Overview
- TickerKOD on Nasdaq1
- IndustryBiological Products, (No Diagnostic Substances)1
- HeadquartersPalo Alto1
- Websitekodiak.com
- Legal formDelaware corporation1
- Incorporated inDE5
- Business address1250 Page Mill Rd, Palo Alto, Ca 943045
- Filer categoryNon-accelerated filer, Smaller reporting company5
- LEI254900IXI5NI8C9OQE243
- StatusActive3
- LEI statusIssued and current3
- Registered addressC/O CORPORATION SERVICE COMPANY, 19808 Wilmington, United States3
- Registered withDivision of Corporations, Department of State, 47016343
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Since its founding in 2009, Kodiak Sciences Inc. (“Kodiak,” the “Company,” “we” or “our”) has developed a new technology platform, the Antibody Biopolymer Conjugate (“ABC”) platform, for retinal medicines. Our goal is to prevent and treat the major causes of blindness by developing and commercializing next-generation therapeutics to address multiple unmet needs on the spectrum of retinal diseases.6 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.11
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Research and development | $182.4M | $126.1M | $206.3M |
| General and administrative | $52.0M | $60.8M | $71.0M |
| Total operating expenses | $234.4M | $186.8M | $277.3M |
| Loss from operations | -$234.4M | -$186.8M | -$277.3M |
| Interest income | $4.5M | $11.1M | $16.7M |
| Interest expense | $0 | $0 | -$13.0K |
| Other income (expense), net | -$96.0K | -$506.0K | $110.0K |
| Net loss | -$230.0M | -$176.2M | -$260.5M |
| Net loss per share common share, basic | -$4.32 | -$3.35 | -$4.97 |
| Net loss per share common share, diluted | -$4.32 | -$3.35 | -$4.97 |
| Weighted-average shares of common stock outstanding used in computing net loss per common share, basic | 53.2M shares | 52.6M shares | 52.4M shares |
| Weighted-average shares of common stock outstanding used in computing net loss per common share, diluted | 53.2M shares | 52.6M shares | 52.4M shares |
| Change in unrealized gains (losses) related to available-for-sale debt securities, net of tax | $0 | $0 | $1.3M |
| Total other comprehensive income (loss) | $0 | $0 | $1.3M |
| Comprehensive loss | -$230.0M | -$176.2M | -$259.2M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.11
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $209.9M | $168.1M | $285.5M | |
| Prepaid expenses and other current assets | $5.0M | $3.9M | ||
| Total current assets | $214.8M | $171.9M | ||
| Restricted cash | $6.2M | $6.2M | $6.3M | |
| Property and equipment, net | $85.3M | $102.2M | ||
| Operating lease right-of-use asset | $36.6M | $46.5M | ||
| Other assets | $8.7M | $8.7M | ||
| Total assets | $351.5M | $335.6M | ||
| Accounts payable | $12.9M | $3.9M | ||
| Accrued and other current liabilities | $20.6M | $11.0M | ||
| Operating lease liability | $12.1M | $10.6M | ||
| Total current liabilities | $45.5M | $25.6M | ||
| Long-term operating lease liability | $47.1M | $59.7M | ||
| Liability related to sale of future royalties | $100.0M | $100.0M | ||
| Long-term deposit | $1.5M | $0 | ||
| Total liabilities | $194.2M | $185.3M | ||
