Filing Flows › Codexis (CDXS) › How it makes money
How Codexis (CDXS) makes money
Codexis (CDXS) made $14.9M of revenue in the second quarter 2026 (Q2 2026), -3% from a year earlier. Product revenue brought in $13.2M (89%); Research and development revenue brought in $1.7M (11%).
Drawing the Sankey…
Revenue by segment, Q2 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Product revenue | $13.2M | 88.6% | +84% | +79% |
| Research and development revenue | $1.7M | 11.4% | -79% | -79% |
Where each dollar of revenue goes
| Line | Q2 2026 | % of revenue |
|---|---|---|
| Revenue | $14.9M | 100.0% |
| Income tax | $10K | 0.1% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 2026 | $14.9M | -3% |
| Q1 2026 | $15.2M | +102% |
| Q4 2025 | $38.9M | +81% |
| Q3 2025 | $8.6M | -33% |
| Q2 2025 | $15.3M | +92% |
| Q1 2025 | $7.5M | -56% |
| Q4 2024 | $21.5M | -19% |
From Codexis' 10-Q filed Aug 11, 2026 (on EDGAR).
Questions
How does Codexis make money?
Codexis (CDXS) made $14.9M of revenue in the second quarter 2026 (Q2 2026), -3% from a year earlier. Product revenue brought in $13.2M (89%); Research and development revenue brought in $1.7M (11%).
What is Codexis' biggest business?
Product revenue: $13.2M in the second quarter 2026, 89% of revenue, +79% from a year earlier.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.