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

Hour Loop, Inc is the larger business by last-quarter revenue ($56.1M vs $38.9M, roughly 1.4× CODEXIS, INC.). CODEXIS, INC. runs the higher net margin — 24.7% vs -1.2%, a 25.8% gap on every dollar of revenue. On growth, CODEXIS, INC. posted the faster year-over-year revenue change (81.3% vs 3.0%). CODEXIS, INC. produced more free cash flow last quarter ($19.6M vs $3.0M). Over the past eight quarters, CODEXIS, INC.'s revenue compounded faster (51.0% CAGR vs 50.7%).

Codexis, Inc. is a protein engineering company that develops enzymes for pharmaceutical, food and medical applications.

Hour Loop, Inc. is an e-commerce retail company that offers a diverse portfolio of products including home goods, apparel, toys, electronics accessories, and daily consumer essentials. It primarily operates through leading third-party online marketplaces, with its core customer base concentrated in North America, focusing on delivering affordable, high-value daily products to mass consumers.

CDXS vs HOUR — Head-to-Head

Bigger by revenue
HOUR
HOUR
1.4× larger
HOUR
$56.1M
$38.9M
CDXS
Growing faster (revenue YoY)
CDXS
CDXS
+78.3% gap
CDXS
81.3%
3.0%
HOUR
Higher net margin
CDXS
CDXS
25.8% more per $
CDXS
24.7%
-1.2%
HOUR
More free cash flow
CDXS
CDXS
$16.6M more FCF
CDXS
$19.6M
$3.0M
HOUR
Faster 2-yr revenue CAGR
CDXS
CDXS
Annualised
CDXS
51.0%
50.7%
HOUR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CDXS
CDXS
HOUR
HOUR
Revenue
$38.9M
$56.1M
Net Profit
$9.6M
$-657.3K
Gross Margin
94.8%
49.6%
Operating Margin
27.1%
-1.5%
Net Margin
24.7%
-1.2%
Revenue YoY
81.3%
3.0%
Net Profit YoY
192.5%
57.0%
EPS (diluted)
$0.13
$-0.02

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
HOUR
HOUR
Q4 25
$38.9M
$56.1M
Q3 25
$8.6M
$33.4M
Q2 25
$15.3M
$27.1M
Q1 25
$7.5M
$25.8M
Q4 24
$21.5M
$54.4M
Q3 24
$12.8M
$31.1M
Q2 24
$8.0M
$28.1M
Q1 24
$17.1M
$24.7M
Net Profit
CDXS
CDXS
HOUR
HOUR
Q4 25
$9.6M
$-657.3K
Q3 25
$-19.6M
$530.6K
Q2 25
$-13.3M
$1.2M
Q1 25
$-20.7M
$654.5K
Q4 24
$-10.4M
$-1.5M
Q3 24
$-20.6M
$469.6K
Q2 24
$-22.8M
$649.1K
Q1 24
$-11.5M
$1.1M
Gross Margin
CDXS
CDXS
HOUR
HOUR
Q4 25
94.8%
49.6%
Q3 25
71.3%
51.4%
Q2 25
86.3%
57.2%
Q1 25
63.8%
54.7%
Q4 24
83.0%
45.7%
Q3 24
66.4%
54.8%
Q2 24
56.6%
55.7%
Q1 24
71.6%
58.6%
Operating Margin
CDXS
CDXS
HOUR
HOUR
Q4 25
27.1%
-1.5%
Q3 25
-220.3%
2.2%
Q2 25
-83.9%
6.0%
Q1 25
-271.6%
3.6%
Q4 24
-34.2%
-4.5%
Q3 24
-129.0%
2.3%
Q2 24
-284.9%
3.3%
Q1 24
-69.6%
6.2%
Net Margin
CDXS
CDXS
HOUR
HOUR
Q4 25
24.7%
-1.2%
Q3 25
-228.1%
1.6%
Q2 25
-86.6%
4.3%
Q1 25
-274.3%
2.5%
Q4 24
-48.4%
-2.8%
Q3 24
-160.8%
1.5%
Q2 24
-285.2%
2.3%
Q1 24
-67.4%
4.3%
EPS (diluted)
CDXS
CDXS
HOUR
HOUR
Q4 25
$0.13
$-0.02
Q3 25
$-0.22
$0.01
Q2 25
$-0.16
$0.04
Q1 25
$-0.25
$0.02
Q4 24
$-0.12
$-0.04
Q3 24
$-0.29
$0.01
Q2 24
$-0.32
$0.02
Q1 24
$-0.16
$0.03

