Codexis, Inc. (CDXS) stock
CDXSNasdaqIndustrial Organic ChemicalsFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 12, 2026Score 5/3018% below fair value
$1.16+0.20 (+21.07%)
Close on Nov 13, 2026Market cap $127.03MP/E –Yield –
Codexis gross margin
Gross margin is gross profit as a percentage of revenue.
Codexis's gross margin for the twelve months ending Sep 30, 2026 was 86.8%. For fiscal 2025 it was 86.7%, against 72.6% the year before. The highest annual figure on record is 86.7% in fiscal 2025.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 86.7% | +14.2 |
| FY2024 | Dec 31, 2024 | 72.6% | −9.2 |
| FY2023 | Dec 31, 2023 | 81.7% | +9.2 |
| FY2022 | Dec 31, 2022 | 72.6% | −6.2 |
| FY2021 | Dec 31, 2021 | 78.8% | −1.3 |
| FY2020 | Dec 31, 2020 | 80.1% | +2.9 |
| FY2019 | Dec 31, 2019 | 77.2% | −2.0 |
| FY2018 | Dec 31, 2018 | 79.2% | +7.8 |
| FY2017 | Dec 31, 2017 | 71.4% | −8.7 |
| FY2016 | Dec 31, 2016 | 80.0% | −4.2 |
| FY2015 | Dec 31, 2015 | 84.2% | +11.8 |
| FY2014 | Dec 31, 2014 | 72.5% | +18.0 |
| FY2013 | Dec 31, 2013 | 54.4% | −10.9 |
| FY2012 | Dec 31, 2012 | 65.3% | −1.0 |
| FY2011 | Dec 31, 2011 | 66.3% | −7.6 |
| FY2010 | Dec 31, 2010 | 73.9% | −6.0 |
| FY2009 | Dec 31, 2009 | 79.9% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 79.2% | +7.8 |
| Q2 FY2026 | Jun 30, 2026 | 76.5% | −9.9 |
| Q1 FY2026 | Mar 31, 2026 | 86.5% | +22.7 |
| Q4 FY2025 | Dec 31, 2025 | 94.8% | +11.8 |
| Q3 FY2025 | Sep 30, 2025 | 71.3% | +5.0 |
| Q2 FY2025 | Jun 30, 2025 | 86.3% | +29.7 |
| Q1 FY2025 | Mar 31, 2025 | 63.8% | −7.8 |
| Q4 FY2024 | Dec 31, 2024 | 83.0% | −6.3 |
| Q3 FY2024 | Sep 30, 2024 | 66.4% | −9.4 |
| Q2 FY2024 | Jun 30, 2024 | 56.6% | −28.5 |
| Q1 FY2024 | Mar 31, 2024 | 71.6% | +6.4 |
| Q4 FY2023 | Dec 31, 2023 | 89.2% | +17.1 |
| Q3 FY2023 | Sep 30, 2023 | 75.8% | +4.1 |
| Q2 FY2023 | Jun 30, 2023 | 85.1% | +14.4 |
| Q1 FY2023 | Mar 31, 2023 | 65.2% | −10.7 |
| Q4 FY2022 | Dec 31, 2022 | 72.2% | −0.1 |
| Q3 FY2022 | Sep 30, 2022 | 71.6% | −9.7 |
| Q2 FY2022 | Jun 30, 2022 | 70.7% | −12.4 |
| Q1 FY2022 | Mar 31, 2022 | 75.9% | −0.7 |
| Q4 FY2021 | Dec 31, 2021 | 72.2% | +0.1 |
| Q3 FY2021 | Sep 30, 2021 | 81.3% | +1.1 |
| Q2 FY2021 | Jun 30, 2021 | 83.0% | −5.6 |
| Q1 FY2021 | Mar 31, 2021 | 76.6% | −6.1 |
| Q4 FY2020 | Dec 31, 2020 | 72.1% | −9.6 |
| Q3 FY2020 | Sep 30, 2020 | 80.2% | +3.3 |
| Q2 FY2020 | Jun 30, 2020 | 88.6% | +11.2 |
| Q1 FY2020 | Mar 31, 2020 | 82.7% | +10.9 |
| Q4 FY2019 | Dec 31, 2019 | 81.8% | −3.4 |
| Q3 FY2019 | Sep 30, 2019 | 76.9% | −0.8 |
| Q2 FY2019 | Jun 30, 2019 | 77.5% | −3.2 |
| Q1 FY2019 | Mar 31, 2019 | 71.8% | −0.9 |
| Q4 FY2018 | Dec 31, 2018 | 85.1% | +1.5 |
| Q3 FY2018 | Sep 30, 2018 | 77.6% | +17.5 |
| Q2 FY2018 | Jun 30, 2018 | 80.7% | +17.3 |
| Q1 FY2018 | Mar 31, 2018 | 72.8% | +10.4 |
| Q4 FY2017 | Dec 31, 2017 | 83.6% | +6.6 |
| Q3 FY2017 | Sep 30, 2017 | 60.2% | – |
| Q2 FY2017 | Jun 30, 2017 | 63.4% | – |
| Q1 FY2017 | Mar 31, 2017 | 62.3% | – |
| Q4 FY2016 | Dec 31, 2016 | 77.1% | – |
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