8-K Announcements
6Mar 31, 2026·SEC
Mar 27, 2026·SEC
Dec 18, 2025·SEC
Kodiak Sciences Inc. (KOD) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Kodiak Sciences Inc. (KOD) stock price & volume — 10-year historical chart
Kodiak Sciences Inc. (KOD) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Kodiak Sciences Inc. (KOD) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 31, 2026 | $1.04vs $1.02-2.0% | — |
| Q4 2025 | Nov 13, 2025 | $1.16vs $1.07-8.4% | — |
| Q3 2025 | Aug 13, 2025 | $1.03vs $1.01-2.0% | — |
| Q2 2025 | May 14, 2025 | $1.09vs $0.89-22.5% | — |
Kodiak Sciences Inc. (KOD) competitors in Ophthalmology Therapies and Delivery — business model, growth, and fundamentals comparison
Kodiak Sciences Inc. (KOD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Kodiak Sciences Inc. (KOD) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Revenue Growth % | - | - | - | - | - | - | - | - | - | - |
| Cost of Goods Sold | 257K | 549K | 490K | 911K | 4.21M | 8.71M | 11M | 25.95M | 26.71M | 26.49M |
| COGS % of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | -257K▲ 0% | -549K▼ 113.6% | -490K▲ 10.7% | -911K▼ 85.9% | -4.21M▼ 361.9% | -8.71M▼ 107.0% | -11M▼ 26.3% | -25.95M▼ 135.9% | -26.71M▼ 2.9% | -26.49M▲ 0% |
| Gross Margin % | - | - | - | - | - | - | - | - | - | - |
| Gross Profit Growth % | - | -113.62% | 10.75% | -85.92% | -361.91% | -107.01% | -26.29% | -135.86% | -2.93% | - |
| Operating Expenses | 17.15M | 25.52M | 26.37M | 48.28M | 131.8M | 258.34M | 330.38M | 251.37M | 160.14M | 194.73M |
| OpEx % of Revenue | - | - | - | - | - | - | - | - | - | - |
| Selling, General & Admin | 3.1M | 3.5M | 7.58M | 10.77M | 24.41M | 41M | 62.79M | 71.02M | 34.05M | 26.07M |
| SG&A % of Revenue | - | - | - | - | - | - | - | - | - | - |
| Research & Development | 14.05M | 22.02M | 18.79M | 37.51M | 107.39M | 217.34M | 267.59M | 206.3M | 126.09M | 168.65M |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 25K | -1.23M | -4.07M | 0 | 0 | 0 | 0 | -25.95M | 0 | 0 |
| Operating Income | -17.15M▲ 0% | -25.52M▼ 48.8% | -26.37M▼ 3.3% | -49.19M▼ 86.5% | -136.01M▼ 176.5% | -267.05M▼ 96.4% | -341.38M▼ 27.8% | -277.32M▲ 18.8% | -186.85M▲ 32.6% | -221.21M▲ 0% |
| Operating Margin % | - | - | - | - | - | - | - | - | - | - |
| Operating Income Growth % | - | -48.8% | -3.34% | -86.51% | -176.49% | -96.35% | -27.83% | 18.76% | 32.62% | - |
| EBITDA | -16.89M | -24.97M | -25.88M | -48.28M | -131.8M | -258.34M | -330.38M | -251.37M | -160.14M | -194.73M |
| EBITDA Margin % | - | - | - | - | - | - | - | - | - | - |
| EBITDA Growth % | - | -47.82% | -3.65% | -86.52% | -172.99% | -96.01% | -27.88% | 23.91% | 36.29% | -9.79% |
| D&A (Non-Cash Add-back) | 257K | 549K | 490K | 911K | 4.21M | 8.71M | 11M | 25.95M | 26.71M | 26.49M |
| EBIT | -17.13M | -26.75M | -35.92M | -47.36M | -133.07M | -266.97M | -333.81M | -260.48M | -176.21M | -217.34M |
| Net Interest Income | 0 | 0 | 0 | 1.56M | 2.88M | 276K | 7.05M | 16.72M | 11.15M | 5.89M |
| Interest Income | 0 | 0 | 0 | 1.57M | 2.9M | 298K | 7.07M | 16.73M | 11.15M | 5.89M |
| Interest Expense | 6K | 1.19M | 5.52M | 8K | 25K | 22K | 18K | 13K | 0 | 0 |
| Other Income/Expense | 19K | -2.42M | -15.07M | 1.82M | 2.91M | 61K | 7.56M | 16.83M | 10.64M | 3.88M |
| Pretax Income | -17.13M▲ 0% | -27.94M▼ 63.1% | -41.44M▼ 48.3% | -47.37M▼ 14.3% | -133.1M▼ 181.0% | -266.99M▼ 100.6% | -333.82M▼ 25.0% | -260.49M▲ 22.0% | -176.21M▲ 32.4% | -217.34M▲ 0% |
