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Kodiak Sciences Inc.

KOD

$45.31 ▼ -0.09 (-0.19%) at close

11 Visible periods

20 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Poor

Bearish

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Analytical Summary

Kodiak Sciences Inc. faces fundamental challenges with weakness in Return on Common Equity (%). The fundamentals warrant careful consideration of downside risks.

Market Cap $2.4B

Dividend Yield —

Revenue Growth —

Op. Margin —

ROIC -149.0% ↘

FCF / Share $-2.57 ↘

Trailing P/E —

Price / Book 17.8x

FCF Yield —

Debt / Equity —

info Valuation on last close. End-of-day price, Aug 7, 2026.

11-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Net Income Profit after all expenses

$-229.97M

↓ -30.5% —

FCF / Share Free cash flow per share

$-2.57

↓ -14.6% —

trending_up

Bullish Indicators

No bullish signals detected.

warning

Bearish Risks

Return on Common Equity (%)Return on Common Equity (%) is in the bottom quartile

Health Breakdown

Returns ↓

Cash Quality ↓

Financial view

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📈 Is growth accelerating? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗
EPS Growth YoY (%)	-29.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	32.6% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	22.2% Good Good Year-over-year change in earnings per share Optimal: > 10%	-23.8% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—	—	—	—	—	—
Net Income Growth YoY (%)	-30.5% Weak ↓ Weak Declining Year-over-year change in net income	32.4% Excellent ↑ Excellent Improving Year-over-year change in net income	22.0% Good ↑ Good Improving Year-over-year change in net income	-25.0% Weak ↑ Weak Improving Year-over-year change in net income	-100.6% Weak ↓ Weak Declining Year-over-year change in net income	-181.0% Weak ↓ Weak Declining Year-over-year change in net income	-14.3% Weak ↑ Weak Improving Year-over-year change in net income	-48.3% Weak Weak Year-over-year change in net income	-63.1% Weak Weak Year-over-year change in net income	—	—
FCF Growth YoY (%)	-14.6% Weak ↓ Weak Declining Year-over-year change in free cash flow	40.0% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	19.9% Good Good Year-over-year change in free cash flow	-21.1% Weak Weak Year-over-year change in free cash flow	—	—	—	—	—	—	—

💰 Are margins durable? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗
Effective Tax Rate (%) (%)	-0.0% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.0% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.0% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.0% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.0% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.0% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—	—
FCF / Net Income (x)	0.59x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.67x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.75x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	0.73x Caution → Caution Stable Free cash flow relative to reported net income Optimal: > 1x	0.75x Caution → Caution Stable Free cash flow relative to reported net income Optimal: > 1x	0.66x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.84x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	0.70x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	0.64x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	0.98x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗
Return on Invested Capital (%)	-149.0% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-124.3% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-104.4% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-78.3% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-40.3% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-15.8% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-11.3% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-24.0% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	29.3% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	33.0% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	-66.7% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-55.7% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-57.9% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-51.2% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-29.5% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-12.7% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-13.7% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-28.6% Weak Weak Operating profit relative to total assets Optimal: > 10%	-786.7% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	-146.1% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1074%)	-117.2% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-882%)	-98.0% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-753%)	-76.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-610%)	-40.3% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-368%)	-15.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-203%)	-13.7% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-191%)	-47.7% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-418%)	40.6% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+171%)	41.7% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+178%)	—

⚖️ Is the balance sheet risky? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗
Interest Coverage (x)	—	—	-21332.38x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-18965.50x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-5681.94x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-5440.28x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-6148.75x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-4.78x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-21.54x Weak Weak Operating income divided by interest expense Optimal: > 5x	-2858.50x Weak Weak Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$-209.86M	$-168.07M	$-285.51M	$-190.43M	$-731.51M	$-944.40M	$-211.80M	$-88.25M	$-1.40M	$-9.62M	—

📊 What does each share earn? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗
Basic EPS, GAAP (USD)	$-4.32	$-3.35	$-4.97	$-6.39	$-5.16	—	—	—	—	—	—
Free Cash Flow per Share (USD)	$-2.57	$-2.24	$-3.73	$-4.66	$-3.85	—	—	—	—	—	—
Book Value per Share (USD)	$2.55	$2.85	$5.06	$8.33	$12.80	$16.84	$7.78	$2.36	$-8.66	—	—
Tangible Book Value per Share (USD)	$2.55	$2.85	$5.06	$8.33	$12.80	$16.84	$7.78	$2.36	$-8.66	—	—
Basic Weighted Avg Shares (shares)	53.21M	52.58M	52.41M	52.25M	51.79M	—	—	—	—	—	—

🏦 How resilient is the balance sheet? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗
Working Capital (USD)	$169.28M	$146.36M	$247.58M	$433.51M	$670.13M	$940.58M	$327.52M	$85.62M	$-7.56M	—	—
Total Equity (USD)	$157.38M	$150.29M	$265.78M	$436.17M	$663.32M	$860.75M	$345.36M	$86.83M	$-68.74M	$-41.08M	$-24.24M

📋 What is driving earnings? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗
Depreciation Expense (USD)	$18.33M	$18.71M	$18.30M	$3.80M	$1.00M	$477.00K	$538.00K	$490.00K	$549.00K	$257.00K	—
Net Income, GAAP (USD)	$-229.97M	$-176.21M	$-260.49M	$-333.82M	$-266.99M	$-133.10M	$-47.37M	$-41.44M	$-27.94M	$-17.13M	—
Operating Cash Flow (USD)	$-136.01M	$-117.32M	$-154.18M	$-206.46M	$-182.27M	$-83.43M	$-39.15M	$-29.03M	$-17.66M	$-16.05M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 11 years · 37 quarters

Kodiak Sciences Inc.

Analytical Summary

11-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

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