CODEXIS, INC.

CDXS

CODEXIS, INC.

CDXS

Insider Sentiment (TTM):

Last Purchase:2025-08-04Last Sale:2026-06-11Shares Purchased (TTM):0Shares Sold (TTM):1,930,342

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:64,347,719Shares Outstanding:90,768,000Institutional Ownership Pct.:70.89%

Earnings Market Reaction:

Filing Date:2026-08-11Price on Filing Date:N/APrevious Close:N/A% Change:N/A

Companies in Industrial Organic Chemicals

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Assets
Assets Current
Cash And Cash Equivalents At Carrying Value	27	37	51	25	27	18	19	37	19	58	65	75
Restricted Cash	0	0	0	0	1	1	1	1	1	1	1	1
Short Term Investments	28	29	27	33	40	42	54	53	55	28	0	-
Fi Nonecing Receivable Be…
Financing Receivable Befo…
Accounts Receivable Net Current	-	-	-	-	-	-	-	-	-	-	10	-
Accounts Receivable Gross Current	7	7	9	6	12	6	12	10	5	6	10	12
Contract With Customer Asset Gross Current	4	0	0	2	1	2	4	3	3	3	1	2
Unbilled Receivables Current	1	1	1	2	3	3	3	3	4	5	9	6
Notes Receivable Gross	12	8	11	10	17	12	19	17	12	14	20	19
Allowance For Notes And Loans Receivable Current	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Accounts Notes And Loans Receivable Net Current	12	8	11	10	16	12	19	17	12	14	20	19
Inventory Net	2	2	2	2	2	2	2	2	2	2	3	2
Prepaid Expense And Other Assets Current	3	4	6	5	3	4	4	3	3	5	5	5
Assets Held For Sale Not Part Of Disposal Group Cu…	-	-	-	-	-	-	-	-	-	-	-	1
Assets Current	72	80	97	76	89	78	99	113	91	108	93	103
Restricted Cash Noncurrent	-	-	-	-	-	-	-	-	-	-	1	-
Restricted Cash And Cash Equivalents Noncurrent	2	2	2	1	1	1	1	1	1	1	1	1
Equity Securities Without Readily Determinable Fai…	-	-	-	-	-	-	-	-	-	-	10	-
Investments And Other Noncurrent Assets	2	2	2	3	3	3	3	6	10	10	10	18
Operating Lease Right Of Use Asset	29	30	31	27	27	28	29	11	12	12	13	14
Property Plant And Equipment Net	12	13	13	14	15	16	14	13	14	15	15	15
Goodwill	2	2	2	2	2	2	2	2	2	2	2	2
Other Assets Noncurrent	1	1	1	1	1	1	1	2	2	1	1	1
Assets	120	129	148	124	138	129	149	148	132	150	137	154
Liabilities And Stockhold…
Liabilities Current
Accounts Payable Current	3	2	2	2	1	6	3	4	4	3	6	3
Employee Related Liabilities Current	6	5	11	10	7	6	11	10	8	7	11	11
Accrued Liabilities Current	3	3	3	3	3	5	6	7	5	5	5	9
Operating Lease Liability Current	3	3	3	3	3	3	3	4	4	4	4	7
Contract With Customer Liability Current	1	1	7	0	0	0	0	10	10	10	10	9
Liabilities Current	24	15	25	18	15	21	24	35	31	29	36	38
Contract With Customer Liability Noncurrent	0	0	0	0	0	0	0	1	0	1	1	10
Operating Lease Liability Noncurrent	28	29	30	26	27	27	28	9	10	11	12	13
Long Term Debt Noncurrent	34	40	40	40	39	29	29	29	28	28	0	-
Other Liabilities Noncurrent	1	1	1	1	1	1	1	1	1	1	1	1
Liabilities	87	86	97	85	83	79	82	75	71	70	50	63
Stockholders Equity
Preferred Stock Value	0	0	0	0	0	0	0	0	0	0	0	0
Common Stock Value	0	0	0	0	0	0	0	0	0	0	0	0
Additional Paid In Capital	660	659	657	655	652	633	630	626	593	588	584	582
Accumulated Other Comprehensive Income Loss Net Of…	-0	-0	0	0	-0	0	0	0	-0	-0	0	-
Related Party	-	-	-	-	-	-	-	-	-	-	0	0
Retained Earnings Accumulated Deficit	-627	-615	-607	-616	-597	-583	-563	-552	-532	-509	-498	-490
Stockholders Equity	33	43	51	39	56	50	67	73	61	79	87	92
Liabilities And Stockholders Equity	120	129	148	124	138	129	149	148	132	150	137	154
Preferred Stock Par Or Stated Value Per Share	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Shares Authorized	5	5	5	5	5	5	5	5	5	5	5	5
Preferred Stock Shares Issued	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Shares Outstanding	0	0	0	0	0	0	0	0	0	0	0	0
Common Stock Par Or Stated Value Per Share	0	0	0	0	0	0	0	0	0	0	0	0
Common Stock Shares Authorized	200	200	200	200	200	200	200	200	200	200	200	200
Common Stock Shares Issued	91	91	90	90	90	83	82	81	71	71	70	70
Shares Outstanding	91	91	90	90	90	83	82	81	71	71	70	70

