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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 5/3018% below fair value
$1.16+0.20 (+21.07%)

Close on Nov 13, 2026Market cap $127.03MP/E –Yield –

Codexis statistics

85 measures from SEC filings and the closing price. Hover a name for the formula; the last column is the median of companies in the same industry group.

Important dates

Next earnings
Mar 10, 2027 (estimated, after the close)
Last ex-dividend date
No dividends
Fundamentals through
Sep 30, 2026
Share price as of
Nov 13, 2026

Valuation ratiosIndustry

Market Cap
$127.03M
$272.32M
Enterprise Value
$95.65M
$146.23M
PS Ratio
1.44
3.66
PB Ratio
2.48
2.00
P/TBV Ratio
2.60
2.22

Enterprise valuationIndustry

EV / Sales
1.08
2.57

Share statisticsIndustry

Shares Change (YoY)
11.8%
10.8%
Shares Change (QoQ)
19.8%
0.50%
Float
107M
49M
Shares Held by Insiders
2.16%
11.7%
Shares Held by Institutions
63.7%
56.4%

Short sellingIndustry

Short Interest
4M
–
Short Interest Change
-11.2%
-0.80%
Short % of Float
4.11%
9.01%
Short % of Shares Outstanding
4.02%
6.30%
Days to Cover
4.89
5.15

Stock price statisticsIndustry

52-Week High
$2.98
–
52-Week Low
$0.90
–
20-Day Moving Average
$1.16
–
50-Day Moving Average
$1.29
–
200-Day Moving Average
$1.79
–
Average True Range (14)
$0.10
–
Price Change (1 Week)
7.41%
-1.15%
Price Change (1 Month)
-14.7%
-4.87%
Price Change (3 Months)
-27.0%
-21.0%
Price Change (6 Months)
-52.8%
-20.6%
Price Change (YTD)
-28.8%
-23.6%
Price Change (1 Year)
-39.9%
-22.4%
Price Change (3 Years)
-40.8%
-29.5%
Price Change (5 Years)
-96.9%
-77.9%
Price Change (10 Years)
-76.6%
-65.4%
Average Volume (10 Days)
1M
–
Average Volume (20 Days)
964,472
–
Average Volume (90 Days)
1M
–
Relative Volume
2.40
0.70
Relative Strength Index (14)
48.6
43.4
Volatility (1 Year)
88.0%
80.1%
Beta (5 Years)
2.42
1.07

MarginsIndustry

Gross Margin
86.8%
53.1%
Operating Margin
-18.3%
-38.7%
Pretax Margin
-21.7%
-11.6%
Profit Margin
-21.8%
-31.6%
EBITDA Margin
-12.6%
-27.7%
FCF Margin
-13.7%
-9.56%

Returns on capitalIndustry

Return on Equity (ROE)
-42.9%
-49.9%
Return on Assets (ROA)
-14.3%
-40.6%
Return on Invested Capital (ROIC)
-64.7%
-32.9%
Return on Capital Employed (ROCE)
-14.7%
-37.9%

Financial positionIndustry

Current Ratio
2.81
3.30
Quick Ratio
2.13
2.39
Debt / Equity
0.81
0.49

GrowthIndustry

Revenue Growth (YoY)
66.9%
6.82%
Revenue Growth (3Y CAGR)
-20.2%
2.25%
Revenue Growth (5Y CAGR)
0.38%
6.41%

EfficiencyIndustry

Asset Turnover
0.66
0.40
Inventory Turnover
5.77
2.73
Revenue Per Employee
$605.07K
$429.29K
Profits Per Employee
-$131.75K
-$689.41K
Employee Count
146
74
WACC
14.4%
10.2%

Income statement (TTM)Industry

Revenue
$88.34M
$66.37M
Gross Profit
$76.71M
$120.78M
Operating Income
-$16.15M
-$21.37M
Pretax Income
-$19.16M
-$12.95M
Net Income
-$19.24M
-$22.35M
EBITDA
-$11.16M
-$17.21M
EPS (Diluted)
-$0.20
-$0.76

Balance sheetIndustry

Total Debt
$41.28M
$116.91M
Net Cash (Debt)
$31.38M
$17.76M
Net Cash Per Share
$0.29
$0.80
Equity (Book Value)
$51.24M
$53.89M
Book Value Per Share
$0.47
$1.50
Tangible Book Value
$48.78M
$27.13M
Working Capital
$61.68M
$79.99M

Cash flow (TTM)Industry

Operating Cash Flow
-$10.47M
-$12.38M
Capital Expenditures
-$1.67M
-$1.00M
Free Cash Flow
-$12.14M
-$18.21M
FCF Per Share
-$0.11
-$0.42

Dividends and yieldsIndustry

Earnings Yield
-15.1%
-21.8%
FCF Yield
-9.56%
-9.44%

Taxes and interestIndustry

Income Tax
$73.00K
$73.00K

Scores and fair valueIndustry

Altman Z-Score
-4.59
0.23
Piotroski F-Score
4
4

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 13, 2026. The S&P 500 is measured by the SPY fund.

PeriodCDXSS&P 500DifferenceCDXS per yearS&P 500 per year
1 month-12.1%-3.0%−9.1 pts
3 months-27.5%-2.8%−24.7 pts
Year to date-28.8%+11.5%−40.3 pts
1 year-28.8%+13.5%−42.3 pts
3 years-30.1%+77.7%−107.8 pts-11.3%+21.1%
5 years-96.9%+72.6%−169.5 pts-50.0%+11.5%
10 years-77.5%+308.2%−385.6 pts-13.8%+15.1%

Short interest

Shares sold short and not yet covered, reported by brokers to FINRA twice a month. Latest settlement date Oct 30, 2026.

4M CDXS shares were sold short on Oct 30, 2026, down 11.2% from the previous report, or 4.11% of the shares available to trade. At recent volumes it would take 4.9 days to buy them back. Over the last 20 sessions, 57.1% of the volume reported to FINRA was short selling.

Settlement dateShares shortChangeAvg. daily volumeDays to cover
Oct 30, 20264,398,917-11.2%898,8264.9
Oct 15, 20264,953,919+2.4%785,0446.3
Sep 30, 20264,839,321+20.2%967,6325.0
Sep 15, 20264,025,042+4.6%700,6575.7
Aug 31, 20263,848,350+3.3%1,082,2783.6
Aug 14, 20263,724,621-5.1%1,117,1143.3
Jul 31, 20263,925,708+4.7%1,906,1402.1
Jul 15, 20263,748,739+16.0%748,8975.0
Jun 30, 20263,230,374-0.8%1,064,1793.0
Jun 15, 20263,256,113-16.0%748,9704.3
May 29, 20263,877,620+4.8%768,6855.0
May 15, 20263,698,275-20.9%1,239,7853.0

Ratios use trailing-twelve-month results and the latest balance sheet. How we calculate.

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