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Codexis vs LanzaTech Global: CDXS and LNZA compared
Codexis is the larger company: $14.9M of revenue in its latest quarter (Q2 2026) against $9.0M for LanzaTech Global (Q2 2026). LanzaTech Global is growing faster (-0.8% against -3% a year earlier). Codexis is more profitable, with an operating margin of -75.3% against -109.5%.
Where the money goes: CDXS and LNZA
Codexis (CDXS) · Q2 2026
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.
LanzaTech Global (LNZA) · Q2 2026
LanzaTech Global, Q2 2026: revenue $9.0M (-0.8% year over year), operating margin -109.5%, net earnings $184M, operating cash flow −$1.4M. The chart follows the revenue to costs, profit and cash.
| Codexis (CDXS) | LanzaTech Global (LNZA) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q2 2026 |
| Revenue | $14.9M | $9.0M |
| Revenue growth, Y/Y | -3% | -0.8% |
| Operating margin | -75.3% | -109.5% |
| Net earnings | −$12.0M | $184M |
| Net margin | -80.5% | — |
| Operating cash flow | −$9.6M | −$1.4M |
| Market value | $128M | — |
| Analysts’ mean target | $6.14 | — |
Where the revenue comes from
Codexis
- Product revenue: $13.2M (89%)
- Research and development revenue: $1.7M (11%)
LanzaTech Global
- Biorefining revenue: $3.9M (43%)
- Engineering and other services: $3.3M (36%)
- Joint development and contract research revenue: $1.3M (14%)
- Licensing: $595K (7%)
Questions
Which is bigger, Codexis or LanzaTech Global?
Codexis is the larger company: $14.9M of revenue in its latest quarter (Q2 2026) against $9.0M for LanzaTech Global (Q2 2026).
Is Codexis or LanzaTech Global growing faster?
LanzaTech Global is growing faster (-0.8% against -3% a year earlier).
Which is more profitable, Codexis or LanzaTech Global?
Codexis is more profitable, with an operating margin of -75.3% against -109.5%.
More: Codexis earnings · how Codexis makes money · LanzaTech Global earnings · how LanzaTech Global makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 11, 2026; 10-Q filed Aug 14, 2026). Fiscal quarters can end on different dates. Not investment advice.