the Lytton Rancheria of California, which is the initial phase of construction funding for the Mojave Groundwater Bank. Also, Cadiz Inc. is in the final stages of diligence for up to $400 million in additional equity capital to fund the construction of the Mojave Groundwater Bank. That is serious money backing a massive project.

This commitment is already translating into firm future contracts. For example, Cadiz Inc. executed a Memorandum of Understanding (MOU) for the purchase and sale of 25,000 AFY (Acre-Feet Per Year) of water supply via the Southern Pipeline with EPCOR, Arizona's largest private water utility. This kind of agreement shows the mission's success in creating new, reliable water pathways.

Component 3: Cultivating Sustainable Farming Opportunities

The third component, cultivating sustainable farming opportunities, reflects Cadiz Inc.'s role as a land development company and a steward of its 45,000 acres of land in California. The company's mission recognizes that water resource management is inextricably linked to agricultural viability in a drought-prone region.

While the focus is shifting heavily toward water infrastructure and filtration technology, the farming component remains a strategic part of their resource management. It ensures that the land is used responsibly, promoting sustainable agriculture that is compatible with the long-term health of the groundwater basin. This dual-segment approach-Land and Water Resources alongside Water Filtration Technology-mitigates risk and maximizes the utility of their assets.

The core value of being Principled in the management and conservation of our resources directly supports this farming mandate. It means they are not just extracting water, but managing the entire ecosystem, including the cultivation of sustainable crops that can thrive with the available water resources.

Cadiz Inc. (CDZI) Vision Statement

Cadiz Inc.'s vision is a clear roadmap for a critical sector: water. It's not just about selling water; it's about becoming the definitive leader in sustainable water resource management across the American Southwest. This vision is being actively realized through their 2025 project milestones, which are converting long-term asset value into tangible infrastructure.

Leading Sustainable Water Resource Management

The vision to be a leader in sustainable water resource management is directly supported by Cadiz Inc.'s core assets and recent financial performance. They own over 45,000 acres of land and hold rights to 2.5 million acre-feet of water supply, positioning them as a major player in a drought-stricken region. This isn't just a paper asset; it's the foundation for their business model.

Their subsidiary, ATEC Water Systems, is an early revenue driver, reflecting this commitment to solutions now. Year-to-date revenue for ATEC reached $10.1 million for the first nine months of 2025, more than double the prior year, confirming strong market adoption for their filtration technology. This revenue stream provides immediate operational cash flow while the larger infrastructure projects, like the Mojave Groundwater Bank, are being built. That's smart business execution.

• Own 45,000 acres, securing resource control.
• ATEC revenue hit $10.1 million year-to-date 2025.
• Focus on long-term, sustainable water access.

Innovative Conveyance and Storage Projects

A key pillar of the vision is to develop and implement innovative water conveyance and storage projects. The Mojave Groundwater Bank is the concrete example here, a massive project designed to store and deliver water across the region. The company has made defintely critical progress in 2025 by securing the first tranche of construction financing: a $51 million investment from the Lytton Rancheria of California. This investment validates their strategy and moves the project from planning to execution.

Here's the quick math: the Lytton investment is the initial phase of funding for the Mojave Water Infrastructure Company (MWI), the new entity Cadiz Inc. established to own and finance the pipeline and storage assets. Plus, they already own 220 miles of pipeline assets, which they are converting and repurposing for water conveyance, a much more cost-effective approach than new construction. They are leveraging existing infrastructure to solve a new-era problem. For a deeper dive into the capital structure supporting this, you should be Exploring Cadiz Inc. (CDZI) Investor Profile: Who's Buying and Why?

Enhancing Reliability and Environmental Stewardship

The final components of the vision-enhancing water supply reliability and promoting environmental stewardship-are two sides of the same coin in the arid Southwest. Water reliability is being addressed through new agreements, like the Memorandum of Understanding (MOU) with Arizona's largest private water utility, EPCOR, for the purchase and sale of 25,000 AFY (acre-feet per year) of water supply via the Southern Pipeline. This future recurring revenue stream directly ties their environmental stewardship-principled resource management-to shareholder value.

The company's commitment to stewardship is also evident in their operational metrics. While the company reported a net loss of $7.1 million in Q3 2025, this is typical for a capital-intensive infrastructure company in the development phase. What this estimate hides is the long-term value of their approved permits, such as the Addendum for the Northern pipeline, which required extensive environmental analysis and was approved by the Fenner Valley Water Authority in September 2025. They are building for the long-term, which means navigating complex regulatory waters to ensure environmental compliance and sustainable resource use.

