Codexis (CDXS) Equity Ratio (2010 - 2026)

Codexis (CDXS) recorded quarterly Equity Ratio of 0.33 in Q1 2026, down 2.25% quarter-over-quarter from 0.34 in Q4 2025, and down 13.21% on a YoY basis from 0.39 in Q1 2025.

Codexis (CDXS) Equity Ratio (2010 - 2026) Analysis & Trends

Codexis' Equity Ratio history runs 17 years deep, the most recent figure standing at 0.33 for Q1 2026.

  • In Q1 2026, Equity Ratio fell 13.21% year-over-year to 0.33; the TTM figure through Mar 2026 stood at 0.33 (down 13.21% YoY), while the FY2025 annual figure was 0.34, down 23.88% from the prior year.
  • Equity Ratio was 0.33 for Q1 2026 at Codexis, down from 0.34 in the prior quarter.
  • In the past five years, Equity Ratio ranged from a high of 0.68 in Q2 2022 to a low of 0.31 in Q3 2025.
  • Historically, Equity Ratio has averaged 0.51 across 5 years, with a median of 0.53 in 2024.
  • The sharpest annual moves came in 2023 and 2025: Equity Ratio advanced 9.68% in 2023, then tumbled 37.23% in 2025.
  • A 5-year view of Equity Ratio shows it stood at 0.58 in 2022, then rose by 9.68% to 0.63 in 2023, then fell by 29.19% to 0.45 in 2024, then declined by 23.88% to 0.34 in 2025, then retreated by 2.25% to 0.33 in 2026.
  • The last three Equity Ratio figures came in at 0.33 (Q1 2026), 0.34 (Q4 2025), and 0.31 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Ratio (Qtr)
1 Alterity Therapeutics 719,706.53 Bn 719,706.50 Bn - 191.07
2 Belite Bio 55,800.00 Bn 55,800.00 Bn - 0.98
3 Quantum Biopharma 18,182.30 Bn 18,182.29 Bn - 0.04
4 Legend Biotech 3,154.00 Bn 3,153.71 Bn 242.10 Mn 0.58
5 Akari Therapeutics 1,844.30 Bn 1,844.29 Bn - 0.42
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 0.73
9 Abivax 94.37 Bn 94.37 Bn - 0.79
10 Codexis 236.00 Mn 170.86 Mn 13.18 Mn 0.33

Historic Data

Download Data
DateValue
Mar 31, 2026 0.33
Dec 31, 2025 0.34
Sep 30, 2025 0.31
Jun 30, 2025 0.40
Mar 31, 2025 0.39
Dec 31, 2024 0.45
Sep 30, 2024 0.50
Jun 30, 2024 0.47
Mar 31, 2024 0.53
Dec 31, 2023 0.63
Sep 30, 2023 0.59
Jun 30, 2023 0.60
Mar 31, 2023 0.58
Dec 31, 2022 0.58
Sep 30, 2022 0.66
Jun 30, 2022 0.68
Mar 31, 2022 0.67
Dec 31, 2021 0.67
Sep 30, 2021 0.74
Jun 30, 2021 0.77