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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 5/3013% below fair value
$0.98−0.02 (-2.36%)

Close on Nov 11, 2026Market cap $106.92MP/E –Yield –

Codexis, Inc. grew revenue 66.9% to $88.34M over the twelve months to Sep 30, 2026. Free cash flow was -$12.14M. At the latest close the market valued the company at $106.92M.

Revenue
$88.34M
+66.9% vs. a year earlier
Operating income
-$16.15M
TTM Q3 2026
Free cash flow
-$12.14M
TTM Q3 2026
EPS, diluted
-$0.20
TTM Q3 2026

Key statistics

Valuation at the latest close; fundamentals over the trailing twelve months, balances at Sep 30, 2026

Valuation

Market cap
$106.92M
P/E ratio
–
Price to sales
1.38
Price to book
3.24
Dividend yield
–
Free cash flow yield
-11.39%

Fundamentals

Revenue
$88.34M
Net income
-$19.24M
EPS, diluted
-$0.20
Free cash flow
-$12.14M
Book value per share
$0.48
Diluted shares
107M

Trading

Next earnings
Q3 FY2026, expected soon
Previous close
$1.00
Open
$1.00
Day's range
$0.95 – $1.01
Volume
1,667,547
Average volume (20 days)
871,271
Index membership
Russell 2000, Russell 3000
Beta (5 years)
2.40
52-week range
$0.95 – $2.98
RSI (14 days)
32.2
Volatility (1 year)
85.7%
Relative volume
1.62×
WACC
13.7%

Index membership is inferred from the holdings of funds that track each index (IWM, IWV), as reported to the SEC for Jun 30, 2026. Join dates come from quarterly fund reports since 2019, so they are accurate to the quarter.

Market cap history

Month-end market cap since 2011, using shares outstanding reported at the time

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 11, 2026. The S&P 500 is measured by the SPY fund.

PeriodCDXSS&P 500DifferenceCDXS per yearS&P 500 per year
1 month-30.8%-2.4%−28.3 pts
3 months-34.0%-1.2%−32.9 pts
Year to date-40.1%+12.3%−52.4 pts
1 year-45.8%+12.4%−58.2 pts
3 years-41.2%+78.8%−120.0 pts-16.2%+21.4%
5 years-97.4%+75.2%−172.6 pts-51.8%+11.9%
10 years-81.0%+311.1%−392.1 pts-15.3%+15.2%

Fifteen years at a glance

Fiscal years 2011 to 2025 and trailing twelve months, USD

Revenue

$88.34M+66.9% YoY

Gross profit

$76.71M+82.7% YoY

Operating income

-$16.15M

Net income

-$19.24M

EPS, diluted

-$0.20

Free cash flow

-$12.14M
Reported periodTrailing twelve months

Press releases

Releases Codexis filed with the SEC as exhibits to Form 8-K or 6-K

All press releases and earnings

About Codexis

Industrial Organic Chemicals

Codexis, Inc. discovers, engineers, and supplies specialized enzymes and proteins to optimize the manufacturing of biopharmaceutical therapeutics. The company operates through two primary areas: its small molecule biocatalysis business and its ECO Synthesis platform. In biocatalysis, it designs custom enzymes that act as biocatalysts to improve synthesis efficiency, product purity, and yield for small-molecule drugs. Through its ECO Synthesis platform, the company provides enzymatic synthesis tools and contract process development services to support the production of RNA interference therapies, including small interfering RNA. Its customers include global pharmaceutical developers, biotechnology firms, and contract development and manufacturing organizations.

Company profile, executives and history

Codexis stock: common questions

What is Codexis's stock price?

CDXS closed at $0.98 on Nov 11, 2026, down 2.36% on the day. Over the past 52 weeks it traded between $0.95 and $2.98.

What is Codexis's market cap?

Codexis was worth $106.92M at the close on Nov 11, 2026: the share price times the diluted shares outstanding.

What is CDXS's P/E ratio?

Codexis lost money over the twelve months to Sep 30, 2026 (diluted EPS -$0.20), so it has no meaningful P/E ratio.

How much revenue does Codexis make?

Codexis reported revenue of $88.34M for the twelve months to Sep 30, 2026, up 66.9% from a year earlier.

Does Codexis pay a dividend?

No. Codexis has not paid a cash dividend over the last twelve months.

When does Codexis report earnings next?

Codexis's Q3 FY2026 results are due soon; the company has not yet filed them with the SEC.

How has CDXS stock performed over the past year?

Including dividends, CDXS returned -45.8% over the past year, against +12.4% for the S&P 500.

How many CDXS shares are sold short?

4M shares were sold short at the latest FINRA report, 4.11% of the float, or 4.9 days of average trading volume.

Who are Codexis's competitors?

Companies most similar to Codexis by business, industry and size include LNZA, FF, PLX, CNEY, GEVO.

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