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Companies / Materials / CODEXIS, INC.
CDXS

CODEXIS, INC.

MaterialsChemicals
Ticker CDXSREDWOOD CITY, CAFiscal year ends DecemberBook value per share $0.36Diluted shares 90.9M

Codexis, Inc. (NASDAQ: CDXS) is a leading provider of technology solutions for improving therapeutics manufacturing through the discovery, development, and commercialization of novel, high-performance enzymes and proteins. Founded in 2002, the company has built its competitive advantage around the proprietary… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$70.39M
+18.6% year over year
Last 12 mo $77.68M
-59.30%
+39.3 percentage points
Last 12 mo -35.61%
$-43.97M
+32.6% year over year
Last 12 mo $-30.72M
-80.29%
+17 percentage points
Last 12 mo -93.22%
Cash & financing
$-19.38M
+60.8% year over year
Last 12 mo $-10.40M
$-23.85M
+55.6% year over year
Last 12 mo $-12.18M
0.79
Was 0.43× a year earlier
Last 12 mo 1.24
87.1M
+18.7% year over year
Last 12 mo 90.9M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What CODEXIS, INC. does

In the company’s own words

Codexis, Inc. (NASDAQ: CDXS) is a leading provider of technology solutions for improving therapeutics manufacturing through the discovery, development, and commercialization of novel, high-performance enzymes and proteins. Founded in 2002, the company has built its competitive advantage around the proprietary CodeEvolver directed evolution technology platform, which uses machine learning and sophisticated molecular workflows to design and optimize enzymes for specific applications and manufacturing processes.

The company operates through two primary business segments. The ECO Synthesis manufacturing platform represents a strategic growth initiative designed to enable large-scale production of RNA interference therapeutics using enzymatic tools and processes. This platform addresses limitations of the current industry standard phosphoramidite chemistry by offering improved purity, yield, and manufacturing efficiency while reducing reliance on hazardous solvents. Codexis completed its ECO Synthesis Innovation Lab in late 2024 and has established partnerships with major contract development and manufacturing organizations to advance technology transfer and GMP-grade production capabilities. In November 2025, the company signed a lease for a GMP manufacturing facility in Hayward, California, expected to be operational by the end of 2027.

The small molecule pharma biocatalysis business leverages CodeEvolver technology to develop optimized enzymes for pharmaceutical manufacturers seeking to improve efficiency and sustainability in their manufacturing processes. As of December 31, 2025, Codexis supplied enzymes as biocatalysts for 18 approved commercial drugs and 15 drug candidates in Phase 2 and Phase 3 clinical trials. The company also licenses its CodeEvolver platform to major pharmaceutical companies including GlaxoSmithKline, Merck, and Novartis.

Codexis maintains research and development operations at its headquarters in Redwood City, California, with manufacturing conducted through both in-house facilities and partnerships with contract manufacturers in Austria, Italy, and the United Kingdom. The company holds approximately 1,600 active issued patents and pending patent applications globally, with trademark registrations including CodeEvolver, ECO Synthesis, and various enzyme product names. The company has divested its biotherapeutics programs in recent years, focusing resources on its core enzyme engineering and manufacturing solutions businesses.

Company details
Sector
Materials
Industry
Chemicals
Headquarters
REDWOOD CITY, CA
Fiscal year end
December
CIK
1200375
SIC
2860

Financial performance, year by year

Fiscal 2013–2025 · USD
$-97.72M$-33.27M$31.17M$95.62M$160.07M2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns CODEXIS, INC. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

137
funds hold it
0 of 35
superinvestors hold it
$58.36M
held by funds, at market
22.1%
of shares held by funds

Largest fund holders · CODEXIS, INC.’s weight in each

0.74%of fund net assets
Columbia Small Cap Value Discovery Fund
CSMIX · COLUMBIA FUNDS SERIES TRUST I
0.32%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
0.77%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.01%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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