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

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

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

Kodiak Sciences' Operating Expenses history runs 10 years deep, the most recent figure standing at $59.8 million for Q1 2026.

  • Quarterly Operating Expenses rose 1.19% year-over-year to $59.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $235.1 million (up 17.62% YoY) and the FY2025 annual result came in at $234.4 million, up 25.44% from the prior year.
  • Operating Expenses was $59.8 million for Q1 2026 at Kodiak Sciences, up from $57.5 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $95.8 million in Q1 2022 and bottomed at $46.1 million in Q1 2024.
  • A 5-year average of $64.7 million and a median of $59.8 million in 2026 frame the typical range for Operating Expenses.
  • Annual changes were most pronounced in 2022 — Operating Expenses jumped 89.42% — and 2024, when it sank 43.44%.
  • Kodiak Sciences' Operating Expenses stood at $74.1 million in 2022, then retreated by 14.44% to $63.4 million in 2023, then declined by 27.13% to $46.2 million in 2024, then grew by 24.41% to $57.5 million in 2025, then grew by 4.05% to $59.8 million in 2026.
  • Business Quant data shows KOD's Operating Expenses at $59.8 million in Q1 2026, $57.5 million in Q4 2025, and $62.4 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Oculis Holding AG 67,072.09 Bn 67,072.09 Bn - -28.01 Mn
2 Nanobiotix 1,894.61 Bn 1,894.55 Bn - -
3 Akari Therapeutics 1,014.18 Bn 1,014.18 Bn - 15.76 Mn
4 BeOne Medicines 471.64 Bn 466.85 Bn 1.35 Bn 1.10 Bn
5 Vertex Pharmaceuticals 121.72 Bn 114.47 Bn 2.59 Bn 1.85 Bn
6 Regeneron Pharmaceuticals 68.28 Bn 59.52 Bn 3.31 Bn 2.96 Bn
7 Belite Bio 61.40 Bn 61.40 Bn - 32.68 Mn
8 Argenx Se 56.94 Bn 56.94 Bn 1.18 Bn -919.00 Mn
9 Revolution Medicines 37.37 Bn 37.37 Bn - 445.22 Mn
10 Kodiak Sciences 2.56 Bn 2.56 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