CDXS - Codexis, Inc.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$5.00
DETAILS
HIGH:
$5.00
LOW:
$5.00
MEDIAN:
$5.00
CONSENSUS:
$5.00
UPSIDE:
100.80%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||
| Revenue | 70.4 | 59.3 | 70.1 | 138.6 | 104.8 | 69.1 | 68.5 | 60.6 | 50.0 | 48.8 | 41.8 | 35.3 | 31.9 | 88.3 | 123.9 | 107.1 | 82.9 | 50.5 | 25.3 | 12.1 |
| Cost of Revenue | 9.3 | 16.3 | 12.8 | 38.0 | 22.2 | 13.7 | 15.6 | 12.6 | 14.3 | 9.8 | 6.6 | 9.7 | 14.6 | 30.6 | 41.8 | 28.0 | 16.7 | 13.2 | 8.3 | 1.8 |
| Gross Profit | 61.0 | 43.1 | 57.3 | 100.6 | 82.5 | 55.3 | 52.8 | 48.0 | 35.7 | 39.1 | 35.2 | 25.6 | 17.4 | 57.7 | 82.1 | 79.1 | 66.2 | 37.3 | 17.0 | 10.3 |
| Operating Expenses | ||||||||||||||||||||
| R&D Expenses | 52.3 | 46.3 | 58.9 | 80.1 | 55.9 | 44.2 | 33.9 | 30.0 | 29.7 | 22.2 | 20.7 | 22.8 | 31.6 | 56.8 | 61.0 | 52.4 | 54.7 | 45.6 | 35.6 | 17.3 |
| SG&A Expenses | 47.1 | 55.1 | 53.2 | 52.2 | 49.3 | 35.0 | 31.5 | 29.3 | 29.0 | 25.4 | 22.3 | 21.9 | 26.9 | 31.4 | 36.9 | 33.8 | 29.9 | 35.7 | 19.7 | 11.9 |
| Other Expenses | 0 | 0.2 | 13.3 | 3.2 | 0 | 0 | 0 | (0.3) | (0.1) | (0.1) | (0.2) | (0.2) | 0 | (0.3) | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 99.4 | 101.6 | 125.4 | 135.4 | 105.2 | 79.2 | 65.4 | 59.3 | 58.7 | 47.6 | 43.0 | 44.7 | 58.5 | 88.2 | 98.0 | 86.2 | 84.6 | 81.3 | 55.4 | 29.1 |
| Operating Income | ||||||||||||||||||||
| Operating Income | (38.3) | (58.5) | (68.1) | (34.9) | (22.7) | (23.9) | (12.5) | (11.3) | (23.0) | (8.6) | (7.8) | (19.1) | (41.1) | (30.5) | (15.9) | (7.1) | (18.4) | (44.0) | (38.3) | (18.8) |
| Interest Expense | 4.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.7 | 1.2 | 2.0 | 2.4 | 2.5 | 0.7 |
| Interest Income | 2.6 | 3.7 | 4.2 | 1.4 | 0.5 | 0.4 | 1.3 | 0.7 | 0.1 | 0.1 | 0.0 | 0.0 | 0.1 | 0.3 | 0.3 | 0.2 | 0.2 | 1.5 | 1.5 | 0.7 |
| Profitability | ||||||||||||||||||||
| EBITDA | (33.9) | (58.5) | (49.3) | (26.3) | (16.8) | (19.4) | (8.0) | (10.1) | (21.9) | (4.0) | (2.4) | (12.6) | (31.1) | (18.2) | (4.8) | 0.7 | (12.1) | (37.9) | (35.7) | (15.7) |
| EBIT | (39.1) | (58.4) | (54.8) | (31.7) | (22.7) | (23.9) | (12.5) | (11.3) | (23.0) | (8.6) | (7.8) | (19.3) | (41.4) | (30.5) | (16.3) | (7.6) | (18.2) | (42.4) | (36.9) | (18.1) |
| Income Before Tax | (43.9) | (65.2) | (76.2) | (33.3) | (21.1) | (23.7) | (11.9) | (10.9) | (22.9) | (8.6) | (7.9) | (19.3) | (41.4) | (30.6) | (16.3) | (8.2) | (20.2) | (44.8) | (39.4) | (18.8) |
| Income Tax Expense | 0.0 | 0.0 | 0.1 | 0.3 | 0.2 | 0.3 | 0.0 | (0.0) | 0.1 | (0.0) | (0.3) | (0.3) | (0.1) | 0.3 | 0.2 | 0.4 | 0.1 | 0.3 | (0.4) | (0.1) |
