Codexis (CDXS) Debt Ratio (2017 - 2026)

Codexis (CDXS) recorded quarterly Debt Ratio of 0.31 in Q1 2026, up 15.32% quarter-over-quarter from 0.27 in Q4 2025, and up 38.19% on a YoY basis from 0.23 in Q1 2025.

Codexis (CDXS) Debt Ratio (2017 - 2026) Analysis & Trends

Codexis' Debt Ratio history runs 5 years deep, the most recent figure standing at 0.31 for Q1 2026.

  • In Q1 2026, Debt Ratio rose 38.19% year-over-year to 0.31; the TTM figure through Mar 2026 stood at 0.31 (up 38.19% YoY), while the FY2025 annual figure was 0.27, up 39.89% from the prior year.
  • Debt Ratio was 0.31 for Q1 2026 at Codexis, up from 0.27 in the prior quarter.
  • In the past five years, Debt Ratio ranged from a high of 0.32 in Q3 2025 to a low of 0.19 in Q1 2024.
  • Historically, Debt Ratio has averaged 0.25 across 3 years, with a median of 0.23 in 2025.
  • Biggest YoY gain for Debt Ratio was 65.88% in 2025; the steepest drop was 20.51% in 2025.
  • A 3-year view of Debt Ratio shows it stood at 0.19 in 2024, then soared by 39.89% to 0.27 in 2025, then climbed by 15.32% to 0.31 in 2026.
  • The last three Debt Ratio figures came in at 0.31 (Q1 2026), 0.27 (Q4 2025), and 0.32 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Alterity Therapeutics 719,706.53 Bn 719,706.50 Bn - -
2 Belite Bio 55,800.00 Bn 55,800.00 Bn - -
3 Quantum Biopharma 18,182.30 Bn 18,182.29 Bn - -
4 Legend Biotech 3,154.00 Bn 3,153.71 Bn 242.10 Mn 0.18
5 Akari Therapeutics 1,844.30 Bn 1,844.29 Bn - -
6 Evaxion A 1,567.96 Bn 1,567.94 Bn - -
7 Psyence Biomedical 251.43 Bn 251.42 Bn - -
8 Vertex Pharmaceuticals 112.56 Bn 105.31 Bn 2.59 Bn -
9 Abivax 94.37 Bn 94.37 Bn - -
10 Codexis 236.00 Mn 170.86 Mn 13.18 Mn 0.31

Historic Data

Download Data
DateValue
Mar 31, 2026 0.31
Dec 31, 2025 0.27
Sep 30, 2025 0.32
Jun 30, 2025 0.28
Mar 31, 2025 0.23
Dec 31, 2024 0.19
Sep 30, 2024 0.19
Jun 30, 2024 0.21
Mar 31, 2024 0.19
Sep 30, 2018 0.00
Jun 30, 2018 0.00
Mar 31, 2018 0.01
Dec 31, 2017 0.01
Sep 30, 2017 0.01
Jun 30, 2017 0.01
Mar 31, 2017 0.01