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KODK

Eastman Kodak Company

KODK

Eastman Kodak Company • NYSE
$7.64 ▲ 0.26% (+0.02)
Market Cap $633.74 M
52w High $8.90
52w Low $4.93
Dividend Yield 0%
P/E -23.87
Volume 290.76K
Outstanding Shares 82.95M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $269M ▲ $49M ▼ $13M ▲ 4.833% ▲ $0.14 ▲ $41M ▲
Q2-2025 $263M ▲ $56M ▼ $-26M ▼ -9.886% ▼ $-0.36 ▼ $-2M ▼
Q1-2025 $247M ▼ $59M $-7M ▼ -2.834% ▼ $-0.12 ▼ $16M ▼
Q4-2024 $266M ▲ $59M ▲ $26M ▲ 9.774% ▲ $0.25 ▲ $45M ▲
Q3-2024 $261M $53M $18M 6.897% $0.16 $43M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $168M ▲ $2.075B ▲ $1.214B ▲ $861M ▲
Q2-2025 $155M ▼ $1.933B ▼ $1.183B ▲ $750M ▼
Q1-2025 $158M ▼ $1.937B ▼ $1.154B ▲ $783M ▼
Q4-2024 $201M ▼ $2.001B ▼ $1.142B ▼ $859M ▼
Q3-2024 $214M $2.388B $1.19B $1.198B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $13M ▲ $21M ▲ $-4M ▲ $1M ▲ $18M ▲ $17M ▲
Q2-2025 $-26M ▼ $8M ▲ $-12M ▼ $-2M $-3M ▲ $-4M ▲
Q1-2025 $-7M ▼ $-38M ▼ $-7M ▲ $-2M $-45M ▼ $-50M ▼
Q4-2024 $26M ▲ $4M ▲ $-17M ▲ $-2M ▼ $-21M ▲ $-13M ▲
Q3-2024 $18M $-21M $-20M $-1M $-38M $-41M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Growth Products
Growth Products
 $0 ▲$0 ▲$0 ▲$0 ▲
Other
Other
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Kodak’s income statement shows a company that has moved from deep losses to modest profitability, but on a fragile base. Revenue has been relatively flat to slightly down in recent years, suggesting the business is not yet in a clear growth phase. Profitability has improved meaningfully since 2020: gross margins are better, and the company is roughly breakeven at the operating level with positive net income. However, profit levels are thin, and small changes in demand, pricing, or costs could easily swing results back into loss territory. Overall, the trend is from crisis to stability, but not yet to strong, durable earnings power.

Balance Sheet

Balance Sheet The balance sheet looks much healthier than a few years ago but not bulletproof. Assets and equity increased after the difficult 2020 period, indicating some rebuilding of financial strength, though both eased back most recently. Debt has grown compared with earlier years but appears manageable relative to the size of the business and equity base. Cash balances are decent but not abundant, leaving some cushion yet not a lot of room for prolonged setbacks. In simple terms, Kodak now has a more solid foundation than in the past, but it still needs careful financial discipline to keep it that way.

Cash Flow

Cash Flow Cash flow is a weak spot. Despite reporting profits, Kodak has struggled to consistently turn those accounting earnings into cash. Operating cash flow has hovered around breakeven, occasionally positive but often slightly negative. After capital spending, free cash flow has been negative in most years, with only a brief period of slight positivity. This pattern suggests earnings quality is mixed and that the business still requires ongoing cash support for its operations and investments. The company is investing, but so far without generating steady surplus cash, which raises execution and funding risk over time.

Competitive Edge

Competitive Edge Kodak’s competitive position is built around specialized niches rather than broad consumer markets. In commercial print, it offers a full suite of plates, presses, and workflow software, competing on print quality, sustainability, and integrated solutions rather than scale alone. In advanced materials and chemicals, it leans on deep know-how in coating, imaging, and materials science to serve specific industrial customers. The iconic brand, long-standing customer relationships, and patent portfolio help, but the company still operates in highly competitive, mature, and often price-sensitive markets. Its edge lies more in specialization and technology depth than in market dominance, and it must continuously prove its value against larger, better-capitalized rivals.

Innovation and R&D

Innovation and R&D Innovation is a key part of Kodak’s current story. The company is deliberately shifting from traditional film and consumer photography into higher-value, technology-driven areas. In print, it pushes environmentally friendly plates, high-speed inkjet platforms, and end‑to‑end workflow software that ties production together for customers. In advanced materials, it applies its coating and chemistry expertise to electronics, specialty films, light‑blocking textiles, and other engineered materials. Looking ahead, Kodak is trying to open entirely new chapters in pharmaceuticals, battery materials, and specialized copper micro‑wire applications (such as transparent heaters and antennas). These initiatives could create new growth engines, but they are early, technically demanding, and competitive, so there is significant uncertainty around how large and how profitable they will ultimately become.

Summary

Overall, Kodak looks like a company in transition that has moved away from a crisis phase but has not yet reached comfortable, self-sustaining growth. The income statement shows a shift from heavy losses to modest, fragile profitability. The balance sheet has been repaired compared with 2020, yet still requires caution. Cash flow remains inconsistent, signaling that the underlying business model is not fully proven in cash terms. Competitively, Kodak is no longer a mass‑market consumer brand but a niche B2B player leveraging technology, patents, and long experience in imaging and materials. Its future depends heavily on the success of its innovation efforts in commercial print, advanced materials, pharmaceuticals, and battery-related products. If these bets pay off, they could reshape the company; if they stumble, the thin margins and weak cash generation leave limited room for error.

NEWS

November 6, 2025 · 4:15 PM UTC

Kodak Reports Third-Quarter 2025 Financial Results

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October 30, 2025 · 9:47 AM UTC

Eastman Kodak Company Third-Quarter 2025 Earnings Conference Call

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October 10, 2025 · 8:00 AM UTC

Kodak Announces Support for USA Bobsled Team

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September 22, 2025 · 1:00 PM UTC

Ateios Systems and Kodak Redefine Battery Manufacturing with High-Speed Solvent-Free Electrode Production

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