| Net Income | (44.0) | (65.3) | (76.2) | (33.6) | (21.3) | (24.0) | (11.9) | (10.9) | (23.0) | (8.6) | (7.6) | (19.1) | (41.3) | (30.9) | (16.6) | (8.5) | (20.3) | (45.1) | (39.0) | (18.7) |
| Per Share Data | ||||||||||||||||||||
| EPS (Basic) | -0.50 | -0.89 | -1.12 | -0.51 | -0.33 | -0.40 | -0.21 | -0.21 | -0.50 | -0.21 | -0.19 | -0.50 | -1.08 | -0.84 | -0.46 | -0.35 | -7.74 | -16.63 | -14.36 | -6.88 |
| EPS (Diluted) | -0.50 | -0.89 | -1.12 | -0.51 | -0.33 | -0.40 | -0.21 | -0.21 | -0.50 | -0.21 | -0.19 | -0.50 | -1.08 | -0.84 | -0.46 | -0.35 | -7.74 | -16.63 | -14.36 | -6.88 |
| Shares Outstanding | 87.1 | 73.4 | 68.1 | 65.3 | 64.6 | 59.4 | 56.5 | 52.2 | 46.2 | 40.6 | 39.4 | 38.2 | 38.2 | 36.8 | 35.7 | 24.6 | 2.6 | 2.7 | 2.7 | 2.7 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||
| Cash & Cash Equivalents | 50.8 | 19.3 | 65.1 | 114.0 | 116.8 | 149.1 | 90.5 | 53.0 | 31.2 | 19.2 | 31.8 | 21.9 |
| Short-Term Investments | 27.4 | 54.2 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 23.8 | 15.2 |
| Net Receivables | 10.7 | 18.9 | 19.9 | 40.9 | 37.7 | 29.3 | 20.2 | 13.5 | 11.8 | 5.9 | 7.2 | 6.2 |
| Inventory | 1.8 | 1.8 | 2.7 | 2.0 | 1.2 | 1.0 | 0.4 | 0.6 | 1.0 | 0.8 | 2.9 | 3.0 |
| Other Current Assets | 6.1 | 4.6 | 5.7 | 0.5 | 0.6 | 0.6 | 0.7 | 0 | 1.0 | 1.2 | (68.0) | 0.4 |
| Total Current Assets | 96.8 | 98.8 | 93.5 | 162.9 | 161.9 | 184.4 | 114.2 | 67.2 | 45.0 | 27.2 | 67.4 | 48.3 |
| Non-Current Assets | ||||||||||||
| Property, Plant & Equipment | 43.5 | 42.9 | 28.6 | 61.9 | 65.5 | 31.2 | 30.4 | 4.8 | 2.8 | 2.2 | 21.6 | 16.0 |
| Goodwill | 2.5 | 2.5 | 2.5 | 3.2 | 3.2 | 3.2 | 3.2 | 3.2 | 3.2 | 3.2 | 3.2 | 3.1 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.9 | 1.8 |
| Long-Term Investments | 2.5 | 2.8 | 9.7 | 20.5 | 14.0 | 1.4 | 0 | 0.6 | 0.7 | 1.1 | 0 | 0 |
| Other Non-Current Assets | 2.5 | 2.1 | 2.3 | 1.9 | 1.8 | 1.4 | 1.2 | 2.5 | 1.9 | 1.9 | 5.9 | 1.6 |
| Total Non-Current Assets | 51.0 | 50.2 | 43.1 | 87.5 | 84.5 | 37.2 | 34.9 | 11.1 | 8.6 | 8.4 | 31.7 | 22.5 |
| Total Assets | 147.8 | 149.0 | 136.6 | 250.4 | 246.4 | 221.6 | 149.1 | 78.3 | 53.6 | 35.6 | 99.0 | 70.9 |
| Current Liabilities | ||||||||||||
| Account Payables | 1.6 | 2.8 | 5.9 | 3.2 | 3.0 | 3.0 | 2.6 | 3.0 | 3.5 | 4.2 | 10.0 | 9.2 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.4) | 0 | 0 |
| Deferred Revenue | 7.0 | 0.3 | 10.1 | 13.7 | 2.6 | 1.8 | 0.1 | 3.9 | 12.3 | 1.7 | 15.4 | 10.6 |
| Other Current Liabilities | 13.8 | 11.4 | 11.2 | 11.5 | 11.1 | 10.3 | 5.0 | 5.8 | 4.4 | 0.9 | 0 | 1.4 |
| Total Current Liabilities | 25.3 | 23.6 | 35.8 | 49.1 | 33.4 | 25.0 | 15.4 | 17.1 | 25.0 | 12.4 | 49.0 | 42.4 |
| Non-Current Liabilities | ||||||||||||
