15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $70M | -$44M | 86.7% | -59.3% | -$24M | $40M | $51M |
| 2024 | $59M | -$65M | 72.6% | -98.6% | -$54M | $29M | $19M |
| 2023 | $70M | -$76M | 81.7% | -97.0% | -$57M | $0 | $65M |
| 2022 | $139M | -$34M | 72.6% | -25.2% | $3M | — | $114M |
| 2021 | $105M | -$21M | 78.8% | -21.7% | -$28M | — | $117M |
| 2020 | $69M | -$24M | 80.1% | -34.6% | -$20M | — | $149M |
| 2019 | $68M | -$12M | 77.2% | -18.3% | -$16M | — | $90M |
| 2018 | $61M | -$11M | 79.2% | -18.6% | -$17M | — | $53M |
| 2017 | $50M | -$23M | 71.4% | -45.9% | -$10M | $302000 | $31M |
| 2016 | $49M | -$9M | 80.0% | -17.5% | -$3M | $0 | $19M |
| 2015 | — | -$8M | — | — | -$2M | — | $23M |
| 2014 | — | -$19M | — | — | $19000 | — | $26M |
| 2013 | — | -$41M | — | — | -$24M | — | $22M |
| 2012 | — | -$31M | — | — | -$15M | — | $32M |
| 2011 | — | -$17M | — | — | -$11M | — | $26M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $15M | -$9M | 86.5% | -52.7% | -$13M | $40M | $37M |
| Dec '25 | $39M | $10M | 94.8% | 27.1% | $20M | $40M | $51M |
| Sep '25 | $9M | -$20M | 71.3% | -220.3% | -$8M | $40M | $25M |
| Jun '25 | $15M | -$13M | 86.3% | -83.9% | -$20M | $39M | $27M |
| Mar '25 | $8M | -$21M | 63.8% | -271.6% | -$15M | $29M | $18M |
| Dec '24 | $21M | -$10M | 83.0% | -34.2% | -$18M | $29M | $19M |
| Sep '24 | $13M | -$21M | 66.4% | -129.0% | -$14M | $29M | $37M |
| Jun '24 | $8M | -$23M | 56.6% | -284.9% | -$13M | $28M | $19M |
| Mar '24 | $17M | -$12M | 71.6% | -69.6% | -$9M | $28M | $58M |
| Dec '23 | $27M | -$7M | 89.2% | 1.1% | -$11M | $0 | $65M |
| Sep '23 | $9M | -$35M | 75.8% | -345.6% | -$17M | — | $75M |
| Jun '23 | $21M | -$12M | 85.1% | -59.2% | -$18M | — | $92M |
| Mar '23 | $13M | -$23M | 65.2% | -182.3% | -$12M | — | $103M |
| Dec '22 | $30M | -$13M | 72.2% | -43.6% | $5M | — | $114M |
| Sep '22 | $34M | -$10M | 71.6% | -30.9% | $18M | — | $109M |
| Jun '22 | $38M | -$3M | 70.7% | -6.8% | -$4M | — | $90M |
| Mar '22 | $35M | -$8M | 75.9% | -23.7% | -$16M | — | $94M |
| Dec '21 | $25M | -$10M | 72.2% | -42.4% | -$5M | — | $117M |
| Sep '21 | $37M | $2M | 81.3% | 3.6% | -$4M | — | $119M |
| Jun '21 | $25M | -$4M | 83.0% | -17.6% | -$10M | — | $130M |
How the market has priced CDXS against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, CODEXIS, INC.'s revenue has grown 0.4% per year. These are computed facts, not advice.
As of FY2025, CODEXIS, INC. reported $40M of total debt against $51M of cash.
In FY2025, gross margin was 86.7%, operating margin -59.3%, and net margin -62.5%.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.