CODEXIS, INC.
For the period ended Dec 31, 2025. Filed Mar 11, 2026.
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FY2025 · Filed Mar 11, 2026
CDXS$1.08+5.9%Stored close · as of Nov 6, 2026
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Consolidated Statements of Operations
(In Thousands, Except Per Share Amounts)
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Revenues: | |||
| Product revenue | $26,028 | $36,786 | $42,906 |
| Research and development revenue | 44,359 | 22,559 | 27,237 |
| Total revenues | 70,387 | 59,345 | 70,143 |
| Costs and operating expenses: | |||
| Cost of product revenue | 9,338 | 16,288 | 12,809 |
| Research and development | 52,307 | 46,263 | 58,885 |
| Selling, general and administrative | 47,074 | 55,148 | 53,250 |
| Restructuring charges | 3,407 | — | 3,284 |
| Asset impairment and other charges | — | 165 | 9,984 |
| Total costs and operating expenses | 112,126 | 117,864 | 138,212 |
| Loss from operations | (41,739) | (58,519) | (68,069) |
| Interest income | 2,625 | 3,670 | 4,172 |
| Interest and other expense, net | (4,813) | (10,393) | (12,274) |
| Loss before income taxes | (43,927) | (65,242) | (76,171) |
| Provision for income taxes | 47 | 34 | 69 |
| Net loss | $(43,974) | $(65,276) | $(76,240) |
| Net loss per share, basic and diluted | $(0.50) | $(0.89) | $(1.12) |
| Weighted average common stock shares used in computing net loss per share, basic and diluted | 87,142 | 73,408 | 68,131 |
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