| Long-Term Debt | 40.1 | 28.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (132.7) |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.9) | 0 | 132.7 |
| Other Non-Current Liabilities | 1.3 | 1.3 | 1.2 | 1.4 | 1.3 | 1.3 | 1.2 | 1.5 | 2.3 | 3.1 | 1.3 | (130.0) |
| Total Non-Current Liabilities | 72.0 | 58.4 | 14.1 | 56.5 | 48.6 | 26.6 | 28.2 | 4.9 | 4.1 | 4.2 | 13.2 | 157.6 |
| Total Liabilities | 97.3 | 82.1 | 49.9 | 105.6 | 82.0 | 51.5 | 43.6 | 22.0 | 29.1 | 16.5 | 62.2 | 200.0 |
| Stockholders' Equity | ||||||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0 |
| Retained Earnings | (606.8) | (562.8) | (497.5) | (421.3) | (387.7) | (366.4) | (342.4) | (330.5) | (315.1) | (292.1) | (159.6) | (139.3) |
| Accumulated Other Comprehensive Income | 0.0 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | (0.5) | 0 | (0.3) | 0.1 |
| Total Stockholders' Equity | 50.5 | 66.9 | 86.6 | 144.8 | 164.4 | 170.1 | 105.5 | 56.3 | 24.5 | 19.1 | 36.8 | (129.1) |
| Total Liabilities & Equity | 147.8 | 149.0 | 136.6 | 250.4 | 246.4 | 221.6 | 149.1 | 78.3 | 53.6 | 35.6 | 99.0 | 70.9 |
| Debt Metrics | ||||||||||||
| Total Debt | 73.2 | 59.9 | 16.0 | 43.6 | 47.7 | 25.0 | 26.1 | 0.1 | 0.3 | 0.4 | 7.9 | 13.3 |
| Net Debt | 22.4 | 40.6 | (49.1) | (70.3) | (69.1) | (124.2) | (64.4) | (53.0) | (30.9) | (18.8) | (23.8) | (8.6) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | (44.0) | (65.3) | (76.2) | (33.6) | (21.3) | (24.0) | (11.9) | (10.9) | (23.0) | (8.6) |
| Depreciation & Amortization | 5.2 | 4.9 | 9.9 | 10.3 | 5.9 | 4.6 | 4.6 | 1.1 | 1.0 | 4.5 |
| Stock-Based Compensation | 9.6 | 13.1 | 10.0 | 14.5 | 11.6 | 7.7 | 6.9 | 7.9 | 7.1 | 5.7 |
| Change in Working Capital | 6.4 | (12.0) | (18.2) | 21.6 | (7.6) | (3.9) | (12.7) | (12.3) | 6.3 | (4.3) |
| Other Non-Cash Items | 3.3 | 9.8 | 21.9 | (1.5) | (0.0) | 0.1 | 0.5 | 0.1 | (0.2) | (0.0) |
| Operating Cash Flow | (19.4) | (49.4) | (52.6) | 11.3 | (14.3) | (16.5) | (12.6) | (14.1) | (8.8) | (2.7) |
| Investing Activities | ||||||||||
| Capital Expenditure | (4.5) | (4.3) | (4.4) | (8.3) | (13.8) | (3.7) | (3.7) | (2.8) | (1.0) | (0.9) |
| Acquisitions | 0.0 | 0.1 | 0.8 | 0.0 | 0.0 | 0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Purchases of Investments | (57.2) | (90.2) | (1.2) | (5.3) | (7.6) | (2) | (0.0) | 0 | 0 | 0 |
| Sales/Maturities of Investments | 85.1 | 37.5 | 0.4 | (0.0) | (0.0) | 0 | 0.1 | 0 | 0 | 0.0 |
| Other Investing Activities | 0 | 0 | (0.4) | 0.0 | 0.0 | 0 | 0.0 | 0.0 | 0.1 | 0.0 |
