35 /100
MEDIUM RISK
Score updated Jul 13, 2026

CDXS — Codexis, Inc. Dilution Risk Tracker

Track CDXS dilution risk with DilutionWatch's stock tracker. DilutionScore™ measures dilution risk across 5 factors — lower scores indicate higher risk of share dilution.

⚠️ Not financial advice. Do your own research before making any investment decisions.

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As of July 13, 2026, Codexis, Inc. (CDXS) has a DilutionWatch DilutionScore of 35/100, rated MEDIUM dilution risk. Codexis, Inc. has a market capitalization of $251.78M, 90.90M shares outstanding, 133 institutional holders tracked. Key dilution vectors include approximately 18 months of cash runway.

Source: DilutionWatch (dilutionwatch.com) — data updated daily from SEC EDGAR filings. Not financial advice.

📊 Score Breakdown

📋 Offering Ability
42
💰 Cash Runway
40
📊 Float Risk
5
⚠️ Warrant Exposure
40
🔄Convertible Debt

🌦️ Dilution Forecast

☀️
Clear
No significant dilution signals
7%
🔄 Reverse Split 15%
• 52-week low $0.96 has breached $1
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💹 Market Data

Market Cap$251.78M
Shares Outstanding90.90M
Float72.98M
Cash$65.14M
Debt$40.48M
Short InterestN/A

🏛 Institutional Holdings

QoQ: ↑ 20.9% shares (2026Q1 vs prior)
133 institutional holders · 79.26M shares
#1 Opaleye Management Inc. 13.57M shares
#2 Aberdeen Group plc 8.68M shares
#3 VANGUARD CAPITAL MANAGEMENT LLC 7.34M shares
+ 17 more holders Sign up free to view →

📉 Short Interest

Short Interest3.23M
Days to Cover3.0
% of Float4.4%
FINRA data as of Jun 30, 2026

📁 Recent SEC Activity

xbrl XBRL WARRANT Dec 31, 2024
xbrl XBRL CONVERTIBLE Dec 31, 2010
4 INSIDER TRANSACTION Feb 25, 2026
4 INSIDER TRANSACTION Feb 25, 2026
4 INSIDER TRANSACTION Feb 25, 2026
Full SEC filing analysis available with free account

📰 Recent News

No recent news

📋 What This Means for CDXS Shareholders

Codexis, Inc. (CDXS) has a DilutionScore of 35/100, rated Medium dilution risk. This tier indicates some dilution exposure — often an older shelf registration with remaining capacity, warrants not yet exercised, or a cash position that will require monitoring over the next several quarters. Score as of July 13, 2026.

Cash runway is a key watch item: CDXS has approximately 18 months of runway at current burn rate. Companies with less than 18 months of runway are statistically more likely to file new shelf registrations or ATM programs within the next two quarters. DilutionWatch monitors SEC 10-Q filings to update this estimate each quarter.

DilutionWatch tracks over 25 SEC filing types for CDXS in real-time, scanning EDGAR every 60 seconds. The DilutionWatch screener shows real-time score changes for CDXS alongside comparable medium-risk stocks. Not financial advice — this analysis is for informational purposes only.

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