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Side-by-side financial comparison of CODEXIS, INC. (CDXS) and Dominari Holdings Inc. (DOMH). Click either name above to swap in a different company.

CODEXIS, INC. is the larger business by last-quarter revenue ($38.9M vs $30.1M, roughly 1.3× Dominari Holdings Inc.). CODEXIS, INC. runs the higher net margin — 24.7% vs -438.1%, a 462.8% gap on every dollar of revenue. On growth, Dominari Holdings Inc. posted the faster year-over-year revenue change (220.4% vs 81.3%). Over the past eight quarters, Dominari Holdings Inc.'s revenue compounded faster (369.1% CAGR vs 51.0%).

CDXS vs DOMH — Head-to-Head

Bigger by revenue
CDXS
CDXS
1.3× larger
CDXS
$38.9M
$30.1M
DOMH
Growing faster (revenue YoY)
DOMH
DOMH
+139.1% gap
DOMH
220.4%
81.3%
CDXS
Higher net margin
CDXS
CDXS
462.8% more per $
CDXS
24.7%
-438.1%
DOMH
Faster 2-yr revenue CAGR
DOMH
DOMH
Annualised
DOMH
369.1%
51.0%
CDXS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CDXS
CDXS
DOMH
DOMH
Revenue
$38.9M
$30.1M
Net Profit
$9.6M
$-131.8M
Gross Margin
94.8%
Operating Margin
27.1%
-8.9%
Net Margin
24.7%
-438.1%
Revenue YoY
81.3%
220.4%
Net Profit YoY
192.5%
-12426.2%
EPS (diluted)
$0.13
$-6.94

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.

Revenue
CDXS
CDXS
DOMH
DOMH
Q4 25
$38.9M
$30.1M
Q3 25
$8.6M
$50.8M
Q2 25
$15.3M
$34.1M
Q1 25
$7.5M
$8.1M
Q4 24
$21.5M
$9.4M
Q3 24
$12.8M
$4.0M
Q2 24
$8.0M
$6.2M
Q1 24
$17.1M
$1.4M
Net Profit
CDXS
CDXS
DOMH
DOMH
Q4 25
$9.6M
$-131.8M
Q3 25
$-19.6M
$125.2M
Q2 25
$-13.3M
$16.6M
Q1 25
$-20.7M
$-32.5M
Q4 24
$-10.4M
$1.1M
Q3 24
$-20.6M
$-4.2M
Q2 24
$-22.8M
$-6.1M
Q1 24
$-11.5M
$-5.4M
Gross Margin
CDXS
CDXS
DOMH
DOMH
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%
Operating Margin
CDXS
CDXS
DOMH
DOMH
Q4 25
27.1%
-8.9%
Q3 25
-220.3%
-3.1%
Q2 25
-83.9%
-57.0%
Q1 25
-271.6%
-394.6%
Q4 24
-34.2%
0.4%
Q3 24
-129.0%
-79.1%
Q2 24
-284.9%
-44.3%
Q1 24
-69.6%
-205.2%
Net Margin
CDXS
CDXS
DOMH
DOMH
Q4 25
24.7%
-438.1%
Q3 25
-228.1%
246.4%
Q2 25
-86.6%
48.7%
Q1 25
-274.3%
-400.5%
Q4 24
-48.4%
11.4%
Q3 24
-160.8%
-104.2%
Q2 24
-285.2%
-99.1%
Q1 24
-67.4%
-398.0%
EPS (diluted)
CDXS
CDXS
DOMH
DOMH
Q4 25
$0.13
$-6.94
Q3 25
$-0.22
$7.27
Q2 25
$-0.16
$1.12
Q1 25
$-0.25
$-3.02
Q4 24
$-0.12
$0.21
Q3 24
$-0.29
$-0.67
Q2 24
$-0.32
$-1.01
Q1 24
$-0.16
$-0.91

