Co-Diagnostics, Inc. financial data

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

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 425% % -53.91%
Quick Ratio 22% % -19.8%
Debt-to-equity 15% % 29%
Return On Equity -70.27% % -27.88%
Return On Assets -61.19% % -24.17%
Operating Margin -6,995.7% % -1,180.41%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 60,892,582 shares 91%
Common Stock, Shares, Outstanding 48,142,582 shares 51%
Entity Public Float $37,000,000 USD 12%
Common Stock, Value, Issued $52,991 USD 44%
Weighted Average Number of Shares Outstanding, Basic 37,890,923 shares 24%
Weighted Average Number of Shares Outstanding, Diluted 37,890,923 shares 24%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax $507,892 USD -93.06%
Cost of Revenue $335,049 USD -90.97%
Research and Development Expense $18,845,061 USD -15.69%
Selling and Marketing Expense $2,654,349 USD -48.78%
General and Administrative Expense $13,007,660 USD -11.77%
Operating Income (Loss) $-35,530,592 USD 11%
Nonoperating Income (Expense) $2,198,752 USD -15.91%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $-33,331,840 USD 11%
Income Tax Expense (Benefit) $-1,150,437 USD -129.5%
Net Income (Loss) Attributable to Parent $-32,181,403 USD 22%
Earnings Per Share, Basic 0 USD/shares 28%
Earnings Per Share, Diluted 0 USD/shares 28%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value $11,443,943 USD 6%
Marketable Securities, Current $2,247,638 USD -92.75%
Accounts Receivable, after Allowance for Credit Loss, Current $55,905 USD -68.64%
Inventory, Net $1,089,956 USD -13.91%
Assets, Current $14,054,967 USD -64.95%
Property, Plant and Equipment, Net $2,485,112 USD -16.72%
Operating Lease, Right-of-Use Asset $1,439,779 USD -38.28%
Intangible Assets, Net (Excluding Goodwill) $26,101,000 USD -0.29%
Assets $44,740,761 USD -38.19%
Accounts Payable, Current $1,458,397 USD -32.99%
Accrued Liabilities, Current $1,204,660 USD -34.04%
Contract with Customer, Liability, Current $45,557 USD -24.67%
Liabilities, Current $3,692,725 USD -36.31%
Operating Lease, Liability, Noncurrent $727,943 USD -50.55%
Liabilities $4,912,516 USD -42.86%
Accumulated Other Comprehensive Income (Loss), Net of Tax $94,888 USD -76.76%
Retained Earnings (Accumulated Deficit) $-54,191,053 USD -146.22%
Stockholders' Equity Attributable to Parent $39,828,245 USD -37.56%
Liabilities and Equity $44,740,761 USD -38.19%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities $-8,745,214 USD -3%
Net Cash Provided by (Used in) Financing Activities $354,746 USD
Net Cash Provided by (Used in) Investing Activities $7,356,958 USD -55.87%
Common Stock, Shares Authorized 100,000,000 shares 0%
Common Stock, Shares, Issued 52,991,260 shares 44%
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 $-1,033,510 USD -112.63%
Deferred Tax Assets, Valuation Allowance $14,884,382 USD 115%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross $22,078,233 USD 45%
Operating Lease, Liability $1,472,099 USD -37.86%
Payments to Acquire Property, Plant, and Equipment $91,913 USD -77.15%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $-32,494,881 USD 22%
Lessee, Operating Lease, Liability, to be Paid $1,579,442 USD -39.1%
Operating Lease, Liability, Current $744,156 USD -17.02%
Lessee, Operating Lease, Liability, to be Paid, Year Two $300,591 USD -57.94%
Lessee, Operating Lease, Liability, to be Paid, Year One $714,630 USD -29.83%
Operating Lease, Weighted Average Discount Rate, Percent 0.06 pure 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount $107,343 USD -52.17%
Lessee, Operating Lease, Liability, to be Paid, Year Three $308,462 USD 2.6%
Deferred Tax Assets, Operating Loss Carryforwards $8,552,938 USD 112%
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 5,000,000 shares 0%
Unrecognized Tax Benefits $1,200,035 USD 11%
Lessee, Operating Lease, Liability, to be Paid, Year Four $308,462 USD 2.6%
Operating Lease, Payments $257,627 USD -1.75%
Additional Paid in Capital $109,447,214 USD 8.4%
Preferred Stock, Shares Outstanding 0 shares
Depreciation, Depletion and Amortization $280,445 USD -15.16%
Deferred Tax Assets, Net of Valuation Allowance $7,193,851 USD -13.61%
Share-based Payment Arrangement, Expense $3,274,507 USD -44.9%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%