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Kodiak Sciences Inc.
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NASDAQ: KOD Healthcare Pharma 🔎 Screen
🏹 Trader: 🚀 Stage 2 + Near High 📈 Stage 2 🎯 Near 52W High | BRS 77 Ready View all →
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$4.8B
Market Cap
—
P/E
—
PEG
-145.1%
ROCE
N/M
ROE
0.86
D/E
—
OPM
-12.3%
% from 52W High
99
α RS
🔍 KOD is showing a multi-screen setup because it matches 3 of 39 tracked screener presets, Sector RRG has Health Care in the Leading quadrant with the trail still strengthening, RS Rating is 99 (top decile vs market), and it has maintained a 19-day Stage 2 momentum persistence. Net: Broad signal stack, not a recommendation. ? Conviction RRG RS Rating Momentum Streaks
Sources
Conviction 3/39 · Health Care in Leading quadrant · RS Rating 99 · Stage 2 streak: 19d
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🌏 Global Investor Returns
Currency-adjusted total returns for KOD including FX impact
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📈 Price History
Ratio Health
— Excellent
— Good
— Average
— Poor
By Category
📊 Peer Medians
About

Kodiak Sciences Inc., a clinical stage biopharmaceutical company, engages in the research, development, and commercialization of therapeutics to treat retinal diseases. Its lead product candidate is tarcocimab tedromer (KSI-301), an anti-vascular endothelial growth factor (VEGF) antibody biopolymer that has complete Phase 3 clinical study to treat high prevalence retinal vascular diseases; and in Phase 3 clinical study for the treatment of diabetic retinopathy, wet age-related macular degeneration (AMD), retinal vein occlusion, and diabetic macular edema, as well as in Phase 2/3 clinical study to treat wet AMD. The company’s preclinical stage product candidate includes KSI-501, an anti- interleukin-6 (IL-6) and VEGF-trap bispecific antibody biopolymer conjugate for high prevalence retinal vascular diseases; and KSI-101 (KSI-501P), a bispecific protein targeting IL-6 and VEGF developed for patients who have retinal fluid and inflammation. The company was formerly known as Oligasis, LLC and changed its name to Kodiak Sciences Inc. in September 2015. Kodiak Sciences Inc. was incorporated in 2009 and is based in Palo Alto, California.

Key Ratios Snapshot
📈 Growth Pattern
📊 Quick Scorecard
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⭐ Superinvestors Holding KOD
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Manager Shares Value % of Fund Period
Steve Cohen Point72 Asset Management 459.7K $17.5M 0.02% Mar 2026
Jim Simons Renaissance Technologies LLC 294.3K $11.2M 0.02% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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3-Statement Financial Model
Bear / Base / Bull projections · DCF fair value · Reverse-DCF
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📊 MIXED Kodiak Sciences advances three late-phase retina programs, GLOW2 enrolling, DAYBREAK targeted mid-2024.
Revenue & Profitability
Not discussed in this earnings call. No specific revenue, net income, or operating income figures were provided. The company noted an 'attractive cash position as of Q4' but gave no dollar amount.
Outlook
Management believes the retina sector is concentrated with only Roche and Regeneron as dominant players and sees room for another major player. They highlight that durability remains a key unmet need, and they aim to provide six-month dosing as an initiating therapy without sacrificing potency or safety.
Growth Drivers
Key growth levers include advancing Tarcocimab through GLOW2 (diabetic retinopathy, already enrolling) and DAYBREAK (wet AMD, targeting mid-2024), KSI-501 into a phase III DAYBREAK study in wet AMD, and KSI-101 into a phase Ib dose-finding study in Q2 2024 followed by dual pivotal studies. The company expects to have four pivotal studies ongoing later in 2024 across the three programs.
Balance Sheet & CapEx
Not discussed in this earnings call.
Margins
Not discussed in this earnings call. As a pre-revenue biotech, no margin data was provided.
Key Risks
Risks include potential failure of Tarcocimab in the DAYBREAK study for wet AMD, which could limit its competitive positioning and approval in that indication. The company acknowledged that adding Tarcocimab to DAYBREAK is a 'gamble' informed by data and manufacturing adjustments. Other risks include dependence on FDA feedback for study designs and the need to successfully bridge the go-to-market formulation.
Generated by AI · Q4 2023 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (1 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (1)
Q4 2023 Q4 2023 2024-03-28
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Information Sources:
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