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CDXS
CDXS
DOMH
DOMH
Cash + ST InvestmentsLiquidity on hand
$78.2M
$80.5M
Total DebtLower is stronger
$40.1M
Stockholders' EquityBook value
$50.5M
$69.4M
Total Assets
$147.8M
$112.9M
Debt / EquityLower = less leverage
0.79×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CDXS
CDXS
DOMH
DOMH
Q4 25
$78.2M
$80.5M
Q3 25
$58.7M
$176.2M
Q2 25
$66.3M
$28.2M
Q1 25
$59.8M
$18.9M
Q4 24
$73.5M
$8.2M
Q3 24
$90.3M
$7.2M
Q2 24
$73.2M
$12.1M
Q1 24
$85.5M
$7.1M
Total Debt
CDXS
CDXS
DOMH
DOMH
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
Stockholders' Equity
CDXS
CDXS
DOMH
DOMH
Q4 25
$50.5M
$69.4M
Q3 25
$38.5M
$210.2M
Q2 25
$55.6M
$88.6M
Q1 25
$49.6M
$42.4M
Q4 24
$66.9M
$39.9M
Q3 24
$73.4M
$38.3M
Q2 24
$61.4M
$42.4M
Q1 24
$79.3M
$47.7M
Total Assets
CDXS
CDXS
DOMH
DOMH
Q4 25
$147.8M
$112.9M
Q3 25
$124.0M
$223.4M
Q2 25
$138.2M
$109.3M
Q1 25
$128.9M
$52.3M
Q4 24
$149.0M
$47.1M
Q3 24
$148.2M
$43.4M
Q2 24
$132.0M
$49.1M
Q1 24
$149.6M
$52.2M
Debt / Equity
CDXS
CDXS
DOMH
DOMH
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
CDXS
CDXS
DOMH
DOMH
Operating Cash FlowLast quarter
$20.1M
$22.7M
Free Cash FlowOCF − Capex
$19.6M
FCF MarginFCF / Revenue
50.3%
Capex IntensityCapex / Revenue
1.3%
Cash ConversionOCF / Net Profit
2.09×
TTM Free Cash FlowTrailing 4 quarters
$-23.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CDXS
CDXS
DOMH
DOMH
Q4 25
$20.1M
$22.7M
Q3 25
$-7.7M
$-4.9M
Q2 25
$-18.0M
$-353.0K
Q1 25
$-13.8M
$1.2M
Q4 24
$-16.5M
$-16.7M
Q3 24
$-13.0M
$-4.7M
Q2 24
$-12.2M
$1.4M
Q1 24
$-7.8M
$-8.6M
Free Cash Flow
CDXS
CDXS
DOMH
DOMH
Q4 25
$19.6M
Q3 25
$-7.9M
Q2 25
$-20.5M
Q1 25
$-15.1M
Q4 24
$-18.2M
Q3 24
$-14.0M
Q2 24
$-12.6M
Q1 24
$-8.9M
FCF Margin
CDXS
CDXS
DOMH
DOMH
Q4 25
50.3%
Q3 25
-91.7%
Q2 25
-133.6%
Q1 25
-199.6%
Q4 24
-85.0%
Q3 24
-109.0%
Q2 24
-157.5%
Q1 24
-52.2%
Capex Intensity
CDXS
CDXS
DOMH
DOMH
Q4 25
1.3%
Q3 25
2.1%
Q2 25
16.4%
Q1 25
16.7%
Q4 24
8.3%
Q3 24
7.8%
Q2 24
5.0%
Q1 24
6.6%
Cash Conversion
CDXS
CDXS
DOMH
DOMH
Q4 25
2.09×
Q3 25
-0.04×
Q2 25
-0.02×
Q1 25
Q4 24
-15.65×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CDXS
CDXS

Segment breakdown not available.

DOMH
DOMH

Chief Operating Decision Maker$30.1M100%
Commissions$458.0K2%

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