KODK

MKT CAP:$1B

Eastman Kodak Company

Market Cap

$1B

Industrials·Specialty Business Services·🇺🇸 United States·NYSE

Industrials·Specialty·🇺🇸·NYSE

Stock Price

$12.93+$4.49 (+53.14%)

Apr 20, 2026

Company Details

Eastman Kodak Company provides hardware, software, consumables, and services to customers in the commercial print, packaging, publishing, manufacturing, and entertainment markets worldwide. The company operates through Traditional Printing,...

CEO

James V. Continenza

IPO Date

Sep 23, 2013

Website

www.kodak.com

Key Metrics TTM

Revenue

$1.1B

+2.5% YoY

Net Income

-$128M

EPS (Diluted)

-$1.78

Free Cash Flow

$446M

Revenue / Share

$11.90

Gross Margin

21.7%

Operating Margin

2.3%

Net Margin

-12.0%

FCF Margin

41.7%

P/S

1.2x

P/E

—

Earnings Reports

Q1 2026

May 7, 2026

PENDING

FY 2025

Mar 12, 2026

$1.1B+2.5%EPS -$1.78

Q4 2025

Mar 12, 2026

$290M+9.0%EPS -$1.22

Q3 2025

Nov 6, 2025

$269M+3.1%EPS -$0.08

Q2 2025

Aug 11, 2025

$263M-1.5%EPS -$0.36

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$290M	$33M	-$19M
Q2 22	$321M	$51M	$1M
Q3 22	$289M	$43M	-$7M
Q4 22	$305M	$43M	-$1M
Q1 23	$278M	$50M	$5M
Q2 23	$295M	$63M	$10M
Q3 23	$269M	$50M	$2M
Q4 23	$275M	$50M	-$13M
Q1 24	$249M	$49M	$7M
Q2 24	$267M	$58M	$2M
Q3 24	$261M	$45M	-$8M
Q4 24	$266M	$51M	-$8M
Q1 25	$247M	$46M	-$13M
Q2 25	$263M	$51M	-$5M
Q3 25	$269M	$68M	$19M
Q4 25	$290M	$67M	$24M

Valuation

Quarter	P/S	P/E
Q1 22	0.4x	34.6x
Q2 22	0.3x	22.1x
Q3 22	0.3x	28.5x
Q4 22	0.2x	10.2x
Q1 23	0.3x	5.4x
Q2 23	0.3x	4.9x
Q3 23	0.3x	4.2x
Q4 23	0.3x	3.9x
Q1 24	0.4x	5.2x
Q2 24	0.4x	6.5x
Q3 24	0.4x	4.7x
Q4 24	0.5x	5.4x
Q1 25	0.5x	8.1x
Q2 25	0.5x	46.1x
Q3 25	0.6x	96.4x
Q4 25	0.7x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$43M	-$48M
Q2 22	-$60M	-$64M
Q3 22	-$27M	-$37M
Q4 22	$14M	$2M
Q1 23	$14M	$9M
Q2 23	$7M	$1M
Q3 23	$0	-$4M
Q4 23	$17M	$0
Q1 24	$17M	$7M
Q2 24	-$7M	-$16M
Q3 24	-$21M	-$41M
Q4 24	$4M	-$13M
Q1 25	-$38M	-$50M
Q2 25	$8M	-$4M
Q3 25	$21M	$17M
Q4 25	$489M	$483M

