Kodiak Sciences ( (KOD) ) has released its Q2 earnings. Here is a breakdown of the information Kodiak Sciences presented to its investors.
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Kodiak Sciences Inc., a biotechnology company based in Palo Alto, California, focuses on developing innovative therapies for retinal diseases using its proprietary Antibody Biopolymer Conjugate (ABC) Platform.
In its latest earnings report for the second quarter of 2025, Kodiak Sciences highlighted significant advancements in its clinical programs, particularly for its three late-stage assets: tarcocimab, KSI-501, and KSI-101. The company also provided updates on its digital health initiatives and financial performance.
Key financial metrics revealed a net loss of $54.3 million for the quarter, an increase from the previous year’s $45.1 million loss. Research and development expenses rose to $42.8 million, driven by active clinical studies, while general and administrative expenses decreased due to lower stock-based compensation and sublease income. The company ended the quarter with $104.2 million in cash and cash equivalents.
Strategically, Kodiak Sciences is progressing with multiple Phase 3 trials for its leading drug candidates, with topline data expected in 2026 and beyond. The company is also advancing its digital health program, VETi, which integrates AI and machine learning to enhance its commercial retina franchise.
Looking forward, Kodiak Sciences remains focused on advancing its clinical pipeline and leveraging its ABC Platform to address unmet needs in retinal disease treatment, with management confident in its financial stability to support ongoing operations into 2026.