What move does the options market price into Codexis's report?

Implied ±39.4%, either direction.

How often does Codexis move more than the options market prices?

1 of the last 7 reports moved at least as far as the implied move.

CDXSNasdaqIndustrial Organic Chemicals

Codexis, Inc. (CDXS) earnings date, market-implied expected move, and options open interest by expiry

1.07

Pre-market16:00 ETdelayed

Open1.07Volume613,169Mkt cap$98.3M

Day1.06 – 1.0882%52-wk0.96 – 2.986%

CDXS

Codexis, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±39.4%implied · straddle

0.661.51

spot 1.08exp Nov 20ATM strike 1ATM straddle 0.50IV 285%

Nov 3 closethin chain

Expected move

Inputs

Next report

Nov 5

after close · in 1 day

est.Q3 FY26

Calendar

Next report

Last report

+8.11%

vs ±34.8% implied · ×0.23

shaded = implied · ▲▼ = realized

Aug 11 '26 · confirmed

Implied vs realized

Largest filed tie

51.00%

of CDXS revenue · One customer

customerCDXS 10-K

Supply chain

Largest filed tie

13F top-10 QoQ

+0.27%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

147 managers

Top fund weight

0.01%

CDXS weight · IWM

N-PORTJun 30 '26

3 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Codexis (CDXS) is expected to report on Nov 5 after close (estimated date).

Implied vs realized

8 reports

1 of 7≥ implied

avg implied: ±27.5%
avg realized: ±15.1%

Oct 31 '24Oct 31 '24confirmed±29.5%▲+11.46%×0.39

Feb 27 '25Feb 27 '25confirmed±15.5%▼−22.65%×1.47

May 14 '25May 14 '25confirmed—▲+1.62%—

Aug 13 '25Aug 13 '25confirmed±14.7%▲+1.64%×0.11

Q3 FY25Nov 6 '25confirmed±23.6%▼−16.95%×0.72

Q1 FY26Mar 11 '26confirmed±46.9%▲+34.65%×0.74

May 7 '26May 7 '26confirmed±27.8%▲+10.47%×0.38

Q2 FY26Aug 11 '26confirmed±34.8%▲+8.11%×0.23

quarterimplied−50%0+50%realized×

Q2 FY26±34.8%▲+8.11%×0.23

May '26±27.8%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 3 expiries · Nov 3 close

0.27OI · 3 expiries · Nov 3 closeP/C open interest · Nov 20 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

530%Nov 2016d1960%

290%Dec 1844d0.038890%0.03

11+10%Mar 19135d0.042830%0.04

ExpiryPutsCallsP/C

Nov 2016d530%1960%0.27

Dec 1844d290%8890%0.03

Mar 19135d11+10%2830%0.04

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±39.4%

Funds 3

IWM±0.0%

UWM±0.0%

VTI±0.0%

Dashed = straddleMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY26

−80.49%as filednet margin · revenue −2.18% QoQ · −2.69% YoY

Revenue$15M−2.18%

Gross profit$11M76.45%−13.51%

Operating income−$11M−75.29%−39.61%

Pre-tax income−$12M−38.38%

Net income−$12M−80.49%−37.93%

Cost of revenue$4M+70.16%

Operating expenses$23M+6.62%

Tax$10,000−72.22%

Other expense−$766,000−22.56%

Source: SEC filings · standardized · QE Jun 30 '26 · bars = % of revenue

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 3 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 16:00 ET

Intraday

Event sensitivity

PCE ×1.07· ±4.0% vs ±3.8% · 19 releases

eventrelease day|move|up · n×base

PCEpersonal income & outlays±4.0%8 of 19×1.07

CPIconsumer prices±3.9%6 of 10×1.02

NFPjobs report±3.9%4 of 10×1.02

FOMCrate decision±3.5%6 of 24×0.92

CPROFcorporate profits±3.2%8 of 12×0.84

PPIproducer prices±2.6%5 of 10×0.69

GDPgross domestic product±2.4%10 of 19×0.64

Bar = avg |move| to ±5% · tick = ±3.8% avg day · ×base = |move| ÷ ±3.8% · min 6 releases

Earnings history

EPS -0.13 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	Aug 11 '26 · confirmed	-0.13	—
Q1 FY26	Mar 11 '26 · confirmed	-0.10	—
Q3 FY25	Nov 6 '25 · confirmed	-0.22	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod