CODEXIS, INC.
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $70.4M | $59.3M | $70.1M | $138.6M | $104.8M |
| Operating income | -$41.7M | -$58.5M | -$68.1M | -$34.9M | -$22.7M |
| Cost of revenue | $9.3M | $16.3M | $12.8M | $38.0M | $22.2M |
| Cash from operations | -$19.4M | -$49.4M | -$52.6M | $11.3M | -$14.3M |
| Capital expenditure | $4.5M | $4.3M | $4.4M | $8.3M | $13.8M |
| Free cash flow | -$23.8M | -$53.7M | -$57.1M | $3.0M | -$28.1M |
| Impairments | $0 | $165,000 | $10.0M | $0 | $0 |
| Total assets | $147.8M | $149.0M | $136.6M | $250.4M | $246.4M |
| Total liabilities | $97.3M | $82.1M | $49.9M | $105.6M | $82.0M |
| Total debt | $42.2M | $31.8M | — | — | — |
Shares outstanding 90.9M · Free float 74.6%
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.