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Saturday 7 November 2026
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Co-Diagnostics, Inc.
CODX Healthcare Medical Devices
Co-Diagnostics, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $622,500.00, down 84.1% from fiscal 2024.
- Revenue
- +1.96%
- EPS
- +78.9%
- Free cash flow
- +17.5%
Quarter to June 2026, against a year earlier
0.25
0.02
−7.41%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
2 | 3 | 3 | 4 | 5 | 7 | 4 | — | — | — |
P/E ratio |
0.00 | 0.00 | 0.00 | 0.00 | 6.97 | 6.50 | 0.00 | 0.00 | 0.00 | — |
P/S ratio |
10.83 | 5.81 | 6.11 | 2.33 | 2.63 | 3.33 | 69.69 | 465.82 | 0.00 | — |
Altman Z-Score |
(9.74) | (0.88) | 1.88 | 6.43 | 8.85 | 37.20 | (4.98) | (26.56) | 15.39 | — |
Altman Z″-Score (non-manufacturers) |
(16.26) | 2.46 | 10.73 | 18.36 | 12.76 | 26.03 | (47.09) | (71.62) | (4.90) | — |
P/FCF ratio |
0.00 | 0.00 | 0.00 | 15.48 | 6.37 | 9.06 | 0.00 | 0.00 | 0.00 | — |
P/Operating CF |
(1.09) | (2.76) | (8.71) | (19.84) | 52.80 | 12.44 | (9.29) | (19.35) | (30.45) | — |
Beneish M-Score |
2.24 | (4.28) | (4.44) | (4.29) | 0.39 | 306.15 | 1.48 | — | — | — |
P/B ratio |
0.33 | 0.42 | 0.48 | 0.69 | 1.92 | 3.72 | 8.62 | 0.00 | 7.85 | — |
Price to Tangible BV |
0.50 | 0.82 | 0.70 | 0.91 | 2.78 | 3.72 | 8.62 | 0.00 | 7.85 | — |
EV/Sales |
(8.26) | (1.79) | (2.48) | (0.05) | 1.71 | 2.70 | 65.53 | 442.01 | 0.00 | — |
EV/EBITDA |
0.10 | 0.18 | 0.41 | 0.16 | 3.61 | 4.80 | 0.00 | 0.00 | 0.00 | — |
EV/Operating CF |
0.18 | 0.24 | 0.77 | (0.26) | 4.08 | 7.13 | (2.55) | (4.32) | (8.31) | — |
EV/FCF |
0.17 | 0.23 | 0.72 | (0.33) | 4.15 | 7.34 | (2.48) | (4.28) | (7.99) | — |
Quick Ratio |
3.42 | 4.08 | 10.24 | 22.35 | 8.79 | 14.63 | 3.12 | 0.41 | 5.63 | 0.26 |
Current Ratio |
3.87 | 4.41 | 10.81 | 23.94 | 9.14 | 16.69 | 4.83 | 0.45 | 7.09 | 0.31 |
Net Debt/EBITDA |
0.24 | 0.77 | 1.41 | 7.88 | (1.94) | (1.13) | 0.15 | 0.16 | 0.78 | 0.34 |
Debt/Assets |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 34.34% |
Debt/Equity |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | (0.15) |
Asset Turnover |
0.01 | 0.05 | 0.06 | 0.24 | 0.85 | 2.03 | 0.11 | 0.01 | 0.00 | 0.00 |
Operating CF/Net income |
0.62 | 0.77 | 0.63 | (0.46) | 1.12 | 0.66 | 0.89 | 0.65 | 0.46 | 0.68 |
Capex/Depreciation |
(0.63) | (0.54) | (1.11) | (0.09) | (2.00) | (5.59) | (1.72) | (0.81) | (2.82) | (0.33) |
Interest Coverage |
— | — | — | (38.32) | 1,010.20 | 428.95 | (55.39) | (45.35) | (14.71) | (7.01) |
| (125.89%) | (53.81%) | (35.24%) | (11.44%) | 36.45% | 124.14% | (1,826.53%) | (449.31%) | (1,626.17%) | (450.68%) | |
| (106.21%) | (47.38%) | (32.36%) | (10.06%) | 31.70% | 115.66% | (328.81%) | (201.81%) | (233.60%) | (64.74%) | |
ROIC |
(358.57%) | (103.83%) | (97.18%) | (50.70%) | 64.53% | 134.43% | (436.34%) | 0.00% | (902.71%) | 0.00% |
Return on Tangible Assets |
(377.40%) | (135.70%) | (59.45%) | (15.58%) | 35.10% | 65.65% | (426.40%) | 548.23% | (174.45%) | 75.65% |
Average Days of Receivables |
137.73 | 12.36 | 17.73 | 56.79 | 77.71 | 59.42 | 223.07 | 122.58 | 0.00 | 0.00 |
Research and Development Expense of Revenue |
3,074.25% | 535.85% | 337.09% | 50.96% | 15.29% | 4.27% | 637.86% | 3,411.53% | 13,028.57% | 0.00% |
Selling, General and Administrative Expense of Revenue |
1,837.65% | 527.19% | 310.34% | 63.15% | 25.49% | 17.36% | 2,120.42% | 11,870.68% | 45,746.75% | 0.00% |
