Kodiak Sciences Inc.

KOD Healthcare Biotechnology

In the quarter to June 2026, EPS fell 1.94% and free cash flow fell 33.9%, each against the same quarter a year earlier. Insiders bought in the last twelve months.

85.75 2.37 −2.69%
Market cap
$5.5B
P/E
0.0×
Fwd P/E
—
Dividend yield
—
F-score
n/a
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Insider Decisions trades per month

Total buys 216.99
Total sells 2.22
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — 1 — — — — — — — — 3 —
Sell — — — — — 1 — 1 — — — —
Insider Ownership 8.22%

Capital & Financial Ratios $m

Market Cap 5,540.00
Revenue —
Net Income (241.99)
Free Cash Flow (159.90)
Net Debt (125.90)
Current Ratio 2.49 (at or above 1.5: strong)
Debt/Equity 0.00 (at or below 0.5: strong)
P/E ratio 0.00
Fwd P/E —
P/S ratio 0.00
P/B ratio 87.90 (above 6: high)
Past 5Y EPS Growth —
This Y EPS Growth 5.58%
Next Y EPS Growth 5.61%
Next Y revenue growth —
Next 5Y EPS Growth 50.98% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/B against its own 10 years 99.34%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2018 Powerpack
special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 286 168 210 126
Receivables — — — —
Inventory — — — —
Other — — — —
289 172 215 131
2023 2024 2025 Q'26
Payables 14 4 13 13
ST’ Debt — — — —
Other — — — —
42 26 46 53

Compound Annual Growth %

10y 5y 3y
Sales — — —
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — (28.81%) (28.81%)

Revenue $m

Year
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (40) (46) — — —
’25 (29) (35) (33) (39) (136)
’24 (40) (26) (21) (30) (117)
’23 (47) (42) (33) (32) (154)
’22 (43) (55) (53) (55) (206)
’21 (35) (37) (52) (59) (182)
’20 (18) (14) (25) (27) (83)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (41) (47) — — —
’25 (29) (35) (33) (39) (137)
’24 (40) (27) (21) (30) (118)
’23 (59) (43) (33) (60) (196)
’22 (61) (71) (60) (61) (254)
’21 (41) (51) (84) (70) (246)
’20 (18) (14) (26) (32) (90)
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 (0.94) (1.05) — — —
’25 (1.09) (1.03) (1.16) (1.04) (4.32)
’24 (0.82) (0.86) (0.84) (0.84) (3.35)
’23 (1.35) (1.53) (0.95) (1.13) (4.97)
’22 (1.83) (1.74) (1.47) (1.35) (6.39)
’21 (0.98) (1.08) (1.30) (1.79) (5.16)
’20 (0.54) (0.58) (0.80) (0.97) (2.91)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low — — 5.65 5.86 35.49 73.19 4.90 1.37 2.19 1.92