| Pretax Margin % | - | - | - | - | - | - | - | - | - | - |
| Income Tax | 31K | -45K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | -0.18% | 0.16% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -17.13M▲ 0% | -27.94M▼ 63.1% | -41.44M▼ 48.3% | -47.37M▼ 14.3% | -133.1M▼ 181.0% | -266.99M▼ 100.6% | -333.82M▼ 25.0% | -260.49M▲ 22.0% | -176.21M▲ 32.4% | -217.34M▲ 0% |
| Net Margin % | - | - | - | - | - | - | - | - | - | - |
| Net Income Growth % | - | -63.06% | -48.35% | -14.29% | -181% | -100.6% | -25.03% | 21.97% | 32.36% | -13.42% |
| Net Income (Continuing) | -17.13M | -27.94M | -41.44M | -47.37M | -133.1M | -266.99M | -333.82M | -260.49M | -176.21M | -217.34M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -2.30▲ 0% | -1.05▲ 54.3% | -1.16▼ 10.5% | -1.23▼ 6.0% | -2.91▼ 136.6% | -5.16▼ 77.3% | -6.39▼ 23.8% | -4.97▲ 22.2% | -3.35▲ 32.6% | -4.11▲ 0% |
| EPS Growth % | - | 54.35% | -10.48% | -6.03% | -136.59% | -77.32% | -23.84% | 22.22% | 32.6% | -12.88% |
| EPS (Basic) | -2.30 | -1.05 | -1.16 | -1.23 | -2.91 | -5.16 | -6.39 | -4.97 | -3.35 | - |
| Diluted Shares Outstanding | 7.44M | 26.56M | 35.87M | 37.85M | 45.74M | 51.79M | 52.25M | 52.41M | 52.58M | 52.86M |
| Basic Shares Outstanding | 7.44M | 26.56M | 35.87M | 37.85M | 45.74M | 51.79M | 52.25M | 52.41M | 52.58M | 52.86M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
Kodiak Sciences Inc. (KOD) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 10.19M | 1.59M | 90.45M | 339.23M | 972M | 734.81M | 486M | 289.31M | 171.94M | 75.73M |
| Cash & Short-Term Investments | 9.62M | 1.4M | 88.25M | 336.48M | 968.97M | 731.51M | 478.93M | 285.51M | 168.07M | 72.04M |
| Cash Only | 9.62M | 1.4M | 88.25M | 211.8M | 944.4M | 731.51M | 190.43M | 285.51M | 168.07M | 72.04M |
| Short-Term Investments | 0 | 0 | 0 | 124.68M | 24.58M | 0 | 288.5M | 0 | 0 | 0 |
| Accounts Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Sales Outstanding | - | - | - | - | - | - | - | - | - | - |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 0 | 0 | 2.19M | 2.75M | 0 | 3.3M | 7.07M | 3.8M | 3.86M | 3.69M |
| Total Non-Current Assets | 1.92M | 1.65M | 1.74M | 19.64M | 95.34M | 169.41M | 180.62M | 190.06M | 163.64M | 142.34M |
| Property, Plant & Equipment | 1.78M | 1.51M | 1.1M | 2.79M | 78.81M | 108.07M | 115.75M | 175.02M | 148.73M | 127.48M |
| Fixed Asset Turnover | - | - | - | - | - | - | - | - | - | 0.00x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 140K | 140K | 140K | 11.84M | 0 | 6.32M | 6.32M | 6.32M | 6.18M | 18.55M |
| Other Non-Current Assets | 8K | 0 | 503K | 5.01M | 16.53M | 55.01M | 58.55M | 8.72M | 8.73M | 40.91M |
| Total Assets | 12.11M▲ 0% | 3.24M▼ 73.2% | 92.19M▲ 2741.8% | 358.87M▲ 289.3% | 1.07B▲ 197.4% | 904.22M▼ 15.3% | 666.63M▼ 26.3% | 479.37M▼ 28.1% | 335.58M▼ 30.0% | 218.07M▲ 0% |
| Asset Turnover | - | - | - | - | - | - | - | - | - | 0.00x |
| Asset Growth % | - | -73.22% | 2741.83% | 289.27% | 197.42% | -15.28% | -26.28% | -28.09% | -30% | -139.03% |
| Total Current Liabilities | 2.51M | 9.16M | 4.83M | 11.71M | 31.42M | 64.68M | 52.5M | 41.73M | 25.57M | 42.43M |
| Accounts Payable | 1.07M | 3.36M | 1.05M | 2.62M | 8.65M | 12.43M | 9.13M | 13.61M | 3.92M | 10.37M |
| Days Payables Outstanding | 1.53K | 2.23K | 782.14 | 1.05K | 749.95 | 520.87 | 302.92 | 191.43 | 53.51 | 89.18 |
