Codexis (CDXS) Quick Ratio: History & Chart

Codexis, Inc.(CDXS)

Biotechnology · Redwood City, CA

$1.39+0.03 (+2.21%)

Delayed quote: Oct 5, 2026, 4:00 PM EDT

About Codexis, Inc.

Codexis, Inc. is a biotechnology firm dedicated to the discovery, development, and commercialization of enzymes and other protein-based solutions. Its diverse portfolio encompasses advanced biocatalyst products and related services, specialized chemical intermediates vital for subsequent processing steps, and proprietary biocatalyst panels and kits that empower clients to conduct effective chemistry screening. The company also extends its expertise through biocatalyst screening and sophisticated protein engineering services. Central to its operations is the proprietary CodeEvolver protein engineering technology platform. This innovative platform is instrumental in crafting and delivering high-performance biocatalysts capable of driving chemical transformations, thereby significantly enhancing the efficiency and productivity of manufacturing processes. Beyond industrial applications, the CodeEvolver platform is also leveraged for identifying novel biotherapeutic drug candidates for targeted human diseases, as well as for developing enzymes essential for molecular biology research and in vitro diagnostic applications. Primarily serving pharmaceutical manufacturers, Codexis distributes its products through its dedicated direct sales and business development teams across the United States and Europe. Established in 2002, the company maintains its headquarters in Redwood City, California.

Redwood City, CA

146 employees

www.codexis.com

Healthcare / Biotechnology

Sector: Healthcare
Industry: Biotechnology
CEO: Alison Moore

View full financials

CDXS Quick Ratio (Acid-Test) Metrics

QUICK RATIO (ACID-TEST)

2.99

QUICK RATIO (ACID-TEST) AVG TTM

4.34

QUICK RATIO (ACID-TEST) AVG 3Y

3.49

QUICK RATIO (ACID-TEST) AVG 5Y

4.07

QUICK RATIO (ACID-TEST) AVG 10Y

4.12

QUICK RATIO (ACID-TEST) AVG 15Y

3.58

QUICK RATIO (ACID-TEST) AVG 20Y

3.02

CURRENT VS TTM AVG

-31.05%

CURRENT VS 3Y AVG

-14.32%

CURRENT VS 5Y AVG

-26.51%

CURRENT VS 10Y AVG

-27.42%

CURRENT VS 15Y AVG

-16.39%

CURRENT VS 20Y AVG

-1.13%

SECTOR MEDIAN · HEALTHCARE

2.85

median of 440 covered companies

CURRENT VS SECTOR MEDIAN

+4.94%

vs the sector median at left

NAME	MARKET CAP	QUICK RATIO (ACID-TEST)	TTM	3Y	5Y
Codexis, Inc. (CDXS)	$149.51M	2.99	4.34	3.49	4.07
Cardiol Therapeutics Inc. (CRDL)vs ›	$152.16M	5.55	4.34	4.83	5.44
Immuneering Corporation (IMRX)vs ›	$146.66M	19.47	11.39	11.91	15.23
Anavex Life Sciences Corp. (AVXL)vs ›	$152.45M	15.62	10.23	11.93	11.24
Acumen Pharmaceuticals, Inc. (ABOS)vs ›	$153.84M	2.47	5.26	13.15	16.36
Fortress Biotech, Inc. (FBIOP)vs ›	$142.49M	3.83	1.68	1.58	2.46
Alpha Cognition Inc (ACOG)vs ›	$142.11M	8.04	11.45	6.05	5.52
Freenome, Inc. (FRNM)vs ›	$137.29M	N/A	N/A	N/A	N/A
ALX Oncology Holdings Inc. (ALXO)vs ›	$162.82M	9.71	4.67	6.04	19.74
AirSculpt Technologies, Inc. (AIRS)vs ›	$134.74M	0.79	0.57	0.67	0.95

NAME

MARKET CAP

QUICK RATIO (ACID-TEST)

TTM

Codexis, Inc. (CDXS)

$149.51M

2.99

4.34

3.49

4.07

Cardiol Therapeutics Inc. (CRDL)vs ›

$152.16M

5.55

4.34

4.83

5.44

Immuneering Corporation (IMRX)vs ›

$146.66M

19.47

11.39

11.91

15.23

Anavex Life Sciences Corp. (AVXL)vs ›

$152.45M

15.62

10.23

11.93

11.24

Acumen Pharmaceuticals, Inc. (ABOS)vs ›

$153.84M

2.47

5.26

13.15

16.36

Fortress Biotech, Inc. (FBIOP)vs ›

$142.49M

3.83

1.68

1.58

2.46

Alpha Cognition Inc (ACOG)vs ›

$142.11M

8.04

11.45

6.05

5.52

Freenome, Inc. (FRNM)vs ›

$137.29M

N/A

ALX Oncology Holdings Inc. (ALXO)vs ›

$162.82M

9.71

4.67

6.04

19.74

AirSculpt Technologies, Inc. (AIRS)vs ›

$134.74M

0.79

0.57

0.67

0.95

Quick Ratio (Acid-Test) FAQ

What is the quick ratio (acid-test) for Codexis, Inc. (CDXS)?

The quick ratio (acid-test) for CDXS stock is 2.99.

Is Codexis, Inc.'s quick ratio (acid-test) high or low?

The quick ratio (acid-test) of 2.99 is 27% below its 5-year average of 4.07, near the low end of its 5-year range (2.53–7.11).

What is the TTM average quick ratio (acid-test) for Codexis, Inc. (CDXS)?

The TTM average quick ratio (acid-test) for CDXS stock is 4.34.

