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CODXCo-Diagnostics, Inc.
$0.26$286652
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
CODX logo

Co-Diagnostics, Inc.

CODX
NASDAQ · Diagnostics & Lab Testing
$0.26
At close - Nov 6, 4:00 PM EST - USD
Market Cap$286652
P/E-0.0x
52W High$13.54
Volume521.63K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q1

Persistent Revenue Contraction Threatens Corporate Liquidity Runway

Co-Diagnostics faces a critical inflection point as legacy pandemic-driven revenue has collapsed to $146,000 in 2026Q1, leaving the firm reliant on an unproven point-of-care hardware platform.

GrowthContracting
ProfitabilityNegative
ValuationReview
TechnicalsWeak
Explore valuation models
MARKET ACTION

CODX price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

7/12 Beats

EPS beat 7 of last 12 quarters

02

Valuation risk

-100% Peers

P/E is 100% below peer median

03

Market leadership

RS 2 · Lag

Laggard (Underperforming 98% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystConfirmed earnings · Nov 10

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
CODX-95.38%
S&P 500 (^GSPC)+7.63%
1-Year Return
CODX-97.83%
S&P 500 (^GSPC)+9.69%
3-Year Return
CODX-99.30%
S&P 500 (^GSPC)+67.69%
5-Year Return
CODX-99.90%
S&P 500 (^GSPC)+55.40%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
-0.0x
Forward P/E
N/A
EV/EBITDA
N/A
FCF YieldCash Flow
N/A

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
-0.0x
7.3x
0th· Low
EV/EBITDA
N/A
3.8x
N/A
Price/FCF
N/A
15.4x
N/A
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
No DCF Model AvailableIntrinsic value modeling is not supported for this equity.

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$622K-84.1% YoY
Net income FY25
-$47M-24.6% YoY
Free cash flow FY25
-$30M+0.2% YoY
Operating margin FY25
-5025.5%-4001.8 pts YoY
ROIC (FY25)-73.9%
Avg ROIC 5Y-17.9%
ROE (TTM)-211%
Piotroski Score1 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate7/12 (58%)
Revenue Beat Rate6/12 (50%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 13, 2026
-$1.46+51.3%
vs -$3.00
$166,131+25.3%
vs $132,576
Q2 2026
May 14, 2026
-$4.06-8.3%
vs -$3.75
$145,954+14.9%
vs $127,052
Q2 2026
Mar 31, 2026
-$16.35-354.2%
vs -$3.60
$262,489+108.5%
vs $125,883
Q4 2025
Nov 13, 2025
-$4.80+15.9%
vs -$5.71
$145,380+15.4%
vs $126,000
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
PRNewsWire·Oct 27, 2026
Co-Diagnostics' Joint Venture CoSara Diagnostics Completes Clinical Study and Regulatory Submission for Point-of-Care Tuberculosis Test, Sets Stage for Commercial Launch in India

CDSCO Clearance and Commercial Launch in India Anticipated Before Year-End 2026 Study Demonstrated 97.3% Sensitivity and 96.0% Specificity Consistent Performance Across Three Test Batches Integrated Mobile and Cloud Infrastructure Already Deployed in India to Support AnticipatedCommercial Launch SALT LAKE CITY, Oct. 27, 2026 /PRNewswire/ -- Co-Diagnostics, Inc. (Nasdaq: CODX) ("Co-Dx" or "the Company"), a molecular diagnostics company with a unique, patented platform for the development of molecular diagnostic tests, today announced that CoSara Diagnostics Pvt. Ltd. ("CoSara"), the Company's joint venture in India, has completed its clinical performance study of the CoSara PCR Mycobacterium tuberculosis ("MTB" or "TB") test on the CoSara PCR Pro® instrument* and has submitted the test to India's Central Drugs Standard Control Organization ("CDSCO") for regulatory clearance.

PRNewsWire·Oct 20, 2026
Co-Diagnostics' Joint Venture CoMira Diagnostics Invited by Saudi Ministry to Participate in Strategic Manufacturing Forum

Participation in NUWATIN 2026 to Support Advancement of Strategic Manufacturing, Technology Transfer, and Industrial Localization Initiatives Under Saudi Vision 2030 Invitation Follows Execution of Manufacturing Facility Lease in Sudair Industrial City SALT LAKE CITY, Oct. 20, 2026 /PRNewswire/ -- Co-Diagnostics, Inc. (Nasdaq: CODX) ("Co-Dx" or "the Company"), a molecular diagnostics company with a unique, patented platform for the development of molecular diagnostic tests, today announced that CoMira Diagnostics ("CoMira"), the Company's joint venture with Arabian Eagle Manufacturing in the Kingdom of Saudi Arabia ("KSA"), has been invited by the Kingdom's Ministry of Industry and Mineral Resources to participate in the second edition of the NUWATIN 2026 Forum, scheduled for November 2026. The forum will be held under the patronage and in the presence of His Royal Highness Prince Abdulaziz bin Salman Al Saud, Minister of Industry and Mineral Resources.

