Codexis Inc (CDXS) financials
Codexis revenue and earnings by year
Codexis's revenue was $70.4 million in the fiscal year to December 31, 2025, up 18.6% from the year before. Net income was -$44.0 million, -62.5% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 4.1% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 70 | 59 | 70 | 139 | 105 | 69 | 68 | 61 | 50 | 49 |
| Revenue growth | 18.6% | -15.4% | -49.4% | 32.3% | 51.7% | 0.9% | 13.0% | 21.1% | 2.4% | — |
| Gross profit | 61 | 43 | 57 | 101 | 83 | 55 | 53 | 48 | 36 | 39 |
| Gross margin | 86.7% | 72.6% | 81.7% | 72.6% | 78.8% | 80.1% | 77.2% | 79.2% | 71.4% | 80.0% |
| Operating income | -42 | -59 | -68 | -35 | -23 | -24 | -13 | -11 | -23 | -9 |
| Operating margin | -59.3% | -98.6% | -97.0% | -25.2% | -21.7% | -34.6% | -18.3% | -18.6% | -45.9% | -17.5% |
| Net income | -44 | -65 | -76 | -34 | -21 | -24 | -12 | -11 | -23 | -9 |
| Net margin | -62.5% | -110.0% | -108.7% | -24.2% | -20.3% | -34.8% | -17.4% | -18.0% | -46.0% | -17.5% |
| Diluted EPS | -$0.50 | -$0.89 | -$1.12 | -$0.51 | -$0.33 | -$0.40 | -$0.21 | -$0.22 | -$0.49 | -$0.22 |
| Free cash flow | -24 | -54 | -56 | 3 | -28 | -20 | -16 | -17 | -10 | -3 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open CDXS in Markets.
How Codexis makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Product | $13.2M | 88.6% |
| Research & Development Revenue | $1.70M | 11.4% |
See also: CDXS returns
No forecast, no recommendation. This page describes Codexis Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.