Friday 16 October 2026 Export CDXS’s income statement to Excel — free account

Codexis, Inc.

Codexis, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $70.4 million, up 18.6% from fiscal 2024. In the quarter to June 2026, revenue fell 2.69%, EPS grew 18.8%, free cash flow grew 48.6% and total debt fell 14.1%, each against the same quarter a year earlier.

1.25 0.11 −8.09%

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Market cap: $148.9M
P/E: 0.0×
Fwd P/E: −6.6×
Dividend yield: —
F-score: 4/9
Altman Z: −4.75
Beneish M: −3.57
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
P/E ratio Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Piotroski F-Score Full definition →	3	2	4	2	3	3	4	3	3	4
P/S ratio Full definition →	3.74	7.53	14.39	13.20	18.76	19.27	2.20	3.03	5.90	2.02
Altman Z-Score Full definition →	(3.62)	(0.29)	17.98	10.21	13.59	13.32	0.01	(3.23)	(3.02)	(4.75)
P/FCF ratio Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	101.52	0.00	0.00	0.00
Altman Z″-Score (non-manufacturers) Full definition →	(24.38)	(18.69)	(7.83)	(1.16)	2.07	(0.22)	(2.00)	(10.64)	(10.79)	(11.56)
Beneish M-Score Full definition →	(3.52)	(2.86)	(2.07)	(1.64)	(2.44)	(1.91)	(3.12)	(4.02)	(3.19)	(3.57)
P/Operating CF Full definition →	35.41	49.40	(1,210.87)	(246.88)	(868.52)	3,059.15	62.06	(19.26)	(21.26)	7.07
P/B ratio Full definition →	9.57	15.35	15.48	8.57	7.62	12.28	2.11	2.45	5.23	2.81
Price to Tangible BV Full definition →	11.53	17.68	16.43	8.84	7.77	12.53	2.16	2.53	5.43	2.96
EV/Sales Full definition →	3.37	6.92	13.51	12.24	16.91	18.57	1.65	2.28	5.14	1.47
EV/EBITDA Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EV/Operating CF Full definition →	(88.43)	(39.55)	(58.10)	(66.69)	(70.91)	(136.34)	20.29	(3.04)	(6.17)	(5.34)
EV/FCF Full definition →	(60.78)	(35.56)	(48.57)	(51.43)	(57.76)	(69.33)	76.16	(2.84)	(5.69)	(4.34)
Quick Ratio Full definition →	2.03	1.72	3.67	7.17	7.03	4.51	3.12	2.37	3.74	3.51
Current Ratio Full definition →	2.20	1.81	3.77	7.42	7.38	4.85	3.32	2.61	4.18	3.82
Net Debt/EBITDA Full definition →	4.57	1.39	5.22	8.28	6.63	4.41	3.09	1.13	0.87	1.11
Debt/Assets Full definition →	2.48%	1.42%	0.12%	16.74%	10.07%	17.68%	15.29%	0.00%	19.40%	27.14%
Debt/Equity Full definition →	0.05	0.03	0.00	0.24	0.13	0.27	0.26	0.00	0.43	0.79
Asset Turnover Full definition →	1.22	1.12	0.91	0.60	0.37	0.45	0.56	0.36	0.42	0.47
Operating CF/Net income Full definition →	0.22	0.38	1.30	1.05	0.69	0.67	(0.34)	0.69	0.76	0.44
Capex/Depreciation Full definition →	(0.19)	(0.94)	(2.41)	(0.82)	(0.82)	(2.32)	(0.81)	(0.37)	(0.62)	(0.63)
Interest Coverage Full definition →	(142.73)	(156.26)	(16.83)	(9.75)	(59.06)	(49.45)	281.30	(5.55)	(5.63)	(8.67)
ROE Full definition →	(40.77%)	(105.38%)	(26.91%)	(14.75%)	(17.42%)	(12.72%)	(21.73%)	(65.89%)	(85.03%)	(74.88%)
ROA Full definition →	(21.32%)	(51.52%)	(16.37%)	(10.45%)	(12.95%)	(9.09%)	(13.52%)	(39.41%)	(45.72%)	(29.63%)
ROIC Full definition →	(719.42%)	0.00%	(209.91%)	(19.95%)	(35.88%)	(15.66%)	(31.79%)	(202.78%)	(167.23%)	(218.36%)
Return on Tangible Assets Full definition →	(50.30%)	(100.41%)	(19.83%)	(11.36%)	(14.20%)	(14.20%)	(24.62%)	(104.26%)	(73.08%)	(52.03%)
Average Days of Receivables Full definition →	44.28	86.10	81.12	101.99	130.88	115.31	102.07	99.46	89.24	52.86
Research and Development Expense of Revenue Full definition →	45.52%	59.29%	49.47%	49.48%	63.98%	53.38%	57.80%	83.95%	77.96%	74.31%