Balance Sheet & Financial Strength

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

Metric
CDXS
CDXS
HOUR
HOUR
Cash + ST InvestmentsLiquidity on hand
$78.2M
Total DebtLower is stronger
$40.1M
Stockholders' EquityBook value
$50.5M
$7.0M
Total Assets
$147.8M
$23.8M
Debt / EquityLower = less leverage
0.79×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CDXS
CDXS
HOUR
HOUR
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
$2.9M
Total Debt
CDXS
CDXS
HOUR
HOUR
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
HOUR
HOUR
Q4 25
$50.5M
$7.0M
Q3 25
$38.5M
$7.7M
Q2 25
$55.6M
$7.2M
Q1 25
$49.6M
$5.8M
Q4 24
$66.9M
$5.2M
Q3 24
$73.4M
$6.7M
Q2 24
$61.4M
$6.2M
Q1 24
$79.3M
$5.5M
Total Assets
CDXS
CDXS
HOUR
HOUR
Q4 25
$147.8M
$23.8M
Q3 25
$124.0M
$31.6M
Q2 25
$138.2M
$23.0M
Q1 25
$128.9M
$19.1M
Q4 24
$149.0M
$20.0M
Q3 24
$148.2M
$32.4M
Q2 24
$132.0M
$20.2M
Q1 24
$149.6M
$16.7M
Debt / Equity
CDXS
CDXS
HOUR
HOUR
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
HOUR
HOUR
Operating Cash FlowLast quarter
$20.1M
$3.0M
Free Cash FlowOCF − Capex
$19.6M
$3.0M
FCF MarginFCF / Revenue
50.3%
5.3%
Capex IntensityCapex / Revenue
1.3%
0.0%
Cash ConversionOCF / Net Profit
2.09×
TTM Free Cash FlowTrailing 4 quarters
$-23.8M
$2.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CDXS
CDXS
HOUR
HOUR
Q4 25
$20.1M
$3.0M
Q3 25
$-7.7M
$500.4K
Q2 25
$-18.0M
$-901.5K
Q1 25
$-13.8M
$-23.9K
Q4 24
$-16.5M
$1.5M
Q3 24
$-13.0M
$-2.2M
Q2 24
$-12.2M
$456.2K
Q1 24
$-7.8M
$492.9K
Free Cash Flow
CDXS
CDXS
HOUR
HOUR
Q4 25
$19.6M
$3.0M
Q3 25
$-7.9M
$449.3K
Q2 25
$-20.5M
$-901.6K
Q1 25
$-15.1M
$-24.6K
Q4 24
$-18.2M
$1.5M
Q3 24
$-14.0M
$-2.2M
Q2 24
$-12.6M
$439.4K
Q1 24
$-8.9M
$475.1K
FCF Margin
CDXS
CDXS
HOUR
HOUR
Q4 25
50.3%
5.3%
Q3 25
-91.7%
1.3%
Q2 25
-133.6%
-3.3%
Q1 25
-199.6%
-0.1%
Q4 24
-85.0%
2.8%
Q3 24
-109.0%
-7.0%
Q2 24
-157.5%
1.6%
Q1 24
-52.2%
1.9%
Capex Intensity
CDXS
CDXS
HOUR
HOUR
Q4 25
1.3%
0.0%
Q3 25
2.1%
0.2%
Q2 25
16.4%
0.0%
Q1 25
16.7%
0.0%
Q4 24
8.3%
0.0%
Q3 24
7.8%
0.0%
Q2 24
5.0%
0.1%
Q1 24
6.6%
0.1%
Cash Conversion
CDXS
CDXS
HOUR
HOUR
Q4 25
2.09×
Q3 25
0.94×
Q2 25
-0.77×
Q1 25
-0.04×
Q4 24
Q3 24
-4.64×
Q2 24
0.70×
Q1 24
0.46×

Financial Flow Comparison

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

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