Codexis Inc
NASDAQ:CDXS
Income Statement
Earnings Waterfall
Codexis Inc
Income Statement
Codexis Inc
| Sep-2009 | Dec-2009 | Mar-2010 | Jun-2010 | Sep-2010 | Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
0
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Revenue |
77
N/A
|
83
+7%
|
89
+8%
|
94
+6%
|
102
+7%
|
107
+5%
|
112
+5%
|
114
+1%
|
120
+5%
|
124
+3%
|
124
+0%
|
121
-3%
|
114
-6%
|
88
-22%
|
69
-22%
|
53
-23%
|
30
-43%
|
32
+5%
|
28
-14%
|
27
-1%
|
31
+13%
|
35
+15%
|
35
-1%
|
34
-2%
|
44
+29%
|
42
-6%
|
43
+3%
|
53
+23%
|
50
-5%
|
49
-3%
|
49
+0%
|
43
-12%
|
38
-11%
|
50
+31%
|
56
+12%
|
59
+6%
|
66
+12%
|
61
-9%
|
62
+3%
|
61
-2%
|
66
+8%
|
69
+4%
|
68
-1%
|
70
+4%
|
67
-5%
|
69
+4%
|
72
+5%
|
83
+14%
|
101
+22%
|
105
+3%
|
122
+16%
|
135
+11%
|
133
-2%
|
139
+4%
|
116
-16%
|
99
-15%
|
74
-25%
|
70
-5%
|
74
+6%
|
61
-18%
|
64
+6%
|
59
-8%
|
50
-16%
|
57
+15%
|
53
-7%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(17)
|
(17)
|
(18)
|
(21)
|
(25)
|
(28)
|
(34)
|
(35)
|
(37)
|
(42)
|
(43)
|
(42)
|
(38)
|
(31)
|
(24)
|
(21)
|
(16)
|
(15)
|
(11)
|
(10)
|
(11)
|
(10)
|
(9)
|
(8)
|
(8)
|
(7)
|
(8)
|
(9)
|
(10)
|
(10)
|
(10)
|
(12)
|
(13)
|
(14)
|
(15)
|
(14)
|
(14)
|
(13)
|
(13)
|
(13)
|
(15)
|
(16)
|
(14)
|
(13)
|
(11)
|
(14)
|
(15)
|
(18)
|
(21)
|
(22)
|
(27)
|
(33)
|
(36)
|
(38)
|
(34)
|
(26)
|
(18)
|
(13)
|
(13)
|
(13)
|
(15)
|
(16)
|
(14)
|
(13)
|
(11)
|
|
| Gross Profit |
60
N/A
|
66
+10%
|
71
+7%
|
74
+4%
|
77
+4%
|
79
+3%
|
78
-1%
|
79
+1%
|
83
+6%
|
82
-1%
|
81
-1%
|
79
-2%
|
76
-4%
|
58
-24%
|
45
-22%
|
31
-31%
|
15
-53%
|
17
+18%
|
16
-7%
|
17
+7%
|
20
+14%
|
26
+30%
|
26
+3%
|
27
+1%
|
37
+38%
|
35
-4%
|
35
+1%
|
44
+25%
|
40
-9%
|
39
-3%
|
39
-1%
|
31
-19%
|
25
-19%
|
36
+42%
|
41
+15%
|
45
+11%
|
52
+16%
|
48
-9%
|
49
+2%
|
48
-3%
|
51
+8%
|
53
+3%
|
54
+2%
|
57
+7%
|
55
-4%
|
55
0%
|
57
+3%
|
65
+14%
|
80
+23%
|
83
+3%
|
96
+16%
|
102
+6%
|
96
-5%
|
101
+4%
|
82
-18%
|
73
-11%
|
56
-24%
|
57
+3%
|
61
+7%
|
47
-22%
|
49
+3%
|
43
