Codexis, Inc. (CDXS)
NASDAQ: CDXS · Real-Time Price · USD
1.480
-0.510 (-25.63%)
At close: Jul 24, 2026, 4:00 PM EDT
1.450
-0.030 (-2.03%)
After-hours: Jul 24, 2026, 7:59 PM EDT

Codexis Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
78.0970.3959.3570.14138.59104.75
Revenue Growth
56.76%18.61%-15.39%-49.39%32.30%51.69%
Gross Profit
69.4261.0543.0657.33100.5682.55
Operating Income
-29.3-41.74-58.52-68.07-34.88-22.7
Net Income
-31.99-43.97-65.28-76.24-33.59-21.28
Earnings Per Share
-0.37-0.50-0.89-1.12-0.51-0.33
EPS Growth
------

Revenue by Geography

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
United States, Canada, Latin America (Americas)
49.3143.5421.2813.731723.48
Ireland
-0.71.80.537.21.4
Switzerland
-4.23.411.19.210.1
Europe, Middle East, Africa (emea) (excl. Ireland & Switzerland)
-4.395.1611.3110.148.69
China
-9.39.820.348.643.5
India
-5.77.35.78.8-
Singapore
-0.46.22.43.2-
Australia, New Zealand, Southeast Asia, China (apac) (excl. China, India, Singapore)
-2.164.415.14.45-
Total
78.0970.3959.3570.14138.59104.75

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
65.1478.2173.4665.12113.98116.8
Total Debt
72.973.2159.916.0243.6447.65
Net Cash (Debt)
-7.76513.5649.0970.3569.14
Net Cash Growth
--63.13%-72.37%-30.21%1.74%-44.76%
Net Cash Per Share
-0.090.060.180.721.081.07

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
-18.73-19.38-49.41-52.6411.28-14.27
Capital Expenditures
-3.39-4.47-4.31-4.42-8.31-13.83
Free Cash Flow
-22.12-23.85-53.72-57.062.98-28.1
Free Cash Flow Growth
------

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
88.90%86.73%72.55%81.74%72.56%78.80%
Operating Margin
-37.51%-59.30%-98.61%-97.04%-25.17%-21.67%
Pretax Margin
-40.87%-62.41%-109.94%-108.59%-24.04%-20.13%
Profit Margin
-40.87%-62.47%-109.99%-108.69%-24.24%-20.31%
FCF Margin
-28.33%-33.88%-90.51%-81.34%2.15%-26.82%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Forward PE
-151.20151.20151.20151.20151.20
P/FCF Ratio
----103.02-
PS Ratio
1.722.106.583.042.2119.44