| Preferred stock, $0.0001 par value -10,000,000 shares authorized; none issued | $0 | $0 | ||
| Common stock, $0.0001 par value -490,000,000 shares authorized; 61,758,454 and 52,726,916 shares issued and outstanding, respectively | $6.0K | $5.0K | ||
| Additional paid-in capital | $1.7B | $1.5B | ||
| Accumulated deficit | -$1.6B | -$1.3B | ||
| Total stockholders equity | $157.4M | $150.3M | $265.8M | $436.2M |
| Total liabilities and stockholders equity | $351.5M | $335.6M | ||
| Preferred stock, par value | $0.00 | $0.00 | ||
| Preferred stock, shares authorized | 10.0M shares | 10.0M shares | ||
| Preferred Stock, shares issued | 0 shares | 0 shares | ||
| Preferred Stock, shares outstanding | 0 shares | 0 shares | ||
| Common stock, par value | $0.00 | $0.00 | ||
| Common stock, shares authorized | 490.0M shares | 490.0M shares | ||
| Common stock, shares issued | 61.8M shares | 52.7M shares | ||
| Common stock, shares outstanding | 61.8M shares | 52.7M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $209.9M | $168.1M | $285.5M | |
| Prepaid expenses and other current assets | $5.0M | $3.9M | ||
| Total current assets | $214.8M | $171.9M | ||
| Restricted cash | $6.2M | $6.2M | $6.3M | |
| Property and equipment, net | $85.3M | $102.2M | ||
| Operating lease right-of-use asset | $36.6M | $46.5M | ||
| Other assets | $8.7M | $8.7M | ||
| Total assets | $351.5M | $335.6M | ||
| Accounts payable | $12.9M | $3.9M | ||
| Accrued and other current liabilities | $20.6M | $11.0M | ||
| Operating lease liability | $12.1M | $10.6M | ||
| Total current liabilities | $45.5M | $25.6M | ||
| Long-term operating lease liability | $47.1M | $59.7M | ||
| Liability related to sale of future royalties | $100.0M | $100.0M | ||
| Long-term deposit | $1.5M | $0 | ||
| Total liabilities | $194.2M | $185.3M | ||
| Preferred stock, $0.0001 par value -10,000,000 shares authorized; none issued | $0 | $0 | ||
| Common stock, $0.0001 par value -490,000,000 shares authorized; 61,758,454 and 52,726,916 shares issued and outstanding, respectively | $6.0K | $5.0K | ||
| Additional paid-in capital | $1.7B | $1.5B | ||
| Accumulated deficit | -$1.6B | -$1.3B | ||
| Total stockholders equity | $157.4M | $150.3M | $265.8M | $436.2M |
| Total liabilities and stockholders equity | $351.5M | $335.6M | ||
| Preferred stock, par value | $0.00 | $0.00 | ||
| Preferred stock, shares authorized | 10.0M shares | 10.0M shares | ||
| Preferred Stock, shares issued | 0 shares | 0 shares | ||
| Preferred Stock, shares outstanding | 0 shares | 0 shares | ||
| Common stock, par value | $0.00 | $0.00 | ||
| Common stock, shares authorized | 490.0M shares | 490.0M shares | ||
| Common stock, shares issued | 61.8M shares | 52.7M shares | ||
| Common stock, shares outstanding | 61.8M shares | 52.7M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.11
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net Income (Loss) | -$230.0M | -$176.2M | -$260.5M |
| Depreciation | $18.3M | $18.7M | $18.3M |
| Stock-based compensation | $58.9M | $60.2M | $88.6M |
| Non-cash lease impairment expense | $1.9M | $0 | $0 |
| Net accretion of discount on marketable securities | $0 | $0 | -$846.0K |
