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Gevo vs Codexis: GEVO and CDXS compared
Gevo is the larger company: $46.5M of revenue in its latest quarter (Q2 2026) against $14.9M for Codexis (Q2 2026). Gevo is growing faster (+7% against -3% a year earlier). Codexis is more profitable, with an operating margin of -75.3% against -369.3%.
Where the money goes: GEVO and CDXS
Gevo (GEVO) · Q2 2026
Gevo, Q2 2026: revenue $46.5M (+7% year over year), operating margin -369.3%, net loss $176M, operating cash flow −$8.3M. The chart follows the revenue to costs, profit and cash.
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.
| Gevo (GEVO) | Codexis (CDXS) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q2 2026 |
| Revenue | $46.5M | $14.9M |
| Revenue growth, Y/Y | +7% | -3% |
| Operating margin | -369.3% | -75.3% |
| Net earnings | −$176M | −$12.0M |
| Net margin | -379.0% | -80.5% |
| Operating cash flow | −$8.3M | −$9.6M |
| Market value | — | $128M |
| Analysts’ mean target | — | $6.14 |
Where the revenue comes from
Gevo
- Ethanol: $29.5M (63%)
- Ethanol related products: $9.7M (21%)
- Environmental attributes: $5.6M (12%)
- Other: $1.5M (3%)
Codexis
- Product revenue: $13.2M (89%)
- Research and development revenue: $1.7M (11%)
Questions
Which is bigger, Gevo or Codexis?
Gevo is the larger company: $46.5M of revenue in its latest quarter (Q2 2026) against $14.9M for Codexis (Q2 2026).
Is Gevo or Codexis growing faster?
Gevo is growing faster (+7% against -3% a year earlier).
Which is more profitable, Gevo or Codexis?
Codexis is more profitable, with an operating margin of -75.3% against -369.3%.
More: Gevo earnings · how Gevo makes money · Codexis earnings · how Codexis makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 6, 2026; 10-Q filed Aug 11, 2026). Fiscal quarters can end on different dates. Not investment advice.