Intangible Assets out of Total Assets |
0.29 | 0.41 | 0.28 | 0.22 | 0.26 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
382.83% | 138.82% | 122.39% | 22.04% | 5.63% | 3.67% | 506.23% | 3,339.35% | 26,415.58% | 0.00% |
Graham Net Nets |
1.42 | 0.99 | 1.27 | 1.06 | 0.35 | 0.25 | 0.07 | (0.08) | 0.12 | — |
Graham Number |
0.00 | 0.00 | 0.00 | 0.00 | 347.79 | 269.12 | 0.00 | 29.40 | 0.00 | — |
Earnings Yield |
(642.25%) | (165.50%) | (85.30%) | (18.20%) | 14.35% | 15.39% | (41.38%) | (33.75%) | (23.03%) | — |
Free Cash Flow Yield |
(442.41%) | (131.43%) | (56.32%) | 6.46% | 15.69% | 11.03% | (37.89%) | (22.17%) | (11.05%) | — |
Revenue per Share |
0.47 | 3.87 | 6.97 | 32.64 | 101.81 | 83.79 | 0.39 | 0.10 | 0.02 | 0.00 |
Operating CF per Share |
(21.90) | (28.83) | (22.60) | 6.27 | 42.73 | 31.65 | (9.90) | (9.81) | (8.80) | (3.99) |
Capex per Share |
(0.53) | (0.74) | (1.40) | (1.36) | (0.70) | (0.87) | (0.20) | (0.10) | (0.35) | (0.04) |
Free Cash Flow per Share |
(22.43) | (29.57) | (23.99) | 4.90 | 42.03 | 30.78 | (10.10) | (9.91) | (9.15) | (4.02) |
Cash per Share |
8.93 | 29.42 | 59.91 | 77.52 | 93.46 | 53.17 | 1.60 | 2.29 | 9.68 | 3.03 |
Shareholders Equity per Share |
15.51 | 53.28 | 88.02 | 109.24 | 139.86 | 74.96 | 3.11 | (2.55) | 10.55 | (9.10) |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
15.51 | 53.28 | 88.02 | 109.24 | 139.86 | 74.96 | 3.11 | (2.55) | 10.55 | (9.10) |
Free Cash Flow |
(29.84) | (29.90) | (23.45) | 5.14 | 40.41 | 27.39 | (5.64) | (4.12) | (3.34) | (1.32) |
Working Capital |
10.15 | 24.98 | 56.39 | 88.86 | 102.52 | 63.75 | 1.26 | (1.30) | 3.82 | (2.64) |
Capital Expenditures |
(0.70) | (0.75) | (1.37) | (1.43) | (0.67) | (0.77) | (0.11) | (0.04) | (0.13) | (0.01) |
Net Current Asset Value |
9.58 | 22.60 | 52.83 | 84.17 | 89.56 | 63.27 | 1.11 | (1.56) | 3.64 | (3.08) |
EV/EBIT |
0.10 | 0.17 | 0.40 | 0.06 | 3.64 | 4.82 | 0.00 | 0.00 | 0.00 | — |
Capex to Sales |
1.12 | 0.19 | 0.20 | 0.04 | 0.01 | 0.01 | 0.53 | 1.04 | 16.79 | 0.00 |
Price to Operating Income |
0.00 | 0.00 | 0.00 | 0.00 | 5.59 | 5.95 | 0.00 | 0.00 | 0.00 | — |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.49 | 0.50 | 0.41 | 6.56 | 0.17 | 0.15 | 0.33 | 0.33 | 0.28 | 0.43 |
Cash ROIC |
(91.77%) | (35.76%) | (16.22%) | 2.63% | 18.01% | 24.03% | (214.35%) | 3,794.94% | (45.24%) | 85.40% |
Accounts Receivable Turnover |
3.39 | 16.89 | 2.41 | 2.62 | 5.94 | 12.15 | 2.97 | 4.81 | 0.00 | 0.00 |
Accounts Payable Turnover |
0.09 | 0.42 | 3.44 | 7.03 | 19.20 | 54.91 | 1.45 | 0.10 | 0.00 | 0.51 |
Inventory Turnover |
0.22 | 0.73 | 1.20 | 1.50 | 2.32 | 4.05 | 1.04 | 0.69 | 0.02 | 0.00 |
Average Days of Payables |
3,082.48 | 1,203.50 | 129.27 | 63.42 | 19.16 | 13.16 | 19.48 | 5,785.64 | 49,640.00 | 1,021.03 |
Days of Inventory on Hand |
1,628.71 | 391.89 | 145.19 | 353.64 | 63.20 | 175.89 | 640.37 | 706.70 | 11,071.67 | 0.00 |
Average Receivables |
0.18 | 0.23 | 2.83 | 13.08 | 16.49 | 6.13 | 0.07 | 0.01 | — | 0.01 |
Average Payables |
2.59 | 2.39 | 1.22 | 0.78 | 0.60 | 0.30 | 0.08 | 0.09 | 0.07 | 0.07 |
Average Inventory |
1.03 | 1.37 | 3.49 | 3.66 | 5.00 | 4.10 | 0.11 | 0.01 | 0.01 | — |
Average Assets |
44.15 | 79.44 | 109.20 | 141.56 | 115.64 | 36.73 | 1.88 | 3.11 | 2.98 | 2.98 |
Average Common Equity |
37.25 | 69.94 | 100.27 | 124.50 | 100.59 | 34.22 | 0.34 | 1.40 | 0.43 | 0.43 |
Columns are period end dates · fundamentals updated 25 Oct 2026