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Side-by-side financial comparison of CADIZ INC (CDZI) and Falcon's Beyond Global, Inc. (FBYD). Click either name above to swap in a different company.

Falcon's Beyond Global, Inc. is the larger business by last-quarter revenue ($6.6M vs $5.1M, roughly 1.3× CADIZ INC). On growth, Falcon's Beyond Global, Inc. posted the faster year-over-year revenue change (383.5% vs 7.0%). Falcon's Beyond Global, Inc. produced more free cash flow last quarter ($-4.3M vs $-8.2M). Over the past eight quarters, CADIZ INC's revenue compounded faster (113.0% CAGR vs 108.4%).

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.

500 Global is an early-stage venture fund and seed accelerator founded in 2010 by Dave McClure and Christine Tsai. The fund admitted a first "class" of twelve startups to its incubator office in Mountain View, California in February 2011. They expanded to a second class of 21 in June 2011 and a third class of 34 in October 2011. 500 Global has $2.3 billion in assets under management (AUM) as of March 2024.

CDZI vs FBYD — Head-to-Head

Bigger by revenue
FBYD
FBYD
1.3× larger
FBYD
$6.6M
$5.1M
CDZI
Growing faster (revenue YoY)
FBYD
FBYD
+376.4% gap
FBYD
383.5%
7.0%
CDZI
More free cash flow
FBYD
FBYD
$3.9M more FCF
FBYD
$-4.3M
$-8.2M
CDZI
Faster 2-yr revenue CAGR
CDZI
CDZI
Annualised
CDZI
113.0%
108.4%
FBYD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CDZI
CDZI
FBYD
FBYD
Revenue
$5.1M
$6.6M
Net Profit
$-296.0K
Gross Margin
33.0%
Operating Margin
-145.4%
-30.9%
Net Margin
-4.5%
Revenue YoY
7.0%
383.5%
Net Profit YoY
97.5%
EPS (diluted)
$-0.01

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
FBYD
FBYD
Q4 25
$5.1M
$6.6M
Q3 25
$4.1M
$4.1M
Q2 25
$4.1M
$2.5M
Q1 25
$3.0M
$1.7M
Q4 24
$4.8M
$1.4M
Q3 24
$3.2M
$2.1M
Q2 24
$513.0K
$1.8M
Q1 24
$1.1M
$1.5M
Net Profit
CDZI
CDZI
FBYD
FBYD
Q4 25
$-296.0K
Q3 25
$-7.1M
$-10.4M
Q2 25
$-7.7M
$25.1M
Q1 25
$-9.6M
$-8.1M
Q4 24
$-11.9M
Q3 24
$-6.8M
$39.3M
Q2 24
$-8.9M
$8.0M
Q1 24
$-6.8M
$114.0M
Gross Margin
CDZI
CDZI
FBYD
FBYD
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
FBYD
FBYD
Q4 25
-145.4%
-30.9%
Q3 25
-118.0%
-90.9%
Q2 25
-140.0%
-53.0%
Q1 25
-255.0%
-371.1%
Q4 24
-139.5%
-335.6%
Q3 24
-147.9%
-118.9%
Q2 24
-1354.6%
-195.9%
Q1 24
-437.8%
-350.5%
Net Margin
CDZI
CDZI
FBYD
FBYD
Q4 25
-4.5%
Q3 25
-170.5%
-256.8%
Q2 25
-187.3%
985.2%
Q1 25
-324.7%
-473.8%
Q4 24
-871.7%
Q3 24
-210.7%
1899.5%
Q2 24
-1729.4%
446.5%
Q1 24
-611.1%
7521.4%
EPS (diluted)
CDZI
CDZI
FBYD
FBYD
Q4 25
$-0.01
Q3 25
$-0.13
Q2 25
$0.30
Q1 25
$-0.13
Q4 24
$-0.25
Q3 24
$0.39
Q2 24
$0.00
Q1 24
$1.27

