Codexis Inc. (CDXS) carries a Roarable Rating of E (Strong Sell) with 23/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.
As of 2026-11-02, Codexis Inc. (NASDAQ: CDXS) is rated E (Strong Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 23/100 at a spot price of $1.22 (-3.17% 1D, market cap $133.6M). Pillar breakdown: Fundamental Cash Engine 5/20, Institutional 13F & Options Flow 3/20, Executive Insider Alignment 8/20, FRED Macro Regime Fit 4/20, and SEC Balance-Sheet Forensics 3/20. Across 270 tracked Materials issuers, CDXS ranks #260 in composite RQD confidence.
Within the Materials sector (Major Chemicals), CDXS carries a Roarable E (23/100 RQD), trailing P/E of N/A, gross margin of 86.7%, and ROIC of -35.0%. By comparison, ACNT (Ascent Industries Co.) holds a E grade (31/100 RQD, P/E 143.4x, ROIC -18.9%, cap $124.3M) and LODE (Comstock Inc.) posts a E grade (21/100 RQD, P/E N/A, ROIC -33.3%, cap $122.3M). Among the 5-stock peer group, ACNT leads on earnings multiple (143.4x) while LTBR leads on capital efficiency (-9.1% ROIC).
Per CDXS's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001200375), Codexis Inc. generated $70.4M in revenue (+18.6% YoY), -$44.0M in net income, and -$23.8M in free cash flow against $147.8M in total assets and $40.1M in total debt. Key quantitative strengths: Established market leader in Materials with deep daily trading liquidity.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.
Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer
Altman Z-Score 0.20 (DISTRESS RISK (<1.8)) • Piotroski F-Score 6/9
SEC XBRL FY 2025 (10-K): 0% FCF Margin ($0 FCF) & 86.7% Gross Margin
Dilution Drag (+2.48% YoY Shares) & executive Form 4 sales trim 16 pts from alignment
While CDXS currently carries a cautious 23/100 (E) rating due to Insider Conviction & Share Dilution (4/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.
Established market leader in Materials with deep daily trading liquidity.
Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($1.39) and Max Pain ($1.28) forces dealer call-delta covering toward $3.13.
Forensic Repair Trigger: Halting share dilution (Dilution Drag (+2.48% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.
Codexis Inc. (CDXS) dropped -3.17% to $1.22, trading at 13% of its 52-week range ($0.96 – $2.98). Stretched risk/reward at current multiples (-35% return on capital) under elevated 10-year interest-rate pressure.
REDWOOD CITY, Calif., Oct. 29, 2026 (GLOBE NEWSWIRE) -- Codexis, Inc. (NASDAQ: CDXS), a leading provider of enzymatic solutions for efficient and scalable manufacturing of complex therapeutics, today announced that it wi
White Brook Capital’s Q3 2026 investor letter expresses cautious optimism. Its Ethical All-Cap Strategy has outperformed, while the Small Cap Strategy has lagged because of execution delays, higher interest rates, and ma
Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).
vs. +18.6% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).
No active Ellis Vennor swing setup published on CDXS today. View full Setup Ledger →
No direct multi-tier Butterfly edges indexed yet for CDXS. Explore sector supply chains on /butterfly.
Across 270 tracked Materials securities in the Roarable RQD universe, Codexis Inc. (CDXS) ranks #260 by composite RQD confidence (23/100, grade E) and #222 by equity capitalization ($133.6M). Within this direct 5-issuer industry benchmark cohort, ACNT leads on earnings valuation at 143.4x trailing P/E, while LTBR leads on capital efficiency and profitability with -9.1% ROIC and — gross margin. ACNT currently holds the highest overall quantitative score in the immediate peer group at 31/100 (E) compared with CDXS at 23/100 (E).
