Kodiak Copper (KDK) AI Stock Analysis

• Market Cap: C$98.36M
• Dividend Yield: N/A
• Average Volume (3M): 92.33K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.23
• Revenue Growth: N/A
• EPS Growth: -46.78%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Other Precious Metals
• EPS (TTM): N/A
• Shares Outstanding: 95,493,110
• 10 Day Avg. Volume: 115,279
• 30 Day Avg. Volume: 92,327
• PEG Ratio: 0.91
• Price to Book (P/B): 1.41
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -32.71
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 53 Neutral
• Price Target: C$1.00 ▼(-5.66% Downside)

The score is held back primarily by weak fundamentals (no revenue, ongoing losses, and negative free cash flow) despite some improvement in 2025. This is balanced by a relatively strong balance sheet with minimal debt and a constructive technical trend, while valuation is constrained by negative earnings and no dividend support.

Positive Factors

Minimal leverage / low debt

Near-zero debt materially reduces financial risk for an exploration company, increasing flexibility to pursue drilling and permitting without fixed interest burdens. This durable capital-structure strength lengthens strategic runway and lowers bankruptcy risk over the next 2–6 months.

Growing equity and asset base

Substantially larger equity and asset base provides capacity to fund exploration programs and absorb volatility in project timing. A bigger balance sheet supports ongoing capital needs and positions the company to finance development through equity rather than high-cost debt.

Reduced cash burn in 2025

A large improvement in free cash flow indicates better capital allocation and tighter cost control, lowering near-term financing pressure. If sustained, the trend enhances runway and increases the chance of self-funding more exploration activity without immediate dilutive raises.

Negative Factors

No revenue generation

As an exploration-stage miner, zero revenue means the firm cannot generate operating income to fund activities; long-term value depends on discovery and monetization. This structural absence of revenue forces reliance on capital markets and makes profitability uncertain over months.

Persistent negative operating cash flow

Consistently negative operating cash flows create structural dependence on external financing to sustain programs. Over 2–6 months this elevates dilution risk, can restrict drilling timelines, and increases vulnerability to capital-market access or funding cost shifts.

Negative returns on equity / dilution

Negative ROE signals the company is not generating value from invested capital; despite rising equity, shareholders face dilution as losses persist. Structurally this undermines long-term investor returns and may pressure future financing terms and shareholder appetite.

Kodiak Copper Business Overview & Revenue Model

Company Description

Kodiak Copper Corp. engages in the copper porphyry projects exploration business in Canada and the United States. The company's principal project is the MPD copper-gold porphyry project that covers an area of approximately 147 square kilometers in south central British Columbia. It also holds a 100% interests in the Mohave copper-molybdenum-silver porphyry project covering an area of approximately 10.4 square kilometers in Mohave County, Arizona, the United States; and the Kahuna diamond project located in Nunavut, Canada. The company was formerly known as Dunnedin Ventures Inc. and changed its name to Kodiak Copper Corp. in April 2020. Kodiak Copper Corp. was incorporated in 1987 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Kodiak Copper makes money through the exploration and potential development of its mineral properties, focusing on discovering economically viable copper deposits. The company generates revenue primarily by increasing the value of its exploration projects through successful drilling results and resource expansion, which can attract investments or lead to partnerships with larger mining companies. This can result in capital inflows through equity financing, joint ventures, or outright sale of its projects if they prove to be commercially viable. Additionally, strategic partnerships with other mining companies or investors can provide funding and technical expertise, contributing to Kodiak's ability to advance its exploration activities and enhance its project portfolio.

Kodiak Copper Financial Statement Overview

Summary

Financials are mixed but skew weak: the company has no revenue and recurring operating losses (income statement score 22) with persistent negative operating/free cash flow (cash flow score 30), indicating ongoing funding dependence. This is partly offset by a strong, low-risk capital structure with near-zero debt and a much larger equity base (balance sheet score 68), and 2025 showed improved loss and reduced cash burn versus 2024.

Income Statement

Across 2020–2025 annual reports, the company reports no revenue and recurring operating losses, consistent with an early-stage/mining exploration profile. Losses have improved from the 2024 annual report to 2025 (net loss narrowed to about -$1.2M from about -$2.4M), but profitability remains firmly negative and margins are effectively not meaningful given zero revenue. Overall, the trajectory is modestly better year-over-year, but earnings quality is still weak because results depend on spending levels rather than business scalability.

Balance Sheet

The balance sheet is a relative strength: debt is effectively zero (no leverage in 2024–2025; minimal debt previously), which reduces financial risk. Equity has grown materially over time (about $4.1M in 2020 to about $45.5M in 2025), supporting a larger asset base (assets about $51.1M in 2025). The key weakness is that returns on equity remain negative due to ongoing net losses, meaning shareholders are being diluted/consumed by operating burn rather than earning a return.

