Kodiak Sciences (KOD) Operating Expenses (2017 - 2026)

Kodiak Sciences (KOD) reported Operating Expenses of $59.8 million for Q1 2026, up 1.19% on a YoY basis from $59.1 million in Q1 2025, and up 4.05% quarter-over-quarter from $57.5 million in Q4 2025.

Kodiak Sciences (KOD) Operating Expenses (2017 - 2026) Analysis & Trends

Kodiak Sciences has reported Operating Expenses for 10 years, with the latest figure at $59.8 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 1.19% year-over-year to $59.8 million; the trailing twelve-month figure through Mar 2026 stood at $235.1 million (up 17.62% YoY), and the FY2025 full-year result was $234.4 million, up 25.44% from the prior year.
  • Operating Expenses for Q1 2026 stood at $59.8 million, up from $57.5 million in the prior quarter.
  • The five-year high for Operating Expenses was $95.8 million in Q1 2022, with the low at $46.1 million in Q1 2024.
  • Historically, Operating Expenses has averaged $64.7 million across 5 years, with a median of $59.8 million in 2026.
  • Annual changes were most pronounced in 2022 — Operating Expenses jumped 89.42% — and 2024, when it slumped 43.44%.
  • Kodiak Sciences' Operating Expenses stood at $74.1 million in 2022, then declined by 14.44% to $63.4 million in 2023, then slipped by 27.13% to $46.2 million in 2024, then advanced by 24.41% to $57.5 million in 2025, then advanced by 4.05% to $59.8 million in 2026.
  • The last three Operating Expenses figures came in at $59.8 million (Q1 2026), $57.5 million (Q4 2025), and $62.4 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Alterity Therapeutics 788,338.31 Bn 788,338.28 Bn - 4.33 Mn
2 Belite Bio 56,560.00 Bn 56,560.00 Bn - 32.68 Mn
3 Quantum Biopharma 17,329.30 Bn 17,329.30 Bn - 2.97 Mn
4 Legend Biotech 3,341.00 Bn 3,340.71 Bn 242.10 Mn -138.30 Mn
5 Akari Therapeutics 1,727.91 Bn 1,727.91 Bn - 15.76 Mn
6 Evaxion A 1,536.68 Bn 1,536.67 Bn - -3.82 Mn
7 Psyence Biomedical 238.34 Bn 238.33 Bn - 574,669.00
8 Vertex Pharmaceuticals 113.42 Bn 106.17 Bn 2.59 Bn 1.85 Bn
9 Abivax 95.45 Bn 95.45 Bn - -67.40 Mn
10 Kodiak Sciences 1.92 Bn 1.92 Bn - 59.78 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 59.78 Mn
Dec 31, 2025 57.45 Mn
Sep 30, 2025 62.35 Mn
Jun 30, 2025 55.51 Mn
Mar 31, 2025 59.07 Mn
Dec 31, 2024 46.18 Mn
Sep 30, 2024 46.63 Mn
Jun 30, 2024 47.98 Mn
Mar 31, 2024 46.06 Mn
Dec 31, 2023 63.37 Mn
Sep 30, 2023 54.50 Mn
Jun 30, 2023 84.83 Mn
Mar 31, 2023 74.62 Mn
Dec 31, 2022 74.07 Mn
Sep 30, 2022 79.48 Mn
Jun 30, 2022 92.07 Mn
Mar 31, 2022 95.77 Mn
Dec 31, 2021 93.05 Mn
Sep 30, 2021 67.54 Mn
Jun 30, 2021 55.91 Mn