Codexis (CDXS) Research & Development (2009 - 2026)
Codexis' Research & Development came in at $12.59 million for Q3 2026, down 9.2% from $13.87 million a year earlier but up 7.5% from the prior quarter.
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Analysis
Codexis (CDXS) Research & Development (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Codexis reported Research & Development of $47.46 million, down 9.9% year-over-year; for FY2025, it was $52.31 million, up 13.1% from FY2024.
- Research & Development carries a five-year compound annual growth rate of 3.4% (FY2020 to FY2025).
- Going back by year, Research & Development was $46.26 million in FY2024 (-21.4%), $58.89 million in FY2023 (-26.5%), $80.1 million in FY2022 (+43.2%) and $55.92 million in FY2021 (+26.6%).
- The five-year range for quarterly Research & Development is $11.23 million (Q4 2023) to $21.82 million (Q3 2022).
- Year-over-year, Research & Development has declined for four consecutive quarters, with growth averaging 3.1% over the last eight quarters.
- The fastest year-over-year change in Research & Development over five years came in Q1 2022 (growth of 68.5%), and the weakest in Q4 2023 (a decline of 42.9%).
- Business Quant data shows CDXS's Research & Development at $11.71 million (Q2 2026), $11.45 million (Q1 2026) and $11.72 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 259.44 Bn | 236.08 Bn | 5.13 Bn | 348.00 Mn |
| 2 | Abbott Laboratories | 187.98 Bn | 162.45 Bn | 7.39 Bn | 920.00 Mn |
| 3 | Danaher | 163.91 Bn | 143.58 Bn | 3.84 Bn | 433.00 Mn |
| 4 | Intuitive Surgical | 153.75 Bn | 134.17 Bn | 2.08 Bn | 408.30 Mn |
| 5 | Medtronic | 131.67 Bn | 97.80 Bn | 6.34 Bn | 771.00 Mn |
| 6 | Stryker | 117.84 Bn | 104.03 Bn | 4.25 Bn | 433.00 Mn |
| 7 | Boston Scientific | 64.27 Bn | 59.95 Bn | 3.43 Bn | 520.00 Mn |
| 8 | Edwards Lifesciences | 61.69 Bn | 45.00 Bn | 1.35 Bn | 281.40 Mn |
| 9 | Medline | 51.94 Bn | 49.07 Bn | 1.93 Bn | - |
| 10 | Codexis | 127.04 Mn | -143.91 Mn | 15.25 Mn | 12.59 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 12.59 Mn |
| Jun 30, 2026 | 11.71 Mn |
| Mar 31, 2026 | 11.45 Mn |
| Dec 31, 2025 | 11.72 Mn |
| Sep 30, 2025 | 13.87 Mn |
| Jun 30, 2025 | 13.78 Mn |
| Mar 31, 2025 | 12.94 Mn |
| Dec 31, 2024 | 12.10 Mn |
| Sep 30, 2024 | 11.51 Mn |
| Jun 30, 2024 | 11.41 Mn |
| Mar 31, 2024 | 11.25 Mn |
| Dec 31, 2023 | 11.23 Mn |
| Sep 30, 2023 | 13.66 Mn |
| Jun 30, 2023 | 17.33 Mn |
| Mar 31, 2023 | 16.66 Mn |
| Dec 31, 2022 | 19.69 Mn |
| Sep 30, 2022 | 21.82 Mn |
| Jun 30, 2022 | 19.09 Mn |
| Mar 31, 2022 | 19.50 Mn |
| Dec 31, 2021 | 16.36 Mn |
API Access
Codexis Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=CDXS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "CDXS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=CDXS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();