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Side-by-side financial comparison of CADIZ INC (CDZI) and DBV Technologies S.A. (DBVT). Click either name above to swap in a different company.

CADIZ INC is the larger business by last-quarter revenue ($5.1M vs $2.8M, roughly 1.8× DBV Technologies S.A.). On growth, DBV Technologies S.A. posted the faster year-over-year revenue change (158.8% vs 7.0%). CADIZ INC produced more free cash flow last quarter ($-8.2M vs $-32.6M). Over the past eight quarters, CADIZ INC's revenue compounded faster (113.0% CAGR vs 12.4%).

Cadiz Inc is a U.S.-based natural resources and sustainable development company focused on managing water resources, agricultural land, and renewable energy projects. It operates primarily in California, serving municipal, agricultural, and commercial clients with reliable water supply solutions and land stewardship services.

DBV Technologies SA is a publicly owned French biopharmaceutical firm headquartered in Bagneux, France. DBV Technologies is known for developing "Viaskin" technology for administering allergens or antigens to intact skin while avoiding any transfer to the blood. Viaskin Peanut clinical development has received Fast Track designation from the US Food and Drug Administration.

CDZI vs DBVT — Head-to-Head

Bigger by revenue
CDZI
CDZI
1.8× larger
CDZI
$5.1M
$2.8M
DBVT
Growing faster (revenue YoY)
DBVT
DBVT
+151.7% gap
DBVT
158.8%
7.0%
CDZI
More free cash flow
CDZI
CDZI
$24.3M more FCF
CDZI
$-8.2M
$-32.6M
DBVT
Faster 2-yr revenue CAGR
CDZI
CDZI
Annualised
CDZI
113.0%
12.4%
DBVT

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
CDZI
CDZI
DBVT
DBVT
Revenue
$5.1M
$2.8M
Net Profit
$-33.2M
Gross Margin
33.0%
Operating Margin
-145.4%
-1235.7%
Net Margin
-1195.5%
Revenue YoY
7.0%
158.8%
Net Profit YoY
-8.9%
EPS (diluted)
$-0.24

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CDZI
CDZI
DBVT
DBVT
Q4 25
$5.1M
Q3 25
$4.1M
$2.8M
Q2 25
$4.1M
$1.5M
Q1 25
$3.0M
Q4 24
$4.8M
Q3 24
$3.2M
Q2 24
$513.0K
$1.2M
Q1 24
$1.1M
$1.4M
Net Profit
CDZI
CDZI
DBVT
DBVT
Q4 25
Q3 25
$-7.1M
$-33.2M
Q2 25
$-7.7M
$-41.9M
Q1 25
$-9.6M
Q4 24
Q3 24
$-6.8M
Q2 24
$-8.9M
$-33.1M
Q1 24
$-6.8M
$-27.3M
Gross Margin
CDZI
CDZI
DBVT
DBVT
Q4 25
33.0%
Q3 25
27.3%
Q2 25
35.4%
Q1 25
29.7%
Q4 24
36.1%
Q3 24
25.3%
Q2 24
Q1 24
10.4%
Operating Margin
CDZI
CDZI
DBVT
DBVT
Q4 25
-145.4%
Q3 25
-118.0%
-1235.7%
Q2 25
-140.0%
-2806.2%
Q1 25
-255.0%
Q4 24
-139.5%
Q3 24
-147.9%
Q2 24
-1354.6%
-2914.9%
Q1 24
-437.8%
-2029.7%
Net Margin
CDZI
CDZI
DBVT
DBVT
Q4 25
Q3 25
-170.5%
-1195.5%
Q2 25
-187.3%
-2858.4%
Q1 25
-324.7%
Q4 24
Q3 24
-210.7%
Q2 24
-1729.4%
-2852.4%
Q1 24
-611.1%
-1943.5%
EPS (diluted)
CDZI
CDZI
DBVT
DBVT
Q4 25
Q3 25
$-0.24
Q2 25
$-0.31
Q1 25
Q4 24
Q3 24
Q2 24
$-0.34
Q1 24
$-0.28

