Codexis, Inc. (CDXS) quarterly cash flow statement — complete operating, investing & financing history
Codexis, Inc. (CDXS) cash flow statement — 20-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | -9.64M | -13.15M | 20.09M | -7.7M | -17.97M | -13.8M | -16.47M | -12.98M | -12.17M | -7.79M | -11.04M | -16.3M | -16.09M | -9.21M | 4.92M | 19.73M | -2.18M | -11.19M | 660K | -192K |
| Operating CF Margin % | -64.65% | -86.24% | 51.63% | -89.56% | -117.22% | -182.92% | -76.74% | -101.18% | -152.5% | -45.62% | -41.55% | -175.72% | -75.44% | -70.96% | 16.19% | 57.25% | -5.68% | -31.65% | 2.69% | -0.52% |
| Operating CF Growth % | 46.33% | 4.7% | 222.01% | 40.68% | -47.66% | -77.15% | -49.21% | 20.35% | 24.36% | 15.45% | -324.47% | -182.61% | -637.6% | 17.65% | 645% | 10378.13% | 73.71% | -73.7% | 144.24% | 94.47% |
| Net Income | -12.01M | -8.7M | 9.6M | -19.61M | -13.27M | -20.69M | -10.38M | -20.64M | -22.75M | -11.51M | -7.19M | -34.91M | -11.52M | -22.62M | -12.61M | -9.99M | -2.64M | -8.36M | -10.19M | 2.24M |
| Depreciation & Amortization | 2.16M | 1.29M | 2.07M | 2.09M | 1.34M | 1.91M | -1.16M | -315K | 2.05M | 2.02M | 1.97M | 2.49M | 2.75M | 2.71M | 2.67M | 2.62M | 2.55M | 2.42M | 1.82M | 1.44M |
| Stock-Based Compensation | 1.58M | 1.43M | 2.2M | 2.51M | 2.53M | 2.38M | 2.53M | 2.71M | 4.68M | 3.17M | 2.16M | 2.28M | 2.72M | 2.81M | 0 | 4.53M | 3.23M | 3.84M | 3.05M | 3.02M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -5.43M | 13.79M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 163K | 1.07M | 531K | 23K | 753K | -165K | 6.16M | 5.99M | 6K | 31K | 13.69M | 12K | -78K | -55K | 3.24M | 3.86M | -327K | -252K | -1.18M | -932K |
| Working Capital Changes | -1.54M | -8.23M | 5.69M | 7.28M | -9.32M | 2.77M | -13.62M | -728K | 3.85M | -1.51M | -16.24M | 35K | -9.95M | 7.94M | 11.61M | 18.72M | -4.99M | -8.83M | 7.16M | -5.96M |
| Change in Receivables | -1.27M | 2.48M | -839K | 0 | -4.79M | 7.43M | -1.57M | -4.32M | 1.57M | 5.57M | -1.33M | -777K | 0 | 20.86M | -11.41M | 19.15M | -4.5M | 0 | 0 | 0 |
| Change in Inventory | 398K | -183K | 118K | 9K | -164K | 18K | 304K | 129K | 209K | 244K | -380K | -253K | -56K | 33K | -406K | 95K | -158K | -400K | -76K | -7K |
| Change in Payables | 737K | 312K | -793K | 905K | -3.46M | 2.06M | -1.23M | 936K | -237K | -2.04M | 2.39M | -736K | -63K | 694K | 558K | 0 | 71K | -1.03M | -307K | 139K |
| Cash from Investing | 175K | -1.11M | 5.71M | 6.39M | -367K | 11.77M | -2.86M | 1.53M | -27.09M | -28.56M | 1.1M | -1.11M | -1.57M | -3.28M | 33K | -1.31M | -2.22M | -10.08M | -5.48M | -11M |