Selling, General and Administrative Expense of Revenue Full definition →	52.05%	57.99%	48.34%	46.02%	50.75%	47.08%	37.64%	75.92%	92.93%	66.88%
Intangible Assets out of Total Assets Full definition →	0.09	0.06	0.04	0.02	0.01	0.01	0.01	0.02	0.02	0.02
Share Based Compensation of Revenue Full definition →	11.62%	14.18%	13.02%	10.14%	11.19%	11.07%	10.48%	14.22%	22.05%	13.67%
Graham Net Nets Full definition →	0.06	0.04	0.05	0.08	0.10	0.04	0.19	0.20	0.05	0.00
Graham Number Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Earnings Yield Full definition →	(4.44%)	(6.13%)	(1.32%)	(1.34%)	(1.83%)	(1.09%)	(10.92%)	(35.58%)	(18.87%)	(31.90%)
Free Cash Flow Yield Full definition →	(1.48%)	(2.58%)	(1.93%)	(1.80%)	(1.56%)	(1.39%)	0.99%	(26.49%)	(15.32%)	(16.79%)
Revenue per Share Full definition →	1.20	1.08	1.16	1.21	1.16	1.62	2.12	1.03	0.81	0.81
Operating CF per Share Full definition →	(0.05)	(0.19)	(0.27)	(0.22)	(0.28)	(0.22)	0.17	(0.77)	(0.67)	(0.22)
Capex per Share Full definition →	(0.02)	(0.02)	(0.05)	(0.07)	(0.06)	(0.21)	(0.13)	(0.05)	(0.06)	(0.05)
Free Cash Flow per Share Full definition →	(0.07)	(0.21)	(0.32)	(0.29)	(0.34)	(0.43)	0.05	(0.83)	(0.73)	(0.27)
Cash per Share Full definition →	0.47	0.68	1.02	1.61	2.54	1.82	1.75	0.96	1.01	0.90
Shareholders Equity per Share Full definition →	0.47	0.53	1.08	1.87	2.87	2.55	2.22	1.27	0.91	0.58
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	0.47	0.53	1.08	1.87	2.87	2.55	2.22	1.27	0.91	0.58
Free Cash Flow Full definition →	(2.71)	(9.74)	(16.86)	(16.29)	(20.21)	(28.06)	3.01	(56.30)	(53.63)	(23.84)
Working Capital Full definition →	14.86	20.09	50.09	98.82	159.44	128.52	113.83	57.64	75.12	71.50
Capital Expenditures Full definition →	(0.85)	(0.98)	(2.77)	(3.73)	(3.75)	(13.79)	(8.28)	(3.67)	(4.22)	(4.47)
Net Current Asset Value Full definition →	10.68	15.96	45.22	70.65	132.88	79.90	57.30	43.52	16.69	(0.45)
EV/EBIT Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capex to Sales Full definition →	0.02	0.02	0.05	0.05	0.05	0.13	0.06	0.05	0.07	0.06
Price to Operating Income Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other line items
Depreciation/Fixed assets Full definition →	2.11	0.37	0.24	0.73	0.47	0.28	0.45	0.64	0.48	0.54
Cash ROIC Full definition →	(6.90%)	(17.23%)	(15.41%)	(7.35%)	(5.89%)	(8.62%)	1.01%	(36.98%)	(31.58%)	(14.08%)
Accounts Receivable Turnover Full definition →	7.37	5.64	4.80	4.20	3.15	3.62	3.86	2.42	3.53	5.70
Accounts Payable Turnover Full definition →	2.56	3.68	3.83	5.51	4.92	7.45	12.19	2.79	3.71	4.25
Inventory Turnover Full definition →	10.74	15.40	15.53	32.57	20.59	20.91	23.85	5.43	7.26	5.16
Average Days of Payables Full definition →	158.38	90.31	88.21	61.20	78.89	49.22	31.15	169.46	63.60	60.74
Days of Inventory on Hand Full definition →	30.88	26.39	17.04	8.66	25.60	19.06	19.47	76.51	40.31	71.02
Average Receivables Full definition →	6.63	8.86	12.63	16.30	21.95	28.93	35.93	28.94	16.81	12.35
Average Payables Full definition →	3.82	3.89	3.30	2.84	2.80	2.98	3.12	4.60	4.39	2.20
Average Inventory Full definition →	0.91	0.93	0.81	0.48	0.67	1.06	1.59	2.36	2.24	1.81
Average Assets Full definition →	40.15	44.64	66.45	114.18	185.36	234.01	248.39	193.48	142.79	148.40
Average Common Equity Full definition →	20.99	21.82	40.43	80.91	137.81	167.25	154.59	115.71	76.77	58.73

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