Codexis Inc is involved in the business of providing enzyme optimization services, commercialization of proteins, and developing biocatalyst products, leveraging its proprietary CodeEvolver directed evolution technology platform. The firm's products and services include Biocatalysts and Enzymes. The company generates majority of its revenue through product sales and also licenses its technology platform CodeEvolver to pharmaceutical companies enabling them to use this technology, in-house, to engineer enzymes for their own businesses. Geographically, it derives revenue from the United States, Ireland, Switzerland, China and other markets.
2002
174
LTM Revenue $65.4M
LTM EBITDA -$39.7M
$303M
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Codexis has a last 12-month revenue of $65.4M and a last 12-month EBITDA of -$39.7M.
In the most recent fiscal year, Codexis achieved revenue of $70.1M and an EBITDA of -$44.9M.
Codexis expects next 12-month revenue of XXX   and NTM EBITDA of XXX
See Codexis valuation multiples based on analyst estimatesFY 2022 | FY 2023 | FY 2024 | LTM | NTM | |
---|---|---|---|---|---|
Revenue | $139M | $70.1M | $65.3M | $65.4M | XXX |
Gross Profit | $82.5M | $101M | $57.3M | XXX | XXX |
Gross Margin | 60% | 143% | 88% | XXX | XXX |
EBITDA | -$21.5M | -$44.9M | -$39.4M | -$39.7M | XXX |
EBITDA Margin | -15% | -64% | -60% | -61% | XXX |
Net Profit | -$21.3M | -$33.6M | -$76.2M | XXX | XXX |
Net Margin | -15% | -48% | -117% | XXX | XXX |
Net Debt | n/a | n/a | n/a | XXX | XXX |
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As of February 7, 2025, Codexis's stock price is $4.
Codexis has current market cap of $352M, and EV of $303M.
See Codexis trading valuation dataEV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
---|---|---|---|---|---|---|
$303M | $352M | XXX | XXX | XXX | XXX | $-0.78 |
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Sign UpAs of February 7, 2025, Codexis has market cap of $352M and EV of $303M.
Codexis's trades at 4.6x LTM EV/Revenue multiple, and -7.6x LTM EBITDA.
Analysts estimate Codexis's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Codexis and 10K+ public compsFY 2024 | FY 2025E | FY 2026E | FY 2027E | |
---|---|---|---|---|
EV | $303M | XXX | XXX | XXX |
EV/Revenue | 4.6x | XXX | XXX | XXX |
EV/EBITDA | -7.7x | XXX | XXX | XXX |
P/E | -6.1x | XXX | XXX | XXX |
P/E/Growth | n/a | XXX | XXX | XXX |
EV/FCF | n/a | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpCodexis's NTM/LTM revenue growth is 5%
Codexis's revenue per employee for the last fiscal year averaged $0.4M, while opex per employee averaged $0.6M for the same period.
Over next 12 months, Codexis's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Codexis's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Codexis and other 10K+ public compsFY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
---|---|---|---|---|---|
Revenue Growth | -7% | XXX | XXX | XXX | XXX |
EBITDA Margin | -60% | XXX | XXX | XXX | XXX |
EBITDA Growth | -12% | XXX | XXX | XXX | XXX |
Rule of 40 (SaaS-only) | -55% | XXX | XXX | XXX | XXX |
Revenue per Employee | $0.4M | XXX | XXX | XXX | XXX |
Opex per Employee | $0.6M | XXX | XXX | XXX | XXX |
S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
R&D Expenses to Revenue | 84% | XXX | XXX | XXX | XXX |
Opex to Revenue | 160% | XXX | XXX | XXX | XXX |
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EV/Revenue | EV/EBITDA | |||||
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2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
Fertiglobe | XXX | XXX | XXX | XXX | XXX | XXX |
Corbion | XXX | XXX | XXX | XXX | XXX | XXX |
Gujarat State Fertilizers & Chemicals | XXX | XXX | XXX | XXX | XXX | XXX |
Industries Qatar | XXX | XXX | XXX | XXX | XXX | XXX |
XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Codexis acquired XXX companies to date.
Last acquisition by Codexis was XXXXXXXX, XXXXX XXXXX XXXXXX . Codexis acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiplesAcquired Company | EV | EV/Revenue | EV/EBITDA |
---|---|---|---|
XXXXXXXXX | XXX | XXX | XXX |
XXXXXXXXX | XXX | XXX | XXX |
XXXXXXXXX | XXX | XXX | XXX |
XXXXXXXXX | XXX | XXX | XXX |
XXXXXXXXX | XXX | XXX | XXX |
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Sign UpWhen was Codexis founded? | Codexis was founded in 2002. |
Where is Codexis headquartered? | Codexis is headquartered in United States of America. |
How many employees does Codexis have? | As of today, Codexis has 174 employees. |
Who is the CEO of Codexis? | Codexis's CEO is Dr. Stephen Dilly, M.B.B.S.,PhD. |
Is Codexis publicy listed? | Yes, Codexis is a public company listed on NAS. |
What is the stock symbol of Codexis? | Codexis trades under CDXS ticker. |
When did Codexis go public? | Codexis went public in 2010. |
Who are competitors of Codexis? | Similar companies to Codexis include e.g. Fertiglobe, Corbion, Gujarat State Fertilizers & Chemicals, Industries Qatar. |
What is the current market cap of Codexis? | Codexis's current market cap is $352M |
What is the current revenue of Codexis? | Codexis's last 12-month revenue is $65.4M. |
What is the current EBITDA of Codexis? | Codexis's last 12-month EBITDA is -$39.7M. |
What is the current EV/Revenue multiple of Codexis? | Current revenue multiple of Codexis is 4.6x. |
What is the current EV/EBITDA multiple of Codexis? | Current EBITDA multiple of Codexis is -7.6x. |
What is the current revenue growth of Codexis? | Codexis revenue growth between 2023 and 2024 was -7%. |
Is Codexis profitable? | Yes, Codexis is EBITDA-positive (as of the last 12 months). |
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