Codexis, Inc. (CDXS) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 15.25M | 38.91M | 8.6M | 15.33M | 7.54M | 21.46M | 12.83M | 7.98M | 17.07M | 26.56M | 9.28M | 21.32M | 12.98M | 30.38M | 34.47M | 38.41M | 35.34M | 24.5M | 36.77M | 25.45M |
| Revenue Growth % | 102.15% | 81.34% | -32.98% | 92.1% | -55.82% | -19.2% | 38.33% | -62.58% | 31.51% | -12.56% | -73.09% | -44.48% | -63.27% | 23.97% | -6.25% | 50.89% | 95.98% | 16.49% | 99.99% | 70.06% |
| Cost of Goods Sold | 3.31M | 3.36M | 2.46M | 3.4M | 2.73M | 3.65M | 4.32M | 3.46M | 6.11M | 4.08M | 2.25M | 3.18M | 4.52M | 8.46M | 9.79M | 11.27M | 8.52M | 6.81M | 6.87M | 4.32M |
| COGS % of Revenue | 21.72% | 8.64% | 28.66% | 22.18% | 36.22% | 17.03% | 33.64% | 43.39% | 35.77% | 15.35% | 24.24% | 14.9% | 34.83% | 27.84% | 28.39% | 29.34% | 24.11% | 27.78% | 18.68% | 16.96% |
| Gross Profit | 11.94M | 35.55M | 6.14M | 11.93M | 4.81M | 17.81M | 8.52M | 4.52M | 10.97M | 22.48M | 7.03M | 18.14M | 8.46M | 21.92M | 24.68M | 27.14M | 26.82M | 17.7M | 29.9M | 21.14M |
| Gross Margin % | 78.28% | 91.36% | 71.34% | 77.82% | 63.78% | 82.97% | 66.36% | 56.61% | 64.23% | 84.65% | 75.76% | 85.1% | 65.17% | 72.16% | 71.61% | 70.66% | 75.89% | 72.22% | 81.32% | 83.04% |
| Gross Profit Growth % | 148.1% | 99.67% | -27.95% | 164.07% | -56.13% | -20.8% | 21.17% | -75.11% | 29.61% | 2.57% | -71.53% | -33.13% | -68.45% | 23.87% | -17.45% | 28.39% | 94.14% | 16.62% | 102.82% | 59.29% |
| Operating Expenses | 19.98M | 21.59M | 25.09M | 24.79M | 25.3M | 25.15M | 25.07M | 27.25M | 22.85M | 22.2M | 39.09M | 30.77M | 32.13M | 35.17M | 35.32M | 29.75M | 35.2M | 28.08M | 28.57M | 25.62M |
| OpEx % of Revenue | 131.03% | 55.47% | 291.65% | 161.73% | 335.37% | 117.18% | 195.38% | 341.51% | 133.86% | 83.59% | 421.34% | 144.31% | 247.47% | 115.78% | 102.47% | 77.45% | 99.62% | 114.61% | 77.71% | 100.66% |
| Selling, General & Admin | 9.67M | 10.66M | 11.22M | 12.2M | 12.36M | 13.05M | 13.57M | 15.67M | 12.64M | 10.97M | 12.3M | 13.37M | 15.4M | 12.31M | 13.5M | 10.66M | 15.71M | 11.72M | 13.41M | 12.79M |
| SG&A % of Revenue | 63.41% | 27.4% | 130.42% | 79.57% | 163.79% | 60.8% | 105.73% | 196.4% | 74.03% | 41.29% | 132.61% | 62.68% | 118.62% | 40.54% | 39.16% | 27.75% | 44.44% | 47.85% | 36.46% | 50.27% |
| Research & Development | 10.31M | 10.92M | 13.87M | 12.59M | 12.94M | 12.1M | 11.51M | 11.41M | 10.21M | 11.23M | 13.66M | 17.33M | 16.66M | 19.69M | 21.82M | 19.09M | 19.5M | 16.36M | 15.16M | 12.83M |
