Financial Statements — CDXS
Balance Sheet
(in millions USD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 36.57 | 25.35 | 26.76 | 18.32 | 37.45 | 18.60 | 58.05 | 74.58 | 92.09 | 102.83 | 108.69 | 90.11 | 94.26 | 119.19 | 129.51 | 139.75 |
| Short-term Investments | 28.57 | 33.35 | 39.57 | 41.46 | 52.80 | 54.60 | 27.47 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Inventory | 2.00 | 1.94 | 1.95 | 1.78 | 2.10 | 2.23 | 2.44 | 2.31 | 2.05 | 2.00 | 1.62 | 1.72 | 1.56 | 1.08 | 1.08 | 1.03 |
| Total Current Assets | 79.65 | 76.19 | 88.73 | 77.81 | 112.90 | 91.40 | 107.95 | 103.01 | 120.04 | 129.95 | 146.00 | 145.28 | 144.87 | 174.11 | 172.40 | 173.56 |
| Property, Plant & Equipment | 12.59 | 14.01 | 14.98 | 15.80 | 13.27 | 13.97 | 14.67 | 15.28 | 23.33 | 23.61 | 23.32 | 23.69 | 23.47 | 16.12 | 11.23 | 10.40 |
| Goodwill | 2.46 | 2.46 | 2.46 | 2.46 | 2.46 | 2.46 | 2.46 | 2.46 | 3.24 | 3.24 | 3.24 | 3.24 | 3.24 | 3.24 | 3.24 | 3.24 |
| Total Non-current Assets* | 49.72 | 47.77 | 49.52 | 51.08 | 35.28 | 40.61 | 41.61 | 51.44 | 86.72 | 88.11 | 89.29 | 89.69 | 90.41 | 53.44 | 39.92 | 38.61 |
| Total Assets | 129.37 | 123.96 | 138.25 | 128.89 | 148.18 | 132.01 | 149.56 | 154.46 | 206.76 | 218.07 | 235.29 | 234.97 | 235.27 | 227.55 | 212.31 | 212.17 |
| Accounts Payable | 2.13 | 2.42 | 1.47 | 6.05 | 4.21 | 3.69 | 3.47 | 3.10 | 4.04 | 4.49 | 2.62 | 2.02 | 1.95 | 3.28 | 3.16 | 3.57 |
| Total Current Liabilities | 14.85 | 18.48 | 15.24 | 20.90 | 35.13 | 30.54 | 29.08 | 38.42 | 35.74 | 38.31 | 31.91 | 30.01 | 29.50 | 33.48 | 24.09 | 22.55 |
| Long-term Debt | 40.48 | 39.73 | 39.37 | 29.19 | 28.63 | 28.37 | 28.10 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Liabilities* | 71.29 | 66.94 | 67.38 | 58.36 | 39.65 | 40.02 | 41.21 | 24.53 | 46.89 | 53.74 | 49.25 | 45.50 | 47.14 | 25.02 | 25.45 | 25.88 |
| Total Liabilities | 86.14 | 85.42 | 82.62 | 79.26 | 74.78 | 70.56 | 70.29 | 62.95 | 82.63 | 92.05 | 81.16 | 75.51 | 76.64 | 58.50 | 49.54 | 48.43 |
| Retained Earnings | (615.48) | (616.38) | (596.77) | (583.49) | (552.43) | (531.79) | (509.03) | (490.34) | (455.43) | (443.91) | (408.69) | (398.69) | (396.05) | (377.51) | (379.75) | (375.49) |
| Total Stockholder Equity | 43.23 | 38.54 | 55.63 | 49.63 | 73.40 | 61.45 | 79.27 | 91.51 | 124.13 | 126.02 | 154.13 | 159.46 | 158.64 | 169.06 | 162.77 | 163.74 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Total Revenue | 15.25 | 38.92 | 8.60 | 15.33 | 7.54 | 21.46 | 12.83 | 7.98 | 17.07 | 26.56 | 9.28 | 21.32 | 12.98 | 30.37 | 34.47 | 38.41 | 35.34 | 24.50 | 36.77 | 25.45 |
| Cost of Revenue | 2.06 | 2.04 | 2.47 | 2.10 | 2.73 | 3.65 | 4.32 | 3.46 | 4.86 | 2.86 | 2.25 | 3.18 | 4.52 | 8.46 | 9.79 | 11.27 | 8.52 | 6.81 | 6.87 | 4.32 |
| Gross Profit | 13.18 | 36.87 | 6.14 | 13.23 | 4.81 | 17.81 | 8.52 | 4.52 | 12.22 | 23.70 | 7.03 | 18.15 | 8.46 | 21.92 | 24.68 | 27.14 | 26.82 | 17.69 | 29.90 | 21.14 |
