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Side-by-side financial comparison of BGSF, INC. (BGSF) 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 $22.0M, roughly 1.8× BGSF, INC.). CODEXIS, INC. runs the higher net margin — 24.7% vs -5.3%, a 29.9% gap on every dollar of revenue. On growth, CODEXIS, INC. posted the faster year-over-year revenue change (81.3% vs -9.4%). CODEXIS, INC. produced more free cash flow last quarter ($19.6M vs $1.7M). Over the past eight quarters, CODEXIS, INC.'s revenue compounded faster (51.0% CAGR vs -5.3%).
BGSF Inc. is a leading U.S.-headquartered workforce solutions firm that provides tailored staffing, talent recruitment, and end-to-end workforce management services. It serves core segments including information technology, healthcare, professional administration, light industrial, and creative industries, catering to small, mid-sized and large enterprise clients across North America.
Codexis, Inc. is a protein engineering company that develops enzymes for pharmaceutical, food and medical applications.
BGSF vs CDXS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $22.0M | $38.9M |
| Net Profit | $-1.2M | $9.6M |
| Gross Margin | 35.0% | 94.8% |
| Operating Margin | -17.6% | 27.1% |
| Net Margin | -5.3% | 24.7% |
| Revenue YoY | -9.4% | 81.3% |
| Net Profit YoY | -18.2% | 192.5% |
| EPS (diluted) | $-0.12 | $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 | $22.0M | $38.9M | ||
| Q3 25 | $26.9M | $8.6M | ||
| Q2 25 | $23.5M | $15.3M | ||
| Q1 25 | $20.9M | $7.5M | ||
| Q4 24 | $24.3M | $21.5M | ||
| Q3 24 | $29.8M | $12.8M | ||
| Q2 24 | $25.7M | $8.0M | ||
| Q1 24 | $24.5M | $17.1M |
| Q4 25 | $-1.2M | $9.6M | ||
| Q3 25 | $-5.8M | $-19.6M | ||
| Q2 25 | $-3.7M | $-13.3M | ||
| Q1 25 | $-722.0K | $-20.7M | ||
| Q4 24 | $-981.0K | $-10.4M | ||
| Q3 24 | $-804.0K | $-20.6M | ||
| Q2 24 | $-761.0K | $-22.8M | ||
| Q1 24 | $-792.0K | $-11.5M |
| Q4 25 | 35.0% | 94.8% | ||
| Q3 25 | 35.9% | 71.3% | ||
| Q2 25 | 35.8% | 86.3% | ||
| Q1 25 | 36.2% | 63.8% | ||
| Q4 24 | 35.9% | 83.0% | ||
| Q3 24 | 35.9% | 66.4% | ||
| Q2 24 | 37.3% | 56.6% | ||
| Q1 24 | 38.1% | 71.6% |
| Q4 25 | -17.6% | 27.1% | ||
| Q3 25 | -3.5% | -220.3% | ||
| Q2 25 | -18.8% | -83.9% | ||
| Q1 25 | 1.6% | -271.6% | ||
| Q4 24 | -15.7% | -34.2% | ||
| Q3 24 | -3.4% | -129.0% | ||
| Q2 24 | -5.7% | -284.9% | ||
| Q1 24 | 1.7% | -69.6% |
| Q4 25 | -5.3% | 24.7% | ||
| Q3 25 | -21.6% | -228.1% | ||
| Q2 25 | -15.9% | -86.6% | ||
| Q1 25 | -3.5% | -274.3% | ||
| Q4 24 | -4.0% | -48.4% | ||
| Q3 24 | -2.7% | -160.8% | ||
| Q2 24 | -3.0% | -285.2% | ||
| Q1 24 | -3.2% | -67.4% |
