NASDAQ$KOD

Kodiak Sciences Inc · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Kodiak Sciences Inc reported a net loss of $54.3 million for the second quarter of 2025.

Kodiak Sciences Inc, a clinical-stage biopharmaceutical company, reported operating expenses of $55.5 million for the three months ended June 30, 2025, driven by research and development costs of $42.8 million. The company recorded a net loss of $54.3 million or $1.03 per share, with cash and cash equivalents of $104.2 million at quarter end. No revenue was generated as the company continues development of its product candidates without approved products.

  • Net loss of $54.3 million for Q2 2025, compared to $45.1 million in Q2 2024.
  • Research and development expenses increased to $42.8 million from $32.5 million year-over-year.
  • Cash position declined to $104.2 million from $168.1 million at year-end 2024.
  • Stockholders' equity decreased to $70.3 million from $150.3 million at December 31, 2024.

Headline financials

Total Revenue

$1.9M

Previous: $0.00
EPS (adj)

-$1.03

Previous: -$0.86-19.8%
Net loss per share

-$1.03

No prior period
R&D expenses

$42.8M

Previous: $32.5M+31.5%
G&A expenses

$12.8M

Previous: $15.5M-17.6%
Total operating expenses

$55.5M

Previous: $48M+15.7%
Interest income

$1.24M

Previous: $2.95M-58.0%
Other expense, net

-$44K

Previous: -$88K+50.0%
Net loss

-$54.3M

Previous: -$45.1M-20.4%
Accumulated deficit

-$1.44B

Previous: -$1.24B-16.1%
Stockholders' equity

$70.3M

Previous: $215M-67.2%
Weighted avg shares

52.8M

Previous: 52.6M+0.4%
Capital Expenditures

-$403K

Previous: -$49K-722.4%
Net Income

-$54.3M

Previous: -$45.1M-20.4%
Operating Income

-$55.5M

Previous: -$48M-15.7%
Cash & Equivalents

$104M

Previous: $219M-52.5%
Total Assets

$257M

Previous: $402M-36.1%

Revenue & EPS history

Kodiak Sciences · Revenue · Quarterly

$1.9M

Q2 2025

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports

Historical avg

-0.9%

Avg return

Earnings day

-1.9%

Avg return

5 days after

+11.7%

Avg return

30 days after

50%

15 / 30 earnings

Positive

+24.4%

Q1 2023

Best reaction

-40.3%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025+16.1%
Q2 2024
Q1 2026-4.8%-14.0%-32.6%
Q4 2025-7.1%+2.3%+15.3%
Q3 2025+3.7%+3.5%+26.2%
Q1 2025-2.0%+0.6%+3.4%
Q4 2024-7.2%-12.7%+34.6%
Q3 2024+0.5%+2.5%+54.0%
Q1 2024-2.6%-15.1%-26.8%
Q4 2023-40.3%-41.9%-56.0%
Q3 2023+12.2%+38.3%+71.1%
Q2 2023-16.1%-22.9%-33.4%
Q1 2023+24.4%+26.3%+92.9%
Q4 2022+22.5%+25.8%-6.9%
Q3 2022+3.9%+5.8%-0.1%
Q2 2022+12.5%+9.8%-11.2%
Q1 2022-4.9%+4.3%+60.6%
Q4 2021+2.4%-82.8%-84.7%
Q3 2021-8.3%-7.8%-28.2%
Q2 2021+1.4%+6.2%+14.6%
Q1 2021-19.6%-17.3%-22.7%
Q4 2020-3.0%-6.6%-12.1%
Q3 2020+8.0%+7.6%+14.3%
Q2 2020+1.2%-0.5%+7.2%
Q1 2020-2.3%-0.6%+13.4%
Q4 2019-21.9%-15.3%-6.0%
Q3 2019+0.4%+25.3%+170.1%
Q2 2019-10.9%+0.7%+30.6%
Q1 2019+15.3%+18.1%+59.6%
Q4 2018-1.5%-7.0%+11.1%
Q3 2018+1.1%+12.3%-19.4%
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017

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