Next Step: Finance: Track MWI's Q4 2025 project financing agreements, expected to close by year-end, to assess the total capital raised against the projected $400 million equity target for the Mojave Groundwater Bank.

Cadiz Inc. (CDZI) Core Values

You're looking for a clear map of what drives Cadiz Inc. beyond the balance sheet, and that's smart. A company's core values are the defintely best indicator of its long-term strategic resilience. For Cadiz, the focus is simple: water solutions for a water-scarce American Southwest. They translate their mission-to develop and manage water resources sustainably-into four core values that guide their capital allocation and operational decisions.

My analysis, based on their 2025 initiatives, shows a clear, actionable commitment to these values, moving from planning to construction on major projects. This isn't just corporate speak; it's a real-world framework for assessing their risk and opportunity.

Sustainable Water Resource Management

This value is about more than just conservation; it's about responsible resource management (stewardship) that ensures long-term viability for the environment and the business. Cadiz operates with the understanding that their water supply, estimated at 2.5 million acre-feet, is a finite resource that must be managed with precision. They aim to balance extraction with natural replenishment, a critical factor in the Mojave Desert ecosystem.

Here's the quick math: The expected annual yield from the Cadiz Ranch aquifer is estimated at 50,000 acre-feet over the next 50 years, contingent on environmental reviews. That long-term horizon is the definition of sustainability in this industry. They're thinking in half-centuries, not just quarterly reports.

• Balance extraction with aquifer replenishment.
• Utilize 220 miles of existing pipeline assets.
• Focus on long-term environmental viability.

They also signed a second Memorandum of Understanding (MOU) in June 2025 for a hydrogen-solar development at Cadiz Ranch. This initiative is expected to generate an additional $7 million to $10 million per year in lease revenue, plus it demonstrates a commitment to clean energy that aligns with environmental stewardship.

Reliable and Affordable Water Supply

The goal here is to deliver clean water to communities facing scarcity, which is a significant near-term risk across the Southwest. Cadiz's core business is built on providing a reliable supply that can be integrated into existing water networks, making it both accessible and affordable for public water systems. You can't build a community without a stable water source.

The proof is in the contracts. As of 2025, Cadiz has entered into agreements with various public and private water systems for the purchase of 21,275 acre-feet per year (AFY) of water supply. This represents a significant 85% of the Northern Pipeline's capacity, securing a revenue stream over a 40-year term. Also, the Memorandum of Understanding with EPCOR, Arizona's largest private water utility, for the purchase of 25,000 AFY of water supply via the Southern Pipeline further solidifies this commitment.

Principled Stakeholder and Community Engagement

Water projects are inherently complex, involving regulatory bodies, local communities, and tribal nations. Cadiz's value of principled engagement means building deep partnerships to ensure equitable access and shared ownership. This is how you de-risk a major infrastructure project.

The Mojave Groundwater Bank Project is the clearest example. In October 2025, Cadiz secured the first tranche of construction financing through a strategic partnership with the Lytton Rancheria of California. Lytton's investment of $51 million is the initial phase of project funding and will convert into an ownership interest in the new Mojave Water Infrastructure Company (MWI). This is the largest water infrastructure project of its kind led in partnership with Tribal Nations off tribal lands, a major step toward water equity.

For a deeper dive into the company's foundational structure, you should check out Cadiz Inc. (CDZI): History, Ownership, Mission, How It Works & Makes Money.

Value Creation Through Innovation

Cadiz understands that to create long-term shareholder value, they must use innovative technology and financing structures. This isn't just digging wells; it's about smart, scalable solutions.

The ATEC Water Systems subsidiary is a key component of this value. This division focuses on specialized water treatment filtration technology, which is the most cost-effective in the industry. The financial results speak for themselves: ATEC's year-to-date revenue for the first nine months of 2025 reached $10.1 million, a massive increase from the $3.5 million in the same period of 2024. Plus, they shipped 308 filtration systems year-to-date in 2025, which is more than double the volume achieved in 2024. This innovation is driving the overall company's revenue growth, which hit $11.2 million for the nine months ending September 30, 2025, up 131% year-over-year.

This kind of growth from an ancillary business confirms a strong market adoption and operational efficiency, giving the company a crucial revenue stream while the major infrastructure projects enter the construction phase. Finance: track ATEC's Q4 gross margin, which was already around 50% in Q3 2025, for a clear indicator of operational leverage.