| Short-Term Debt | 0 | 0 | 0 | 434K | 0 | 3.93M | 9.93M | 9.77M | 0 | 11.75M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 84K | -108K | 0 | 5.55M | 0 | 42.13M | 27.41M | 12.27M | 0 | 20.3M |
| Current Ratio | 4.06x | 0.17x | 18.74x | 28.97x | 30.93x | 11.36x | 9.26x | 6.93x | 6.72x | 6.72x |
| Quick Ratio | 4.06x | 0.17x | 18.74x | 28.97x | 30.93x | 11.36x | 9.26x | 6.93x | 6.72x | 6.72x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 50.69M | 62.82M | 530K | 1.8M | 175.17M | 176.22M | 177.97M | 171.86M | 159.72M | 151.95M |
| Long-Term Debt | 0 | 9.97M | 0 | 0 | 0 | 99.94M | 100M | 100M | 0 | 50.45M |
| Capital Lease Obligations | 103K | 0 | 0 | 1.5M | 75.03M | 76.06M | 77.81M | 71.86M | 59.72M | 170.33M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 50.59M | 52.85M | 530K | 295K | 100.15M | 211K | 162K | 0 | 100M | 304.5M |
| Total Liabilities | 53.2M | 71.98M | 5.36M | 13.51M | 206.6M | 240.9M | 230.46M | 213.59M | 185.29M | 194.38M |
| Total Debt | 185K | 10.08M | 0 | 1.94M | 77.4M | 179.94M | 187.73M | 181.63M | 70.34M | 62.2M |
| Net Debt | -9.44M | 8.69M | -88.25M | -209.86M | -866.99M | -551.57M | -2.7M | -103.88M | -97.73M | -9.84M |
| Debt / Equity | - | - | - | 0.01x | 0.09x | 0.27x | 0.43x | 0.68x | 0.47x | 0.47x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | -0.32x |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | 0.05x |
| Interest Coverage | -2858.50x | -21.54x | -4.78x | -6148.75x | -5440.28x | -12138.68x | -18965.50x | -21332.38x | - | - |
| Total Equity | -41.08M▲ 0% | -68.74M▼ 67.3% | 86.83M▲ 226.3% | 345.36M▲ 297.7% | 860.75M▲ 149.2% | 663.32M▼ 22.9% | 436.17M▼ 34.2% | 265.78M▼ 39.1% | 150.29M▼ 43.5% | 23.69M▲ 0% |
| Equity Growth % | - | -67.31% | 226.32% | 297.73% | 149.23% | -22.94% | -34.24% | -39.06% | -43.45% | -252.78% |
| Book Value per Share | -5.52 | -2.59 | 2.42 | 9.12 | 18.82 | 12.81 | 8.35 | 5.07 | 2.86 | 0.45 |
| Total Shareholders' Equity | -41.08M | -68.74M | 86.83M | 345.36M | 860.75M | 663.32M | 436.17M | 265.78M | 150.29M | 23.69M |
| Common Stock | 1K | 1K | 4K | 5K | 5K | 5K | 5K | 5K | 5K | 5K |
| Retained Earnings | -41.39M | -69.32M | -110.77M | -158.13M | -291.23M | -558.22M | -892.04M | -1.15B | -1.33B | -1.5B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 10K | 53K | 0 | -1.31M | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Kodiak Sciences Inc. (KOD) cash flow — operating, investing & free cash flow history
| Line item | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -16.05M | -17.66M | -29.03M | -39.15M | -83.43M | -182.27M | -206.46M | -154.18M | -117.32M | -117.32M |
| Operating CF Margin % | - | - | - | - | - | - | - | - | - | - |
| Operating CF Growth % | - | -10.02% | -64.44% | -34.84% | -113.12% | -118.48% | -13.27% | 25.32% | 23.91% | -52.99% |
| Net Income | -17.13M | -27.94M | -41.44M | -47.37M | -133.1M | -266.99M | -333.82M | -260.49M | -176.21M | -217.34M |
| Depreciation & Amortization | 257K | 549K | 490K | 911K | 4.21M | 8.71M | 11M | 25.95M | 26.71M | 26.49M |
| Stock-Based Compensation | 272K | 275K | 2.67M | 6.11M | 30.67M | 61.38M | 0 | 88.56M | 60.21M | 40.15M |
| Deferred Taxes | 0 | 1.26M | 10.17M | 0 | -51K | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 763K | 1.16M | 5.48M | -241K | 49K | 198K | 104.4M | -840K | 355K | 15.96M |
