Codexis (CDXS) Revenue & Revenue Breakdown

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Codexis Revenue Highlights

Latest Revenue (Y)

$59.34M

Latest Revenue (Q)

$8.60M

Main Segment (Y)

Product

Main Geography (Y)

Asia Pacific

Codexis Revenue by Period

Codexis Revenue by Year

Date	Revenue	Change
2024-12-31	$59.34M	-15.39%
2023-12-31	$70.14M	-49.39%
2022-12-31	$138.59M	32.30%
2021-12-31	$104.75M	51.69%
2020-12-31	$69.06M	0.87%
2019-12-31	$68.46M	12.98%
2018-12-31	$60.59M	21.13%
2017-12-31	$50.02M	2.43%
2016-12-31	$48.84M	16.82%
2015-12-31	$41.80M	18.40%
2014-12-31	$35.31M	10.60%
2013-12-31	$31.92M	-63.85%
2012-12-31	$88.30M	-28.71%
2011-12-31	$123.86M	15.65%
2010-12-31	$107.10M	29.18%
2009-12-31	$82.91M	64.25%
2008-12-31	$50.48M	99.26%
2007-12-31	$25.33M	108.90%
2006-12-31	$12.13M	-

Codexis generated $59.34M in revenue during NA 2024, up -15.39% compared to the previous quarter, and up 86.69% compared to the same period a year ago.

Codexis Revenue by Quarter

Date	Revenue	Change
2025-09-30	$8.60M	-43.89%
2025-06-30	$15.33M	103.21%
2025-03-31	$7.54M	-64.85%
2024-12-31	$21.46M	67.23%
2024-09-30	$12.83M	60.83%
2024-06-30	$7.98M	-53.27%
2024-03-31	$17.07M	-35.72%
2023-12-31	$26.56M	186.31%
2023-09-30	$9.28M	-56.49%
2023-06-30	$21.32M	64.25%
2023-03-31	$12.98M	-57.26%
2022-12-31	$30.38M	-11.88%
2022-09-30	$34.47M	-10.25%
2022-06-30	$38.41M	8.68%
2022-03-31	$35.34M	44.24%
2021-12-31	$24.50M	-33.37%
2021-09-30	$36.77M	44.46%
2021-06-30	$25.45M	41.15%
2021-03-31	$18.03M	-14.27%
2020-12-31	$21.03M	14.40%
2020-09-30	$18.39M	22.84%
2020-06-30	$14.97M	2.02%
2020-03-31	$14.67M	-21.34%
2019-12-31	$18.65M	-14.86%
2019-09-30	$21.91M	77.82%
2019-06-30	$12.32M	-20.95%
2019-03-31	$15.58M	-3.02%
2018-12-31	$16.07M	-5.18%
2018-09-30	$16.95M	25.17%
2018-06-30	$13.54M	-3.59%
2018-03-31	$14.04M	-35.36%
2017-12-31	$21.72M	117.57%
2017-09-30	$9.98M	-3.51%
2017-06-30	$10.35M	29.81%
2017-03-31	$7.97M	-20.04%
2016-12-31	$9.97M	-32.96%
2016-09-30	$14.87M	-7.07%
2016-06-30	$16.00M	100.13%
2016-03-31	$8.00M	-30.99%
2015-12-31	$11.59M	-33.42%
2015-09-30	$17.40M	189.15%
2015-06-30	$6.02M	-11.47%
2015-03-31	$6.80M	-52.10%
2014-12-31	$14.19M	89.92%
2014-09-30	$7.47M	13.73%
2014-06-30	$6.57M	-7.12%
2014-03-31	$7.07M	-25.73%
2013-12-31	$9.53M	141.57%
2013-09-30	$3.94M	-43.46%
2013-06-30	$6.97M	-39.26%
2013-03-31	$11.48M	45.11%
2012-12-31	$7.91M	-69.96%
2012-09-30	$26.34M	14.98%
2012-06-30	$22.91M	-26.42%
2012-03-31	$31.14M	-7.04%
2011-12-31	$33.49M	0.63%
2011-09-30	$33.28M	27.74%
2011-06-30	$26.05M	-16.04%
2011-03-31	$31.03M	4.10%
2010-12-31	$29.81M	9.95%
2010-09-30	$27.11M	10.76%
2010-06-30	$24.48M	-4.75%
2010-03-31	$25.70M	6.03%
2009-12-31	$24.24M	20.82%
2009-09-30	$20.06M	4.50%
2009-06-30	$19.20M	-1.09%
2009-03-31	$19.41M	4.37%
2008-12-31	$18.60M	122.09%
2008-03-31	$8.37M	78.02%
2007-03-31	$4.70M	-

Codexis generated $8.60M in revenue during Q3 2025, up -43.89% compared to the previous quarter, and up 107.80% compared to the same period a year ago.

Codexis Revenue Breakdown

Codexis Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 24	Dec 22	Dec 21	Dec 20	Dec 19
Product	$36.79M	-	-	-	-
Sitagliptin Enzyme	$2.50M	$1.60M	$2.80M	-	-
Research and Development Revenue	$22.56M	$1.61M	$3.05M	$2.30M	$57.00K
Enzyme Product	-	$75.40M	$1.70M	-	-
Product Sales	-	$29.00M	$3.28M	$2.49M	$1.99M
Service	-	-	$34.10M	$38.84M	$38.99M

Codexis's latest annual revenue breakdown by segment (product or service), as of Dec 24: Product (59.48%), Research and Development Revenue (36.48%), and Sitagliptin Enzyme (4.04%).

