Kodiak Sciences (KOD) Free Cash Flow (2017 - 2026)

Kodiak Sciences (KOD) reported Free Cash Flow of -$41.0 million for Q1 2026, down 39.54% on a YoY basis from -$67.7 million in Q1 2025, and down 3.88% quarter-over-quarter from -$39.4 million in Q4 2025.

Kodiak Sciences (KOD) Free Cash Flow (2017 - 2026) Analysis & Trends

Kodiak Sciences has reported Free Cash Flow for 10 years, with the latest figure at -$41.0 million in Q1 2026.

  • For the quarter ending Q1 2026, Free Cash Flow fell 39.54% year-over-year to -$41.0 million; the trailing twelve-month figure through Mar 2026 stood at -$148.1 million (down 37.91% YoY), and the FY2025 full-year result was -$136.5 million, down 16.01% from the prior year.
  • Free Cash Flow for Q1 2026 stood at -$41.0 million, down from -$39.4 million in the prior quarter.
  • The five-year high for Free Cash Flow was -$21.3 million in Q3 2024, with the low at -$63.4 million in Q2 2022.
  • Historically, Free Cash Flow has averaged -$43.2 million across 5 years, with a median of -$39.6 million in 2024.
  • Annual changes were most pronounced in 2022 — Free Cash Flow slumped 69.04% — and 2024, when it jumped 49.48%.
  • Kodiak Sciences' Free Cash Flow stood at -$58.2 million in 2022, then dropped by 2.65% to -$59.7 million in 2023, then jumped by 49.48% to -$30.2 million in 2024, then plunged by 30.64% to -$39.4 million in 2025, then retreated by 3.88% to -$41.0 million in 2026.
  • The last three Free Cash Flow figures came in at -$41.0 million (Q1 2026), -$39.4 million (Q4 2025), and -$32.9 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Alterity Therapeutics 762,369.55 Bn 762,369.51 Bn - -
2 Belite Bio 55,096.00 Bn 55,096.00 Bn - -
3 Quantum Biopharma 17,755.80 Bn 17,755.79 Bn - -1.67 Mn
4 Legend Biotech 3,486.00 Bn 3,485.71 Bn 242.10 Mn -12.20 Mn
5 Akari Therapeutics 1,737.42 Bn 1,737.41 Bn - -2.49 Mn
6 Evaxion A 1,551.28 Bn 1,551.26 Bn - -
7 Psyence Biomedical 227.32 Bn 227.31 Bn - -
8 Vertex Pharmaceuticals 110.84 Bn 103.59 Bn 2.59 Bn 1.29 Bn
9 Abivax 91.71 Bn 91.71 Bn - 63,220.27
10 Kodiak Sciences 1.95 Bn 1.95 Bn - -40.95 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -40.95 Mn
Mar 31, 2026 -40.95 Mn
Dec 31, 2025 -39.42 Mn
Dec 31, 2025 -39.42 Mn
Sep 30, 2025 -32.89 Mn
Sep 30, 2025 -32.89 Mn
Jun 30, 2025 -34.86 Mn
Jun 30, 2025 -34.86 Mn
Mar 31, 2025 -29.35 Mn
Mar 31, 2025 -29.35 Mn
Dec 31, 2024 -30.18 Mn
Dec 31, 2024 -30.18 Mn
Sep 30, 2024 -21.33 Mn
Sep 30, 2024 -21.33 Mn
Jun 30, 2024 -26.55 Mn
Jun 30, 2024 -26.55 Mn
Mar 31, 2024 -39.62 Mn
Mar 31, 2024 -39.62 Mn
Dec 31, 2023 -59.72 Mn
Dec 31, 2023 -59.72 Mn