The earnings call reflects a positive outlook for Codexis, with significant revenue growth, improved margins, and strong demand for the ECO Synthesis platform. However, the company faces challenges in revenue predictability and increased R&D expenses.

Company Guidance

During the Codexis Second Quarter 2025 Earnings Conference Call, the company provided various metrics and guidance reflecting its performance and future outlook. Codexis reported a significant increase in revenue, reaching $15.3 million in Q2 2025, up from $8 million in Q2 2024, driven primarily by increased orders in the Pharma Biocatalysis business. The company's product gross margin improved to 72%, compared to 45% in the previous year, due to a shift towards more profitable products. Operating expenses for research and development increased to $13.8 million, while selling, general, and administrative expenses decreased to $12.39 million. Despite a net loss of $13.3 million, Codexis maintained a strong cash position with $66.3 million, expected to fund operations through Q1 2027. The company reiterated its 2025 revenue guidance of $64 million to $68 million, emphasizing the anticipated growth from its ECO Synthesis platform, which has over 30 ongoing customer engagements and significant interest, particularly in the ligase segment. Codexis is exploring options to expand its production capacity to meet growing demand and is focusing on securing early-phase projects for long-term value creation.

Strong Financial Performance

Codexis reported Q2 2025 revenue of $15.3 million, up from $8 million in Q2 2024. Operating loss was halved compared to Q2 2024, with a net loss of $13.3 million compared to $23.8 million the previous year.

Improved Product Gross Margin

Product gross margin increased to 72% in Q2 2025 from 45% in Q2 2024, driven by a shift to more profitable products.

ECO Synthesis Platform Demand

The ECO Synthesis platform has over 30 ongoing customer engagements, with expectations of adding several new ligase customers by year-end.

Strong Cash Position

Codexis ended the quarter with $66.3 million in cash, cash equivalents, and investments, expected to fund operations through Q1 2027.

Codexis (CDXS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

CDXS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	-0.15 / -	-0.29	―	―	―
Aug 13, 2025	2025 (Q2)	-0.19 / -0.16	-0.32	50.00% (+0.16)
May 14, 2025	2025 (Q1)	-0.24 / -0.25	-0.16	-56.25% (-0.09)
Feb 27, 2025	2024 (Q4)	-0.04 / -0.13	-0.1	-30.00% (-0.03)
Oct 31, 2024	2024 (Q3)	-0.24 / -0.29	-0.5	42.00% (+0.21)
Aug 08, 2024	2024 (Q2)	-0.26 / -0.32	-0.17	-88.24% (-0.15)
May 02, 2024	2024 (Q1)	-0.18 / -0.16	-0.34	52.94% (+0.18)
Feb 28, 2024	2023 (Q4)	-0.12 / -0.10	-0.19	47.37% (+0.09)
Nov 02, 2023	2023 (Q3)	-0.32 / -0.50	-0.15	-233.33% (-0.35)
Aug 03, 2023	2023 (Q2)	-0.21 / -0.17	-0.04	-325.00% (-0.13)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CDXS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 13, 2025	$3.05	$3.10	+1.64%
May 14, 2025	$2.47	$2.51	+1.62%
Feb 27, 2025	$3.93	$3.04	-22.65%
Oct 31, 2024	$3.14	$3.50	+11.46%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Codexis (CDXS) report earnings?

Codexis (CDXS) is schdueled to report earning on Oct 30, 2025, After Close (Confirmed).

What is Codexis (CDXS) earnings time?

Codexis (CDXS) earnings time is at Oct 30, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is CDXS EPS forecast?

CDXS EPS forecast for the fiscal quarter 2025 (Q3) is -0.15.

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