| Q4 25 | $-0.12 | $0.13 | ||
| Q3 25 | $-0.52 | $-0.22 | ||
| Q2 25 | $-0.34 | $-0.16 | ||
| Q1 25 | $-0.06 | $-0.25 | ||
| Q4 24 | — | $-0.12 | ||
| Q3 24 | $-0.07 | $-0.29 | ||
| Q2 24 | $-0.07 | $-0.32 | ||
| Q1 24 | — | $-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 | $48.1M | $50.5M |
| Total Assets | $57.8M | $147.8M |
| Debt / EquityLower = less leverage | — | 0.79× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $78.2M | ||
| Q3 25 | $41.2M | $58.7M | ||
| Q2 25 | $2.8M | $66.3M | ||
| Q1 25 | $2.0M | $59.8M | ||
| Q4 24 | $32.0K | $73.5M | ||
| Q3 24 | $262 | $90.3M | ||
| Q2 24 | $226 | $73.2M | ||
| Q1 24 | $50 | $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 | $48.1M | $50.5M | ||
| Q3 25 | $50.7M | $38.5M | ||
| Q2 25 | $78.3M | $55.6M | ||
| Q1 25 | $81.8M | $49.6M | ||
| Q4 24 | $82.3M | $66.9M | ||
| Q3 24 | $82.9M | $73.4M | ||
| Q2 24 | $83.2M | $61.4M | ||
| Q1 24 | $83.6M | $79.3M |
| Q4 25 | $57.8M | $147.8M | ||
| Q3 25 | $83.6M | $124.0M | ||
| Q2 25 | $149.7M | $138.2M | ||
| Q1 25 | $152.3M | $128.9M | ||
| Q4 24 | $150.1M | $149.0M | ||
| Q3 24 | $157.3K | $148.2M | ||
| Q2 24 | $159.8K | $132.0M | ||
| Q1 24 | $170.6K | $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 | $1.7M | $20.1M |
| Free Cash FlowOCF − Capex | $1.7M | $19.6M |
| FCF MarginFCF / Revenue | 7.6% | 50.3% |
| Capex IntensityCapex / Revenue | 0.1% | 1.3% |
| Cash ConversionOCF / Net Profit | — | 2.09× |
| TTM Free Cash FlowTrailing 4 quarters | $-16.0K | $-23.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | $20.1M | ||
| Q3 25 | $-4.8M | $-7.7M | ||
| Q2 25 | $2.2M | $-18.0M | ||
| Q1 25 | $1.1M | $-13.8M | ||
| Q4 24 | $3.2M | $-16.5M | ||
| Q3 24 | $6.5M | $-13.0M | ||
| Q2 24 | $7.3M | $-12.2M | ||
| Q1 24 | $7.4M | $-7.8M |
| Q4 25 | $1.7M | $19.6M | ||
| Q3 25 | $-4.9M | $-7.9M | ||
| Q2 25 | $2.1M | $-20.5M | ||
| Q1 25 | $1.0M | $-15.1M | ||
| Q4 24 | $2.5M | $-18.2M | ||
| Q3 24 | $6.5M | $-14.0M | ||
| Q2 24 | $7.3M | $-12.6M | ||
| Q1 24 | $6.9M | $-8.9M |
| Q4 25 | 7.6% | 50.3% | ||
| Q3 25 | -18.1% | -91.7% | ||
| Q2 25 | 9.1% | -133.6% | ||
| Q1 25 | 5.0% | -199.6% | ||
| Q4 24 | 10.2% | -85.0% | ||
| Q3 24 | 21.7% | -109.0% | ||
| Q2 24 | 28.5% | -157.5% | ||
| Q1 24 | 28.1% | -52.2% |
| Q4 25 | 0.1% | 1.3% | ||
| Q3 25 | 0.4% | 2.1% | ||
| Q2 25 | 0.0% | 16.4% | ||
| Q1 25 | 0.1% | 16.7% | ||
| Q4 24 | 3.0% | 8.3% | ||
| Q3 24 | 0.0% | 7.8% | ||
| Q2 24 | 0.0% | 5.0% | ||
| Q1 24 | 2.0% | 6.6% |
| Q4 25 | — | 2.09× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BGSF
| Contract Field Talent | $21.4M | 97% |
| Other | $595.0K | 3% |
CDXS
Segment breakdown not available.