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CDZI
CDZI
DBVT
DBVT
Cash + ST InvestmentsLiquidity on hand
$8.6M
$69.8M
Total DebtLower is stronger
$72.7M
Stockholders' EquityBook value
$23.3M
$52.9M
Total Assets
$140.9M
$110.5M
Debt / EquityLower = less leverage
3.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CDZI
CDZI
DBVT
DBVT
Q4 25
$8.6M
Q3 25
$4.4M
$69.8M
Q2 25
$13.2M
$103.2M
Q1 25
$21.6M
Q4 24
$17.3M
Q3 24
$3.3M
Q2 24
$10.1M
$66.2M
Q1 24
$19.2M
$101.5M
Total Debt
CDZI
CDZI
DBVT
DBVT
Q4 25
$72.7M
Q3 25
Q2 25
Q1 25
Q4 24
$56.7M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CDZI
CDZI
DBVT
DBVT
Q4 25
$23.3M
Q3 25
$27.7M
$52.9M
Q2 25
$35.6M
$86.2M
Q1 25
$44.0M
Q4 24
$34.0M
Q3 24
$20.7M
Q2 24
$27.6M
$79.1M
Q1 24
$36.6M
$111.7M
Total Assets
CDZI
CDZI
DBVT
DBVT
Q4 25
$140.9M
Q3 25
$128.0M
$110.5M
Q2 25
$136.4M
$143.4M
Q1 25
$145.6M
Q4 24
$134.5M
Q3 24
$112.6M
Q2 24
$118.1M
$114.2M
Q1 24
$118.1M
$145.9M
Debt / Equity
CDZI
CDZI
DBVT
DBVT
Q4 25
3.13×
Q3 25
Q2 25
Q1 25
Q4 24
1.67×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CDZI
CDZI
DBVT
DBVT
Operating Cash FlowLast quarter
$-6.9M
$-32.4M
Free Cash FlowOCF − Capex
$-8.2M
$-32.6M
FCF MarginFCF / Revenue
-162.2%
-1173.5%
Capex IntensityCapex / Revenue
26.1%
4.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-26.5M
$-138.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CDZI
CDZI
DBVT
DBVT
Q4 25
$-6.9M
Q3 25
$-7.0M
$-32.4M
Q2 25
$-1.4M
$-33.9M
Q1 25
$-3.6M
Q4 24
$-6.2M
Q3 24
$-5.4M
Q2 24
$-7.1M
$-35.1M
Q1 24
$-2.9M
$-34.7M
Free Cash Flow
CDZI
CDZI
DBVT
DBVT
Q4 25
$-8.2M
Q3 25
$-7.5M
$-32.6M
Q2 25
$-5.9M
$-33.9M
Q1 25
$-4.9M
Q4 24
$-6.6M
Q3 24
$-5.4M
Q2 24
$-7.3M
$-35.8M
Q1 24
$-3.1M
$-36.0M
FCF Margin
CDZI
CDZI
DBVT
DBVT
Q4 25
-162.2%
Q3 25
-179.8%
-1173.5%
Q2 25
-142.2%
-2316.5%
Q1 25
-167.0%
Q4 24
-139.4%
Q3 24
-168.8%
Q2 24
-1431.6%
-3084.0%
Q1 24
-272.9%
-2560.6%
Capex Intensity
CDZI
CDZI
DBVT
DBVT
Q4 25
26.1%
Q3 25
10.8%
4.2%
Q2 25
109.3%
2.2%
Q1 25
43.6%
Q4 24
8.7%
Q3 24
1.7%
Q2 24
54.8%
63.0%
Q1 24
16.6%
94.9%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CDZI
CDZI

Water Treatment$4.4M86%
Other$724.0K14%

DBVT
DBVT

Segment breakdown not available.

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