Codexis, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $70.4M | $59.3M | $70.1M | $138.6M | $104.8M | $69.1M | $68.5M | $60.6M |
| Cost of Revenue | $9.3M | $16.3M | $12.8M | $38.0M | $22.2M | $13.7M | $15.6M | $12.6M |
| Gross Profit | $61.0M | $43.1M | $57.3M | $100.6M | $82.5M | $55.3M | $52.8M | $48.0M |
| Gross Margin | 86.7% | 72.6% | 81.7% | 72.6% | 78.8% | 80.1% | 77.2% | 79.2% |
| Operating Expenses | ||||||||
| Research & Development | $52.3M | $46.3M | $58.9M | $80.1M | $55.9M | $44.2M | $33.9M | $30.0M |
| SG&A Expense | $47.1M | $55.1M | $53.3M | $52.2M | $49.3M | $35.0M | $31.5M | $29.3M |
| Operating Income | $-41.7M | $-58.5M | $-68.1M | $-34.9M | $-22.7M | $-23.9M | $-12.5M | $-11.3M |
| Operating Margin | -59.3% | -98.6% | -97.0% | -25.2% | -21.7% | -34.6% | -18.3% | -18.6% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $-43.9M | $-65.2M | $-76.2M | $-33.3M | $-21.1M | $-23.7M | $-11.9M | $-10.9M |
| Income Tax Expense | $47.0K | $34.0K | $69.0K | $276.0K | $189.0K | $339.0K | $17.0K | $-37.0K |
| Net Income | $-44.0M | $-65.3M | $-76.2M | $-33.6M | $-21.3M | $-24.0M | $-11.9M | $-10.9M |
| Net Margin | -62.5% | -110.0% | -108.7% | -24.2% | -20.3% | -34.8% | -17.4% | -18.0% |
| EPS (Basic) | $-0.50 | $-0.89 | $-1.12 | $-0.51 | $-0.33 | $-0.40 | $-0.21 | $-0.21 |
| EPS (Diluted) | $-0.50 | $-0.89 | $-1.12 | $-0.51 | $-0.33 | $-0.40 | $-0.21 | $-0.21 |
| Shares Outstanding (Basic) | 87.1M | 73.4M | 68.1M | 65.3M | 64.6M | 59.4M | 56.5M | 54.1M |
| Shares Outstanding (Diluted) | 87.1M | 73.4M | 68.1M | 65.3M | 64.6M | 59.4M | 56.5M | 54.1M |
| Dividends Per Share | — | — | — | — | — | — | — | — |