Filing Flows › Codexis (CDXS) › Q2 2026
Codexis (CDXS) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 11, 2026
Codexis (CDXS) reported revenue of $14.9M for the second quarter 2026 (Q2 2026), -3% from a year earlier and -2% from the quarter before. Operating margin was -75.3%, net loss $12.0M (80.5% of revenue).
Codexis, Q2 2026: revenue $14.9M (-3% year over year), operating margin -75.3%, net loss $12.0M, operating cash flow −$9.6M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $14.9M | -2% | -3% |
| Operating profit | −$11.2M | — | — |
| Net earnings | −$12.0M | — | — |
| Operating cash flow | −$9.6M | — | — |
What changed
Revenue was $14.9M in Q2 2026, down 3% year over year and down 2% from the previous quarter. Product revenue was the largest line at 89% of revenue. Research and development revenue lost $6.3M year over year (down 79%), 1514% of the total change.
Operating costs exceeded revenue by $11.2M, an operating margin of -75.3%. Total costs fell 7% while revenue fell 3%. The fastest-growing cost line was Cost of revenue (+67%). The quarter ended with a net loss of $12.0M, wider than the previous quarter's $8.7M loss.
Operating cash flow was −$9.6M. Non-cash charges added back $1.2M of depreciation and amortization and $1.6M of share-based compensation. Capital expenditures of $898K exceeded it, leaving free cash flow of −$10.5M.
Questions
What was Codexis' revenue in the second quarter 2026?
Codexis (CDXS) reported revenue of $14.9M for the second quarter 2026 (Q2 2026), -3% from a year earlier and -2% from the quarter before.
Was Codexis profitable in the second quarter 2026?
Operating loss was $11.2M (-75.3% of revenue) and net loss $12.0M.
Source: Codexis 10-Q on SEC EDGAR.