CODEXIS, INC.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $70.4M | $59.3M | $70.1M | $138.6M | $104.8M |
| Cost of revenue | $9.3M | $16.3M | $12.8M | $38.0M | $22.2M |
| Selling, general & administrative | $47.1M | $55.1M | $53.2M | $52.2M | $49.3M |
| Research and development | $52.3M | $46.3M | $58.9M | $80.1M | $55.9M |
| Operating income | -$41.7M | -$58.5M | -$68.1M | -$34.9M | -$22.7M |
| Pretax income | -$43.9M | -$65.2M | -$76.2M | -$33.3M | -$21.1M |
| Income tax expense | $47,000 | $34,000 | $69,000 | $276,000 | $189,000 |
| Net income | -$44.0M | -$65.3M | -$76.2M | -$33.6M | -$21.3M |
| Balance Sheet | |||||
| Cash and equivalents | $50.8M | $19.3M | $65.1M | $114.0M | $116.8M |
| Current assets | $96.8M | $98.8M | $93.5M | $162.9M | $161.9M |
| Total assets | $147.8M | $149.0M | $136.6M | $250.4M | $246.4M |
| Current liabilities | $25.3M | $23.6M | $35.8M | $49.1M | $33.4M |
| Total liabilities | $97.3M | $82.1M | $49.9M | $105.6M | $82.0M |
| Total debt | $42.2M | $31.8M | — | — | — |
| Stockholders' equity | $50.5M | $66.9M | $86.6M | $144.8M | $164.4M |
| Cash Flow Statement | |||||
| Cash from operations | -$19.4M | -$49.4M | -$52.6M | $11.3M | -$14.3M |
| Depreciation and amortization | $5.2M | $4.9M | $5.5M | $5.4M | $3.1M |
| Stock-based compensation | $9.6M | $13.1M | $10.0M | $14.5M | $11.6M |
| Capital expenditure | $4.5M | $4.3M | $4.4M | $8.3M | $13.8M |
| Free cash flow | -$23.8M | -$53.7M | -$57.1M | $3.0M | -$28.1M |
| Impairments | $0 | $165,000 | $10.0M | $0 | $0 |
Shares outstanding 90.9M · Free float 74.6%
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.