Analyst estimates 2026–2028

Powerpack
High — — 11.10 81.00 159.18 171.21 90.24 9.80 11.60 31.18
People
People Employees — 28 28 31 72 93 112 111 109 124
Revenue/emp, $m — 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Income, $m
Income, $m Revenue — — — — — — — — — —
Gross margin, % 0.00 0.00 0.00 0.00 0.00 0.00 0.00 — — —
EBT (17) (28) (41) (47) (133) (267) (334) (260) (176) (230)
EBT margin, % 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net income (17) (28) (41) (47) (133) (267) (334) (260) (176) (230)
Depreciation 0 1 0 1 4 9 10 25 27 26
Per share, $
Per share, $ Revenue 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Earnings (2.38) (3.72) (2.77) (1.25) (2.91) (5.16) (6.39) (4.97) (3.35) (4.32)
Cash flow (2.23) (2.35) (1.94) (1.03) (1.82) (3.52) (3.95) (2.94) (2.23) (2.56)
Capex (0.11) (0.03) (0.04) (0.01) (0.15) (1.22) (0.91) (0.79) (0.01) (0.01)
Free cash flow (2.33) (2.38) (1.98) (1.05) (1.98) (4.74) (4.86) (3.73) (2.24) (2.57)
Book value (5.70) (9.15) 5.80 9.12 18.82 12.81 8.35 5.07 2.86 2.96
Shares, m 7 8 15 38 46 52 52 52 53 53
Valuation, ×
Valuation, × P/E — — — — — — — — — —
P/S — — — — — — — — — —
P/B — — — — — — — — — —
EV/Sales — — — — — — — — — —
EV/FCF — — — — — — — — — —
Cash, $m
Cash, $m Operating cash flow (16) (18) (29) (39) (83) (182) (206) (154) (117) (136)
Capex (1) 0 (1) 0 (7) (63) (47) (41) 0 (1)
Free cash flow (17) (18) (30) (40) (90) (246) (254) (196) (118) (137)
Balance, $m
Balance, $m Working capital 8 (8) 86 328 941 670 434 248 146 169
Total debt 0 10 — 2 75 176 178 — — —
Net debt (10) 9 (88) (336) (969) (732) (479) (286) (168) (210)
Shareholders’ equity (41) (69) 87 345 861 663 436 266 150 157
Returns, %
Returns, % ROA (226.70) (363.80) (86.85) (21.00) (18.66) (27.08) (42.50) (45.46) (43.24) (66.94)
ROIC 0.00 0.00 0.00 (346.29) 0.00 0.00 0.00 0.00 0.00 0.00
ROE 31.13 50.88 (458.06) (21.92) (22.07) (35.04) (60.72) (74.22) (84.70) (149.49)
Negative figures in brackets.

All 10 years →

Charts ten years each

Kodiak Sciences Inc. vs peers in Biotechnology (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
RYTM Rhythm Pharmaceuticals, Inc. $6.1B — (loss-making) — (loss-making) +46.91% (above 0%: growing) n/m +60.74% (above 0%: growing) 87.47% (68.14%) Compare
LGND Ligand Pharmaceuticals Incorporated $6.0B 29.5× 54.7× +33.73% (above 0%: growing) +868.00% (above 0%: growing) +35.53% (above 0%: growing) 94.95% 13.49% Compare
IMVT Immunovant, Inc. $5.7B — (loss-making) — — n/m −5.96% (below 0%: shrinking) 0.00% 0.00% Compare
KOD Kodiak Sciences Inc. $5.5B — (loss-making) — — n/m −33.86% (below 0%: shrinking) 0.00% 0.00%
CGON CG Oncology, Inc. $5.5B — (loss-making) — (loss-making) +2,125.00% (above 0%: growing) n/m −67.60% (below 0%: shrinking) (239.24%) (7,467.68%) Compare
MIRM Mirum Pharmaceuticals, Inc. $5.4B — (loss-making) — (loss-making) +37.92% (above 0%: growing) n/m −681.46% (below 0%: shrinking) 82.78% (24.14%) Compare
ERAS Erasca, Inc. $5.2B — (loss-making) — — n/m −4.67% (below 0%: shrinking) 0.00% 0.00% Compare
COGT Cogent Biosciences, Inc. $5.1B — (loss-making) — (loss-making) −69.41% (below 0%: shrinking) n/m −42.01% (below 0%: shrinking) 0.00% 0.00% Compare
PTCT PTC Therapeutics, Inc. $5.1B — (loss-making) 110× +101.55% (above 0%: growing) n/m +295.69% (above 0%: growing) 94.47% 41.32% Compare
Median of peers $5.4B — — +42.42% — −5.31% 41.39% 0.00%

All 614 Biotechnology stocks →

Kodiak Sciences Inc. (KOD) key facts

  • Concern: Kodiak Sciences Inc. reported a net loss of $230.0 million, or a loss of $4.32 per share, for fiscal 2025.
  • Kodiak Sciences Inc. (KOD) is a Biotechnology company in the Healthcare sector, listed on Nasdaq.
  • As of October 16, 2026, KOD traded at $85.75, a market capitalization of $5.5 billion.
  • Return on equity was −149.5% and debt-to-equity 0.00.

Source: company filings (standardised) and stockrow calculations.

Kodiak Sciences Inc. (KOD) Latest News

stockrow.com/KOD · For information only; not investment advice. · © 2026 stockrow.com