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10‑Q10‑K

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10‑Q10‑K

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	7.36%	-7.36%	-42.64%	-	-	-	-	-	-	-	-	-
2025	-4.05%	12.15%	8.91%	-20.66%	-16.72%	-22.30%	-15.20%	-20.10%	-17.65%	43.31%	110.24%	118.11%
2024	-5.09%	-11.98%	6.29%	-8.25%	2.54%	-7.62%	46.82%	68.15%	59.24%	-35.11%	-46.31%	-37.15%
2023	-	-	-	-	-	-	5.18%	61.66%	39.38%	-7.26%	-23.92%	-2.96%
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Performance and Valuation Metrics

Metrics	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Liquidity Ratios
Current Ratio	3.06	5.36	3.82	4.12	5.82	3.72	4.18	3.21	2.99	3.71	2.61	2.68
Quick Ratio	2.85	4.96	3.53	3.73	5.47	3.44	3.93	3.05	2.82	3.45	2.39	2.48
Working Capital	48.41M	64.80M	71.50M	57.72M	73.49M	56.91M	75.12M	77.77M	60.86M	78.87M	57.64M	64.60M
Leverage & Debt
Debt to Equity	2.64	1.99	1.92	2.22	1.49	1.60	1.23	1.02	1.15	0.89	0.58	0.69
Debt Ratio	0.73	0.67	0.66	0.69	0.60	0.61	0.55	0.50	0.53	0.47	0.37	0.41
Efficiency & Turnover
Asset Turnover TTM	0.60	0.60	0.47	0.39	0.42	0.36	0.42	0.43	0.36	0.40	0.36	0.38
Days Sales Outstanding TTM	66.09	45.84	76.67	90.58	92.17	94.49	88.94	100.91	101.91	84.13	109.12	120.59
Receivables Turnover TTM	5.52	7.96	4.76	4.03	3.96	3.86	4.10	3.62	3.58	4.34	3.34	3.03
Per Share Metrics
Diluted EPS TTM	-0.34	-0.35	-0.50	-0.71	-0.76	-0.90	-0.89	-0.86	-1.09	-0.93	-1.12	-1.18
Free Cash Flow Per Share TTM	-0.13	-0.24	-0.27	-0.68	-0.79	-0.73	-0.73	-0.65	-0.71	-0.79	-0.85	-0.60
Dividend Per Share TTM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Margin Metrics
Gross Profit Margin TTM	87.02%	88.90%	86.73%	79.31%	77.61%	71.56%	72.55%	75.96%	77.95%	82.30%	81.74%	75.11%
Operating Profit Margin TTM	-35.61%	-37.51%	-59.30%	-112.67%	-100.15%	-134.73%	-98.61%	-78.97%	-109.05%	-75.83%	-97.04%	-110.34%
Net Profit Margin TTM	-39.55%	-40.96%	-62.47%	-120.82%	-113.67%	-149.47%	-109.99%	-96.35%	-125.41%	-87.73%	-108.69%	-110.41%
Growth Metrics
Net Revenue Growth (1Y)	35.89%	56.76%	18.61%	-17.87%	-6.12%	-32.89%	-15.39%	-12.86%	-38.59%	-36.13%	-49.39%	-44.27%
Net Income Growth (1Y)	-52.72%	-57.04%	-32.63%	2.99%	-14.91%	14.33%	-14.38%	-23.96%	34.59%	36.10%	126.96%	161.89%
EPS Growth (1Y)	-55.66%	-60.99%	-43.25%	-17.80%	-29.87%	-3.09%	-20.54%	-26.66%	29.23%	28.46%	117.67%	146.66%
Valuation Metrics
P/E TTM	-6.70	-4.62	-3.23	-3.44	-3.21	-2.98	-5.36	-3.57	-2.86	-3.74	-2.73	-1.61
P/B TTM	6.24	3.42	2.81	5.71	3.75	4.47	5.23	3.02	3.55	3.08	2.40	1.43
P/S TTM	2.65	1.89	2.02	4.16	3.64	4.45	5.90	3.44	3.58	3.28	2.96	1.78
Market Cap	205.78M	147.95M	142.04M	220.21M	208.35M	221.68M	350.16M	221.86M	218.17M	243.79M	207.80M	131.29M
Enterprise Value	210.39M	149.83M	129.26M	233.04M	219.40M	230.98M	358.23M	211.46M	226.36M	212.27M	141.10M	54.66M
Calculated Values
Free Cash Flow TTM	-12.18M	-22.12M	-23.85M	-61.66M	-67.77M	-59.85M	-53.72M	-46.89M	-49.88M	-54.98M	-57.82M	-41.52M
Net Debt	4.61M	1.88M	-12.78M	12.83M	11.05M	9.30M	8.08M	-10.40M	8.19M	-31.52M	-66.70M	-76.63M
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-06-11Sale

