Codexis Reports Third Quarter 2026 Financial Results

For the third quarter of 2026, Codexis reported total revenues of $19.3 million, up from $8.6 million in the third quarter of 2025. The company's net loss narrowed to $8.1 million, or $0.08 per share, compared to a net loss of $19.6 million, or $0.22 per share, in the prior-year period. Product gross margin improved to 74.5% from 64% in the third quarter of 2025. Additionally, the company reiterated its full-year 2026 revenue guidance in the range of $72 million to $76 million. Management stated that existing cash, cash equivalents, and short-term investments are expected to be sufficient to fund planned operations through the end of 2028.