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%

Follow CDXS

Alert me

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

Fold the line items

Columns are period end dates

Stockrow Weekly