| Investing Cash Flow | 23.5 | (57.0) | (4.9) | (13.6) | (21.4) | (5.7) | (3.7) | (2.8) | (0.9) | (0.8) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 9.9 | 29.5 | 0 | 0 | 0 | (0.1) | (0.2) | (0.2) | (0.2) | 0 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (1.5) |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0 | (0.3) | (0.5) | (1.5) | (1.2) | (5.4) | 4.2 | 1.3 | (2.0) | (0.5) |
| Financing Cash Flow | 27.9 | 60.5 | 8.2 | (0.6) | 3.8 | 80.8 | 54.0 | 38.6 | 21.6 | (0.5) |
| Cash Position | ||||||||||
| Net Change in Cash | 32.1 | (45.9) | (49.3) | (2.9) | (31.9) | 58.6 | 37.7 | 21.7 | 12.0 | (4.0) |
| Cash at Beginning | 20.8 | 66.7 | 116.0 | 118.9 | 150.8 | 92.2 | 54.5 | 32.8 | 19.2 | 23.3 |
| Cash at End | 52.9 | 20.8 | 66.7 | 116.0 | 118.9 | 150.8 | 92.2 | 54.5 | 31.2 | 19.2 |
| Free Cash Flow | (23.8) | (53.7) | (57.1) | 3.0 | (28.1) | (20.2) | (16.3) | (16.9) | (9.7) | (3.6) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||||||||
| Revenue | 70.4 | 59.3 | 70.1 | 138.6 | 104.8 | 69.1 | 68.5 | 60.6 | 50.0 | 48.8 | 41.8 | 35.3 | 31.9 | 88.3 | 123.9 | 107.1 | 82.9 | 50.5 | 25.3 | 12.1 |
| Gross Profit | 61.0 | 43.1 | 57.3 | 100.6 | 82.5 | 55.3 | 52.8 | 48.0 | 35.7 | 39.1 | 35.2 | 25.6 | 17.4 | 57.7 | 82.1 | 79.1 | 66.2 | 37.3 | 17.0 | 10.3 |
| Operating Income | (38.3) | (58.5) | (68.1) | (34.9) | (22.7) | (23.9) | (12.5) | (11.3) | (23.0) | (8.6) | (7.8) | (19.1) | (41.1) | (30.5) | (15.9) | (7.1) | (18.4) | (44.0) | (38.3) | (18.8) |
| Net Income | (44.0) | (65.3) | (76.2) | (33.6) | (21.3) | (24.0) | (11.9) | (10.9) | (23.0) | (8.6) | (7.6) | (19.1) | (41.3) | (30.9) | (16.6) | (8.5) | (20.3) | (45.1) | (39.0) | (18.7) |
| EPS (Diluted) | -0.50 | -0.89 | -1.12 | -0.51 | -0.33 | -0.40 | -0.21 | -0.21 | -0.50 | -0.21 | -0.19 | -0.50 | -1.08 | -0.84 | -0.46 | -0.35 | -7.74 | -16.63 | -14.36 | -6.88 |
| Balance Sheet | ||||||||||||||||||||
| Cash & Equivalents | 50.8 | 19.3 | 65.1 | 114.0 | 116.8 | 149.1 | 90.5 | 53.0 | 31.2 | 19.2 | 31.8 | 21.9 | ||||||||
| Total Assets | 147.8 | 149.0 | 136.6 | 250.4 | 246.4 | 221.6 | 149.1 | 78.3 | 53.6 | 35.6 | 99.0 | 70.9 | ||||||||
| Total Debt | 73.2 | 59.9 | 16.0 | 43.6 | 47.7 | 25.0 | 26.1 | 0.1 | 0.3 | 0.4 | 7.9 | 13.3 | ||||||||
| Stockholders' Equity | 50.5 | 66.9 | 86.6 | 144.8 | 164.4 | 170.1 | 105.5 | 56.3 | 24.5 | 19.1 | 36.8 | (129.1) | ||||||||
| Cash Flow | ||||||||||||||||||||
| Operating Cash Flow | (19.4) | (49.4) | (52.6) | 11.3 | (14.3) | (16.5) | (12.6) | (14.1) | (8.8) | (2.7) | ||||||||||
| Capital Expenditure | (4.5) | (4.3) | (4.4) | (8.3) | (13.8) | (3.7) | (3.7) | (2.8) | (1.0) | (0.9) | ||||||||||
| Free Cash Flow | (23.8) | (53.7) | (57.1) | 3.0 | (28.1) | (20.2) | (16.3) | (16.9) | (9.7) | (3.6) | ||||||||||