-12%
|
36
-17%
|
44
+24%
|
42
-5%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(80)
|
(85)
|
(85)
|
(88)
|
(88)
|
(86)
|
(87)
|
(90)
|
(95)
|
(98)
|
(101)
|
(99)
|
(96)
|
(85)
|
(78)
|
(71)
|
(62)
|
(58)
|
(54)
|
(52)
|
(49)
|
(45)
|
(45)
|
(42)
|
(42)
|
(43)
|
(45)
|
(46)
|
(46)
|
(48)
|
(48)
|
(49)
|
(54)
|
(59)
|
(61)
|
(63)
|
(62)
|
(59)
|
(61)
|
(62)
|
(64)
|
(65)
|
(69)
|
(72)
|
(76)
|
(79)
|
(82)
|
(89)
|
(96)
|
(105)
|
(117)
|
(122)
|
(128)
|
(132)
|
(129)
|
(130)
|
(121)
|
(112)
|
(104)
|
(101)
|
(100)
|
(101)
|
(110)
|
(109)
|
(102)
|
|
| Selling, General & Administrative |
(28)
|
(30)
|
(32)
|
(35)
|
(34)
|
(34)
|
(34)
|
(35)
|
(36)
|
(37)
|
(37)
|
(35)
|
(34)
|
(29)
|
(30)
|
(30)
|
(28)
|
(27)
|
(25)
|
(23)
|
(23)
|
(22)
|
(22)
|
(21)
|
(21)
|
(22)
|
(24)
|
(25)
|
(24)
|
(25)
|
(25)
|
(25)
|
(28)
|
(29)
|
(30)
|
(31)
|
(30)
|
(29)
|
(30)
|
(30)
|
(31)
|
(32)
|
(32)
|
(33)
|
(34)
|
(35)
|
(37)
|
(42)
|
(46)
|
(49)
|
(54)
|
(52)
|
(52)
|
(52)
|
(52)
|
(55)
|
(53)
|
(53)
|
(50)
|
(53)
|
(54)
|
(54)
|
(54)
|
(51)
|
(48)
|
|
| Research & Development |
(52)
|
(55)
|
(53)
|
(53)
|
(54)
|
(52)
|
(53)
|
(55)
|
(59)
|
(61)
|
(64)
|
(64)
|
(62)
|
(56)
|
(48)
|
(41)
|
(33)
|
(31)
|
(29)
|
(28)
|
(26)
|
(23)
|
(23)
|
(21)
|
(21)
|
(21)
|
(21)
|
(21)
|
(21)
|
(22)
|
(22)
|
(24)
|
(26)
|
(30)
|
(31)
|
(32)
|
(32)
|
(30)
|
(31)
|
(32)
|
(33)
|
(34)
|
(37)
|
(39)
|
(43)
|
(44)
|
(45)
|
(47)
|
(50)
|
(56)
|
(64)
|
(70)
|
(77)
|
(80)
|
(77)
|
(76)
|
(67)
|
(59)
|
(52)
|
(46)
|
(42)
|
(42)
|
(44)
|
(46)
|
(48)
|
|
| Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(2)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(7)
|
(7)
|
0
|
|
| Operating Income |
(20)
N/A
|
(18)
+8%
|
(14)
+25%
|
(15)
-5%
|
(12)
+21%
|
(7)
+38%
|
(9)
-32%
|
(11)
-22%
|
(11)
+1%
|
(16)
-41%
|
(20)
-24%
|
(20)
0%
|
(20)
+1%
|
(28)
-40%
|
(33)
-20%
|
(40)
-22%
|
(47)
-18%
|
(40)
+14%
|
(38)
+6%
|
(34)
+9%
|
(29)
+14%
|
(19)
+35%
|
(18)
+4%
|
(15)
+18%
|
(5)
+66%
|
(8)
-53%
|
(9)
-18%
|