| Settlement of derivative contracts | $0 | $355.0K | $0 |
| Amortization of operating lease right-of-use asset | $8.0M | $8.0M | $7.6M |
| Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity, Other Item | $20.0K | $0 | $6.0K |
| Prepaid expenses and other current assets | -$891.0K | -$60.0K | $8.5M |
| Other assets | $59.0K | -$12.0K | $426.0K |
| Accounts payable | $8.1M | -$9.7M | $5.6M |
| Accrued and other current liabilities | $9.3M | -$7.4M | -$12.9M |
| Operating lease liability | -$11.2M | -$11.2M | -$8.9M |
| Long-term deposit | $1.5M | $0 | $0 |
| Net cash provided by (used in) operating activities | -$136.0M | -$117.3M | -$154.2M |
| Purchase of property and equipment | -$506.0K | -$375.0K | -$41.4M |
| Deposits on property and equipment | $0 | -$25.0K | -$77.0K |
| Purchase of marketable securities | $0 | $0 | -$49.3M |
| Maturities of marketable securities | $0 | $0 | $340.0M |
| Settlement of derivative contracts | $0 | -$355.0K | $0 |
| Net cash provided by (used in) investing activities | -$506.0K | -$755.0K | $249.2M |
| Proceeds from public offering, net of underwriting discount | $173.0M | $0 | $0 |
| Cash in-transit for stock option exercises | $5.2M | $394.0K | $60.0K |
| Proceeds from ESPP | $180.0K | $107.0K | $182.0K |
| Principal payments of tenant improvement allowance payable | $0 | $0 | -$211.0K |
| Net cash provided by financing activities | $178.3M | $501.0K | $31.0K |
| Net increase (decrease) in cash, cash equivalents and restricted cash | $41.8M | -$117.6M | $95.1M |
| Cash paid for interest | $0 | $0 | $13.0K |
| Purchase of property and equipment under accounts payable and accruals | $878.0K | $50.0K | $0 |
| Reclassification of deposits to property and equipment | $0 | $25.0K | $44.3M |
| Unpaid offering costs | $303.0K | $0 | $0 |
| Cash in-transit for stock option exercises | $201.0K | $0 | $0 |
No quarter-by-quarter statement was filed.
Leadership
Who has led Kodiak Sciences Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
- Chief executive officerVictor Perlroth Oct 3, 2018 to now15
- ChairVictor Perlroth Oct 3, 2018 to now15
- PresidentVictor Perlroth Oct 3, 2018 to Feb 16, 202115
- PresidentMatthew H. Davis Mar 27, 2008 to Mar 27, 200816
- PresidentMichael Weiser Jan 30, 2006 to Jan 30, 200617
- Chief financial officerJohn A. Borgeson Apr 2, 2026 to now18
Board members and other officers (13)
- OfficerJason Ehrlich Oct 3, 2018 to Jun 27, 202319
- OfficerJohn A. Borgeson Oct 3, 2018 to now20
- TreasurerStephen J. Pilatzke Mar 27, 2008 to Mar 27, 200821
- TreasurerJohn Knox Feb 7, 2006 to Feb 7, 200622
- Board memberCharles A. Bancroft Apr 6, 2020 to now23
- Board memberTaiyin Yang Dec 19, 2019 to now24
- Board memberBassil I. Dahiyat Oct 3, 2018 to now25
- Board memberBob Profusek Oct 3, 2018 to now26
- Board memberFelix Baker Oct 3, 2018 to now27
- Board memberJulian Baker Oct 3, 2018 to now27
- Board memberL.p. 667 Oct 3, 2018 to now27
- Board memberMichael Weiser Jan 30, 2006 to Jan 30, 200617
- Board memberMatthew H. Davis Nov 29, 2006 to Mar 27, 200828
Former names
- Oligasis, LLCJul 28, 2009 to Jul 28, 20095
Timeline
Filings
