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Kodiak Sciences Inc. (KOD) Form 8-K — Aug 13, 2026

$KODForm 8-KItems 2.02, 9.01Filed Aug 13, 2026, 4:00 PM ET0001193125-26-349107Original filing

Kodiak Sciences reported a second-quarter 2026 net loss of $65.6 million, or $1.05 per share, wider than the $54.3 million, or $1.03 per share, loss a year ago, as R&D expenses rose 31% to $56.1 million on expanded Phase 3 clinical and manufacturing activity. The company ended the quarter with $125.9 million of cash, down from $209.9 million at year-end 2025, and said current cash supports planned operations into 2027 — a runway that implies a capital raise is likely before its late-stage programs reach the market.

Key figures

Guidance
Current cash and cash equivalents expected to support current and planned operations into 2027
Total Assets
256811000
Cash Position
125903000
Ga Expense Q2
10755000
Rnd Expense Q2
56083000
Cash Dec312025
209862000
Working Capital
78588000
Alto Study Patients
910
Anti VEGFMarket Size
$15 billion
Stockholders Equity
61096000
Peak First Cohort Patients
300
Weighted Avg Shares Q22025
52779162
Weighted Avg Shares Q22026
62628596
Stock Based Compensation Q2
11600000

Price after filing

1 day: +3.4%7 days: -0.4%30 days: -17.7%

Close on the filing date to close N calendar days later (from $39.98). Historical, not a forecast.

AI analysis

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