| Research & Development | 11.45 | 11.72 | 13.87 | 13.78 | 12.94 | 12.10 | 11.51 | 11.41 | 11.25 | 11.23 | 13.66 | 17.33 | 16.66 | 19.69 | 21.82 | 19.09 | 19.50 | 16.36 | 15.17 | 12.83 |
| Selling, General & Admin | 9.78 | 11.19 | 11.22 | 12.32 | 12.36 | 13.05 | 13.57 | 15.67 | 12.86 | 12.18 | 12.30 | 13.37 | 15.40 | 12.31 | 13.50 | 10.66 | 15.71 | 11.72 | 13.41 | 12.80 |
| Total Operating Expenses | 21.23 | 26.31 | 25.09 | 26.09 | 25.30 | 25.15 | 25.07 | 27.25 | 24.11 | 23.42 | 39.09 | 30.77 | 32.13 | 35.17 | 35.32 | 29.75 | 35.21 | 28.08 | 28.57 | 25.62 |
| Operating Income | (8.04) | 10.56 | (18.95) | (12.86) | (20.49) | (7.34) | (16.56) | (22.73) | (11.89) | 0.28 | (32.06) | (12.63) | (23.66) | (13.25) | (10.64) | (2.61) | (8.39) | (10.39) | 1.33 | (4.49) |
| Pretax Income | (8.67) | 9.62 | (19.61) | (13.26) | (20.68) | (10.37) | (20.63) | (22.74) | (11.49) | (7.16) | (34.90) | (11.51) | (22.60) | (12.45) | (9.98) | (2.53) | (8.35) | (10.12) | 2.35 | (4.26) |
| Tax Provision | 0.04 | 0.02 | 0.01 | 0.01 | 0.01 | 0.00 | 0.01 | 0.01 | 0.01 | 0.04 | 0.01 | 0.01 | 0.02 | 0.15 | 0.01 | 0.11 | 0.01 | 0.07 | 0.11 | 0.01 |
| Net Income | (8.70) | 9.60 | (19.61) | (13.27) | (20.69) | (10.38) | (20.64) | (22.75) | (11.50) | (7.19) | (34.91) | (11.52) | (22.62) | (12.60) | (9.99) | (2.64) | (8.36) | (10.19) | 2.24 | (4.26) |
| Basic EPS | (0.10) | 0.13 | (0.22) | (0.16) | (0.25) | (0.12) | (0.29) | (0.32) | (0.16) | (0.11) | (0.50) | (0.17) | (0.34) | (0.19) | (0.15) | (0.04) | (0.13) | (0.15) | 0.03 | (0.07) |
| Diluted EPS | (0.10) | 0.13 | (0.22) | (0.16) | (0.25) | (0.12) | (0.29) | (0.32) | (0.16) | (0.11) | (0.50) | (0.17) | (0.34) | (0.19) | (0.15) | (0.04) | (0.13) | (0.15) | 0.03 | (0.07) |
Cash Flow Statement
(in millions USD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Operating Cash Flow | (13.15) | 20.09 | (7.70) | (17.97) | (13.80) | (16.47) | (12.98) | (12.17) | (7.79) | (11.04) | (16.30) | (16.09) | (9.21) | 4.92 | 19.73 | (2.18) | (11.19) | 0.66 | (0.19) | (8.29) |
| Capital Expenditures | 0.18 | 0.52 | 0.18 | 2.51 | 1.26 | 1.77 | 1.01 | 0.40 | 1.13 | (0.38) | 0.68 | 1.58 | 2.54 | (0.03) | 1.31 | 1.94 | 5.09 | 5.48 | 4.00 | 1.79 |
| Free Cash Flow* | (13.33) | 19.57 | (7.88) | (20.48) | (15.05) | (18.24) | (13.99) | (12.56) | (8.92) | (10.66) | (16.98) | (17.67) | (11.75) | 4.95 | 18.42 | (4.12) | (16.27) | (4.82) | (4.20) | (10.09) |
| Investing Cash Flow | (1.11) | 5.71 | 6.39 | (0.37) | 11.77 | (2.86) | 1.53 | (27.09) | (28.56) | 1.10 | (1.11) | (1.57) | (3.28) | 0.03 | (1.31) | (2.22) | (10.08) | (5.48) | (11.00) | (2.41) |
| Financing Cash Flow | (0.01) | 0.18 | (0.11) | 26.77 | 1.09 | 1.13 | 30.31 | (0.20) | 29.28 | 0.00 | (0.11) | 6.92 | 1.35 | 0.34 | 0.13 | 0.23 | (1.28) | 2.43 | 0.87 | 0.46 |
* Derived from reported values
