Codexis, Inc. balance sheet

At the end of fiscal 2025, Codexis, Inc. had total assets of $148m, total liabilities of $97.3m and shareholders' equity of $50.5m. It held $50.8m in cash against $42.2m of debt: net cash of $8.6m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Codexis, Inc.: balance sheet, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Cash and equivalents	32	72	26	32	22	26	23	19	31	53	90	149	117	114	65	19	51	27
Receivables	—	15	19	8	5	4	7	6	11	12	9	14	25	32	10	19	11	12
Inventory	—	3	4	1	1	1	1	1	1	1	0	1	1	2	3	2	2	2
Total current assets	—	92	79	60	36	33	33	27	45	68	114	184	162	163	93	99	97	72
Goodwill	—	3	3	3	3	3	3	3	3	3	3	3	3	3	2	2	2	2
Total assets	—	141	136	100	59	48	45	36	54	79	149	222	246	250	137	149	148	120
Accounts payable	—	9	10	4	4	5	3	4	4	3	3	3	3	3	6	3	2	3
Deferred revenue (current)	—	5	4	2	2	3	6	2	12	5	0	2	3	5	10	0	7	1
Total current liabilities	—	27	28	16	11	14	15	12	25	18	15	25	33	49	36	24	25	24
Short-term debt	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0	7
Long-term debt	—	—	—	—	—	—	—	0	0	—	—	—	—	—	0	29	40	34
Total debt	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	32	42	42
Total liabilities	—	—	—	—	17	—	22	17	29	23	44	52	82	106	50	82	97	87
Shareholders' equity	−145	107	103	78	41	26	23	19	25	56	106	170	164	145	87	67	51	33
Net debt (negative = net cash)	−32	−72	−26	−32	−22	−26	−23	−19	−31	−53	−90	−149	−117	−114	−65	13	−9	15
Shares outstanding	—	—	36m	38m	38m	40m	40m	41m	48m	54m	59m	64m	65m	66m	70m	82m	90m	91m

US$ millions unless shown otherwise. Fiscal quarters.

Codexis, Inc.: balance sheet, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Receivables	17	19	12	16	10	11	8	12
Inventory	2	2	2	2	2	2	2	2
Total current assets	113	99	78	89	76	97	80	72
Goodwill	2	2	2	2	2	2	2	2
Total assets	148	149	129	138	124	148	129	120
Accounts payable	4	3	6	1	2	2	2	3
Deferred revenue (current)	10	0	0	0	0	7	1	1
Total current liabilities	35	24	21	15	18	25	15	24
Short-term debt	—	—	—	—	—	0	—	7
Long-term debt	29	29	29	39	40	40	40	34
Total debt	29	29	29	39	40	40	40	41
Total liabilities	75	82	79	83	85	97	86	87
Shareholders' equity	73	67	50	56	39	51	43	33
Shares outstanding	81m	82m	83m	90m	90m	90m	91m	91m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Codexis, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Codexis, Inc.