Codexis (CDXS) Gross Margin (2010 - 2026)

Codexis' Gross Margin history runs 17 years deep, the most recent figure standing at 86.46% for Q1 2026.

• On a quarterly basis, Gross Margin rose 2268.0% year-over-year to 86.46% in Q1 2026; TTM through Mar 2026 was 88.9%, a 1733.0% increase from a year earlier, with the FY2025 full-year figure at 86.73%, up 1418.0% from the prior year.
• Gross Margin fell to 86.46% in Q1 2026 per CDXS's latest filing, from 94.75% in the prior quarter.
• Across five years, Gross Margin topped out at 94.75% in Q4 2025 and bottomed at 36.44% in Q2 2023.
• The 5-year median for Gross Margin is 71.34% (2025), against an average of 69.16%.
• Across the five-year window, Gross Margin sank 3422 bps in 2023 and surged 4021 bps in 2024, its largest moves.
• Year by year, Gross Margin stood at 57.29% in 2022, then fell by 25 bps to 42.76% in 2023, then soared by 94 bps to 82.97% in 2024, then increased by 14 bps to 94.75% in 2025, then fell by 9 bps to 86.46% in 2026.
• Per Business Quant, the three latest CDXS Gross Margin figures stand at 86.46% (Q1 2026), 94.75% (Q4 2025), and 71.34% (Q3 2025).