196 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 34 major events, 81 insider forms, 28 large holders, 33 other. The latest 20:
- Sep 30, 20264 EDGAR
- Sep 30, 20264 EDGAR
- Sep 30, 20264 EDGAR
- Sep 30, 2026SCHEDULE 13D/A EDGAR
- Sep 29, 20264 EDGAR
- Sep 28, 20268-K EDGAR
- Aug 14, 2026SCHEDULE 13G EDGAR
- Aug 13, 202610-Q EDGAR
- Aug 13, 20268-K EDGAR
- Jul 17, 20264 EDGAR
- Jul 17, 20264 EDGAR
- Jul 2, 20264 EDGAR
- Jul 2, 20264 EDGAR
- Jul 2, 20264 EDGAR
- Jul 2, 20264 EDGAR
- Jul 2, 20264 EDGAR
- Jul 2, 20264 EDGAR
- Jun 5, 20264 EDGAR
- Jun 4, 2026144 EDGAR
- Jun 4, 20268-K EDGAR
The 196 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
43 open-market trades by officers, directors and large owners since October 2021: 23 buys and 20 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 29, 2026 | 667, L.P.Director | Buy | 33,726 | $85.04 | $2.9M | Form 4 |
| Sep 28, 2026 | 667, L.P.Director | Buy | 681,866 | $88.77 | $60.5M | Form 4 |
| Sep 28, 2026 | BAKER JULIANDirector | Buy | 418,323 | $83.58 | $35.0M | Form 4 |
| Sep 28, 2026 | Baker Bros. Advisors (GP) LLCDirector | Buy | 807,840 | $72.57 | $58.6M | Form 4 |
| Jun 4, 2026 | BORGESON JOHN A.Chief Financial Officer | Sale | 30,000 | $34.10 | $1.0M | Form 4 |
| Apr 2, 2026 | BORGESON JOHN A.Chief Financial Officer | Sale | 30,000 | $39.92 | $1.2M | Form 4 |
| Dec 18, 2025 | Baker Brothers Life Sciences LPDirector | Buy | 2,608,696 | $23.00 | $60.0M | Form 4 |
| Jun 17, 2025 | BORGESON JOHN A.Chief Financial Officer | Sale | 723 | $3.65 | $2.6K | Form 4 |
| Jun 17, 2024 | BORGESON JOHN A.Chief Financial Officer | Sale | 2,874 | $2.75 | $7.9K | Form 4 |
| Jun 12, 2024 | BORGESON JOHN A.Chief Financial Officer | Sale | 1,558 | $2.92 | $4.5K | Form 4 |
| Jun 16, 2023 | EHRLICH JASONSee Remarks | Sale | 2,258 | $9.23 | $20.8K | Form 4 |
| Jun 16, 2023 | BORGESON JOHN A.Chief Financial Officer | Sale | 2,749 | $9.23 | $25.4K | Form 4 |
| Jun 14, 2023 | EHRLICH JASONSee Remarks | Sale | 1,132 | $9.42 | $10.7K | Form 4 |
| Jun 14, 2023 | BORGESON JOHN A.Chief Financial Officer | Sale | 1,448 | $9.42 | $13.6K | Form 4 |
| Jun 17, 2022 | EHRLICH JASONSee Remarks | Sale | 2,282 | $7.02 | $16.0K | Form 4 |
| Jun 17, 2022 | BORGESON JOHN A.Chief Financial Officer | Sale | 2,798 | $7.02 | $19.6K | Form 4 |
| Jun 15, 2022 | EHRLICH JASONSee Remarks | Sale | 1,205 | $7.21 | $8.7K | Form 4 |
| Jun 15, 2022 | BORGESON JOHN A.Chief Financial Officer | Sale | 1,545 | $7.21 | $11.1K | Form 4 |
| Jun 6, 2022 | Baker Bros. Advisors (GP) LLCDirector | Buy | 303,917 | $7.77 | $2.4M | Form 4 |
| Jun 3, 2022 | Baker Bros. Advisors (GP) LLCDirector | Buy | 102,200 | $7.95 | $812.2K | Form 4 |
All 43 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- BAKER BROS. ADVISORS LPSCHEDULE 13D/A, 6 filings Oct 1, 2021 to Sep 30, 202629
- PRICE T ROWE ASSOCIATES INC /MD/SCHEDULE 13G, 4 filings Feb 14, 2022 to Aug 14, 202630
- Sirenia Capital Management LPSCHEDULE 13G, 1 filing May 15, 202631
- BlackRockSCHEDULE 13G, 1 filing Apr 27, 202632
- Point72 Asset Management, L.P.SCHEDULE 13G, 3 filings Aug 19, 2025 to Apr 2, 202633
- Victor PerlrothSCHEDULE 13G/A, 5 filings Feb 14, 2022 to Feb 17, 202634
