NYSE$KODK

Eastman Kodak Company · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Eastman Kodak Company reported a net loss for the second quarter of 2025 amid ongoing operational challenges and debt maturity concerns.

Kodak posted total revenues of $263 million for Q2 2025, down slightly from the prior year, with a net loss of $26 million. The company continues to face significant liquidity risks due to upcoming debt maturities in 2026 and has highlighted substantial doubt about its ability to continue as a going concern. Segment performance showed mixed results with Print declining while Advanced Materials and Chemicals and Brand improved.

  • Q2 2025 revenues totaled $263 million with a net loss of $26 million ($0.36 per share).
  • Print segment revenues fell to $178 million while Advanced Materials and Chemicals rose to $75 million.
  • Operational EBITDA for reportable segments reached $9 million, led by Brand and Advanced Materials and Chemicals.
  • Kodak faces mandatory debt and preferred stock redemptions in May 2026, raising going concern issues without refinancing.

Headline financials

Total Revenue

$263M

Previous: $267M-1.5%
EPS (adj)

-$0.36

Previous: $0.23-256.5%
Operational EBITDA

$9M

Previous: $12M-25.0%
Advanced Materials and Chemicals Operational EBITDA

$8M

Previous: $8M+0.0%
Brand Operational EBITDA

$5M

Previous: $4M+25.0%
Print Operational EBITDA

-$4M

Previous: $0.00
Gross Profit Percentage

19.4%

Previous: 22.0%-11.9%
Capital Expenditures

-$24M

Previous: -$19M-26.3%
Net Income

-$26M

Previous: $26M-200.0%
Operating Income

-$5M

Previous: $2M-350.0%
Gross Profit

$51M

Previous: $58M-12.1%
Cash & Equivalents

$155M

Previous: $251M-38.2%
Total Assets

$1.93B

Previous: $2.36B-18.1%

Revenue & EPS history

Kodak · Revenue · Quarterly

$263M

Q2 2025-1.5%vs Q2 2024

Revenue by segment

Kodak · $259M total across 3 segments · Q2 2025

  • Print
    $178M
  • Advanced Materials and Chemicals
    $75M
  • Brand
    $6M

Forward guidance

Kodak disclosed substantial doubt about its ability to continue as a going concern due to debt and preferred stock obligations maturing in May 2026 without committed refinancing.

Headwinds

  • Mandatory redemption of Series B Preferred Stock and Term Loan maturity in May 2026.
  • No committed financing available to meet obligations.
  • Plans dependent on KRIP reversion proceeds and external refinancing actions outside company control.

Historical earnings impact

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

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

-3.2%

Avg return

Earnings day

-3.2%

Avg return

5 days after

+0.1%

Avg return

30 days after

39%

19 / 49 earnings

Positive

+32.9%

Q3 2025

Best reaction

-28.8%

Q3 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
Q1 2026-2.7%-29.4%-37.6%
Q4 2025+1.3%+15.1%+75.5%
Q3 2025+32.9%+43.4%+50.3%
Q1 2025-19.9%-3.4%-13.3%
Q4 2024-6.4%-10.5%-12.6%
Q3 2024-17.9%-19.5%+20.2%
Q2 2024+1.0%+2.7%+1.7%
Q1 2024-2.1%+6.0%+21.7%
Q4 2023-9.2%-10.4%-10.9%
Q3 2023-0.5%-7.1%-2.4%
Q2 2023-10.4%-4.7%-22.1%
Q1 2023+1.8%+6.2%+55.0%
Q4 2022+9.4%+12.6%+7.0%
Q3 2022-24.1%-22.7%-31.6%
Q2 2022+4.6%+9.3%-14.7%
Q1 2022-20.4%-11.5%-0.2%
Q4 2021+7.5%+49.6%+49.4%
Q3 2021-3.4%+0.1%-21.5%
Q2 2021+1.3%+0.5%-2.3%
Q1 2021-10.4%-4.5%+28.5%
Q4 2020-11.0%-12.7%-23.8%
Q3 2020-0.7%+0.4%+49.7%
Q2 2020-9.4%-21.4%-44.7%
Q1 2020-13.9%-7.9%-8.2%
Q4 2019-15.9%-15.9%+12.2%
Q3 2019-5.6%-9.0%+0.7%
Q2 2019-7.8%-16.0%+0.0%
Q1 2019+3.3%+0.8%-7.5%
Q4 2018+1.0%-4.7%-17.2%
Q3 2018+14.7%+19.4%-5.6%
Q2 2018-3.1%-9.2%-10.8%
Q1 2018-5.5%-5.5%-5.5%
Q4 2017+10.9%+5.9%+3.0%
Q3 2017-28.8%-30.8%-36.5%
Q2 2017-10.3%-15.8%-20.7%
Q1 2017-6.6%-6.6%-4.3%
Q4 2016-10.1%-18.5%-18.9%
Q3 2016+1.4%+6.9%+13.4%
Q2 2016-3.6%-5.5%-9.5%
Q1 2016+4.2%
Q4 2015+5.2%
Q3 2015-8.5%
Q2 2015+9.3%
Q1 2015-7.2%
Q4 2014+6.4%
Q3 2014+8.4%
Q1 2014-5.5%
Q4 2013+1.2%
Q3 2013-2.6%
Q2 2013
Q1 2013
Q4 2012
Q3 2012
Q2 2012
Q1 2012
Q1 2009
Q4 2011
Q3 2011
Q2 2011
Q1 2010
Q1 2011
Q4 2008
Q4 2010
Q3 2010
Q3 2009
Q2 2010
Q4 2009
Q2 2009

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