vs
Side-by-side financial comparison of BayCom Corp (BCML) and CODEXIS, INC. (CDXS). Click either name above to swap in a different company.
CODEXIS, INC. is the larger business by last-quarter revenue ($38.9M vs $25.9M, roughly 1.5× BayCom Corp). BayCom Corp runs the higher net margin — 26.5% vs 24.7%, a 1.8% gap on every dollar of revenue. On growth, CODEXIS, INC. posted the faster year-over-year revenue change (81.3% vs 9.4%). BayCom Corp produced more free cash flow last quarter ($30.1M vs $19.6M). Over the past eight quarters, CODEXIS, INC.'s revenue compounded faster (51.0% CAGR vs 2.9%).
BayCom Corp is a U.S.-headquartered bank holding company operating through its wholly owned subsidiary Bay Commercial Bank. It primarily serves small and medium-sized enterprises and retail customers across Northern California, offering commercial lending, deposit products, personal banking services, and localized wealth management solutions.
Codexis, Inc. is a protein engineering company that develops enzymes for pharmaceutical, food and medical applications.
BCML vs CDXS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $25.9M | $38.9M |
| Net Profit | $6.9M | $9.6M |
| Gross Margin | — | 94.8% |
| Operating Margin | 36.6% | 27.1% |
| Net Margin | 26.5% | 24.7% |
| Revenue YoY | 9.4% | 81.3% |
| Net Profit YoY | 12.1% | 192.5% |
| EPS (diluted) | $0.63 | $0.13 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $25.9M | $38.9M | ||
| Q3 25 | $25.7M | $8.6M | ||
| Q2 25 | $24.7M | $15.3M | ||
| Q1 25 | $24.3M | $7.5M | ||
| Q4 24 | $23.7M | $21.5M | ||
| Q3 24 | $25.6M | $12.8M | ||
| Q2 24 | $23.8M | $8.0M | ||
| Q1 24 | $24.5M | $17.1M |
| Q4 25 | $6.9M | $9.6M | ||
| Q3 25 | $5.0M | $-19.6M | ||
| Q2 25 | $6.4M | $-13.3M | ||
| Q1 25 | $5.7M | $-20.7M | ||
| Q4 24 | $6.1M | $-10.4M | ||
| Q3 24 | $6.0M | $-20.6M | ||
| Q2 24 | $5.6M | $-22.8M | ||
| Q1 24 | $5.9M | $-11.5M |
| Q4 25 | — | 94.8% | ||
| Q3 25 | — | 71.3% | ||
| Q2 25 | — | 86.3% | ||
| Q1 25 | — | 63.8% | ||
| Q4 24 | — | 83.0% | ||
| Q3 24 | — | 66.4% | ||
| Q2 24 | — | 56.6% | ||
| Q1 24 | — | 71.6% |
| Q4 25 | 36.6% | 27.1% | ||
| Q3 25 | 26.3% | -220.3% | ||
| Q2 25 | 35.3% | -83.9% | ||
| Q1 25 | 31.6% | -271.6% | ||
| Q4 24 | 34.2% | -34.2% | ||
| Q3 24 | 32.4% | -129.0% | ||
| Q2 24 | 31.9% | -284.9% | ||
| Q1 24 | 33.3% | -69.6% |
| Q4 25 | 26.5% | 24.7% | ||
| Q3 25 | 19.5% | -228.1% | ||
| Q2 25 | 25.8% | -86.6% | ||
| Q1 25 | 23.4% | -274.3% | ||
| Q4 24 | 25.9% | -48.4% | ||
| Q3 24 | 23.5% | -160.8% | ||
| Q2 24 | 23.6% | -285.2% | ||
| Q1 24 | 24.0% | -67.4% |
| Q4 25 | $0.63 | $0.13 | ||
| Q3 25 | $0.46 | $-0.22 | ||
| Q2 25 | $0.58 | $-0.16 | ||
| Q1 25 | $0.51 | $-0.25 | ||
| Q4 24 | $0.55 | $-0.12 | ||
| Q3 24 | $0.54 | $-0.29 | ||
| Q2 24 | $0.50 | $-0.32 | ||
| Q1 24 | $0.51 | $-0.16 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $78.2M |
