Kodak Stock (KODK) Sinks 15% on Going Concern Warning

Kodak (KODK) stock fell on Tuesday after the imaging and printing solutions company warned it might not be able to pay its debts. The company doesn’t have the funds to pay its preferred stock and debt obligations, and expects to terminate its Kodak Retirement Income Plan to reduce its debt. As a result, it has provided a going concern warning in its latest earnings report.

Kodak highlighted this concern in a filing with the Securities and Exchange Commission (SEC). In this filing, it said, “As of the date of issuance of these financial statements, Kodak has debt coming due within twelve months and does not have committed financing or available liquidity to meet such debt obligations if they were to become due in accordance with their current terms. These conditions raise substantial doubt about Kodak’s ability to continue as a going concern.”

Investors will also note that Kodak’s Q2 2025 earnings dropped year-over-year. The company reported a net loss of $26 million, compared to net income of $26 million in Q2 2024. This translated to earnings per share of -36 cents in Q2 2025, versus EPS of 23 cents in the same period of the year prior. Kodak’s revenue of $263 million also slipped 1% year-over-year from $267 million.

Kodak Stock Movement Today

Kodak stock dropped 14.01% on Tuesday following its going concern warning and earnings report. This had the shares down 10.81% year-to-date, but still up 37.53% over the past 12 months.

Is Kodak Stock a Buy, Sell, or Hold?

Turning to Wall Street, coverage of Kodak is thin. Fortunately, TipRanks’ AI analyst Spark has it covered. Spark rates KODK stock a Neutral (54) with a $6.50 price target, representing a potential 12.26% upside for the shares. It cites “challenging financial performance and mixed earnings call results” as reasons for this stance. This could change following today’s warning and earnings.

See what else Spark has to say about KODK stock