Owner: De, Vre Raymond

Title: -

Shares: 2,605

Price/Share: $2.37

Value: $6,173.85

Shares Owned: 84,811

Relationship: Director

Ownership: Direct

2026-02-24Sale

Owner: Lutz, Stefan

Title: Chief Scientific Officer

Shares: 5,862

Price/Share: $1.13

Value: $6,624.06

Shares Owned: 130,421

Relationship: Officer

Ownership: Direct

2026-02-06Sale

Owner: Lutz, Stefan

Title: Chief Scientific Officer

Shares: 2,492

Price/Share: $1.31

Value: $3,264.52

Shares Owned: 136,283

Relationship: Officer

Ownership: Direct

2026-02-06Sale

Owner: Erbez, Georgia

Title: See Remarks

Shares: 3,826

Price/Share: $1.31

Value: $5,012.06

Shares Owned: 66,810

Relationship: Officer

Ownership: Direct

2026-02-06Sale

Owner: Moore, Alison

Title: President and CEO

Shares: 3,826

Price/Share: $1.31

Value: $5,012.06

Shares Owned: 250,506

Relationship: Director,Officer

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2026-06-11	De, Vre Raymond	Director	-	Direct	Sale	2,605	2.37	$6,173.85	84,811	4
2026-02-24	Lutz, Stefan	Officer	Chief Scientific Officer	Direct	Sale	5,862	1.13	$6,624.06	130,421	4
2026-02-06	Lutz, Stefan	Officer	Chief Scientific Officer	Direct	Sale	2,492	1.31	$3,264.52	136,283	4
2026-02-06	Erbez, Georgia	Officer	See Remarks	Direct	Sale	3,826	1.31	$5,012.06	66,810	4
2026-02-06	Moore, Alison	Director,Officer	President and CEO	Direct	Sale	3,826	1.31	$5,012.06	250,506	4
2026-01-07	Lutz, Stefan	Officer	CSO	Direct	Sale	4,685	1.70	$7,964.50	138,775	4
2025-12-01	Opaleye, Management Inc.	TenPercentOwner	-	Indirect	Sale	253,533	1.67	$423,400.11	179,989	4/A
2025-11-21	Wolf, Dennis P	Director	-	Direct	Sale	8,952	1.56	$13,965.12	138,951	4
2025-11-12	Opaleye, Management Inc.	TenPercentOwner	-	Indirect	Sale	1,082,459	1.95	$2,110,795.05	196,012	4
2025-11-11	Opaleye, Management Inc.	TenPercentOwner	-	Indirect	Sale	548,211	1.80	$986,779.80	223,461	4/A
2025-11-11	De, Vre Raymond	Director	-	Direct	Sale	1,413	1.74	$2,458.62	87,416	4
2025-10-13	Moore, Alison	Officer	Chief Technical Officer	Direct	Sale	6,239	2.51	$15,659.89	169,332	4
2025-10-13	Erbez, Georgia	Officer	Chief Financial Officer	Direct	Sale	6,239	2.51	$15,659.89	70,636	4
2025-08-04	Opaleye, Management Inc.	TenPercentOwner	-	Indirect	Purchase	780	2.84	$2,215.20	12,545,000	4
2025-07-30	Opaleye, Management Inc.	TenPercentOwner	-	Indirect	Purchase	1,578	2.80	$4,418.40	12,460,000	4
2025-07-18	Opaleye, Management Inc.	TenPercentOwner	-	Indirect	Purchase	100,000	2.82	$282,000.00	12,450,000	4
2025-06-27	Opaleye, Management Inc.	TenPercentOwner	-	Indirect	Purchase	100,000	2.39	$239,000.00	12,350,000	4
