KOD - Kodiak Sciences Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$63.75
DETAILS
HIGH:
$80.00
LOW:
$56.00
MEDIAN:
$59.50
CONSENSUS:
$63.75
UPSIDE:
75.96%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of Revenue | 0 | 26.7 | 25.9 | 11.0 | 8.7 | 4.2 | 0.9 | 0.5 | 0.5 | 0.3 |
| Gross Profit | 0 | (26.7) | (25.9) | (11.0) | (8.7) | (4.2) | (0.9) | (0.5) | (0.5) | (0.3) |
| Operating Expenses | ||||||||||
| R&D Expenses | 182.4 | 126.1 | 206.3 | 267.6 | 217.3 | 107.4 | 37.5 | 18.8 | 22.0 | 14.1 |
| SG&A Expenses | 52.0 | 34.0 | 71.0 | 62.8 | 41 | 24.4 | 10.8 | 7.6 | 3.5 | 3.1 |
| Other Expenses | 0 | 0 | (25.9) | 0 | 0 | 0 | 0 | (4.1) | (1.2) | 0.0 |
| Operating Expenses | 234.4 | 160.1 | 251.4 | 330.4 | 258.3 | 131.8 | 48.3 | 26.4 | 25.5 | 17.2 |
| Operating Income | ||||||||||
| Operating Income | (234.4) | (186.8) | (277.3) | (341.4) | (267.1) | (136.0) | (49.2) | (26.4) | (25.5) | (17.2) |
| Interest Expense | 0 | 0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 5.5 | 1.2 | 0.0 |
| Interest Income | 4.5 | 11.1 | 16.7 | 7.1 | 0.3 | 2.9 | 1.6 | 0 | 0 | 0 |
| Profitability | ||||||||||
| EBITDA | (234.4) | (149.5) | (234.5) | (322.8) | (258.3) | (128.9) | (46.4) | (35.4) | (26.2) | (16.9) |
| EBIT | (234.4) | (176.2) | (260.5) | (333.8) | (267.0) | (133.1) | (47.4) | (35.9) | (26.8) | (17.1) |
| Income Before Tax | (230.0) | (176.2) | (260.5) | (333.8) | (267.0) | (133.1) | (47.4) | (41.4) | (27.9) | (17.1) |
| Income Tax Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.0) | 0.0 |
| Net Income | (230.0) | (176.2) | (260.5) | (333.8) | (267.0) | (133.1) | (47.4) | (41.4) | (27.9) | (17.1) |
| Per Share Data | ||||||||||
| EPS (Basic) | -4.32 | -3.35 | -4.97 | -6.39 | -5.16 | -2.91 | -1.23 | -1.16 | -1.05 | -2.30 |
| EPS (Diluted) | -4.32 | -3.35 | -4.97 | -6.39 | -5.16 | -2.91 | -1.23 | -1.16 | -1.05 | -2.30 |
| Shares Outstanding | 53.2 | 52.6 | 52.4 | 52.2 | 51.8 | 45.7 | 37.9 | 35.9 | 26.6 | 7.4 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 209.9 | 168.1 | 285.5 | 190.4 | 731.5 | 944.4 | 211.8 | 88.3 | 1.4 | 9.6 |
| Short-Term Investments | 0 | 0 | 0 | 288.5 | 0 | 24.6 | 124.7 | 0 | 0 | 0 |
| Net Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 5.0 | 3.9 | 3.8 | 7.1 | 3.3 | 0 | 2.7 | 2.2 | 0 | 0 |
| Total Current Assets | 214.8 | 171.9 | 289.3 | 486.0 | 734.8 | 972.0 | 339.2 | 90.4 | 1.6 | 10.2 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 121.9 | 148.7 | 175.0 | 115.8 | 108.1 | 78.8 | 2.8 | 1.1 | 1.5 | 1.8 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 6.2 | 6.3 | 6.3 | 6.3 | 0 | 11.8 | 0.1 | 0.1 | 0.1 |