| R&D % of Revenue | 67.62% | 28.07% | 161.24% | 82.16% | 171.58% | 56.38% | 89.65% | 143.04% | 59.83% | 42.3% | 147.27% | 81.29% | 128.29% | 64.82% | 63.3% | 49.7% | 55.18% | 66.76% | 41.24% | 50.39% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 165K | 0 | 0 | 1000K | 72K | 72K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -8.04M | 13.96M | -18.95M | -12.86M | -20.49M | -7.34M | -16.56M | -22.73M | -11.89M | 281K | -32.06M | -12.63M | -23.66M | -13.25M | -10.64M | -2.61M | -8.39M | -10.38M | 1.33M | -4.49M |
| Operating Margin % | -52.75% | 35.89% | -220.31% | -83.91% | -271.59% | -34.21% | -129.02% | -284.9% | -69.63% | 1.06% | -345.59% | -59.21% | -182.29% | -43.62% | -30.86% | -6.79% | -23.73% | -42.39% | 3.62% | -17.62% |
| Operating Income Growth % | 60.74% | 290.23% | -14.45% | 43.42% | -72.32% | -2712.46% | 48.36% | -80.04% | 49.77% | 102.12% | -201.43% | -383.94% | -182.2% | -27.59% | -899.7% | 41.84% | 8.4% | -164.65% | 121.93% | 26.54% |
| EBITDA | -5.82M | 16.19M | -16.86M | -10.83M | -18.58M | -5.25M | -14.53M | -20.68M | -9.86M | 2.25M | -29.57M | -9.88M | -20.95M | -10.58M | -8.02M | -62K | -5.97M | -8.56M | 2.77M | -3.11M |
| EBITDA Margin % | -38.18% | 41.6% | -195.97% | -70.68% | -246.28% | -24.46% | -113.25% | -259.18% | -57.77% | 8.49% | -318.79% | -46.33% | -161.38% | -34.82% | -23.26% | -0.16% | -16.9% | -34.94% | 7.53% | -12.22% |
| EBITDA Growth % | 68.66% | 408.34% | -15.98% | 47.61% | -88.35% | -332.82% | 50.86% | -109.35% | 52.92% | 121.32% | -268.8% | -15832.26% | -250.86% | -23.56% | -389.6% | 98.01% | 23.91% | -212.79% | 156.13% | 37.81% |
| D&A (Non-Cash Add-back) | 2.22M | 2.22M | 2.09M | 2.03M | 1.91M | 2.09M | 2.02M | 2.05M | 2.02M | 1.97M | 2.49M | 2.75M | 2.71M | 2.67M | 2.62M | 2.55M | 2.42M | 1.82M | 1.44M | 1.38M |
| EBIT | -8.04M | 13.96M | -18.32M | -12.86M | -19.73M | -10.37M | -15.71M | -21.76M | -11.89M | 281K | -18.94M | -11.51M | -23.59M | -10.08M | -10.64M | -2.61M | -8.39M | -10.38M | 1.33M | -4.49M |
| Net Interest Income | 665K | 656K | -658K | 584K | -191K | 7.36M | -4.07M | -13K | 909K | 906K | 1.06M | 1.11M | 1.09M | 823K | 436K | 140K | 42K | 35K | 41K | 206K |
| Interest Income | 665K | 656K | 634K | 584K | 751K | 940K | 849K | 972K | 909K | 906K | 1.06M | 1.12M | 1.09M | 823K | 436K | 140K | 42K | 35K | 41K | 206K |
| Interest Expense | 0 | 0 | 1.29M | 0 | 942K | -6.42M | 4.92M | 985K | 0 | 0 | 0 | 9K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | -625K | -4.35M | -658K | -400K | -191K | -3.03M | -4.07M | -13K | 393K | -7.44M | -2.84M | 1.11M | 1.06M | 797K | 652K | 77K | 39K | 263K | 1.02M | 229K |
