Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $48.8M | $50.0M | $60.6M | $68.5M | $69.1M | $105M | $139M | $70.1M | $59.3M | $70.4M |
| Revenue growth | — | 2.4% | 21.1% | 13.0% | 0.9% | 51.7% | 32.3% | -49.4% | -15.4% | 18.6% |
| Operating income | -$8.56M | -$23.0M | -$11.3M | -$12.5M | -$23.9M | -$22.7M | -$34.9M | -$68.1M | -$58.5M | -$41.7M |
| Operating margin | -17.5% | -45.9% | -18.6% | -18.3% | -34.6% | -21.7% | -25.2% | -97.0% | -98.6% | -59.3% |
| Net income | -$8.56M | -$23.0M | -$10.9M | -$11.9M | -$24.0M | -$21.3M | -$33.6M | -$76.2M | -$65.3M | -$44.0M |
| Net margin | -17.5% | -46.0% | -18.0% | -17.4% | -34.8% | -20.3% | -24.2% | -108.7% | -110.0% | -62.5% |
| EPS (diluted) | -$0.21 | -$0.50 | -$0.21 | -$0.21 | -$0.40 | -$0.33 | -$0.51 | -$1.12 | -$0.89 | -$0.50 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$1.86M | -$8.76M | -$14.1M | -$12.6M | -$16.5M | -$14.3M | $11.3M | -$52.6M | -$49.4M | -$19.4M |
| Capital expenditures | $888K | $985K | $2.77M | $3.73M | $3.75M | $13.8M | $8.31M | $4.42M | $4.30M | $4.47M |
| Free cash flow | -$2.75M | -$9.74M | -$16.9M | -$16.3M | -$20.2M | -$28.1M | $2.98M | -$57.1M | -$53.7M | -$23.8M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $19.2M | $31.2M | $53.0M | $90.5M | $149M | $117M | $114M | $65.1M | $19.3M | $50.8M |
| Total assets | $35.6M | $53.6M | $79.3M | $149M | $222M | $246M | $250M | $137M | $149M | $148M |
| Total liabilities | $16.5M | $29.1M | $23.0M | $43.6M | $51.5M | $82.0M | $106M | $49.9M | $82.1M | $97.3M |
| Long-term debt | $0.00 | $302K | — | — | — | — | — | $0.00 | $28.9M | $40.1M |
| Shareholders' equity | $19.1M | $24.5M | $56.3M | $106M | $170M | $164M | $145M | $86.6M | $66.9M | $50.5M |
| Retained earnings | -$292M | -$315M | -$330M | -$342M | -$366M | -$388M | -$421M | -$498M | -$563M | -$607M |
| Shares (wtd avg diluted) | 41.3M | 48.4M | 54.1M | 56.5M | 59.4M | 64.6M | 65.3M | 68.1M | 73.4M | 87.1M |
Every figure is extracted from CODEXIS, INC.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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