2025-06-16	Opaleye, Management Inc.	TenPercentOwner	-	Indirect	Purchase	50,898	2.24	$114,011.52	12,250,000	4
2025-05-28	Opaleye, Management Inc.	TenPercentOwner	-	Indirect	Purchase	5,000	2.36	$11,800.00	12,000,000	4
2025-05-01	Opaleye, Management Inc.	TenPercentOwner	-	Indirect	Purchase	20,000	2.32	$46,400.00	9,675,000	4
2025-04-25	Opaleye, Management Inc.	TenPercentOwner	-	Indirect	Purchase	25,000	2.24	$56,000.00	9,630,000	4
2025-04-17	Opaleye, Management Inc.	TenPercentOwner	-	Indirect	Purchase	45,000	2.09	$94,050.00	9,605,000	4
2025-04-08	Opaleye, Management Inc.	TenPercentOwner	-	Indirect	Purchase	100,000	1.98	$198,000.00	9,465,000	4
2025-04-03	Opaleye, Management Inc.	TenPercentOwner	-	Indirect	Purchase	75,000	2.30	$172,500.00	9,365,000	4
2025-03-21	Opaleye, Management Inc.	TenPercentOwner	-	Indirect	Purchase	92,923	2.54	$236,024.42	9,250,000	4
2025-03-13	Opaleye, Management Inc.	TenPercentOwner	-	Indirect	Purchase	85,000	2.54	$215,900.00	9,150,000	4
2025-03-06	Opaleye, Management Inc.	TenPercentOwner	-	Indirect	Purchase	100,000	2.61	$261,000.00	9,065,000	4
2025-03-05	Opaleye, Management Inc.	TenPercentOwner	-	Indirect	Purchase	10,000	2.69	$26,900.00	8,965,000	4
2025-03-03	Opaleye, Management Inc.	TenPercentOwner	-	Indirect	Purchase	47,351	2.81	$133,056.31	8,900,000	4
2025-02-12	Opaleye, Management Inc.	TenPercentOwner	-	Indirect	Purchase	15,000	4.00	$60,000.00	8,705,000	4
2025-01-31	Opaleye, Management Inc.	TenPercentOwner	-	Indirect	Purchase	45,000	4.29	$193,050.00	8,655,000	4
2024-12-31	Opaleye, Management Inc.	TenPercentOwner	-	Indirect	Purchase	10,000	4.66	$46,600.00	8,590,000	4
2024-10-25	Opaleye, Management Inc.	TenPercentOwner	-	Indirect	Purchase	25,000	2.91	$72,750.00	8,545,000	4
2024-09-25	Opaleye, Management Inc.	TenPercentOwner	-	Indirect	Purchase	5,000	2.86	$14,300.00	8,520,000	4
2024-09-23	Opaleye, Management Inc.	TenPercentOwner	-	Indirect	Purchase	45,000	2.94	$132,300.00	8,435,000	4
2024-09-18	Opaleye, Management Inc.	TenPercentOwner	-	Indirect	Purchase	61,000	3.16	$192,760.00	7,380,000	4
2023-11-15	Dorgan, Byron L	Director	-	Direct	Sale	20,000	2.11	$42,200.00	193,461	4
2023-09-11	Norrett, Kevin	Officer	Chief Operating Officer	Direct	Purchase	9,000	1.72	$15,480.00	98,102	4
2023-09-08	Dilly, Stephen George	Director,Officer	See Remarks	Direct	Purchase	58,479	1.73	$101,168.67	438,878	4
2023-09-08	Fitzgerald, Margaret Nell	Officer	See Remarks	Direct	Purchase	11,834	1.70	$20,117.80	81,420	4
2023-09-08	Ryali, Sriram	Officer	Chief Financial Officer	Direct	Purchase	11,650	1.70	$19,805.00	123,441	4
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Institutional Ownership