(1)
+86%
|
(6)
-336%
|
(9)
-55%
|
(9)
-5%
|
(18)
-95%
|
(29)
-65%
|
(23)
+21%
|
(20)
+12%
|
(18)
+12%
|
(10)
+45%
|
(11)
-16%
|
(12)
-5%
|
(15)
-23%
|
(12)
+16%
|
(13)
-2%
|
(15)
-21%
|
(15)
+3%
|
(21)
-43%
|
(24)
-14%
|
(25)
-6%
|
(24)
+6%
|
(16)
+31%
|
(23)
-40%
|
(22)
+3%
|
(20)
+9%
|
(32)
-60%
|
(32)
+1%
|
(47)
-48%
|
(57)
-21%
|
(65)
-15%
|
(55)
+16%
|
(43)
+21%
|
(53)
-23%
|
(51)
+4%
|
(58)
-15%
|
(74)
-27%
|
(64)
+13%
|
(60)
+7%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
1
|
1
|
2
|
3
|
4
|
4
|
4
|
4
|
4
|
4
|
4
|
3
|
3
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
(3)
|
(3)
|
(16)
|
(13)
|
(13)
|
(13)
|
(4)
|
(7)
|
0
|
0
|
(3)
|
|
| Total Other Income |
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(0)
|
(1)
|
(0)
|
(1)
|
0
|
(1)
|
(1)
|
(1)
|
0
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
(4)
|
(12)
|
(13)
|
(14)
|
(11)
|
(3)
|
(4)
|
(4)
|
(4)
|
|
| Pre-Tax Income |
(21)
N/A
|
(20)
+5%
|
(16)
+23%
|
(17)
-7%
|
(13)
+22%
|
(8)
+36%
|
(10)
-22%
|
(11)
-13%
|
(12)
-2%
|
(16)
-40%
|
(20)
-24%
|
(21)
-1%
|
(20)
+3%
|
(31)
-53%
|
(33)
-8%
|
(40)
-22%
|
(47)
-18%
|
(41)
+12%
|
(38)
+8%
|
(35)
+10%
|
(30)
+14%
|
(19)
+35%
|
(18)
+5%
|
(15)
+17%
|
(5)
+65%
|
(8)
-50%
|
(9)
-18%
|
(1)
+86%
|
(6)
-318%
|
(9)
-55%
|
(9)
-6%
|
(18)
-94%
|
(29)
-65%
|
(23)
+21%
|
(20)
+12%
|
(18)
+13%
|
(10)
+46%
|
(11)
-14%
|
(11)
-4%
|
(14)
-24%
|
(12)
+17%
|
(12)
-1%
|
(14)
-21%
|
(14)
+3%
|
(20)
-46%
|
(24)
-16%
|
(25)
-6%
|
(23)
+7%
|
(15)
+36%
|
(21)
-42%
|
(20)
+3%
|
(19)
+8%
|
(31)
-66%
|
(33)
-7%
|
(48)
-43%
|
(57)
-19%
|
(81)
-44%
|
(76)
+6%
|
(65)
+15%
|
(76)
-17%
|
(62)
+19%
|
(65)
-5%
|
(74)
-14%
|
(65)
+13%
|
(64)
+2%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(0)
|
(0)
|
0
|
0
|
(0)
|
(0)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
(0)
|
(34)
|
(34)
|
(34)
|
(34)
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
|
| Income from Continuing Operations |
(21)
|
(20)
|
(16)
|
(17)
|
(13)
|
(9)
|
(11)
|
(12)
|
(12)
|
(17)