| Pretax Income | -8.67M | 9.62M | -19.61M | -13.26M | -20.68M | -10.37M | -20.63M | -22.75M | -11.49M | -7.16M | -34.9M | -11.51M | -22.6M | -12.45M | -9.98M | -2.53M | -8.35M | -10.12M | 2.35M | -4.26M |
| Pretax Margin % | -56.85% | 24.72% | -227.96% | -86.52% | -274.12% | -48.34% | -160.76% | -285.06% | -67.33% | -26.95% | -376.19% | -54% | -174.09% | -41% | -28.96% | -6.59% | -23.62% | -41.31% | 6.4% | -16.72% |
| Income Tax | 36K | 18K | 8K | 10K | 11K | 3K | 10K | 10K | 10K | 35K | 9K | 9K | 16K | 151K | 8K | 108K | 9K | 68K | 110K | 8K |
| Effective Tax Rate % | -0.42% | 0.19% | -0.04% | -0.08% | -0.05% | -0.03% | -0.05% | -0.04% | -0.09% | -0.49% | -0.03% | -0.08% | -0.07% | -1.21% | -0.08% | -4.27% | -0.11% | -0.67% | 4.67% | -0.19% |
| Net Income | -8.7M | 9.6M | -19.61M | -13.27M | -20.69M | -10.38M | -20.64M | -22.75M | -11.51M | -7.19M | -34.91M | -11.52M | -22.62M | -12.6M | -9.99M | -2.64M | -8.36M | -10.19M | 2.24M | -4.26M |
| Net Margin % | -57.08% | 24.67% | -228.05% | -86.59% | -274.27% | -48.35% | -160.84% | -285.19% | -67.39% | -27.08% | -376.29% | -54.04% | -174.22% | -41.49% | -28.99% | -6.87% | -23.64% | -41.59% | 6.1% | -16.76% |
| Net Income Growth % | 57.93% | 192.53% | 4.97% | 41.67% | -79.82% | -44.27% | 40.87% | -97.47% | 49.13% | 42.94% | -249.36% | -336.48% | -170.67% | -23.69% | -545.28% | 38.1% | 7.85% | -159.95% | 136.82% | 32.77% |
| Net Income (Continuing) | -8.7M | 9.6M | -19.61M | -13.27M | -20.69M | -10.38M | -20.64M | -22.75M | -11.51M | -7.19M | -34.91M | -11.52M | -22.62M | -12.6M | -9.99M | -2.64M | -8.36M | -10.19M | 2.24M | -4.26M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.10 | 0.11 | -0.22 | -0.16 | -0.25 | -0.13 | -0.29 | -0.32 | -0.16 | -0.10 | -0.50 | -0.17 | -0.34 | -0.19 | -0.15 | -0.04 | -0.13 | -0.16 | 0.03 | -0.07 |
| EPS Growth % | 61.64% | 184.62% | 24.14% | 50% | -56.25% | -30% | 42% | -88.24% | 52.94% | 47.37% | -233.33% | -320.79% | -161.54% | -18.75% | -600% | 38.97% | 7.14% | -146.91% | 130% | 39.82% |
| EPS (Basic) | -0.10 | 0.11 | -0.22 | -0.16 | -0.25 | -0.13 | -0.29 | -0.32 | -0.16 | -0.10 | -0.50 | -0.17 | -0.34 | -0.19 | -0.15 | -0.04 | -0.13 | -0.16 | 0.03 | -0.07 |
| Diluted Shares Outstanding | 90.77M | 90.91M | 90.25M | 85.39M | 82.41M | 81.3M | 72.03M | 70.38M | 69.85M | 69.5M | 69.47M | 67.57M | 65.93M | 65.56M | 65.43M | 65.29M | 65.1M | 64.91M | 67.74M | 64.43M |
| Basic Shares Outstanding | 90.77M | 90.4M | 90.25M | 85.39M | 82.41M | 81.3M | 72.03M | 70.38M | 69.85M | 69.5M | 69.47M | 67.57M | 65.93M | 65.56M | 65.43M | 65.29M | 64.28M | 64.08M | 64.63M | 64.43M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |