Codexis, Inc.
CDXS- Exchange
- Nasdaq
- Industry
- Industrial Organic Chemicals
- SEC CIK
- 0001200375
In the last 90 days, Codexis, Inc. insiders filed 0 open-market purchases and 3 sales; 149 institutions reported holding it in 13F filings for Q2 2026, worth $146.5M in total; no superinvestor holds it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Nov 13, 2026, 1:18 AM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Net loss for FY2025: $44.0M (62.5% of revenue).
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Mar 11, 2026 | Feb 27, 2025 | Jan 9, 2024 | Feb 23, 2023 | Feb 24, 2022 |
| Revenue | $70.4M | $59.3M | $70.1M | $138.6M | $104.8M |
| Cost of revenue | $9.34M | $16.3M | $12.8M | $38.0M | $22.2M |
| Research and development | $52.3M | $46.3M | $58.9M | $80.1M | $55.9M |
| Selling, general and administrative | $47.1M | $55.1M | $53.3M | $52.2M | $49.3M |
| Operating income | -$41.7M | -$58.5M | -$68.1M | -$34.9M | -$22.7M |
| Income tax | $47.0K | $34.0K | $69.0K | $276.0K | $189.0K |
| Net income | -$44.0M | -$65.3M | -$76.2M | -$33.6M | -$21.3M |
| EPS, basic | $-0.50 | $-0.89 | $-1.12 | $-0.51 | $-0.33 |
| EPS, diluted | $-0.50 | $-0.89 | $-1.12 | $-0.51 | $-0.33 |
| Weighted shares, basic | 87.1M | 73.4M | 68.1M | 65.3M | 64.6M |
| Weighted shares, diluted | 87.1M | 73.4M | 68.1M | 65.3M | 64.6M |
| Margins and growth | |||||
| Operating margin | -59.3% | -98.6% | -97.0% | -25.2% | -21.7% |
| Net margin | -62.5% | -110.0% | -108.7% | -24.2% | -20.3% |
| Revenue growth, year over year | +18.6% | −15.4% | −49.4% | +32.3% | +51.7% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Mar 11, 2026 | Feb 27, 2025 | Jan 9, 2024 | Feb 23, 2023 | Feb 24, 2022 |
| Cash and equivalents | $50.8M | $19.3M | $65.1M | $114.0M | $116.8M |
| Short-term investments | $27.4M | $54.2M | – | – | – |
| Accounts receivable | – | – | $10.0M | $31.9M | $25.0M |
| Inventory | $1.82M | $1.80M | $2.69M | $2.03M | $1.16M |
| Total current assets | $96.8M | $98.8M | $93.5M | $162.9M | $161.9M |
| Property, plant and equipment | $13.0M | $14.2M | $15.5M | $22.6M | $21.3M |
| Goodwill | $2.46M | $2.46M | $2.46M | $3.24M | $3.24M |
| Total assets | $147.8M | $149.0M | $136.6M | $250.4M | $246.4M |
| Accounts payable | $1.55M | $2.84M | $5.95M | $3.25M | $3.00M |
| Total current liabilities | $25.3M | $23.6M | $35.8M | $49.1M | $33.4M |
| Long-term debt | $40.1M | $28.9M | – | – | – |
| Total liabilities | $97.3M | $82.1M | $49.9M | $105.6M | $82.0M |
| Shareholders' equity | $50.5M | $66.9M | $86.6M | $144.8M | $164.4M |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Mar 11, 2026 | Feb 27, 2025 | Jan 9, 2024 | Feb 23, 2023 | Feb 24, 2022 |
| Operating cash flow | -$19.4M | -$49.4M | -$52.6M | $11.3M | -$14.3M |
| Capital expenditures | $4.47M | $4.30M | $4.42M | $8.31M | $13.8M |
| Free cash flow | -$23.8M | -$53.7M | -$57.1M | $2.98M | -$28.1M |
| Depreciation and amortization | $5.25M | $4.95M | – | – | – |
| Stock-based compensation | $9.62M | $13.1M | $9.97M | $14.5M | $11.6M |
| Investing cash flow | $23.5M | -$57.0M | -$4.86M | -$13.6M | -$21.4M |
| Financing cash flow | $27.9M | $60.5M | $8.17M | -$575.0K | $3.77M |
| Net change in cash | $32.1M | -$45.9M | -$49.3M | -$2.87M | -$31.9M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 13.7% | 22.1% | 14.2% | 10.5% | 11.1% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Nov 9, 2026 | 109.6M | +21.3% | SEC |
| Aug 6, 2026 | 109.5M | +21.3% | SEC |
| May 1, 2026 | 90.9M | +9.7% | SEC |
| Mar 5, 2026 | 90.9M | +9.7% | SEC |
| Nov 3, 2025 | 90.3M | +11.0% | SEC |
| Aug 8, 2025 | 90.3M | +27.3% | SEC |
| May 9, 2025 | 82.8M | +17.4% | SEC |
| Feb 24, 2025 | 82.8M | +17.8% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.