Codexis (CDXS) Research & Development (2010 - 2026)

Codexis' Research & Development history runs 17 years deep, the most recent figure standing at $11.4 million for Q1 2026.

• In Q1 2026, Research & Development fell 11.54% year-over-year to $11.4 million; the TTM figure through Mar 2026 stood at $50.8 million (up 5.95% YoY), while the FY2025 annual figure was $52.3 million, up 13.06% from the prior year.
• Research & Development was $11.4 million for Q1 2026 at Codexis, down from $11.7 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of $21.8 million in Q3 2022 to a low of $11.2 million in Q4 2023.
• Historically, Research & Development has averaged $14.6 million across 5 years, with a median of $13.7 million in 2023.
• The sharpest annual moves came in 2022 and 2023: Research & Development soared 68.52% in 2022, then sank 42.94% in 2023.
• A 5-year view of Research & Development shows it stood at $19.7 million in 2022, then plunged by 42.94% to $11.2 million in 2023, then climbed by 7.7% to $12.1 million in 2024, then dropped by 3.12% to $11.7 million in 2025, then retreated by 2.33% to $11.4 million in 2026.
• The last three Research & Development figures came in at $11.4 million (Q1 2026), $11.7 million (Q4 2025), and $13.9 million (Q3 2025), per Business Quant data.