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CODEXIS, INC.

For the period ended Mar 31, 2026. Filed May 7, 2026.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2026 · Filed May 7, 2026

CDXS$1.00-9.9%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Condensed Consolidated Statements of Cash Flows

Three Months Ended March 31,
20262025
Operating activities:
Net loss$(8,704)$(20,688)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization1,2861,195
Reduction in the carrying amount of right-of-use assets935714
Stock-based compensation1,4282,379
Provision (recovery) for credit losses—(113)
Non-cash interest expense376281
Amortization of discount on short-term investments(238)(330)
Other non-cash items—(3)
Changes in operating assets and liabilities:
Financial assets2,4797,426
Inventories(183)18
Prepaid expenses and other assets1,70131
Accounts payable3122,065
Accrued compensation and other accrued liabilities(5,356)(6,501)
Other long-term liabilities(1,033)(750)
Deferred revenue(6,153)478
Net cash used in operating activities(13,150)(13,798)
Investing activities:
Purchase of property and equipment(176)(1,255)
Purchases of short-term investments(20,025)(10,326)
Proceeds from maturity of short-term investments19,09023,350
Net cash provided by (used in) investing activities(1,111)11,769
Financing activities:
Proceeds from exercises of stock options—1,098
Costs incurred in connection with equity sales agreements(14)(13)
Net cash provided by (used in) financing activities(14)1,085
Net decrease in cash, cash equivalents and restricted cash(14,275)(944)
Cash, cash equivalents and restricted cash at the beginning of the period52,88320,829
Cash, cash equivalents and restricted cash at the end of the period$38,608$19,885
Supplemental disclosure of cash flow information:
Interest paid$892$432
Income taxes paid$36$—
Supplemental non-cash investing and financing activities:
Capital expenditures incurred but not yet paid$604$2,073

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the unaudited condensed consolidated balance sheets as of March 31, 2026 and 2025 to the total of the same such amounts shown above in the unaudited condensed consolidated statements of cash flows:

March 31,
20262025
Cash and cash equivalents$36,571$18,319
Restricted cash, current and non-current2,0371,566
Total cash, cash equivalents and restricted cash$38,608$19,885

This table excludes short-term investments of $28.6 million and $41.5 million as of March 31, 2026 and 2025, respectively. Total cash, cash equivalents, and short-term investments as of March 31, 2026 and 2025 were $65.1 million and $59.8 million, respectively.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.