Is CODEXIS, INC. (CDXS) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 53.9% / 30% | 66.1% / 30% | 17.0% / 30% | 6.18% / 5% | ✗ NOT HALAL |
| DJIM | 53.9% / 33% | 66.1% / 33% | 17.0% / 33% | 6.18% / 5% | ✗ NOT HALAL |
| MSCI | 40.2% / 33% | 49.3% / 33% | 12.7% / 33% | 6.18% / 5% | ✗ NOT HALAL |
| S&P | 53.9% / 33% | 66.1% / 33% | 17.0% / 33% | 6.18% / 5% | ✗ NOT HALAL |
| FTSE | 40.2% / 33% | 49.3% / 33% | 12.7% / 50% | 6.18% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 12.4% | |
| Operating Margin | 35.9% | |
| Net Margin | -62.5% | |
| Return on Equity (ROE) | -74.9% | |
| Return on Assets (ROA) | -16.1% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$19M |
| Free Cash Flow | -$24M |
| Total Debt | $73M |
| Debt-to-Equity | 144.9 |
| Current Ratio | 3.8 |
| Total Assets | $148M |
Price & Trading
| Last Close | $1.66 |
| 50-Day MA | $1.37 |
| 200-Day MA | $2.10 |
| Avg Volume | 2.2M |
| Beta | 2.5 |
|
52-Week Range
$0.96
| |
About CODEXIS, INC. (CDXS)
Codexis, Inc. provides technology solutions for therapeutics manufacturing, leveraging its proprietary CodeEvolver technology platform to discover, develop, enhance, and commercialize novel enzymes in the United States, Canada, Latin America, Europe, the Middle East, Africa, Australia, New Zealand, Southeast Asia, and China. The company develops its proprietary ECO Synthesis manufacturing platform to enable the scaled manufacture of RNAi therapeutics through an enzymatic route. It has a license agreement with Aldevron LLC and Pfizer Inc. The company was incorporated in 2002 and is headquartered in Redwood City, California.
Related Halal Stocks in Healthcare
Frequently Asked Questions
Is CODEXIS, INC. (CDXS) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), CODEXIS, INC. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is CODEXIS, INC.'s debt ratio?
CODEXIS, INC.'s debt ratio is 53.9% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 40.2%.
What are CODEXIS, INC.'s key financial metrics?
CODEXIS, INC. has a market capitalization of $144M, and revenue of $70M. The company maintains a gross margin of 12.4% and a net margin of -62.5%. Return on equity stands at -74.9%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.