NASDAQ · Financial Statements

Kodiak Sciences Inc (KOD) Financial Statements

$87.63 NASDAQ: KOD Market Cap $5.51B

Kodiak Sciences Inc most recently reported annual revenue of $0, a net loss of $230.0M. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Kodiak Sciences Inc: net profit was positive in 0 of 10 reported years; the most recent year shows a net loss of $230.0M.

Income Statement — 10 Years (USD millions)

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Operating Expenses	$17.0M	$26.0M	$26.0M	$49.0M	$136.0M	$267.0M	$341.0M	$277.0M	$187.0M	$234.0M
Operating Profit	$-17.0M	$-26.0M	$-26.0M	$-49.0M	$-136.0M	$-267.0M	$-341.0M	$-277.0M	$-187.0M	$-234.0M
Operating Margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Other Income	$0	$-2.0M	$-15.0M	$2.0M	$3.0M	$0	$8.0M	$17.0M	$11.0M	$4.0M
Interest	$0	$1.0M	$6.0M	$0	$0	$0	$0	$0	$0	$0
Depreciation	$0	$1.0M	$0	$1.0M	$4.0M	$9.0M	$11.0M	$26.0M	$27.0M	$26.0M
Profit Before Tax	$-17.0M	$-28.0M	$-41.0M	$-47.0M	$-133.0M	$-267.0M	$-334.0M	$-260.0M	$-176.0M	$-230.0M
Tax	$-180,000	$160,000	$0	$0	$0	$0	$0	$0	$0	$0
Net Profit	$-17.0M	$-28.0M	$-41.0M	$-47.0M	$-133.0M	$-267.0M	$-334.0M	$-260.0M	$-176.0M	$-230.0M
EPS	$-2.30	$-1.05	$-1.16	$-1.23	$-2.91	$-5.16	$-6.39	$-4.97	$-3.35	$-4.32
Dividend Payout	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

Metric	Sep '23	Dec '23	Mar '24	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26
Revenue	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Operating Expenses	$55.0M	$63.0M	$46.0M	$48.0M	$47.0M	$46.0M	$59.0M	$56.0M	$62.0M	$57.0M	$60.0M	$67.0M
Operating Profit	$-54.0M	$-63.0M	$-46.0M	$-48.0M	$-47.0M	$-46.0M	$-59.0M	$-56.0M	$-62.0M	$-57.0M	$-60.0M	$-67.0M
Operating Margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Interest	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Profit Before Tax	$-50.0M	$-60.0M	$-43.0M	$-45.0M	$-44.0M	$-44.0M	$-57.0M	$-54.0M	$-61.0M	$-57.0M	$-58.0M	$-66.0M
Tax	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Net Profit	$-50.0M	$-60.0M	$-43.0M	$-45.0M	$-44.0M	$-44.0M	$-57.0M	$-54.0M	$-61.0M	$-57.0M	$-58.0M	$-66.0M
EPS	$-0.95	$-1.13	$-0.82	$-0.86	$-0.84	$-0.84	$-1.09	$-1.03	$-1.16	$-1.04	$-0.94	$-1.05

Over the 10 years reported for Kodiak Sciences Inc, cash stood at $210.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 4.67 times.

Balance Sheet — 10 Years (USD millions)

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Total Assets	$12.0M	$3.0M	$92.0M	$359.0M	$1.1B	$904.0M	$667.0M	$479.0M	$336.0M	$352.0M
Current Assets	$10.0M	$2.0M	$90.0M	$339.0M	$972.0M	$735.0M	$486.0M	$289.0M	$172.0M	$215.0M
Cash	$10.0M	$1.0M	$88.0M	$212.0M	$944.0M	$732.0M	$190.0M	$286.0M	$168.0M	$210.0M
Inventory	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Receivables	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Fixed Assets	$2.0M	$2.0M	$1.0M	$3.0M	$79.0M	$108.0M	$116.0M	$175.0M	$149.0M	$122.0M
Capital Work in Progress	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Investments	$0	$0	$0	$137.0M	$25.0M	$6.0M	$295.0M	$6.0M	$6.0M	$6.0M
Other Assets	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$53.0M	$72.0M	$5.0M	$14.0M	$207.0M	$241.0M	$230.0M	$214.0M	$185.0M	$194.0M
Current Liabilities	$3.0M	$9.0M	$5.0M	$12.0M	$31.0M	$65.0M	$52.0M	$42.0M	$26.0M	$46.0M
Borrowings	$0	$10.0M	$0	$2.0M	$77.0M	$180.0M	$188.0M	$182.0M	$70.0M	$159.0M
Other Liabilities	$53.0M	$62.0M	$5.0M	$12.0M	$129.0M	$61.0M	$43.0M	$32.0M	$115.0M	$35.0M
Equity	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Reserves	$-41.0M	$-69.0M	$87.0M	$345.0M	$861.0M	$663.0M	$436.0M	$266.0M	$150.0M	$157.0M

For Kodiak Sciences Inc, operating cash flow was positive in 0 of 10 reported years; free cash flow in the latest year was negative at $137.0M; free cash flow was positive in 0 of 10 years.

Cash Flow Statement — 10 Years (USD millions)

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Operating Cash Flow	$-16.0M	$-18.0M	$-29.0M	$-39.0M	$-83.0M	$-182.0M	$-206.0M	$-154.0M	$-117.0M	$-136.0M
Investing Cash Flow	$-2.0M	$0	$-2.0M	$-137.0M	$98.0M	$-102.0M	$-384.0M	$208.0M	$-1.0M	$-1.0M
Financing Cash Flow	$0	$0	$0	$2.0M	$105.0M	$0	$0	$0	$0	$0
Net Cash Flow	$-17.0M	$-8.0M	$87.0M	$124.0M	$739.0M	$-213.0M	$-541.0M	$95.0M	$-118.0M	$42.0M
Free Cash Flow	$-17.0M	$-18.0M	$-30.0M	$-40.0M	$-90.0M	$-246.0M	$-254.0M	$-196.0M	$-118.0M	$-137.0M

Valuation & Return Ratios

Metric	Value
PEG Ratio	2.19
EV / EBITDA	-26.72
FCF Yield	-2.71%
Quick Ratio	2.49
Interest Coverage	—
Return 1Y	651.25%
Return 3Y	475.03%
Return 5Y	-51.13%

Kodiak Sciences Inc (KOD) financials — frequently asked questions

What is Kodiak Sciences Inc's annual revenue?

Kodiak Sciences Inc (KOD) reported annual revenue of $0 in its most recent fiscal year.

What is Kodiak Sciences Inc's net profit?

Kodiak Sciences Inc (KOD) reported a net loss of $230.0M in its most recent fiscal year.

What is KOD EV/EBITDA?

Kodiak Sciences Inc's enterprise value to EBITDA (EV/EBITDA) ratio is -26.72. A negative value means EBITDA was negative over the period, so the ratio is not a meaningful valuation measure.

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