Co-Diagnostics (CODX) Gross Margin (2017 - 2026)
Co-Diagnostics' Gross Margin was -7.23% in Q3 2026, down 89.15 percentage points from 81.92% a year earlier and down 79.96 percentage points from the prior quarter.
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Co-Diagnostics (CODX) Gross Margin (2017 - 2026) Analysis & Trends
On a trailing twelve-month basis, Co-Diagnostics' Gross Margin was 20.27% through Sep 30, 2026, down 13.76 percentage points year-over-year; for FY2025, it was 64.28%, down 10.20 percentage points from FY2024.
- Gross Margin shows a five-year change of -13.47 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 74.48% in FY2024 (+35.92 pp), 38.57% in FY2023 (-45.42 pp), 83.98% in FY2022 (-4.19 pp) and 88.18% in FY2021 (+10.43 pp).
- Quarterly Gross Margin has moved between -132.09% (Q2 2023) and 92.02% (Q2 2024) over five years.
- Compared with a year earlier, Gross Margin has declined for three straight quarters, with an average year-over-year change of -16.66 percentage points over the last eight quarters.
- The best year-over-year quarter for Gross Margin over five years was Q2 2024 (a gain of 224.11 percentage points); the worst was Q2 2023 (a drop of 213.87 percentage points).
- Per Business Quant data, CODX's Gross Margin in the three quarters before Q3 2026 was 72.73% (Q2 2026), -32.76% (Q1 2026) and 46.05% (Q4 2025).
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Co-Diagnostics Gross Margin 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=gross-margin&ticker=CODX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "CODX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=CODX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();