Co-Diagnostics, Inc. financial data

Symbol
CODX on Nasdaq
Location
4049 South Highland Drive, Salt Lake City, UT
Fiscal year end
December 31
Latest financial report
10-Q - Q3 2025 - Nov 13, 2025

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 425 % -53.9%
Quick Ratio 21.6 % -19.8%
Debt-to-equity 14.8 % +29.1%
Return On Equity -70.3 % -27.9%
Return On Assets -61.2 % -24.2%
Operating Margin -7K % -1180%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 60.9M shares +90.7%
Common Stock, Shares, Outstanding 48.1M shares +50.8%
Entity Public Float 37M USD +12.1%
Common Stock, Value, Issued 53K USD +44.1%
Weighted Average Number of Shares Outstanding, Basic 37.9M shares +24.3%
Weighted Average Number of Shares Outstanding, Diluted 37.9M shares +24.3%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 508K USD -93.1%
Cost of Revenue 335K USD -91%
Research and Development Expense 18.8M USD -15.7%
Selling and Marketing Expense 2.65M USD -48.8%
General and Administrative Expense 13M USD -11.8%
Operating Income (Loss) -35.5M USD +11.2%
Nonoperating Income (Expense) 2.2M USD -15.9%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -33.3M USD +10.8%
Income Tax Expense (Benefit) -1.15M USD -130%
Net Income (Loss) Attributable to Parent -32.2M USD +22%
Earnings Per Share, Basic 0 USD/shares +27.7%
Earnings Per Share, Diluted 0 USD/shares +27.7%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 11.4M USD +5.99%
Marketable Securities, Current 2.25M USD -92.8%
Accounts Receivable, after Allowance for Credit Loss, Current 55.9K USD -68.6%
Inventory, Net 1.09M USD -13.9%
Assets, Current 14.1M USD -65%
Deferred Income Tax Assets, Net 4.27M USD
Property, Plant and Equipment, Net 2.49M USD -16.7%
Operating Lease, Right-of-Use Asset 1.44M USD -38.3%
Intangible Assets, Net (Excluding Goodwill) 26.1M USD -0.29%
Assets 44.7M USD -38.2%
Accounts Payable, Current 1.46M USD -33%
Accrued Liabilities, Current 1.2M USD -34%
Contract with Customer, Liability, Current 45.6K USD -24.7%
Liabilities, Current 3.69M USD -36.3%
Deferred Income Tax Liabilities, Net 203K USD -96.5%
Operating Lease, Liability, Noncurrent 728K USD -50.6%
Liabilities 4.91M USD -42.9%
Accumulated Other Comprehensive Income (Loss), Net of Tax 94.9K USD -76.8%
Retained Earnings (Accumulated Deficit) -54.2M USD -146%
Stockholders' Equity Attributable to Parent 39.8M USD -37.6%
Liabilities and Equity 44.7M USD -38.2%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -8.75M USD -3%
Net Cash Provided by (Used in) Financing Activities 355K USD
Net Cash Provided by (Used in) Investing Activities 7.36M USD -55.9%
Common Stock, Shares Authorized 100M shares 0%
Common Stock, Shares, Issued 53M shares +44.1%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -1.03M USD -113%
Deferred Tax Assets, Valuation Allowance 14.9M USD +115%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 22.1M USD +44.6%
Operating Lease, Liability 1.47M USD -37.9%
Payments to Acquire Property, Plant, and Equipment 91.9K USD -77.2%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -32.5M USD +21.7%
Lessee, Operating Lease, Liability, to be Paid 1.58M USD -39.1%
Operating Lease, Liability, Current 744K USD -17%
Lessee, Operating Lease, Liability, to be Paid, Year Two 301K USD -57.9%
Lessee, Operating Lease, Liability, to be Paid, Year One 715K USD -29.8%
Operating Lease, Weighted Average Discount Rate, Percent 0.06 pure 0%
Deferred Income Tax Expense (Benefit) -2.21M USD -62.9%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 107K USD -52.2%
Lessee, Operating Lease, Liability, to be Paid, Year Three 308K USD +2.62%
Deferred Tax Assets, Operating Loss Carryforwards 8.55M USD +112%
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 5M shares 0%
Unrecognized Tax Benefits 1.2M USD +11.3%
Lessee, Operating Lease, Liability, to be Paid, Year Four 308K USD +2.62%
Operating Lease, Payments 258K USD -1.75%
Additional Paid in Capital 109M USD +8.45%
Preferred Stock, Shares Outstanding 0 shares
Depreciation, Depletion and Amortization 280K USD -15.2%
Deferred Tax Assets, Net of Valuation Allowance 7.19M USD -13.6%
Share-based Payment Arrangement, Expense 3.27M USD -44.9%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%