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Side-by-side financial comparison of CODEXIS, INC. (CDXS) and Hyperscale Data, Inc. (GPUS). Click either name above to swap in a different company.
CODEXIS, INC. is the larger business by last-quarter revenue ($38.9M vs $26.9M, roughly 1.4× Hyperscale Data, Inc.). CODEXIS, INC. runs the higher net margin — 24.7% vs -112.0%, a 136.6% gap on every dollar of revenue. On growth, CODEXIS, INC. posted the faster year-over-year revenue change (81.3% vs 38.4%). CODEXIS, INC. produced more free cash flow last quarter ($19.6M vs $-56.2M). Over the past eight quarters, CODEXIS, INC.'s revenue compounded faster (51.0% CAGR vs -16.3%).
Codexis, Inc. is a protein engineering company that develops enzymes for pharmaceutical, food and medical applications.
Hyperscale Data, Inc. provides GPU-accelerated computing infrastructure and cloud solutions tailored for AI development, big data processing, and high-performance computing workloads. It primarily serves AI startups, large technology firms, and cloud service providers across North America and the Asia-Pacific region, delivering scalable, high-efficiency computing resources to support complex data processing needs.
CDXS vs GPUS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $38.9M | $26.9M |
| Net Profit | $9.6M | $-30.1M |
| Gross Margin | 94.8% | 14.5% |
| Operating Margin | 27.1% | -117.8% |
| Net Margin | 24.7% | -112.0% |
| Revenue YoY | 81.3% | 38.4% |
| Net Profit YoY | 192.5% | -6670.3% |
| EPS (diluted) | $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 | $38.9M | $26.9M | ||
| Q3 25 | $8.6M | $24.3M | ||
| Q2 25 | $15.3M | $25.9M | ||
| Q1 25 | $7.5M | $25.0M | ||
| Q4 24 | $21.5M | $19.4M | ||
| Q3 24 | $12.8M | $31.1M | ||
| Q2 24 | $8.0M | $17.8M | ||
| Q1 24 | $17.1M | $38.4M |
| Q4 25 | $9.6M | $-30.1M | ||
| Q3 25 | $-19.6M | $-13.0M | ||
| Q2 25 | $-13.3M | $-19.1M | ||
| Q1 25 | $-20.7M | $-4.2M | ||
| Q4 24 | $-10.4M | $-445.0K | ||
| Q3 24 | $-20.6M | $-25.5M | ||
| Q2 24 | $-22.8M | $-33.9M | ||
| Q1 24 | $-11.5M | $3.7M |
| Q4 25 | 94.8% | 14.5% | ||
| Q3 25 | 71.3% | 25.8% | ||
| Q2 25 | 86.3% | 23.7% | ||
| Q1 25 | 63.8% | 21.1% | ||
| Q4 24 | 83.0% | 6.5% | ||
| Q3 24 | 66.4% | 27.5% | ||
| Q2 24 | 56.6% | -21.3% | ||
| Q1 24 | 71.6% | 47.4% |
| Q4 25 | 27.1% | -117.8% | ||
| Q3 25 | -220.3% | -57.8% | ||
| Q2 25 | -83.9% | -39.2% | ||
| Q1 25 | -271.6% | -25.5% | ||
| Q4 24 | -34.2% | -46.8% | ||
| Q3 24 | -129.0% | -79.2% | ||
| Q2 24 | -284.9% | -151.4% | ||
| Q1 24 | -69.6% | 9.5% |
| Q4 25 | 24.7% | -112.0% | ||
| Q3 25 | -228.1% | -53.5% | ||
| Q2 25 | -86.6% | -73.7% | ||
| Q1 25 | -274.3% | -16.8% | ||
| Q4 24 | -48.4% | -2.3% | ||
| Q3 24 | -160.8% | -82.3% | ||
| Q2 24 | -285.2% | -190.7% | ||
| Q1 24 | -67.4% | 9.7% |
| Q4 25 | $0.13 | — | ||
| Q3 25 | $-0.22 | $-0.39 | ||
| Q2 25 | $-0.16 | $-2.66 | ||
| Q1 25 | $-0.25 | — | ||
| Q4 24 | $-0.12 | $-8.78 | ||
| Q3 24 | $-0.29 | $-24.82 | ||
| Q2 24 | $-0.32 | $-37.81 | ||
| Q1 24 | $-0.16 | $3.32 |
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 | $13.1M |
| Total DebtLower is stronger | $40.1M | $83.1M |
| Stockholders' EquityBook value | $50.5M | $119.8M |
| Total Assets | $147.8M | $313.7M |
| Debt / EquityLower = less leverage | 0.79× | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $78.2M | $13.1M | ||
| Q3 25 | $58.7M | $24.8M | ||
| Q2 25 | $66.3M | $5.9M | ||
| Q1 25 | $59.8M | $4.2M | ||
| Q4 24 | $73.5M | $4.5M | ||
| Q3 24 | $90.3M | $7.9M | ||
| Q2 24 | $73.2M | $9.6M | ||
| Q1 24 | $85.5M | $18.9M |
| Q4 25 | $40.1M | $83.1M | ||
| Q3 25 | $39.7M | $80.0M | ||
| Q2 25 | $39.4M | $88.5M | ||
| Q1 25 | $29.2M | $92.8M | ||
| Q4 24 | $28.9M | $96.7M | ||
| Q3 24 | $28.6M | $104.8M | ||
| Q2 24 | $28.4M | $106.8M | ||
| Q1 24 | $28.1M | $30.0M |
| Q4 25 | $50.5M | $119.8M | ||
| Q3 25 | $38.5M | $55.9M | ||
| Q2 25 | $55.6M | $5.5M | ||
| Q1 25 | $49.6M | $6.3M | ||
| Q4 24 | $66.9M | $8.6M | ||
| Q3 24 | $73.4M | $2.7M | ||
| Q2 24 | $61.4M | $26.7M | ||
| Q1 24 | $79.3M | $59.0M |
| Q4 25 | $147.8M | $313.7M | ||
| Q3 25 | $124.0M | $242.4M | ||
| Q2 25 | $138.2M | $213.5M | ||
| Q1 25 | $128.9M | $218.5M | ||
| Q4 24 | $149.0M | $220.8M | ||
| Q3 24 | $148.2M | $231.5M | ||
| Q2 24 | $132.0M | $270.8M | ||
| Q1 24 | $149.6M | $299.8M |
| Q4 25 | 0.79× | 0.69× | ||
| Q3 25 | 1.03× | 1.43× | ||
| Q2 25 | 0.71× | 16.06× | ||
| Q1 25 | 0.59× | 14.71× | ||
| Q4 24 | 0.43× | 11.19× | ||
| Q3 24 | 0.39× | 38.41× | ||
| Q2 24 | 0.46× | 4.00× | ||
| Q1 24 | 0.35× | 0.51× |
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 | $20.1M | $-37.7M |
| Free Cash FlowOCF − Capex | $19.6M | $-56.2M |
| FCF MarginFCF / Revenue | 50.3% | -208.7% |
| Capex IntensityCapex / Revenue | 1.3% | 68.6% |
| Cash ConversionOCF / Net Profit | 2.09× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-23.8M | $-87.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.1M | $-37.7M | ||
| Q3 25 | $-7.7M | $-17.8M | ||
| Q2 25 | $-18.0M | $-3.1M | ||
| Q1 25 | $-13.8M | $-4.0M | ||
| Q4 24 | $-16.5M | $-9.2M | ||
| Q3 24 | $-13.0M | $3.7M | ||
| Q2 24 | $-12.2M | $-3.7M | ||
| Q1 24 | $-7.8M | $-10.2M |
| Q4 25 | $19.6M | $-56.2M | ||
| Q3 25 | $-7.9M | $-20.6M | ||
| Q2 25 | $-20.5M | $-3.5M | ||
| Q1 25 | $-15.1M | $-6.8M | ||
| Q4 24 | $-18.2M | $-9.3M | ||
| Q3 24 | $-14.0M | $2.6M | ||
| Q2 24 | $-12.6M | $-5.9M | ||
| Q1 24 | $-8.9M | $-11.6M |
| Q4 25 | 50.3% | -208.7% | ||
| Q3 25 | -91.7% | -84.5% | ||
| Q2 25 | -133.6% | -13.5% | ||
| Q1 25 | -199.6% | -27.3% | ||
| Q4 24 | -85.0% | -47.6% | ||
| Q3 24 | -109.0% | 8.4% | ||
| Q2 24 | -157.5% | -33.4% | ||
| Q1 24 | -52.2% | -30.3% |
| Q4 25 | 1.3% | 68.6% | ||
| Q3 25 | 2.1% | 11.5% | ||
| Q2 25 | 16.4% | 1.5% | ||
| Q1 25 | 16.7% | 11.5% | ||
| Q4 24 | 8.3% | 0.3% | ||
| Q3 24 | 7.8% | 3.6% | ||
| Q2 24 | 5.0% | 12.6% | ||
| Q1 24 | 6.6% | 3.7% |
| Q4 25 | 2.09× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -2.75× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CDXS
Segment breakdown not available.
GPUS
| Transferred Over Time | $10.4M | 39% |
| Revenue From Mined Crypto Assets At Sentinum Owned And Operated Facilities | $5.8M | 21% |
| Hotel And Real Estate Operations | $4.8M | 18% |
| Other | $4.0M | 15% |
| Turn On Green | $2.0M | 7% |