- VANGUARD GROUP INCSC 13G/A, 2 filings Feb 10, 2022 to Feb 9, 202335
- Wellington Management CompanySC 13G/A, 2 filings Feb 4, 2022 to Mar 10, 202236
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Baker Bros. Advisors LP | 19,919,186 | $776.1M | 3.9% | No change |
| BlackRock, Inc. | 4,135,355 | $161.1M | 0.0% | +200,053 |
| State Street Corp | 2,419,417 | $94.3M | 0.0% | +168,497 |
| Goldman Sachs Group Inc | 2,316,014 | $90.2M | 0.0% | +627,011 |
| Vanguard Capital Management LLC | 1,804,632 | $70.3M | 0.0% | +87,556 |
| Braidwell LP | 1,787,318 | $69.6M | 2.7% | −31,347 |
| Jupiter Topco LLC | 1,526,006 | $59.5M | 0.0% | New |
| Rtw Investments, LP | 1,487,934 | $58.0M | 0.5% | No change |
| Boxer Capital Management, LLC | 1,477,600 | $57.6M | 4.3% | +116,600 |
| TCG Crossover Management, LLC | 1,445,538 | $56.3M | 1.4% | No change |
| ICONIQ Capital, LLC | 1,266,563 | $49.3M | 1.4% | No change |
| Geode Capital Management, LLC | 1,062,955 | $41.4M | 0.0% | +62,544 |
| Ikarian Capital, LLC | 1,059,730 | $41.3M | 6.8% | −206,065 |
| Artisan Partners Limited Partnership | 968,037 | $37.7M | 0.1% | +277,715 |
| Wellington Management Group Llp | 793,613 | $30.9M | 0.0% | +357,284 |
| Board of Trustees of The Leland Stanford Junior University | 691,767 | $27.0M | 5.1% | No change |
| Silverarc Capital Management, LLC | 546,256 | $21.3M | 2.4% | −445,674 |
| Vanguard Portfolio Management LLC | 532,819 | $20.8M | 0.0% | +167,768 |
| Adage Capital Partners Gp, L.l.c. | 500,000 | $19.5M | 0.0% | −75,000 |
| Squadron Capital Management LLC | 500,000 | $19.5M | 6.7% | +120,000 |
| Two Sigma Investments, LP | 473,001 | $18.4M | 0.0% | +373,533 |
| Morgan Stanley | 435,029 | $16.9M | 0.0% | −80,835 |
| Bank Of America Corp /de/ | 383,709 | $14.9M | 0.0% | +83,353 |
| Boone Capital Management LLC | 378,010 | $14.7M | 3.4% | +96,678 |
| Northern Trust Corp | 366,827 | $14.3M | 0.0% | −24,522 |
13F reports cover disclosed long positions in U.S. stocks only.
Members of Congress who traded it
2 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| Nov 8, 2022 | Christopher L. Jacobs, House | Sale | $1,001 - $15,000 | −1084.4% | Report |
| Jul 18, 2022 | Christopher L. Jacobs, House | Buy | $1,001 - $15,000 | +763.1% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
Links
- Websitekodiak.com1
- WikidataQ106301447
- SEC EDGARCIK 1468748
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataKodiak Sciences Inc. on Wikidata
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- 4Company websiteKodiak Sciences Inc. logo
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- 16SEC EDGARMatthew H. Davis, President
- 17SEC EDGARMichael Weiser, President
- 18
- 19SEC EDGARJason Ehrlich, Officer
- 20SEC EDGARJohn A. Borgeson, Officer
- 21SEC EDGARStephen J. Pilatzke, Treasurer
- 22SEC EDGARJohn Knox, Treasurer
- 23SEC EDGARCharles A. Bancroft, Board member
- 24SEC EDGARTaiyin Yang, Board member
- 25SEC EDGARBassil I. Dahiyat, Board member
- 26SEC EDGARBob Profusek, Board member
- 27SEC EDGARFelix Baker, Board member
- 28SEC EDGARMatthew H. Davis, Board member
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