Kodiak Sciences (KOD) Research & Development (2017 - 2026)

Kodiak Sciences (KOD) posted Research & Development of $48.5 million for Q1 2026, up 6.71% on a QoQ basis from $45.5 million in Q4 2025, and up 11.23% year-over-year from $43.6 million in Q1 2025.

Kodiak Sciences (KOD) Research & Development (2017 - 2026) Analysis & Trends

Kodiak Sciences' Research & Development history runs 10 years deep, the most recent figure standing at $48.5 million for Q1 2026.

  • Quarterly Research & Development rose 11.23% year-over-year to $48.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $187.3 million (up 33.95% YoY) and the FY2025 annual result came in at $182.4 million, up 44.63% from the prior year.
  • Research & Development was $48.5 million for Q1 2026 at Kodiak Sciences, up from $45.5 million in the prior quarter.
  • Across five years, Research & Development topped out at $76.2 million in Q1 2022 and bottomed at $29.9 million in Q1 2024.
  • A 5-year average of $48.9 million and a median of $46.6 million in 2023 frame the typical range for Research & Development.
  • Annual changes were most pronounced in 2022 — Research & Development surged 88.85% — and 2024, when it plunged 51.44%.
  • Kodiak Sciences' Research & Development stood at $56.0 million in 2022, then declined by 16.73% to $46.6 million in 2023, then sank by 31.86% to $31.8 million in 2024, then jumped by 43.19% to $45.5 million in 2025, then increased by 6.71% to $48.5 million in 2026.
  • Business Quant data shows KOD's Research & Development at $48.5 million in Q1 2026, $45.5 million in Q4 2025, and $50.5 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Oculis Holding AG 67,072.09 Bn 67,072.09 Bn - -17.94 Mn
2 Nanobiotix 1,894.61 Bn 1,894.55 Bn - -
3 Akari Therapeutics 1,014.18 Bn 1,014.18 Bn - 1.46 Mn
4 BeOne Medicines 471.64 Bn 466.85 Bn 1.35 Bn 541.22 Mn
5 Vertex Pharmaceuticals 121.72 Bn 114.47 Bn 2.59 Bn 961.60 Mn
6 Regeneron Pharmaceuticals 68.28 Bn 59.52 Bn 3.31 Bn 1.54 Bn
7 Belite Bio 61.40 Bn 61.40 Bn - 15.66 Mn
8 Argenx Se 56.94 Bn 56.94 Bn 1.18 Bn -443.00 Mn
9 Revolution Medicines 37.37 Bn 37.37 Bn - 343.97 Mn
10 Kodiak Sciences 2.56 Bn 2.56 Bn - 48.55 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 48.55 Mn
Dec 31, 2025 45.49 Mn
Sep 30, 2025 50.48 Mn
Jun 30, 2025 42.76 Mn
Mar 31, 2025 43.64 Mn
Dec 31, 2024 31.77 Mn
Sep 30, 2024 31.88 Mn
Jun 30, 2024 32.51 Mn
Mar 31, 2024 29.93 Mn
Dec 31, 2023 46.63 Mn
Sep 30, 2023 36.19 Mn
Jun 30, 2023 66.96 Mn
Mar 31, 2023 56.52 Mn
Dec 31, 2022 55.99 Mn
Sep 30, 2022 61.68 Mn
Jun 30, 2022 73.74 Mn
Mar 31, 2022 76.18 Mn
Dec 31, 2021 75.60 Mn
Sep 30, 2021 56.00 Mn
Jun 30, 2021 45.40 Mn