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Side-by-side financial comparison of CODEXIS, INC. (CDXS) and Nano Dimension Ltd. (NNDM). Click either name above to swap in a different company.
Nano Dimension Ltd. is the larger business by last-quarter revenue ($57.8M vs $38.9M, roughly 1.5× CODEXIS, INC.). CODEXIS, INC. runs the higher net margin — 24.7% vs -171.1%, a 195.7% gap on every dollar of revenue. CODEXIS, INC. produced more free cash flow last quarter ($19.6M vs $-21.1M).
Codexis, Inc. is a protein engineering company that develops enzymes for pharmaceutical, food and medical applications.
Nano Dimension Ltd. is a leading provider of additively manufactured electronics solutions and 3D printing technologies. It designs high-precision 3D printers, related materials, and software for producing printed circuit boards, microelectronics components, and multi-layer electronic devices, serving aerospace, defense, medical, automotive, and industrial electronics segments across global markets.
CDXS vs NNDM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2024
| Metric | | |
|---|---|---|
| Revenue | $38.9M | $57.8M |
| Net Profit | $9.6M | $-98.8M |
| Gross Margin | 94.8% | 43.1% |
| Operating Margin | 27.1% | -155.1% |
| Net Margin | 24.7% | -171.1% |
| Revenue YoY | 81.3% | — |
| Net Profit YoY | 192.5% | — |
| EPS (diluted) | $0.13 | $-0.45 |
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 | — | ||
| Q3 25 | $8.6M | — | ||
| Q2 25 | $15.3M | — | ||
| Q1 25 | $7.5M | — | ||
| Q4 24 | $21.5M | $57.8M | ||
| Q3 24 | $12.8M | — | ||
| Q2 24 | $8.0M | $28.4M | ||
| Q1 24 | $17.1M | — |
| Q4 25 | $9.6M | — | ||
| Q3 25 | $-19.6M | — | ||
| Q2 25 | $-13.3M | — | ||
| Q1 25 | $-20.7M | — | ||
| Q4 24 | $-10.4M | $-98.8M | ||
| Q3 24 | $-20.6M | — | ||
| Q2 24 | $-22.8M | $-79.2M | ||
| Q1 24 | $-11.5M | — |
| Q4 25 | 94.8% | — | ||
| Q3 25 | 71.3% | — | ||
| Q2 25 | 86.3% | — | ||
| Q1 25 | 63.8% | — | ||
| Q4 24 | 83.0% | 43.1% | ||
| Q3 24 | 66.4% | — | ||
| Q2 24 | 56.6% | 45.8% | ||
| Q1 24 | 71.6% | — |
| Q4 25 | 27.1% | — | ||
| Q3 25 | -220.3% | — | ||
| Q2 25 | -83.9% | — | ||
| Q1 25 | -271.6% | — | ||
| Q4 24 | -34.2% | -155.1% | ||
| Q3 24 | -129.0% | — | ||
| Q2 24 | -284.9% | — | ||
| Q1 24 | -69.6% | — |
| Q4 25 | 24.7% | — | ||
| Q3 25 | -228.1% | — | ||
| Q2 25 | -86.6% | — | ||
| Q1 25 | -274.3% | — | ||
| Q4 24 | -48.4% | -171.1% | ||
| Q3 24 | -160.8% | — | ||
| Q2 24 | -285.2% | -279.4% | ||
| Q1 24 | -67.4% | — |
| Q4 25 | $0.13 | — | ||
| Q3 25 | $-0.22 | — | ||
| Q2 25 | $-0.16 | — | ||
| Q1 25 | $-0.25 | — | ||
| Q4 24 | $-0.12 | $-0.45 | ||
| Q3 24 | $-0.29 | — | ||
| Q2 24 | $-0.32 | $-0.35 | ||
| 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 | $317.2M |
| Total DebtLower is stronger | $40.1M | — |
| Stockholders' EquityBook value | $50.5M | $860.0M |
| Total Assets | $147.8M | $902.5M |
| 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 | $317.2M | ||
| Q3 24 | $90.3M | — | ||
| Q2 24 | $73.2M | $231.8M | ||
| 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 | $50.5M | — | ||
| Q3 25 | $38.5M | — | ||
| Q2 25 | $55.6M | — | ||
| Q1 25 | $49.6M | — | ||
| Q4 24 | $66.9M | $860.0M | ||
| Q3 24 | $73.4M | — | ||
| Q2 24 | $61.4M | $870.3M | ||
| Q1 24 | $79.3M | — |
| Q4 25 | $147.8M | — | ||
| Q3 25 | $124.0M | — | ||
| Q2 25 | $138.2M | — | ||
| Q1 25 | $128.9M | — | ||
| Q4 24 | $149.0M | $902.5M | ||
| Q3 24 | $148.2M | — | ||
| Q2 24 | $132.0M | $911.0M | ||
| Q1 24 | $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 | $20.1M | $-18.9M |
| Free Cash FlowOCF − Capex | $19.6M | $-21.1M |
| FCF MarginFCF / Revenue | 50.3% | -36.5% |
| Capex IntensityCapex / Revenue | 1.3% | 3.8% |
| Cash ConversionOCF / Net Profit | 2.09× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-23.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.1M | — | ||
| Q3 25 | $-7.7M | — | ||
| Q2 25 | $-18.0M | — | ||
| Q1 25 | $-13.8M | — | ||
| Q4 24 | $-16.5M | $-18.9M | ||
| Q3 24 | $-13.0M | — | ||
| Q2 24 | $-12.2M | $-30.7M | ||
| Q1 24 | $-7.8M | — |
| Q4 25 | $19.6M | — | ||
| Q3 25 | $-7.9M | — | ||
| Q2 25 | $-20.5M | — | ||
| Q1 25 | $-15.1M | — | ||
| Q4 24 | $-18.2M | $-21.1M | ||
| Q3 24 | $-14.0M | — | ||
| Q2 24 | $-12.6M | — | ||
| Q1 24 | $-8.9M | — |
| Q4 25 | 50.3% | — | ||
| Q3 25 | -91.7% | — | ||
| Q2 25 | -133.6% | — | ||
| Q1 25 | -199.6% | — | ||
| Q4 24 | -85.0% | -36.5% | ||
| Q3 24 | -109.0% | — | ||
| Q2 24 | -157.5% | — | ||
| Q1 24 | -52.2% | — |
| Q4 25 | 1.3% | — | ||
| Q3 25 | 2.1% | — | ||
| Q2 25 | 16.4% | — | ||
| Q1 25 | 16.7% | — | ||
| Q4 24 | 8.3% | 3.8% | ||
| Q3 24 | 7.8% | — | ||
| Q2 24 | 5.0% | — | ||
| Q1 24 | 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.
