Codexis (CDXS) Free Cash Flow (2010 - 2026)

Codexis (CDXS) recorded quarterly Free Cash Flow of -$13.3 million in Q1 2026, down 155.5% quarter-over-quarter from $24.0 million in Q4 2025, and up 16.04% on a YoY basis from -$11.5 million in Q1 2025.

Codexis (CDXS) Free Cash Flow (2010 - 2026) Analysis & Trends

Codexis' Free Cash Flow history runs 17 years deep, the most recent figure standing at -$13.3 million for Q1 2026.

  • In Q1 2026, Free Cash Flow rose 16.04% year-over-year to -$13.3 million; the TTM figure through Mar 2026 stood at -$16.9 million (up 72.55% YoY), while the FY2025 annual figure was -$19.4 million, up 63.87% from the prior year.
  • Free Cash Flow was -$13.3 million for Q1 2026 at Codexis, down from $24.0 million in the prior quarter.
  • In the past five years, Free Cash Flow ranged from a high of $26.6 million in Q3 2022 to a low of -$20.7 million in Q3 2023.
  • Historically, Free Cash Flow has averaged -$8.1 million across 5 years, with a median of -$12.6 million in 2024.
  • Biggest YoY gain for Free Cash Flow was 1144.67% in 2022; the steepest drop was 2446.76% in 2022.
  • A 5-year view of Free Cash Flow shows it stood at -$3.3 million in 2022, then sank by 124.0% to -$7.3 million in 2023, then sank by 149.65% to -$18.2 million in 2024, then jumped by 231.63% to $24.0 million in 2025, then slumped by 155.5% to -$13.3 million in 2026.
  • The last three Free Cash Flow figures came in at -$13.3 million (Q1 2026), $24.0 million (Q4 2025), and -$11.6 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Alterity Therapeutics 788,338.31 Bn 788,338.28 Bn - -
2 Belite Bio 56,560.00 Bn 56,560.00 Bn - -
3 Quantum Biopharma 17,329.30 Bn 17,329.30 Bn - -1.67 Mn
4 Legend Biotech 3,341.00 Bn 3,340.71 Bn 242.10 Mn -12.20 Mn
5 Akari Therapeutics 1,727.91 Bn 1,727.91 Bn - -2.49 Mn
6 Evaxion A 1,536.68 Bn 1,536.67 Bn - -
7 Psyence Biomedical 238.34 Bn 238.33 Bn - -
8 Vertex Pharmaceuticals 113.42 Bn 106.17 Bn 2.59 Bn 1.29 Bn
9 Abivax 95.45 Bn 95.45 Bn - 63,220.27
10 Codexis 226.01 Mn 160.87 Mn 13.18 Mn -13.33 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -13.33 Mn
Mar 31, 2026 -13.33 Mn
Dec 31, 2025 24.01 Mn
Dec 31, 2025 24.01 Mn
Sep 30, 2025 -11.61 Mn
Sep 30, 2025 -11.61 Mn
Jun 30, 2025 -15.94 Mn
Jun 30, 2025 -15.94 Mn
Mar 31, 2025 -15.87 Mn
Mar 31, 2025 -15.87 Mn
Dec 31, 2024 -18.24 Mn
Dec 31, 2024 -18.24 Mn
Sep 30, 2024 -14.75 Mn
Sep 30, 2024 -14.75 Mn
Jun 30, 2024 -12.57 Mn
Jun 30, 2024 -12.57 Mn
Mar 31, 2024 -8.16 Mn
Mar 31, 2024 -8.16 Mn
Dec 31, 2023 -7.31 Mn
Dec 31, 2023 -7.31 Mn