Balance Sheet & Financial Strength

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

Metric
CDZI
CDZI
FBYD
FBYD
Cash + ST InvestmentsLiquidity on hand
$8.6M
$1.9M
Total DebtLower is stronger
$72.7M
$15.6M
Stockholders' EquityBook value
$23.3M
$11.9M
Total Assets
$140.9M
$66.7M
Debt / EquityLower = less leverage
3.13×
1.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CDZI
CDZI
FBYD
FBYD
Q4 25
$8.6M
$1.9M
Q3 25
$4.4M
$4.3M
Q2 25
$13.2M
$26.1M
Q1 25
$21.6M
$1.1M
Q4 24
$17.3M
$825.0K
Q3 24
$3.3M
$828.0K
Q2 24
$10.1M
$1.7M
Q1 24
$19.2M
$1.1M
Total Debt
CDZI
CDZI
FBYD
FBYD
Q4 25
$72.7M
$15.6M
Q3 25
Q2 25
Q1 25
Q4 24
$56.7M
$41.2M
Q3 24
$10.3M
Q2 24
$15.7M
Q1 24
$15.1M
Stockholders' Equity
CDZI
CDZI
FBYD
FBYD
Q4 25
$23.3M
$11.9M
Q3 25
$27.7M
$9.2M
Q2 25
$35.6M
$414.0K
Q1 25
$44.0M
$-11.6M
Q4 24
$34.0M
$-9.0M
Q3 24
$20.7M
$-1.4M
Q2 24
$27.6M
$-44.7M
Q1 24
$36.6M
$-61.7M
Total Assets
CDZI
CDZI
FBYD
FBYD
Q4 25
$140.9M
$66.7M
Q3 25
$128.0M
$66.8M
Q2 25
$136.4M
$89.2M
Q1 25
$145.6M
$56.7M
Q4 24
$134.5M
$61.2M
Q3 24
$112.6M
$66.5M
Q2 24
$118.1M
$65.9M
Q1 24
$118.1M
$67.8M
Debt / Equity
CDZI
CDZI
FBYD
FBYD
Q4 25
3.13×
1.31×
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
FBYD
FBYD
Operating Cash FlowLast quarter
$-6.9M
$-4.3M
Free Cash FlowOCF − Capex
$-8.2M
$-4.3M
FCF MarginFCF / Revenue
-162.2%
-66.0%
Capex IntensityCapex / Revenue
26.1%
0.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-26.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CDZI
CDZI
FBYD
FBYD
Q4 25
$-6.9M
$-4.3M
Q3 25
$-7.0M
$-13.3M
Q2 25
$-1.4M
$-7.9M
Q1 25
$-3.6M
$945.0K
Q4 24
$-6.2M
$-3.8M
Q3 24
$-5.4M
$-2.4M
Q2 24
$-7.1M
$-2.6M
Q1 24
$-2.9M
$-3.8M
Free Cash Flow
CDZI
CDZI
FBYD
FBYD
Q4 25
$-8.2M
$-4.3M
Q3 25
$-7.5M
$-13.4M
Q2 25
$-5.9M
Q1 25
$-4.9M
$853.0K
Q4 24
$-6.6M
$-3.8M
Q3 24
$-5.4M
$-2.4M
Q2 24
$-7.3M
$-2.6M
Q1 24
$-3.1M
$-3.8M
FCF Margin
CDZI
CDZI
FBYD
FBYD
Q4 25
-162.2%
-66.0%
Q3 25
-179.8%
-329.6%
Q2 25
-142.2%
Q1 25
-167.0%
49.9%
Q4 24
-139.4%
-278.7%
Q3 24
-168.8%
-114.9%
Q2 24
-1431.6%
-145.6%
Q1 24
-272.9%
-248.8%
Capex Intensity
CDZI
CDZI
FBYD
FBYD
Q4 25
26.1%
0.3%
Q3 25
10.8%
1.0%
Q2 25
109.3%
0.0%
Q1 25
43.6%
5.4%
Q4 24
8.7%
0.1%
Q3 24
1.7%
0.2%
Q2 24
54.8%
0.1%
Q1 24
16.6%
0.3%
Cash Conversion
CDZI
CDZI
FBYD
FBYD
Q4 25
Q3 25
Q2 25
-0.31×
Q1 25
Q4 24
Q3 24
-0.06×
Q2 24
-0.33×
Q1 24
-0.03×

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%

FBYD
FBYD

Segment breakdown not available.

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