KOD - NASDAQ
Kodiak Sciences Inc.
$33.87
-8.2%Kodiak Sciences Inc., a clinical stage biopharmaceutical company, researches, develops, and commercializes therapeutics to treat retinal diseases. Its lead product candidate is KSI-301, an anti-vascular endothelial growth factor antibody biopolymer that is in Phase IIb/III clinical study to treat wet age-related macular degeneration (AMD), as well as for the treatment of diabetic macular edema, naïve macular edema due to retinal vein occlusion, and non-proliferative diabetic retinopathy. The company's preclinical stage product candidate includes KSI-501, a bispecific conjugate to treat retinal diseases with an inflammatory component; and KSI-601, a triplet inhibitor for the treatment of dry AMD. The company was formerly known as Oligasis, LLC and changed its name to Kodiak Sciences Inc. in September 2015. Kodiak Sciences Inc. was incorporated in 2009 and is based in Palo Alto, California.
At a Glance
Live SnapshotKodiak Sciences Inc. Cash Conversion Engine
Cash Flow Quality Analysis
FCF Conversion Rate
Weak cash conversion. Significant portion of earnings not converting to cash—review working capital trends and capital intensity.
CapEx Intensity
Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.
FCF Growth Trend
Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.
Working Capital Impact
Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.
Cash Flow Quality Insight
Deteriorating cash generation: Both declining FCF and weak conversion rate signal fundamental challenges. Investigate margin pressure, rising costs, or working capital issues.
Kodiak Sciences Inc. Cash Flow Statement
KOD • NASDAQ
| Kodiak Sciences Inc. Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||||||
-230M | -176.2M | -260.5M | -333.8M | -267M | -133.1M | -47.4M | -41.4M | -27.9M | -17.1M | |
18.3M | 26.7M | 25.9M | 11M | 8.7M | 4.2M | 911K | 490K | 549K | 257K | |
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -51K | 0.0 | 10.2M | 1.3M | 0.0 | |
58.9M | 60.2M | 88.6M | 106M | 61.4M | 30.7M | 6.1M | 2.7M | 275K | 272K | |
9.9M | 355K | -840K | -1.6M | 198K | 49K | -241K | 5.5M | 1.2M | 763K | |
6.8M | -28.4M | -7.4M | 12M | 14.4M | 14.8M | 1.4M | -6.4M | 7M | 556K | |
-136M | -117.3M | -154.2M | -206.5M | -182.3M | -83.4M | -39.1M | -29M | -17.7M | -16M | |
INVESTING ACTIVITIES | ||||||||||
-506K | -400K | -41.4M | -47.4M | -63.3M | -7M | -437K | -581K | -209K | -771K | |
(0.0) | (0.0) | -290.7K | (0.0) | (0.0) | (3.2M) | (136.6K) | (0.0) | (0.0) | (0.0) | |
(0.0) | -355K | -49.3M | -427.8M | (0.0) | -86.3M | -151M | (0.0) | (0.0) | (0.0) | |
0.0 | 0.0 | 340M | 138M | 24.5M | 198.1M | 14.4M | 0.0 | 0.0 | 0.0 | |
0.0 | 0.0 | 290.7K | 616K | 0.0 | -3.2M | -136.6K | -503K | 0.0 | 0.0 | |
-506K | -755K | (249.2M) | -336.5M | -38.8M | (104.8M) | -137M | -581K | -209K | -771K | |
FINANCING ACTIVITIES | ||||||||||
178.3M | 501K | 242K | 1.9M | 0.0 | 611.5M | 297.5M | 83.8M | 0.0 | 0.0 | |
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -5K | -48K | 32.9M | 9.9M | -62K | |
(0.0) | (0.0) | (0.0) | (0.0) | (0.0) | -487K | -132K | (0.0) | (0.0) | (0.0) | |
0.0 | 0.0 | -211K | -49K | 8.2M | 105.9M | 2.3M | -176K | -266K | -58K | |
178.3M | 501K | 31K | 1.9M | 8.2M | 717.4M | 299.7M | 116.5M | 9.6M | -120K | |
CASH FLOW SUMMARY | ||||||||||
41.8M | -117.6M | 95.1M | -541.1M | -212.9M | 738.8M | 123.5M | 86.9M | -8.2M | -16.9M | |
174.3M | 291.8M | 190.4M | 731.5M | 950.7M | 211.9M | 88.4M | 1.5M | 9.8M | 26.7M | |
216M | 174.3M | 285.5M | 190.4M | 737.8M | 950.7M | 211.9M | 88.4M | 1.5M | 9.8M | |
-136.5M | -117.7M | -195.6M | -253.8M | -245.6M | -90.4M | -39.6M | -29.6M | -17.9M | -16.8M |
SEC Filings
KOD - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
10-Q 10-Q 2026 Q1 Q1 | May 07, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 07, 2026 | May 07, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | April 22, 2026 | June 02, 2026 | 2026 | |
10-K 10-K 2025 FY FY | March 31, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | March 31, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 27, 2026 | March 26, 2026 | 2026 | |
8-K 8-K 2025 N/A | December 18, 2025 | December 16, 2025 | 2025 | |
8-K 8-K 2025 N/A | November 13, 2025 | November 13, 2025 | 2025 | |
10-Q 10-Q 2025 Q3 Q3 | November 13, 2025 | September 30, 2025 | 2025 | |
10-Q 10-Q 2025 Q2 Q2 | August 13, 2025 | June 30, 2025 | 2025 |
Related Guides
Continue your KOD research with focused valuation guides.
Research Paths
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.