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CDXS

Codexis, Inc.

CDXS

NASDAQ·Healthcare·Biotechnology·Mkt cap $157.0M

$1.46

+2.82%

P/E

-4.35

Mkt Cap

$157.0M

52-Wk Range

$0.96–$2.98

52-Week Range

$0.96 - $2.98

P/E

-4.35

Fwd P/E

-3.98

Beta

2.53

Div Yield

0.00%

Avg Vol

1.1M

Shares Out

90.9M

Mkt Cap

$157.0M

Price action

Price chart

Down 40.4% over the trailing year

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

5 reasons

  • Proprietary CodeEvolver protein engineering platform enabling rapid biocatalyst development
  • Extensive enzyme library and screening capabilities for accelerated customer solutions
  • Established relationships with major pharmaceutical manufacturers and chemical producers
  • Patent portfolio protecting core enzyme designs and engineering methodologies
  • Expertise in directed evolution and synthetic biology with 20+ years of R&D

Bear Case

1 risk

  • High volatility (beta 2.5). Larger-than-normal price swings expected.

Growth

Stable outlook

Increasing pharmaceutical industry adoption of biocatalysts for cost reduction and sustainability

Value

Deep value opportunity - significant discount to Biotech & Therapeutics peers

Momentum

Falling

-44.1% over 3m

Quality

Excellent

Solid business

Dividend

None

No dividend

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Oct 29, 2026

Q3 26 RECAP

AUG 11, 2026

Reported EPS of -$0.13 vs -$0.14 consensus (+8.2% surprise). Revenue of $14.9M vs $13.8M expected (+7.9%). Beat on both top and bottom lines.

EPS beat +8.2%
Rev beat +7.9%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Estimate

Actual

Q3 26

+8.2%

Revenue trend · last 8Q

-19%

-56%

+92%

-33%

+81%

+102%

-3%

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

Q2 26

$12.8M

$21.5M

$7.5M

$15.3M

$8.6M

$38.9M

$15.2M

$14.9M

Margins · last 8Q

Gross

84.8%

Operating

-75.3%

Profit

-80.5%

Wall Street consensus

1 analyst · 0% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

0%

Hold

1

100%

Sell

0%

Median Price Target

Latest: Benchmark · Aug 20, 2026

vs Industry

How CDXS stacks vs Biotechnology

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.