Codexis (CDXS) Releases Q3 2026 Earnings: Revenue Growth but EPS Beat

Codexis, Inc. $CDXS reported third-quarter 2026 revenue of $19.3 million, up 123.95% from a year earlier and slightly above the consensus estimate of $19.1 million. Gross profit climbed to $15.2 million, reflecting strong top-line growth and improved operating leverage.

Despite the revenue gain, the company remained unprofitable. Codexis posted an operating loss of $7.4 million and a net loss attributable to common shareholders of $8.1 million, with diluted earnings per share at $(0.08). That result was better than the expected $(0.10) per share.

Cash usage from operations totaled $7.8 million, while capital spending was minimal at $74,000. Codexis ended the quarter with $29.2 million in cash and cash equivalents, alongside total liabilities of $93.0 million.

• Revenue rose sharply year over year to $19.3 million.
• Gross profit increased to $15.2 million.
• Diluted EPS came in better than expected at $(0.08).
• Cash and cash equivalents stood at $29.2 million.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Investivoq.

Codexis, Inc. Insider Trading Activity

Codexis, Inc. insiders have traded $CDXS stock on the open market 4 times in the past 6 months. Of those trades, 0 have been purchases and 4 have been sales.

Here’s a breakdown of recent trading of $CDXS stock by insiders over the last 6 months:

• GEORGIA ERBEZ (See Remarks) sold 6,335 shares for an estimated $8,619
• ALISON MOORE (President and CEO) sold 6,335 shares for an estimated $8,619
• VRE RAYMOND DE has made 0 purchases and 2 sales selling 3,693 shares for an estimated $7,381.

To track insider transactions, check out Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq API insider transaction endpoint.

Codexis, Inc. Hedge Fund Activity

We have seen 75 institutional investors add shares of Codexis, Inc. stock to their portfolio, and 57 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

• TELEMARK ASSET MANAGEMENT, LLC added 4,000,000 shares (+104.0%) to their portfolio in Q3 2026, for an estimated $5,560,000
• ABERDEEN GROUP PLC removed 1,910,414 shares (-22.0%) from their portfolio in Q2 2026, for an estimated $4,317,535
• MILLENNIUM MANAGEMENT LLC added 1,551,009 shares (+38.8%) to their portfolio in Q2 2026, for an estimated $3,505,280
• PRIVATE ADVISOR GROUP, LLC added 1,206,163 shares (+inf%) to their portfolio in Q3 2026, for an estimated $1,676,566
• TIMOTHY G. YOUNGQUIST 2020 IRREVOCABLE TRUST removed 978,071 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $2,210,440
• ASSENAGON ASSET MANAGEMENT S.A. removed 815,151 shares (-63.8%) from their portfolio in Q3 2026, for an estimated $1,133,059
• ACADIAN ASSET MANAGEMENT LLC added 755,319 shares (+210.8%) to their portfolio in Q3 2026, for an estimated $1,049,893

To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.