| Capital Expenditures | -898K | -176K | -520K | -182K | -2.51M | -1.26M | -1.77M | -1.01M | -395K | -1.13M | 380K | -678K | -1.58M | -2.54M | 33K | -1.31M | -1.94M | -5.09M | -5.48M | -4M |
| CapEx % of Revenue | 6.02% | 1.15% | 1.34% | 2.12% | 16.39% | 16.65% | 8.27% | 7.84% | 4.95% | 6.62% | 1.43% | 7.31% | 7.41% | 19.56% | 0.11% | 3.8% | 5.05% | 14.4% | 22.37% | 10.89% |
| Acquisitions | 0 | 0 | 4K | 0 | 3K | 1K | 3K | -15K | 4K | 11K | 724K | 12K | 0 | 5K | 0 | 0 | 21K | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 15K | 0 | -4K | 1K | 0 | 0 | 0 | 84K | 0 | 0 | 0 | 12K | 10K | 5K | 0 | 1K | 0 | 7K | 0 | 7K |
| Cash from Financing | 66K | -14K | 180K | -111K | 26.77M | 1.08M | 1.13M | 30.31M | -197K | 29.28M | 0 | -108K | 6.92M | 1.35M | 339K | 133K | 233K | -1.28M | 2.43M | 868K |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 9.9M | 0 | -29.52M | 0 | -181K | 29.52M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 148K | -14K | 180K | -111K | 16.88M | 1.08M | -1K | 31.32M | -16K | 221K | 0 | -108K | 7.11M | 1.54M | 343K | -47K | 251K | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -47K | 0 | 0 | 0 | 0 |
| Other Financing | -82K | 0 | 0 | 0 | -3K | 0 | 30.65M | -1.01M | 0 | -461K | 0 | 0 | -189K | -188K | -4K | 180K | -18K | -1.28M | 2.43M | 868K |
| Net Change in Cash | -9.4M | -14.28M | 25.98M | -1.43M | 8.44M | -944K | -18.2M | 18.85M | -39.45M | -7.07M | -9.93M | -17.52M | -10.73M | -11.14M | 5.29M | 18.56M | -4.17M | -22.55M | -2.39M | -10.32M |
| Free Cash Flow | -10.54M | -13.33M | 19.57M | -7.88M | -20.48M | -15.05M | -18.24M | -13.99M | -12.56M | -8.92M | -10.66M | -16.98M | -17.67M | -11.75M | 4.95M | 18.42M | -4.12M | -16.27M | -4.82M | -4.2M |
| FCF Margin % | -70.67% | -87.4% | 50.29% | -91.68% | -133.61% | -199.58% | -85% | -109.02% | -157.45% | -52.24% | -40.12% | -183.03% | -82.86% | -90.52% | 16.3% | 53.45% | -10.73% | -46.05% | -19.67% | -11.41% |
| FCF Growth % | 48.53% | 11.48% | 207.29% | 43.64% | -63.02% | -68.79% | -71.17% | 17.6% | 28.89% | 24.1% | -315.29% | -192.16% | -328.63% | 27.8% | 202.7% | 539.08% | 59.14% | -81.03% | -61.75% | 1.13% |
| FCF per Share | -0.12 | -0.15 | 0.22 | -0.09 | -0.24 | -0.18 | -0.22 | -0.19 | -0.18 | -0.13 | -0.15 | -0.24 | -0.26 | -0.18 | 0.08 | 0.28 | -0.06 | -0.25 | -0.07 | -0.06 |
| FCF Conversion (FCF/Net Income) | 0.80x | 1.51x | 2.09x | 0.39x | 1.35x | 0.67x | 1.59x | 0.63x | 0.53x | 0.68x | 1.53x | 0.47x | 1.40x | 0.41x | -0.39x | -1.97x | 0.83x | 1.34x | -0.06x | -0.09x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 933K | 0 | 0 | 147K | 16K | 0 | 3K | 7K | 0 | 10K | 0 | 5K | 8K | 3K |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | -17K | 0 | 0 | 17K | 1K | 0 | 0 | 193K | 0 | 0 | 0 | 0 | 1K | 101K |