| Other Non-Current Assets | 14.9 | 8.7 | 8.7 | 58.5 | 55.0 | 16.5 | 5.0 | 0.5 | 0 | 0.0 |
| Total Non-Current Assets | 136.7 | 163.6 | 190.1 | 180.6 | 169.4 | 95.3 | 19.6 | 1.7 | 1.6 | 1.9 |
| Total Assets | 351.5 | 335.6 | 479.4 | 666.6 | 904.2 | 1,067.3 | 358.9 | 92.2 | 3.2 | 12.1 |
| Current Liabilities | ||||||||||
| Account Payables | 12.9 | 3.9 | 13.6 | 9.1 | 12.4 | 8.6 | 2.6 | 1.1 | 3.4 | 1.1 |
| Short-Term Debt | 12.1 | 0 | 9.8 | 9.9 | 3.9 | 0 | 0.4 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 20.6 | 0 | 12.3 | 27.4 | 42.1 | 0 | 5.5 | 0 | (0.1) | 0.1 |
| Total Current Liabilities | 45.5 | 25.6 | 41.7 | 52.5 | 64.7 | 31.4 | 11.7 | 4.8 | 9.2 | 2.5 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 47.1 | 0 | 100 | 100.0 | 99.9 | 0 | 0 | 0 | 10.0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 101.5 | 100 | 0 | 0.2 | 0.2 | 100.1 | 0.3 | 0.5 | 52.9 | 50.6 |
| Total Non-Current Liabilities | 148.6 | 159.7 | 171.9 | 178.0 | 176.2 | 175.2 | 1.8 | 0.5 | 62.8 | 50.7 |
| Total Liabilities | 194.2 | 185.3 | 213.6 | 230.5 | 240.9 | 206.6 | 13.5 | 5.4 | 72.0 | 53.2 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | (1,558.7) | (1,328.7) | (1,152.5) | (892.0) | (558.2) | (291.2) | (158.1) | (110.8) | (69.3) | (41.4) |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | (1.3) | 0 | 0.1 | 0.0 | 0 | 0 | 0 |
| Total Stockholders' Equity | 157.4 | 150.3 | 265.8 | 436.2 | 663.3 | 860.8 | 345.4 | 86.8 | (68.7) | (41.1) |
| Total Liabilities & Equity | 351.5 | 335.6 | 479.4 | 666.6 | 904.2 | 1,067.3 | 358.9 | 92.2 | 3.2 | 12.1 |
| Debt Metrics | ||||||||||
| Total Debt | 59.2 | 70.3 | 181.6 | 187.7 | 179.9 | 77.4 | 1.9 | 0 | 10.1 | 0.2 |
| Net Debt | (150.7) | (97.7) | (103.9) | (2.7) | (551.6) | (867.0) | (209.9) | (88.3) | 8.7 | (9.4) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | (230.0) | (176.2) | (260.5) | (333.8) | (267.0) | (133.1) | (47.4) | (41.4) | (27.9) | (17.1) |
| Depreciation & Amortization | 18.3 | 26.7 | 25.9 | 11.0 | 8.7 | 4.2 | 0.9 | 0.5 | 0.5 | 0.3 |
| Stock-Based Compensation | 58.9 | 60.2 | 88.6 | 106.0 | 61.4 | 30.7 | 6.1 | 2.7 | 0.3 | 0.3 |
| Change in Working Capital | 6.8 | (28.4) | (7.4) | 12.0 | 14.4 | 14.8 | 1.4 | (6.4) | 7.0 | 0.6 |
| Other Non-Cash Items | 9.9 | 0.4 | (0.8) | (1.6) | 0.2 | 0.0 | (0.2) | 5.5 | 1.2 | 0.8 |
| Operating Cash Flow | (136.0) | (117.3) | (154.2) | (206.5) | (182.3) | (83.4) | (39.1) | (29.0) | (17.7) | (16.0) |
| Investing Activities | ||||||||||