What is the 3Y average quick ratio (acid-test) for Codexis, Inc. (CDXS)?

The 3Y average quick ratio (acid-test) for CDXS stock is 3.49.

What is the 5Y average quick ratio (acid-test) for Codexis, Inc. (CDXS)?

The 5Y average quick ratio (acid-test) for CDXS stock is 4.07.

What is the 10Y average quick ratio (acid-test) for Codexis, Inc. (CDXS)?

The 10Y average quick ratio (acid-test) for CDXS stock is 4.12.

What is the 15Y average quick ratio (acid-test) for Codexis, Inc. (CDXS)?

The 15Y average quick ratio (acid-test) for CDXS stock is 3.58.

What is the 20Y average quick ratio (acid-test) for Codexis, Inc. (CDXS)?

The 20Y average quick ratio (acid-test) for CDXS stock is 3.02.

DATE	QUICK RATIO (ACID-TEST)
2026-06-30	2.99
2026-03-31	5.23
2025-12-31	3.75
2025-09-30	4.02
2025-06-30	5.70
2025-03-31	3.64
2024-12-31	4.10
2024-09-30	3.15
2024-06-30	2.92
2024-03-31	3.63
2023-12-31	2.53
2023-09-30	2.62
2023-06-30	3.30
2023-03-31	3.34
2022-12-31	3.28
2022-09-30	4.52
2022-06-30	4.78
2022-03-31	4.86
2021-12-31	4.82
2021-09-30	5.17
2021-06-30	7.11
2021-03-31	7.65
2020-12-31	7.34
2020-09-30	4.99
2020-06-30	5.59
2020-03-31	5.11
2019-12-31	7.40
2019-09-30	7.34
2019-06-30	6.26
2019-03-31	3.38
2018-12-31	3.95
2018-09-30	3.84
2018-06-30	3.98
2018-03-31	1.61
2017-12-31	1.76
2017-09-30	2.00
2017-06-30	2.99
2017-03-31	1.52
2016-12-31	2.13
2016-09-30	2.48
2016-06-30	2.15
2016-03-31	1.68
2015-12-31	2.15
2015-09-30	2.47
2015-06-30	1.80
2015-03-31	2.24
2014-12-31	2.30
2014-09-30	2.39
2014-06-30	2.31
2014-03-31	2.46
2013-12-31	3.06
2013-09-30	3.75
2013-06-30	3.75
2013-03-31	3.13
2012-12-31	3.59
2012-09-30	3.48
2012-06-30	3.29
2012-03-31	2.28
2011-12-31	2.64
2011-09-30	2.09
2011-06-30	2.45
2011-03-31	2.57
2010-12-31	3.25
2010-09-30	3.20
2010-06-30	3.64
2010-03-31	1.28
2009-12-31	1.32
2009-09-30	1.64
2009-06-30	0.00
2009-03-31	0.00
2008-12-31	1.07
2008-03-31	2.30
2007-03-31	0.00

DATE

QUICK RATIO (ACID-TEST)

2026-06-30

2.99

2026-03-31

5.23

2025-12-31

3.75

2025-09-30

4.02

2025-06-30

5.70

2025-03-31

3.64

2024-12-31

4.10

2024-09-30

3.15

2024-06-30

2.92

2024-03-31

3.63

2023-12-31

2.53

2023-09-30

2.62

2023-06-30

3.30

2023-03-31

3.34

2022-12-31

3.28

2022-09-30

4.52

2022-06-30

4.78

2022-03-31

4.86

2021-12-31

4.82

2021-09-30

5.17

2021-06-30

7.11

2021-03-31

7.65

2020-12-31

7.34

2020-09-30

4.99

2020-06-30

5.59

2020-03-31

5.11

2019-12-31

7.40

2019-09-30

7.34

2019-06-30

6.26

2019-03-31

3.38

2018-12-31

3.95

2018-09-30

3.84

2018-06-30

3.98

2018-03-31

1.61

2017-12-31

1.76

2017-09-30

2.00

2017-06-30

2.99

2017-03-31

1.52

2016-12-31

2.13

2016-09-30

2.48

2016-06-30

2.15

2016-03-31

1.68

2015-12-31

2.15

2015-09-30

2.47

2015-06-30

1.80

2015-03-31

2.24

2014-12-31

2.30

2014-09-30

2.39

2014-06-30

2.31

2014-03-31

2.46

2013-12-31

3.06

2013-09-30

3.75

2013-06-30

3.75

2013-03-31

3.13

2012-12-31

3.59

2012-09-30

3.48

2012-06-30

3.29

2012-03-31

2.28

2011-12-31

2.64

2011-09-30

2.09

2011-06-30

2.45

2011-03-31

2.57

2010-12-31

3.25

2010-09-30

3.20

2010-06-30

3.64

2010-03-31

1.28

2009-12-31

1.32

2009-09-30

1.64

2009-06-30

0.00

2009-03-31

0.00

2008-12-31

1.07

2008-03-31

2.30

2007-03-31

0.00

Quick Ratio (Acid-Test): 2.99

CDXS Quick Ratio

CDXS Average Quick Ratio (Acid-Test) Chart

CDXS Current vs Average Quick Ratio (Acid-Test) Chart

CDXS Quick Ratio (Acid-Test) Metrics

CDXS Competitors' Quick Ratio (Acid-Test)

Liquidity Comparison

Quick Ratio (Acid-Test) Formula & Definition

Quick Ratio (Acid-Test) FAQ

CDXS Quick Ratio (Acid-Test) History

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