| Total DebtLower is stronger | — | $40.1M |
| Stockholders' EquityBook value | $338.6M | $50.5M |
| Total Assets | $2.6B | $147.8M |
| Debt / EquityLower = less leverage | — | 0.79× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $78.2M | ||
| Q3 25 | — | $58.7M | ||
| Q2 25 | — | $66.3M | ||
| Q1 25 | — | $59.8M | ||
| Q4 24 | — | $73.5M | ||
| Q3 24 | — | $90.3M | ||
| Q2 24 | — | $73.2M | ||
| Q1 24 | — | $85.5M |
| Q4 25 | — | $40.1M | ||
| Q3 25 | — | $39.7M | ||
| Q2 25 | — | $39.4M | ||
| Q1 25 | — | $29.2M | ||
| Q4 24 | — | $28.9M | ||
| Q3 24 | — | $28.6M | ||
| Q2 24 | — | $28.4M | ||
| Q1 24 | — | $28.1M |
| Q4 25 | $338.6M | $50.5M | ||
| Q3 25 | $334.3M | $38.5M | ||
| Q2 25 | $330.6M | $55.6M | ||
| Q1 25 | $329.3M | $49.6M | ||
| Q4 24 | $324.4M | $66.9M | ||
| Q3 24 | $321.7M | $73.4M | ||
| Q2 24 | $315.3M | $61.4M | ||
| Q1 24 | $314.2M | $79.3M |
| Q4 25 | $2.6B | $147.8M | ||
| Q3 25 | $2.6B | $124.0M | ||
| Q2 25 | $2.6B | $138.2M | ||
| Q1 25 | $2.6B | $128.9M | ||
| Q4 24 | $2.7B | $149.0M | ||
| Q3 24 | $2.6B | $148.2M | ||
| Q2 24 | $2.6B | $132.0M | ||
| Q1 24 | $2.6B | $149.6M |
| Q4 25 | — | 0.79× | ||
| Q3 25 | — | 1.03× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 0.59× | ||
| Q4 24 | — | 0.43× | ||
| Q3 24 | — | 0.39× | ||
| Q2 24 | — | 0.46× | ||
| Q1 24 | — | 0.35× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $31.8M | $20.1M |
| Free Cash FlowOCF − Capex | $30.1M | $19.6M |
| FCF MarginFCF / Revenue | 116.2% | 50.3% |
| Capex IntensityCapex / Revenue | 6.7% | 1.3% |
| Cash ConversionOCF / Net Profit | 4.64× | 2.09× |
| TTM Free Cash FlowTrailing 4 quarters | $51.1M | $-23.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $31.8M | $20.1M | ||
| Q3 25 | $7.3M | $-7.7M | ||
| Q2 25 | $6.4M | $-18.0M | ||
| Q1 25 | $9.3M | $-13.8M | ||
| Q4 24 | $30.4M | $-16.5M | ||
| Q3 24 | $9.6M | $-13.0M | ||
| Q2 24 | $7.7M | $-12.2M | ||
| Q1 24 | $5.1M | $-7.8M |
| Q4 25 | $30.1M | $19.6M | ||
| Q3 25 | $6.2M | $-7.9M | ||
| Q2 25 | $5.6M | $-20.5M | ||
| Q1 25 | $9.1M | $-15.1M | ||
| Q4 24 | $28.7M | $-18.2M | ||
| Q3 24 | $9.4M | $-14.0M | ||
| Q2 24 | $7.4M | $-12.6M | ||
| Q1 24 | $3.9M | $-8.9M |
| Q4 25 | 116.2% | 50.3% | ||
| Q3 25 | 24.3% | -91.7% | ||
| Q2 25 | 22.8% | -133.6% | ||
| Q1 25 | 37.6% | -199.6% | ||
| Q4 24 | 121.1% | -85.0% | ||
| Q3 24 | 36.6% | -109.0% | ||
| Q2 24 | 31.2% | -157.5% | ||
| Q1 24 | 16.1% | -52.2% |
| Q4 25 | 6.7% | 1.3% | ||
| Q3 25 | 4.3% | 2.1% | ||
| Q2 25 | 3.0% | 16.4% | ||
| Q1 25 | 0.6% | 16.7% | ||
| Q4 24 | 7.2% | 8.3% | ||
| Q3 24 | 1.0% | 7.8% | ||
| Q2 24 | 1.0% | 5.0% | ||
| Q1 24 | 4.7% | 6.6% |
| Q4 25 | 4.64× | 2.09× | ||
| Q3 25 | 1.47× | — | ||
| Q2 25 | 1.00× | — | ||
| Q1 25 | 1.63× | — | ||
| Q4 24 | 4.96× | — | ||
| Q3 24 | 1.60× | — | ||
| Q2 24 | 1.37× | — | ||
| Q1 24 | 0.86× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