Quarterly Revenue by Product

Product/Service	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Mar 24	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20
Product	$6.81M	$7.38M	$6.06M	$25.63M	$11.16M	$18.68M	$19.10M	$8.37M	-	-	-	-	-	-	-	-	-	-	-	-
Research and Development Revenue	$1.79M	$7.95M	$20.88M	$1.68M	$3.88M	$1.54M	$7.50M	$7.08M	$1.47M	$2.33M	$2.10M	$7.52M	$3.36M	$3.50M	$1.98M	$8.82M	$2.07M	$2.21M	-	-
Research And Development Revenue	-	-	$1.48M	$7.52M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Product Sales	-	-	-	-	-	$10.49M	$21.38M	$3.05M	$2.97M	$16.98M	$2.84M	$1.98M	$2.82M	$12.21M	$1.99M	$2.83M	-	-	-	-
Enzyme Product	-	-	-	-	-	-	-	-	-	$19.80M	-	-	-	-	-	-	-	-	-	-

Codexis's latest quarterly revenue breakdown by segment (product or service), as of Sep 25: Product (79.14%), and Research and Development Revenue (20.86%).

Codexis Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 24	Dec 22	Dec 21	Dec 20	Dec 19
EMEA	$10.36M	$56.54M	$20.19M	$19.26M	$37.13M
Asia Pacific	$27.71M	$65.05M	$61.09M	-	-
CHINA	$9.80M	-	-	-	-
INDIA	$7.30M	-	-	-	-
UNITED STATES	$21.30M	-	-	-	-
SWITZERLAND	$3.40M	-	-	-	-
SINGAPORE	$6.20M	-	-	-	-
IRELAND	$1.80M	-	-	-	-
Americas	$21.28M	$17.00M	$23.48M	$24.35M	$13.04M
APAC	-	-	-	$25.45M	$18.29M

Codexis's latest annual revenue breakdown by geography, as of Dec 24: Asia Pacific (25.39%), UNITED STATES (19.52%), Americas (19.50%), EMEA (9.49%), CHINA (8.98%), INDIA (6.69%), SINGAPORE (5.68%), SWITZERLAND (3.12%), and IRELAND (1.65%).

Quarterly Revenue by Country

Country	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Mar 24	Sep 23	Dec 21	Sep 21	Dec 19	Jun 18	Mar 18
EMEA	$972.00K	$2.40M	$3.92M	$5.56M	$2.23M	$2.57M	$3.19M	$12.46M	$1.44M	$1.68M	-	-
Americas	$1.57M	$6.35M	$2.09M	$12.50M	$1.53M	$7.24M	$4.28M	$3.42M	-	-	-	-
APAC	$6.06M	$6.58M	$1.54M	$9.07M	$7.26M	$1.81M	$2.77M	-	-	-	-	-
Asia Pacific	-	-	-	-	-	-	-	$16.56M	$24.27M	-	-	-

Codexis's latest quarterly revenue breakdown by geography, as of Sep 25: APAC (70.48%), Americas (18.22%), and EMEA (11.30%).

Codexis Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
CDXS	Codexis	$59.34M	$8.60M
SGMO	Sangamo Therapeutics	$57.80M	$581.00K
IPHA	Innate Pharma	$51.90M	$16.56M
GNFT	Genfit	$28.57M	$17.08M
OABI	OmniAb	$26.39M	$2.24M
IVVD	Invivyd	$25.38M	$13.13M
CCCC	C4 Therapeutics	$20.76M	-
IMDX	Insight Molecular Diagnostics	$1.88M	$260.00K
TARA	Protara Therapeutics	-	-
RANI	Rani Therapeutics	-	-

CDXS Revenue FAQ

What is Codexis’s yearly revenue?

Codexis's yearly revenue for 2024 was $59.34M, representing a decrease of -15.39% compared to 2023. The company's yearly revenue for 2023 was $70.14M, representing a decrease of -49.39% compared to 2022. CDXS's yearly revenue for 2022 was $138.59M, representing an increase of 32.30% compared to 2021.

What is Codexis’s quarterly revenue?

Codexis's quarterly revenue for Q3 2025 was $8.6M, a -43.89% decrease from the previous quarter (Q2 2025), and a -32.98% decrease year-over-year (Q3 2024). The company's quarterly revenue for Q2 2025 was $15.33M, a 103.21% increase from the previous quarter (Q1 2025), and a 92.10% increase year-over-year (Q2 2024). CDXS's quarterly revenue for Q1 2025 was $7.54M, a -64.85% decrease from the previous quarter (Q4 2024), and a -55.82% decrease year-over-year (Q1 2024).

What is Codexis’s revenue growth rate?

Codexis's revenue growth rate for the last 3 years (2022-2024) was -57.18%, and for the last 5 years (2020-2024) was -14.06%.

What are Codexis’s revenue streams?

Codexis's revenue streams in c 24 are Product, Sitagliptin Enzyme, and Research and Development Revenue. Product generated $36.79M in revenue, accounting 59.48% of the company's total revenue Sitagliptin Enzyme generated $2.5M in revenue, accounting 4.04% of the company's total revenue, up 56.25% year-over-year. Research and Development Revenue generated $22.56M in revenue, accounting 36.48% of the company's total revenue, up 1298.57% year-over-year.

What is Codexis’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Codexis was Product. This segment made a revenue of $36.79M, representing 59.48% of the company's total revenue.