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| Date | Value |
|---|---|
| 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 |