PRNewsWire·Oct 15, 2026
Co-Diagnostics Highlights PCR Platform Capabilities for Potential Plague Detection

Existing Sputum Sample-Preparation Technology Provides Potential Foundation for Plague Diagnostics Draws on Rapid-Response Experience with COVID-19, Mpox and Ebola Supported by Expanded Manufacturing Infrastructure SALT LAKE CITY, Oct. 15, 2026 /PRNewswire/ -- Co-Diagnostics, Inc. (Nasdaq: CODX) ("Co-Dx" or the "Company"), a molecular diagnostics company with a unique, patented platform for the development of molecular diagnostic tests, today highlighted capabilities of its Co-Dx PCR Pro®* point-of-care platform that could be applied to plague diagnostics, should a public health need arise. The Company is monitoring developments following the October 2 death of a laboratory worker at a plague research institute in Irkutsk, Russia.

PRNewsWire·Oct 8, 2026
Co-Diagnostics Announces First Full Vector Smart® Laboratory Installation for Native American Tribe

Ute Indian Tribe Mosquito Abatement Department to bring PCR-based mosquito surveillance testing in house SALT LAKE CITY, Oct. 8, 2026 /PRNewswire/ -- Co-Diagnostics, Inc. (Nasdaq: CODX) ("Co-Dx" or "the Company"), a molecular diagnostics company with a unique, patented platform for the development of molecular diagnostic tests, today announced that it has received an order from the Ute Indian Tribe Mosquito Abatement Department for a full Vector Smart® mosquito surveillance laboratory installation. The order represents the Company's first complete Vector Smart laboratory installation for a Native American tribe and will enable the Tribe to perform PCR testing of mosquito pools in house.

Filtered for Co-Diagnostics, Inc.More Headlines
04

Compare before deciding

Benchmark CODX against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Co-Diagnostics, Inc. (CODX)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
CODX logoCODXCo-Diagnostics, Inc.Current
$0.26$286.65K-0.02-84.1%-6523.04%-210.99%—
QDEL logoQDELQuidelOrtho Corporation
$10.70$729.64M-1.99-1.89%-14.24%-20.13%—
FLGT logoFLGTFulgent Genetics, Inc.
$23.74$674.23M-7.2213.83%-27.53%-8.8%—
CLOV logoCLOVClover Health Investments, Corp.
$4.82$2.5B216.1440.34%0.45%3.52%—
NVAX logoNVAXNovavax, Inc.
$10.78$1.77B-23.1764.69%-18.64%——
IDXX logoIDXXIDEXX Laboratories, Inc.
$676.04$53.33B45.2010.42%25.36%71.18%—

Compare CODX vs Peers

Co-Diagnostics, Inc. (CODX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs QDEL

Most directly comparable listed peer for CODX.

Scale Benchmark

vs TMO

Larger-name benchmark to compare CODX against a more recognizable public peer.

Peer Set

Compare Top 5

vs QDEL, FLGT, CLOV, NVAX

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

CODX SEC Filings & Documents

Co-Diagnostics, Inc. (CODX) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 13, 2026·SEC

Material company update

Jul 31, 2026·SEC

Material company update

Jul 27, 2026·SEC

10-K Annual Reports

3
FY 2026

Mar 31, 2026·SEC

FY 2025

Mar 27, 2025·SEC

FY 2024

Mar 14, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 13, 2026·SEC

FY 2026

May 14, 2026·SEC

FY 2025

Nov 13, 2025·SEC

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CODX Frequently Asked Questions

Co-Diagnostics, Inc. (CODX) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Co-Diagnostics, Inc.'s revenue?

Co-Diagnostics, Inc. (CODX) reported $0.7M in revenue over the trailing twelve months. Revenue was $0.6M in fiscal year 2025.

How fast is Co-Diagnostics, Inc. growing?

Co-Diagnostics, Inc. (CODX) revenue fell by 28.1% over the trailing twelve months, compared with the twelve months before.

Is CODX profitable?

No. Co-Diagnostics, Inc. (CODX) reported a net loss of $47.1M over the trailing twelve months.

Dividend & Returns
What is CODX's return on equity?

Co-Diagnostics, Inc. (CODX) had a return on equity (ROE) of -211.0% over the trailing twelve months. A negative ROE means the company lost money over the period.

What is Co-Diagnostics, Inc.'s free cash flow?

Co-Diagnostics, Inc. (CODX) had negative free cash flow of $27.5M over the trailing twelve months.

What if you invested $1,000 in CODX back in 2014?

Total return calculator · dividends reinvested · 12+ years of data

See returns →