CODEXIS, INC. (CDXS) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 07, 2026

Risk Assessment Details

Potential Dilution: 0.38% of current shares
Recent Dilution: 27.31% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
91M
Potential Supply
350K
Additional shares possible
Splits
None
Past 2 years

Summary

CDXS currently has 90.8M outstanding shares. with limited dilution risk as only 349K additional shares (0.4%) are authorized for issuance. The company has significantly diluted shareholders by 27.31% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 07, 2026

10-Q filing | 90.8M shares outstanding

91M 350K
Nov 06, 2025

10-Q filing | 90.3M shares outstanding

90M 870K
Aug 13, 2025

10-Q filing | 85.4M shares outstanding

85M 5.7M
May 14, 2025

10-Q filing | 82.4M shares outstanding

82M 8.7M
Feb 27, 2025

10-K filing | 82.8M shares outstanding

83M 8.3M
Oct 31, 2024

10-Q filing | 81.4M shares outstanding

81M 9.7M
Aug 08, 2024

10-Q filing | 70.4M shares outstanding

70M 21M
May 02, 2024

S-3 filing: Codexis, Inc. files an S-3 form to offer and sell up to an aggregate of $200,000,000 of common stock, preferred stock, and debt securities from time to time in one or more offerings.

71M 21M
May 02, 2024

10-Q filing | 69.9M shares outstanding

70M 21M
Feb 28, 2024

10-K filing | 68.1M shares outstanding

68M 0
Nov 03, 2023

10-Q filing | 69.5M shares outstanding

69M 0
Aug 03, 2023

10-Q filing | 67.6M shares outstanding

68M 0
May 04, 2023

10-Q filing | 65.9M shares outstanding

66M 0
Feb 28, 2023

POS AM filing: Codexis, Inc. is offering common stock, preferred stock, debt securities, warrants, purchase contracts, and units up to an aggregate amount of $200,000,000 from time to time in one or more offerings.

66M 0
Feb 27, 2023

10-K filing | 65.3M shares outstanding

65M 0
Nov 04, 2022

10-Q filing | 65.4M shares outstanding

65M 0
Aug 05, 2022

10-Q filing | 65.3M shares outstanding

65M 0
May 09, 2022

10-Q filing | 65.1M shares outstanding

65M 0
Feb 28, 2022

10-K filing | 64.6M shares outstanding

65M 0
Nov 05, 2021

10-Q filing | 64.6M shares outstanding

65M 0
Aug 06, 2021

10-Q filing | 64.4M shares outstanding

64M 0
May 07, 2021

10-Q filing | 64.3M shares outstanding

64M 0
Mar 01, 2021

10-K filing | 64.4M shares outstanding

64M 0
Nov 06, 2020

10-Q filing | 59.1M shares outstanding

59M 0
Aug 07, 2020

10-Q filing | 59.1M shares outstanding

59M 0
May 08, 2020

10-Q filing | 59.0M shares outstanding

59M 0
Feb 28, 2020

10-K filing | 58.9M shares outstanding

59M 0
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