Cash Flow

Cash generation is a clear pressure point: operating cash flow and free cash flow are negative every year shown, indicating ongoing cash burn to fund operations and exploration. Free cash flow improved sharply in the 2025 annual report (around -$2.0M vs. around -$9.6M in 2024), but the prior years show sizable and volatile outflows (roughly -$7.1M to -$11.4M). With cash flow consistently negative, the business likely remains dependent on external financing to sustain activity.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	0.00	0.00	0.00	0.00	-450.00	-384.00
EBITDA	-1.99M	-810.06K	-2.98M	-3.17M	-3.83M	-3.48M
Net Income	-1.17M	-1.17M	-2.43M	-1.90M	-1.47M	-1.75M
Balance Sheet
Total Assets	51.10M	51.10M	40.48M	36.00M	30.66M	22.39M
Cash, Cash Equivalents and Short-Term Investments	9.43M	9.43M	3.67M	6.76M	10.58M	11.91M
Total Debt	0.00	0.00	0.00	40.00K	40.00K	40.00K
Total Liabilities	5.63M	5.63M	3.87M	2.96M	2.63M	3.34M
Stockholders Equity	45.47M	45.47M	36.61M	33.03M	28.03M	19.05M
Cash Flow
Free Cash Flow	-4.70M	-1.97M	-9.64M	-11.40M	-11.40M	-7.08M
Operating Cash Flow	-1.97M	-1.97M	-2.38M	-1.89M	-2.80M	-1.90M
Investing Cash Flow	-5.32M	-5.32M	-7.26M	-9.73M	-8.67M	-5.20M
Financing Cash Flow	13.10M	13.10M	6.56M	7.96M	10.09M	16.30M

Kodiak Copper Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 1.06
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:KDK, the sentiment is Neutral. The current price of 1.06 is below the 20-day moving average (MA) of 1.12, above the 50-day MA of 0.95, and above the 200-day MA of 0.71, indicating a neutral trend. The MACD of 0.03 indicates Positive momentum. The RSI at 51.24 is Neutral, neither overbought nor oversold. The STOCH value of 24.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:KDK.

Kodiak Copper Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
CUAU	57 Neutral	C$107.99M	-29.96	-44.59%	―	―	-56.33%
KDK	53 Neutral	C$98.36M	-69.23	-6.90%	―	―	-46.78%
CGNT	53 Neutral	C$96.07M	-3.61	-369.28%	―	―	34.55%
DEF	49 Neutral	C$120.76M	-47.89	-4.10%	―	―	43.20%
MMG	48 Neutral	C$76.60M	-17.79	-41.14%	―	―	42.42%

Kodiak Copper Corporate Events

Kodiak Copper Files NI 43-101 Report for Large Initial Resource at MPD Project

Kodiak Copper has filed an independent NI 43-101 technical report supporting the initial mineral resource estimate for its 100%-owned MPD copper-gold project in southern British Columbia, defining seven near-surface, open-pit style deposits. The estimate outlines an Indicated resource of 82.9 million tonnes grading 0.39% copper equivalent and an Inferred resource of 356.3 million tonnes grading 0.32% copper equivalent, with all deposits remaining open for expansion and sensitivity cases at lower cut-off grades indicating significantly larger tonnages and metal content. This initial resource establishes MPD as a large-scale copper-gold system and provides a platform for Kodiak’s 2026 work program, which will focus on expanding existing deposits and testing numerous underexplored targets on the property, potentially enhancing the project’s economic appeal and the company’s standing among copper-gold developers in British Columbia.

Kodiak Copper Reaches Milestone with Initial Resource Estimate at MPD Project

Kodiak Copper Corp. has announced the initial Mineral Resource Estimate (MRE) for its MPD copper-gold project, marking a significant milestone in the project’s development. The MRE includes seven deposits, with the latest estimates for the West, Adit, and South deposits indicating substantial potential for future growth and development. The deposits feature favorable characteristics such as shallow mineralization and high-grade resources, positioning them well for future economic evaluations. The total indicated and inferred resources highlight the project’s considerable scale and growth potential, with all deposits remaining open for expansion. Kodiak plans to focus on resource growth and exploration of underexplored targets in 2026, aiming to enhance the project’s economic potential and discover new mineralized zones.

Kodiak Copper Advances to OTCQX Best Market, Enhancing U.S. Investor Access

Kodiak Copper Corp. has advanced to the OTCQX Best Market from the OTCQB Venture Market, a move that enhances its visibility and accessibility to U.S. investors. This upgrade reflects the company’s strong business fundamentals and commitment to shareholder value, potentially unlocking new opportunities for growth and positioning Kodiak favorably within the industry.

Kodiak Copper Enhances Investor Outreach with Capital Analytica Engagement

Kodiak Copper Corp. has engaged Capital Analytica to enhance its marketing and communication efforts, aiming to improve investor relations and market visibility as it progresses towards a maiden mineral resource estimate for its MPD copper-gold project. This strategic move is expected to bolster Kodiak’s industry positioning by demonstrating the scale and potential of its projects, potentially impacting stakeholder interest and investment.