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CDXS CODEXIS, INC.

Trailing twelve months to 2026-06-30 · as filed 2026-08-11, not restated
Materials

Scale

Market cap
$177m
Revenue TTM
$78m
Net income TTM
$-31m
Free cash flow
$-12m
Composite score
40.4
Sector rank
#2921

Valuation

P / E
EV / EBITDA
EV / sales
2.0
FCF yield
-6.89%
Earnings yield vs 10-yr
-22.09pp

Earnings yield vs 10-yr compares what the business earns per pound invested against the 4.73% a 10-year US Treasury note pays for no equity risk. Negative means you are paying up front for growth not yet delivered.

Quality and growth

Net margin
-39.5%
EBITDA margin
-28.9%
ROE
-93.2%
ROIC
-233.3%
Revenue growth
35.9%

Insider activity, last 90 days

Net open-market
$-0.01m
Buyers
0
Sellers
1

Open-market purchases and sales only. Grants, option exercises, gifts and shares withheld for tax are excluded: they are how people are paid, not what they think.

What management said

Considering these industry practices and our experience, we do not believe the total of customer purchase orders outstanding (backlog) provides meaningful information that can be relied on to predict actual sales for future periods. Total revenues decreased by $0.4 million to $14.9 million in the three months ended June 30, 2026 compared to the same period in 2025, primarily due to lower research and development revenue partially offset by higher product revenue in the current period. Total revenues increased by $7.3 million to $30.2 million in the six months ended June 30, 2026 compared to the same period in 2025, primarily due to higher product revenue. …CODEXIS, INC., 10-Q, period ended 2026-06-30, filed 2026-08-11

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