| Ticker / Company | Roarable Grade | RQD Score | Trailing P/E | Gross Margin | ROIC | 1D Change | Market Cap | Head-to-Head |
|---|---|---|---|---|---|---|---|---|
| CDXS
ACTIVE
Codexis Inc. | E | 23/100 | — | 86.7% | -35.0% | -3.17% | $133.6M | Benchmark Subject |
| ACNT Ascent Industries Co. | E | 31/100 | 143.4x | 23.0% | -18.9% | +1.40% | $124.3M | /acnt-vs-cdxs → |
| LODE Comstock Inc. | E | 21/100 | — | -30.0% | -33.3% | -5.85% | $122.3M | /lode-vs-cdxs → |
| AMTX Aemetis Inc. | E | 28/100 | — | -0.4% | -35.0% | -0.77% | $93.1M | /amtx-vs-cdxs → |
| LTBR Lightbridge Corporation | E | 28/100 | — | — | -9.1% | -0.73% | $202.3M | /ltbr-vs-cdxs → |
In its most recent audited fiscal period (FY2025, filed 2025-12-31), Codexis Inc. (CDXS) reported GAAP revenue of $70.4M (+18.6% vs. FY2024 revenue of $59.3M , and +0.3% cumulative change since FY2023) , GAAP net income of -$44.0M, operating cash flow of -$19.4M, and free cash flow of -$23.8M (+55.6% YoY). On the balance sheet, CDXS closed FY2025 with $147.8M in total assets against $40.1M in total debt (Altman Z-Score: 0.20, Piotroski F-Score: 6/9).
| Fiscal Period | Filing Date | Revenue | Net Income | Operating Cash Flow | Free Cash Flow | Total Assets | Total Debt |
|---|---|---|---|---|---|---|---|
| FY2025 (FY) | 2025-12-31 | $70.4M | -$44.0M | -$19.4M | -$23.8M | $147.8M | $40.1M |
| FY2024 (FY) | 2024-12-31 | $59.3M | -$65.3M | -$49.4M | -$53.7M | $149.0M | $28.9M |
| FY2023 (FY) | 2023-12-31 | $70.1M | -$76.2M | -$52.6M | -$52.6M | — | — |
As of 2026-11-02, Codexis Inc. (NASDAQ: CDXS) is rated E (Strong Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 23/100 at a spot price of $1.22 (-3.17% 1D, market cap $133.6M). Pillar breakdown: Fundamental Cash Engine 5/20, Institutional 13F & Options Flow 3/20, Executive Insider Alignment 8/20, FRED Macro Regime Fit 4/20, and SEC Balance-Sheet Forensics 3/20. Across 270 tracked Materials issuers, CDXS ranks #260 in composite RQD confidence.
Within the Materials sector (Major Chemicals), CDXS carries a Roarable E (23/100 RQD), trailing P/E of N/A, gross margin of 86.7%, and ROIC of -35.0%. By comparison, ACNT (Ascent Industries Co.) holds a E grade (31/100 RQD, P/E 143.4x, ROIC -18.9%, cap $124.3M) and LODE (Comstock Inc.) posts a E grade (21/100 RQD, P/E N/A, ROIC -33.3%, cap $122.3M). Among the 5-stock peer group, ACNT leads on earnings multiple (143.4x) while LTBR leads on capital efficiency (-9.1% ROIC).
Per CDXS's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001200375), Codexis Inc. generated $70.4M in revenue (+18.6% YoY), -$44.0M in net income, and -$23.8M in free cash flow against $147.8M in total assets and $40.1M in total debt. Key quantitative strengths: Established market leader in Materials with deep daily trading liquidity.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.
CDXS last traded at $1.22 (-3.17% on volume of 917,307 shares), positioning the stock -12.23% below its 50-day simple moving average ($1.39) and -32.60% below its 200-day simple moving average ($1.81). Across its 52-week range of $0.96 to $2.98, CDXS sits at the 12.9% percentile with a 14-day RSI of 40.9 (NEUTRAL RANGE) and an implied next-earnings move of ±12.5% ($1.07 to $1.37).
Why CDXS Stock dropped -3.17% Today — RQD Quant Desk Flash. Stretched risk/reward at current multiples (-35% return on capital) under elevated 10-year interest-rate pressure.
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