No data available for chart

2026-03-31

70.89%

Inst. Shares: 64,347,719

Shares Outstanding: 90,768,000

2025-12-31

73.40%

Inst. Shares: 63,958,574

Shares Outstanding: 87,142,000

2025-09-30

72.28%

Inst. Shares: 65,235,466

Shares Outstanding: 90,251,000

2025-06-30

82.78%

Inst. Shares: 70,680,950

Shares Outstanding: 85,389,000

2025-03-31

77.99%

Inst. Shares: 64,274,512

Shares Outstanding: 82,410,000

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	64,347,719	90,768,000	70.89%
2025-12-31	63,958,574	87,142,000	73.40%
2025-09-30	65,235,466	90,251,000	72.28%
2025-06-30	70,680,950	85,389,000	82.78%
2025-03-31	64,274,512	82,410,000	77.99%
2024-12-31	63,123,359	73,408,000	85.99%
2024-09-30	61,622,745	72,032,000	85.55%
2024-06-30	51,161,183	70,376,000	72.70%
2024-03-31	51,771,510	69,854,000	74.11%
2023-12-31	52,779,017	68,131,000	77.47%
2023-09-30	52,514,830	69,466,000	75.60%
2023-06-30	58,727,316	67,573,000	86.91%
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CODEXIS, INC. (CDXS) — SEC Financial Statements & Analysis

CODEXIS, INC. (CDXS) is a industrial organic chemicals company, incorporated in DE. CODEXIS, INC. trades on Nasdaq as: CDXS. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), CODEXIS, INC. reported a 35.89% year-over-year revenue growth, a Gross Profit Margin of 87.02% (TTM), a Debt-to-Equity ratio of 2.64x, a Price-to-Sales (P/S) ratio of 2.65x (TTM), a Price-to-Book (P/B) ratio of 6.24 (TTM), at a market cap of $205.78M. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y: 35.89%
Gross Profit Margin TTM: 87.02%
Debt To Equity: 2.64x
P/S TTM: 2.65x
P/B TTM: 6.24
Market Cap: $205.78M

Data as of 2026-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is CODEXIS, INC. in?

CODEXIS, INC. (CDXS) operates in the Industrial Organic Chemicals industry.

What is CDXS's market cap?

CODEXIS, INC. (CDXS) has a market capitalization of $205.78M as of 2026-06-30.

What exchange does CDXS trade on?

CODEXIS, INC. (CDXS) trades on the Nasdaq.

Where is CODEXIS, INC. incorporated?

CODEXIS, INC. is incorporated in DE.

CODEXIS, INC. (CDXS) — SEC Financial Statements & Analysis

Frequently Asked Questions

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