Filing Flows › Codexis (CDXS) › Q1 2026 › vs Q4 2025
Codexis (CDXS) Q1 2026 vs Q4 2025 (quarter over quarter)
Codexis's revenue fell $23.7M (-61%) from $38.9M in Q4 2025 to $15.2M in Q1 2026.
Codexis, Q1 2026: revenue $15.2M (+102% year over year), operating margin -52.7%, net loss $8.7M, operating cash flow −$13.2M. The chart draws each line against Q4 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $15.2M | $38.9M | −$23.7M | -61% |
| Net loss | $8.7M | −$9.6M | $18.3M | — |
| Costs & expenses | $24.0M | $38.9M | −$15.0M | -38% |
| Operating costs | $23.3M | $28.4M | −$5.1M | -18% |
| Interest & other, net | $625K | $940K | −$315K | -34% |
| Income tax | $36K | $18K | $18K | +100% |
| Cost of revenue | $2.1M | $2.0M | $21K | +1% |
| Research & development | $11.4M | $11.7M | −$273K | -2% |
| SG&A | $9.8M | $11.2M | −$1.4M | -13% |
| Operating cash sources | $15.9M | −$16.5M | $32.4M | — |
| Depreciation & amortization | $1.3M | $1.4M | −$71K | -5% |
| Share-based compensation | $1.4M | $2.2M | −$772K | -35% |
| Cash used in operations | $13.2M | −$20.1M | $33.2M | — |
| Net loss absorbed | $8.7M | −$9.6M | $18.3M | — |
| Working capital & other | $7.2M | −$6.9M | $14.1M | — |
Questions
How much did Codexis's revenue grow quarter over quarter in Q1 2026?
Codexis's revenue fell $23.7M (-61%) from $38.9M in Q4 2025 to $15.2M in Q1 2026.