|
(21)
|
(21)
|
(21)
|
(31)
|
(33)
|
(40)
|
(47)
|
(41)
|
(38)
|
(34)
|
(29)
|
(19)
|
(18)
|
(15)
|
(5)
|
(8)
|
(9)
|
(1)
|
(5)
|
(9)
|
(9)
|
(18)
|
(29)
|
(57)
|
(54)
|
(52)
|
(44)
|
(11)
|
(11)
|
(14)
|
(12)
|
(12)
|
(14)
|
(14)
|
(21)
|
(24)
|
(25)
|
(23)
|
(15)
|
(21)
|
(21)
|
(19)
|
(31)
|
(34)
|
(48)
|
(57)
|
(82)
|
(76)
|
(65)
|
(76)
|
(62)
|
(65)
|
(74)
|
(65)
|
(64)
|
|
| Net Income (Common) |
(21)
N/A
|
(20)
+5%
|
(16)
+23%
|
(17)
-7%
|
(13)
+21%
|
(9)
+36%
|
(11)
-25%
|
(12)
-10%
|
(12)
0%
|
(17)
-41%
|
(21)
-24%
|
(21)
-2%
|
(21)
+2%
|
(31)
-50%
|
(33)
-7%
|
(40)
-21%
|
(47)
-17%
|
(41)
+12%
|
(38)
+8%
|
(34)
+11%
|
(29)
+14%
|
(19)
+35%
|
(18)
+4%
|
(15)
+17%
|
(5)
+66%
|
(8)
-47%
|
(9)
-18%
|
(1)
+85%
|
(5)
-284%
|
(9)
-61%
|
(9)
-5%
|
(18)
-94%
|
(29)
-66%
|
(23)
+21%
|
(20)
+12%
|
(18)
+13%
|
(9)
+47%
|
(11)
-15%
|
(11)
-4%
|
(14)
-24%
|
(12)
+17%
|
(12)
-1%
|
(14)
-22%
|
(14)
+1%
|
(21)
-45%
|
(24)
-16%
|
(25)
-6%
|
(23)
+8%
|
(15)
+36%
|
(21)
-42%
|
(21)
+3%
|
(19)
+8%
|
(31)
-65%
|
(34)
-8%
|
(48)
-42%
|
(57)
-19%
|
(82)
-44%
|
(76)
+7%
|
(65)
+15%
|
(76)
-17%
|
(62)
+19%
|
(65)
-5%
|
(74)
-14%
|
(65)
+13%
|
(64)
+2%
|
|
| EPS (Diluted) |
-8.18
N/A
|
-7.8
+5%
|
-5.74
+26%
|
-0.62
+89%
|
-0.38
+39%
|
-0.35
+8%
|
-0.3
+14%
|
-0.33
-10%
|
-0.33
N/A
|
-0.46
-39%
|
-0.58
-26%
|
-0.59
-2%
|
-0.57
+3%
|
-0.84
-47%
|
-0.87
-4%
|
-1.05
-21%
|
-1.23
-17%
|
-1.08
+12%
|
-0.99
+8%
|
-0.88
+11%
|
-0.76
+14%
|
-0.5
+34%
|
-0.47
+6%
|
-0.39
+17%
|
-0.14
+64%
|
-0.19
-36%
|
-0.23
-21%
|
-0.04
+83%
|
-0.14
-250%
|
-0.21
-50%
|
-0.23
-10%
|
-0.37
-61%
|
-0.6
-62%
|
-0.49
+18%
|
-0.41
+16%
|
-0.33
+20%
|
-0.17
+48%
|
-0.21
-24%
|
-0.21
N/A
|
-0.26
-24%
|
-0.21
+19%
|
-0.21
N/A
|
-0.25
-19%
|
-0.24
+4%
|
-0.35
-46%
|
-0.4
-14%
|
-0.41
-2%
|
-0.37
+10%
|
-0.24
+35%
|
-0.33
-38%
|
-0.33
N/A
|
-0.3
+9%
|
-0.48
-60%
|
-0.51
-6%
|
-0.72
-41%
|
-0.85
-18%
|
-1.17
-38%
|
-1.12
+4%
|
-0.94
+16%
|
-1.09
-16%
|
-0.88
+19%
|
-0.89
-1%
|
-0.9
-1%
|
-0.76
+16%
|
-0.7
+8%
|
|