| Working Capital Changes | 556K | 7.04M | -6.39M | 1.44M | 14.79M | 14.43M | 11.96M | -7.36M | -28.39M | 8.03M |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 23K | 2.28M | -2.32M | 1.57M | 5.22M | -2.09M | 1.66M | 5.6M | -9.69M | 7.08M |
| Cash from Investing | -771K | -209K | -581K | -137M | 104.83M | -38.8M | -336.51M | 249.23M | -755K | -587K |
| Capital Expenditures | -771K | -209K | -581K | -437K | -7M | -63.3M | -47.36M | -41.43M | -400K | -587K |
| CapEx % of Revenue | - | - | - | - | - | - | - | - | - | - |
| Acquisitions | 0 | 0 | 0 | 136.56K | 3.18M | 0 | 0 | -290.65K | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | -503K | -136.56K | -3.18M | 0 | 616K | 290.65K | 0 | 0 |
| Cash from Financing | -120K | 9.64M | 116.47M | 299.69M | 717.38M | 8.18M | 1.9M | 31K | 501K | 1.46M |
| Debt Issued (Net) | -62K | 9.9M | 32.89M | -48K | -5K | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 0 | 0 | 1000K | 1000K | 1000K | 0 | 1000K | 242K | 501K | 1.46M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | -132K | -487K | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -58K | -266K | -176K | 2.25M | 105.85M | 8.18M | -49K | -211K | 0 | 0 |
| Net Change in Cash | -16.94M▲ 0% | -8.23M▲ 51.4% | 86.86M▲ 1155.8% | 123.54M▲ 42.2% | 738.78M▲ 498.0% | -212.89M▼ 128.8% | -541.08M▼ 154.2% | 95.07M▲ 117.6% | -117.57M▼ 223.7% | -125.83M▲ 0% |
| Free Cash Flow | -16.82M▲ 0% | -17.86M▼ 6.2% | -29.61M▼ 65.8% | -39.58M▼ 33.7% | -90.43M▼ 128.4% | -245.57M▼ 171.6% | -253.82M▼ 3.4% | -195.61M▲ 22.9% | -117.72M▲ 39.8% | -127.29M▲ 0% |
| FCF Margin % | - | - | - | - | - | - | - | - | - | - |
| FCF Growth % | - | -6.22% | -65.76% | -33.67% | -128.45% | -171.57% | -3.36% | 22.93% | 39.82% | 13.56% |
| FCF per Share | -2.26 | -0.67 | -0.83 | -1.05 | -1.98 | -4.74 | -4.86 | -3.73 | -2.24 | -2.24 |
| FCF Conversion (FCF/Net Income) | 0.94x | 0.63x | 0.70x | 0.83x | 0.63x | 0.68x | 0.62x | 0.59x | 0.67x | 0.59x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 22K | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Kodiak Sciences Inc. (KOD) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | -458.06% | -21.92% | -22.07% | -35.04% | -60.72% | -74.22% | -84.7% | -917.34% |
| Return on Invested Capital (ROIC) | - | - | -55.03% | -157.84% | -379.67% | -93.92% | -69.87% | -130.69% | -130.69% |
| Debt / Equity | - | - | 0.01x | 0.09x | 0.27x | 0.43x | 0.68x | 0.47x | 0.47x |
| Interest Coverage | -21.54x | -4.78x | -6148.75x | -5440.28x | -12138.68x | -18965.50x | -21332.38x | - | - |
| FCF Conversion | 0.63x | 0.70x | 0.83x | 0.63x | 0.68x | 0.62x | 0.59x | 0.67x | 0.59x |
Kodiak Sciences Inc. (KOD) SEC filings — annual & quarterly reports (10-K, 10-Q)
Mar 31, 2026·SEC
Mar 27, 2026·SEC
Dec 18, 2025·SEC
Kodiak Sciences Inc. (KOD) stock FAQ — growth, dividends, profitability & financials explained
Kodiak Sciences Inc. (KOD) grew revenue by 0.0% over the past year. Growth has been modest.
Kodiak Sciences Inc. (KOD) reported a net loss of $217.3M for fiscal year 2024.
Kodiak Sciences Inc. (KOD) has a return on equity (ROE) of -84.7%. Negative ROE indicates the company is unprofitable.
Kodiak Sciences Inc. (KOD) had negative free cash flow of $127.3M in fiscal year 2024, likely due to heavy capital investments.
Kodiak Sciences Inc. (KOD) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates