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Side-by-side financial comparison of CADIZ INC (CDZI) and UR-ENERGY INC (URG). Click either name above to swap in a different company.
UR-ENERGY INC is the larger business by last-quarter revenue ($6.3M vs $5.1M, roughly 1.2× CADIZ INC). On growth, CADIZ INC posted the faster year-over-year revenue change (7.0% vs -1.2%). CADIZ INC produced more free cash flow last quarter ($-8.2M vs $-20.4M).
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.
UR-Energy Inc. is a specialized uranium mining firm that uses low-environmental-impact in-situ recovery extraction technology. It operates assets in the western United States, supplying uranium concentrate to nuclear power utilities across North America and global markets to support clean energy production.
CDZI vs URG — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.1M | $6.3M |
| Net Profit | — | $-27.5M |
| Gross Margin | 33.0% | — |
| Operating Margin | -145.4% | -313.3% |
| Net Margin | — | -434.3% |
| Revenue YoY | 7.0% | -1.2% |
| Net Profit YoY | — | -243.2% |
| EPS (diluted) | — | $-0.07 |
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.
| Q4 25 | $5.1M | — | ||
| Q3 25 | $4.1M | $6.3M | ||
| Q2 25 | $4.1M | $10.4M | ||
| Q1 25 | $3.0M | — | ||
| Q4 24 | $4.8M | $22.7M | ||
| Q3 24 | $3.2M | $6.4M | ||
| Q2 24 | $513.0K | $4.7M | ||
| Q1 24 | $1.1M | $0 |
| Q4 25 | — | — | ||
| Q3 25 | $-7.1M | $-27.5M | ||
| Q2 25 | $-7.7M | $-21.0M | ||
| Q1 25 | $-9.6M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-6.8M | $-8.0M | ||
| Q2 24 | $-8.9M | $-6.6M | ||
| Q1 24 | $-6.8M | $-18.5M |
| Q4 25 | 33.0% | — | ||
| Q3 25 | 27.3% | — | ||
| Q2 25 | 35.4% | 18.6% | ||
| Q1 25 | 29.7% | — | ||
| Q4 24 | 36.1% | — | ||
| Q3 24 | 25.3% | 12.3% | ||
| Q2 24 | — | 28.5% | ||
| Q1 24 | 10.4% | — |
| Q4 25 | -145.4% | — | ||
| Q3 25 | -118.0% | -313.3% | ||
| Q2 25 | -140.0% | -151.1% | ||
| Q1 25 | -255.0% | — | ||
| Q4 24 | -139.5% | — | ||
| Q3 24 | -147.9% | -185.4% | ||
| Q2 24 | -1354.6% | -245.2% | ||
| Q1 24 | -437.8% | — |
| Q4 25 | — | — | ||
| Q3 25 | -170.5% | -434.3% | ||
| Q2 25 | -187.3% | -200.8% | ||
| Q1 25 | -324.7% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -210.7% | -125.0% | ||
| Q2 24 | -1729.4% | -141.5% | ||
| Q1 24 | -611.1% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $-0.07 | ||
| Q2 25 | — | $-0.06 | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-0.02 | ||
| Q2 24 | — | $-0.02 | ||
| Q1 24 | — | $-0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $8.6M | $52.0M |
| Total DebtLower is stronger | $72.7M | — |
| Stockholders' EquityBook value | $23.3M | $90.7M |
| Total Assets | $140.9M | $170.9M |
| Debt / EquityLower = less leverage | 3.13× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.6M | — | ||
| Q3 25 | $4.4M | $52.0M | ||
| Q2 25 | $13.2M | $57.6M | ||
| Q1 25 | $21.6M | — | ||
| Q4 24 | $17.3M | $76.1M | ||
| Q3 24 | $3.3M | $118.5M | ||
| Q2 24 | $10.1M | $61.3M | ||
| Q1 24 | $19.2M | $53.9M |
| Q4 25 | $72.7M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $56.7M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $23.3M | — | ||
| Q3 25 | $27.7M | $90.7M | ||
| Q2 25 | $35.6M | $102.1M | ||
| Q1 25 | $44.0M | — | ||
| Q4 24 | $34.0M | $132.8M | ||
| Q3 24 | $20.7M | $152.1M | ||
| Q2 24 | $27.6M | $92.8M | ||
| Q1 24 | $36.6M | $76.9M |
| Q4 25 | $140.9M | — | ||
| Q3 25 | $128.0M | $170.9M | ||
| Q2 25 | $136.4M | $171.3M | ||
| Q1 25 | $145.6M | — | ||
| Q4 24 | $134.5M | $194.1M | ||
| Q3 24 | $112.6M | $201.4M | ||
| Q2 24 | $118.1M | $140.6M | ||
| Q1 24 | $118.1M | $124.9M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-6.9M | $-15.0M |
| Free Cash FlowOCF − Capex | $-8.2M | $-20.4M |
| FCF MarginFCF / Revenue | -162.2% | -322.5% |
| Capex IntensityCapex / Revenue | 26.1% | 84.5% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-26.5M | $-129.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.9M | — | ||
| Q3 25 | $-7.0M | $-15.0M | ||
| Q2 25 | $-1.4M | $-12.1M | ||
| Q1 25 | $-3.6M | — | ||
| Q4 24 | $-6.2M | $-71.9M | ||
| Q3 24 | $-5.4M | $-6.8M | ||
| Q2 24 | $-7.1M | $-11.3M | ||
| Q1 24 | $-2.9M | $-14.4M |
| Q4 25 | $-8.2M | — | ||
| Q3 25 | $-7.5M | $-20.4M | ||
| Q2 25 | $-5.9M | $-17.2M | ||
| Q1 25 | $-4.9M | — | ||
| Q4 24 | $-6.6M | $-81.0M | ||
| Q3 24 | $-5.4M | $-10.7M | ||
| Q2 24 | $-7.3M | $-12.3M | ||
| Q1 24 | $-3.1M | $-15.2M |
| Q4 25 | -162.2% | — | ||
| Q3 25 | -179.8% | -322.5% | ||
| Q2 25 | -142.2% | -164.5% | ||
| Q1 25 | -167.0% | — | ||
| Q4 24 | -139.4% | -357.4% | ||
| Q3 24 | -168.8% | -167.1% | ||
| Q2 24 | -1431.6% | -263.7% | ||
| Q1 24 | -272.9% | — |
| Q4 25 | 26.1% | — | ||
| Q3 25 | 10.8% | 84.5% | ||
| Q2 25 | 109.3% | 48.5% | ||
| Q1 25 | 43.6% | — | ||
| Q4 24 | 8.7% | 39.9% | ||
| Q3 24 | 1.7% | 60.1% | ||
| Q2 24 | 54.8% | 21.7% | ||
| Q1 24 | 16.6% | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CDZI
| Water Treatment | $4.4M | 86% |
| Other | $724.0K | 14% |
URG
Segment breakdown not available.
