Codexis, Inc. (NASDAQ:CDXS)
Insiders filed in the last 90 days, but none of those trades qualified for scoring — round-trip buys and filings whose price is far off the market are excluded.
Loses money on what it sells.
- Revenue
- $77.7M
- Net income
- -$30.7M
- Net margin
- -39.6%
Heavily indebted for what it earns.
- Total debt
- $72.6M
- Cash
- $27.2M
- Debt / equity
- 2.20
Comfortably covers what is due within a year.
- Current assets
- $71.9M
- Current liabilities
- $23.5M
- Current ratio
- 3.06
Consumes cash and must keep raising it.
- Operating cash flow
- -$10.4M
- Free cash flow
- -$12.2M
- FCF margin
- -15.7%
Not funding itself by issuing shares.
- Shares outstanding
- 91.1M
- Share growth (1y)
- 6.6%
- Cash runway
- 31 months
Five pillars — profitability, leverage, liquidity, cash generation, dilution & runway — each scored 0–20 from the company’s own income statement, balance sheet and cash-flow statement, then scaled to 100. A pillar the statements cannot answer is left out rather than guessed; fewer than three and no score is shown.
CDXS Income Statement
| Fiscal Period | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Period Ending | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 |
| Revenue | 14.91 M | 15.25 M | 38.91 M | 8.60 M | 15.33 M | 7.54 M |
| Revenue Growth (YoY) | -2.69 % | 102.15 % | 81.34 % | -32.98 % | 92.10 % | -55.82 % |
| Cost of Revenue | 3.51 M | 3.31 M | 3.36 M | 2.46 M | 3.40 M | 2.73 M |
| Gross Profit | 11.40 M | 11.94 M | 35.55 M | 6.14 M | 11.93 M | 4.81 M |
| SG&A Expense | 10.93 M | 9.67 M | 10.66 M | 11.22 M | 12.20 M | 12.36 M |
| R&D Expense | 11.71 M | 10.31 M | 10.92 M | 13.87 M | 12.59 M | 12.94 M |
| Operating Expenses | 22.63 M | 19.98 M | 21.59 M | 25.09 M | 24.79 M | 25.30 M |
| Operating Income | -11.23 M | -8.04 M | 13.96 M | -18.95 M | -12.86 M | -20.49 M |
| Pretax Income | -11.99 M | -8.67 M | 9.62 M | -19.61 M | -13.26 M | -20.68 M |
| Tax Provision | 10.00 K | 36.00 K | 18.00 K | 8.00 K | 10.00 K | 11.00 K |
| Net Income | -12.01 M | -8.70 M | 9.60 M | -19.61 M | -13.27 M | -20.69 M |
| EPS (Basic) | -0.13 | -0.10 | 0.11 | -0.22 | -0.16 | -0.25 |
| EPS (Diluted) | -0.13 | -0.10 | 0.11 | -0.22 | -0.16 | -0.25 |
| Shares Outstanding | 91.05 M | 90.77 M | 90.40 M | 90.25 M | 85.39 M | 82.41 M |
Quarterly figures; YoY compares the same fiscal quarter a year earlier. Source: public market data.