Codexis (LTS:0I0X) Research & Development: $50.81 Mil (TTM As of Mar. 2026)


LTS:0I0X Codexis Inc LTS:0I0X
54 GF Score
Price $2.42
GF Value $2.54
Valuation Fairly Valued
! 6 Warning Signs
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What is Codexis Research & Development?

Codexis LTS:0I0X 54 Research & Development is $50.81 Mil as of Mar. 2026. GuruFocus rates LTS:0I0X with a GF Score™ of 54/100 and a GF Value™ of $2.54 (Fairly Valued). The stock has 6 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Codexis's Research & Development for the three months ended in Mar. 2026 was $11.45 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was $50.81 Mil.

Codexis  (LTS:0I0X) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

Codexis Research & Development Related Terms

Codexis Research & Development Historical Data

* Premium members only.

The historical data trend for Codexis's Research & Development can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Codexis Research & Development Chart

Codexis Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial Premium Member Only Premium Member Only 55.92 80.10 58.89 46.26 52.31

Codexis Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Research & Development Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.94 13.78 13.87 11.72 11.45
LTS:0I0X
54GF Score
Codexis Inc LTS:0I0X
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Codexis Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $50.81 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of $50.81 Mil mean?
Codexis (LTS:0I0X) has a Research & Development of $50.81 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Codexis and its competitors.
Is Codexis' Research & Development too high?
Codexis' current Research & Development is $50.81 Mil. Overall, Codexis has a GF Score™ of 54/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Codexis' Research & Development compare to KROS and CAMP?
Codexis' Research & Development of $50.81 Mil can be compared against companies in the Biotechnology industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for a Biotechnology company?
A good Research & Development depends on the Biotechnology industry context. However, Research & Development should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on Codexis and its competitors. Codexis's current Research & Development is $50.81 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Codexis stock overvalued right now?
Based on GuruFocus' analysis, Codexis (LTS:0I0X) is currently considered Fairly Valued. The stock's GF Value™ is $2.54, compared to a current price of $2.42 — trading 4.9% below its estimated fair value. The current Research & Development is $50.81 Mil. Codexis' overall GF Score™ is 54/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For Codexis (LTS:0I0X), the current Research & Development is $50.81 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Codexis (LTS:0I0X) Overvalued in 2026?

Based on GuruFocus' analysis, Codexis stock appears to be undervalued. The current stock price of $2.42 is trading 4.9% below its estimated GF Value™ of $2.54. GuruFocus considers Codexis to be Fairly Valued.

Key valuation signals for LTS:0I0X:

  • Research & Development: $50.81 Mil
  • GF Value™: $2.54 vs. price of $2.42 (4.9% below fair value)
  • GF Score™: 54/100 with 6 warning signs

No single metric tells the full story. See the LTS:0I0X stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Codexis Business Description

Other Exchanges CDXS:USA4QK:Germany
Address 200 Penobscot Drive, Redwood City, CA, USA, 94063
Codexis Inc is a biotechnology company engaged in providing enzyme-based technology solutions to improve pharmaceutical manufacturing processes. The company operates through two key business areas: the ECO Synthesis manufacturing platform and small molecule pharma biocatalysis. The ECO Synthesis platform focuses on developing enzymatic processes for the large-scale manufacture of RNA interference therapeutics, while the biocatalysis business utilizes engineered enzymes to enhance efficiency, yield, and sustainability in small molecule drug manufacturing. Geographically, it derives maximum revenue from the Americas.
54GF Score

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Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$2.42
Price
$2.54
GF Value