| Capital Expenditure | (0.5) | (0.4) | (41.4) | (47.4) | (63.3) | (7.0) | (0.4) | (0.6) | (0.2) | (0.8) |
| Acquisitions | 0 | 0 | (0.3) | 0 | 0 | 3.2 | 0.1 | 0 | 0 | 0 |
| Purchases of Investments | 0 | (0.4) | (49.3) | (427.8) | 0 | (86.3) | (151.0) | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 340 | 138 | 24.5 | 198.1 | 14.4 | 0 | 0 | 0 |
| Other Investing Activities | 0 | 0 | 0.3 | 0.6 | 0 | (3.2) | (0.1) | (0.5) | 0 | 0 |
| Investing Cash Flow | (0.5) | (0.8) | 249.2 | (336.5) | (38.8) | 104.8 | (137.0) | (0.6) | (0.2) | (0.8) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 0 | 0 | 0 | 0 | 0 | (0.0) | (0.0) | 32.9 | 9.9 | (0.1) |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | (0.5) | (0.1) | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0 | 0 | (0.2) | (0.0) | 8.2 | 105.9 | 2.3 | (0.2) | (0.3) | (0.1) |
| Financing Cash Flow | 178.3 | 0.5 | 0.0 | 1.9 | 8.2 | 717.4 | 299.7 | 116.5 | 9.6 | (0.1) |
| Cash Position | ||||||||||
| Net Change in Cash | 41.8 | (117.6) | 95.1 | (541.1) | (212.9) | 738.8 | 123.5 | 86.9 | (8.2) | (16.9) |
| Cash at Beginning | 174.3 | 291.8 | 190.4 | 731.5 | 950.7 | 211.9 | 88.4 | 1.5 | 9.8 | 26.7 |
| Cash at End | 216.0 | 174.3 | 285.5 | 190.4 | 737.8 | 950.7 | 211.9 | 88.4 | 1.5 | 9.8 |
| Free Cash Flow | (136.5) | (117.7) | (195.6) | (253.8) | (245.6) | (90.4) | (39.6) | (29.6) | (17.9) | (16.8) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | 0 | (26.7) | (25.9) | (11.0) | (8.7) | (4.2) | (0.9) | (0.5) | (0.5) | (0.3) |
| Operating Income | (234.4) | (186.8) | (277.3) | (341.4) | (267.1) | (136.0) | (49.2) | (26.4) | (25.5) | (17.2) |
| Net Income | (230.0) | (176.2) | (260.5) | (333.8) | (267.0) | (133.1) | (47.4) | (41.4) | (27.9) | (17.1) |
| EPS (Diluted) | -4.32 | -3.35 | -4.97 | -6.39 | -5.16 | -2.91 | -1.23 | -1.16 | -1.05 | -2.30 |
| Balance Sheet | ||||||||||
| Cash & Equivalents | 209.9 | 168.1 | 285.5 | 190.4 | 731.5 | 944.4 | 211.8 | 88.3 | 1.4 | 9.6 |
| Total Assets | 351.5 | 335.6 | 479.4 | 666.6 | 904.2 | 1,067.3 | 358.9 | 92.2 | 3.2 | 12.1 |
| Total Debt | 59.2 | 70.3 | 181.6 | 187.7 | 179.9 | 77.4 | 1.9 | 0 | 10.1 | 0.2 |
| Stockholders' Equity | 157.4 | 150.3 | 265.8 | 436.2 | 663.3 | 860.8 | 345.4 | 86.8 | (68.7) | (41.1) |
| Cash Flow | ||||||||||
| Operating Cash Flow | (136.0) | (117.3) | (154.2) | (206.5) | (182.3) | (83.4) | (39.1) | (29.0) | (17.7) | (16.0) |
| Capital Expenditure | (0.5) | (0.4) | (41.4) | (47.4) | (63.3) | (7.0) | (0.4) | (0.6) | (0.2) | (0.8) |
| Free Cash Flow | (136.5) | (117.7) | (195.6) | (253.8) | (245.6) | (90.4) | (39.6) | (29.6) | (17.9) | (16.8) |