Capital Expenditures

Quarter	CapEx
Q1 22	$5M
Q2 22	$4M
Q3 22	$10M
Q4 22	$12M
Q1 23	$5M
Q2 23	$6M
Q3 23	$4M
Q4 23	$17M
Q1 24	$10M
Q2 24	$9M
Q3 24	$20M
Q4 24	$17M
Q1 25	$12M
Q2 25	$12M
Q3 25	$4M
Q4 25	$6M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+9.4%	+10.8%
Q2 22	+10.3%	+11.5%
Q3 22	+0.7%	+0.0%
Q4 22	-0.7%	-13.3%
Q1 23	-4.1%	-11.7%
Q2 23	-8.1%	-10.9%
Q3 23	-6.9%	-9.8%
Q4 23	-9.8%	-5.9%
Q1 24	-10.4%	-11.4%
Q2 24	-9.5%	-7.0%
Q3 24	-3.0%	+0.7%
Q4 24	-3.3%	-4.9%
Q1 25	-0.8%	+7.4%
Q2 25	-1.5%	+1.1%
Q3 25	+3.1%	-7.1%
Q4 25	+9.0%	-2.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$2M	0.7%
Q2 22	$1M	0.3%
Q3 22	$1M	0.3%
Q4 22	$0	0.0%
Q1 23	$4M	1.4%
Q2 23	$1M	0.3%
Q3 23	$1M	0.4%
Q4 23	$0	0.0%
Q1 24	$3M	1.2%
Q2 24	$1M	0.4%
Q3 24	$1M	0.4%
Q4 24	$1M	0.4%
Q1 25	$2M	0.8%
Q2 25	$1M	0.4%
Q3 25	$0	0.0%
Q4 25	$1M	0.3%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q1 22	$9M	—	—	—
Q2 22	$9M	—	—	—
Q3 22	$8M	—	—	—
Q4 22	$8M	$16M	$3M	—
Q1 23	$9M	—	—	$34M
Q2 23	$9M	—	—	—
Q3 23	$7M	—	—	—
Q4 23	$9M	$19M	$2M	—
Q1 24	$9M	—	—	$45M
Q2 24	$8M	—	—	$47M
Q3 24	$8M	—	—	$44M
Q4 24	$8M	$9M	$4M	—
Q1 25	$9M	—	—	$45M
Q2 25	$9M	—	—	$41M
Q3 25	$7M	—	—	—
Q4 25	$8M	—	—	$47M

Revenue Segments

Quarter	Product	Service
Q1 22	$234M	$56M
Q2 22	$266M	$55M

Revenue by Geography

Quarter	Asia Pacific	Emea	Latin America	North America
Q3 22	$56M	$101M	$8M	$124M
Q1 23	$52M	$94M	$6M	$126M
Q2 23	$54M	$97M	$6M	$138M
Q3 23	$50M	$91M	$6M	$122M
Q4 23	$55M	$98M	$6M	$116M
Q1 24	$45M	$85M	$4M	$115M
Q2 24	$45M	$86M	$5M	$131M
Q3 24	$51M	$80M	$5M	$125M
Q4 24	$52M	$83M	$5M	$126M
Q1 25	$46M	$75M	$4M	$122M
Q2 25	$51M	$81M	$3M	$128M
Q3 25	$46M	$79M	$6M	$138M
Q4 25	$56M	$87M	$5M	$142M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$309M	$0	$309M
Q2 22	$289M	$0	$289M
Q3 22	$216M	$0	$216M
Q4 22	$217M	$0	$217M
Q1 23	$225M	$0	$225M
Q2 23	$223M	$0	$223M
Q3 23	$246M	$0	$246M
Q4 23	$255M	$0	$255M
Q1 24	$262M	$0	$262M
Q2 24	$251M	$0	$251M
Q3 24	$214M	$0	$214M
Q4 24	$201M	$0	$201M
Q1 25	$158M	$0	$158M
Q2 25	$155M	$0	$155M
Q3 25	$168M	$0	$168M
Q4 25	$337M	$0	$337M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	79M	-2.4%	+0.3%
Q2 22	90M	+14.6%	-10.3%
Q3 22	79M	-12.4%	-2.0%
Q4 22	80M	+1.7%	-0.3%
Q1 23	92M	+14.7%	+17.2%
Q2 23	93M	+0.9%	+3.1%
Q3 23	80M	-14.5%	+0.6%
Q4 23	80M	+0.1%	-1.0%
Q1 24	91M	+14.7%	-1.0%
Q2 24	92M	+1.2%	-0.6%
Q3 24	92M	0.0%	+16.2%
Q4 24	81M	-12.9%	+1.1%
Q1 25	81M	+0.1%	-11.7%
Q2 25	81M	+0.4%	-12.4%
Q3 25	90M	+11.0%	-2.8%
Q4 25	90M	0.0%	+11.6%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$69.0K	4K
Q2 22	$76.4K	4K
Q3 22	$68.8K	4K
Q4 22	$72.6K	4K
Q1 23	$66.2K	4K
Q2 23	$70.2K	4K
Q3 23	$64.0K	4K
Q4 23	$68.8K	4K
Q1 24	$62.3K	4K
Q2 24	$66.8K	4K
Q3 24	$65.3K	4K
Q4 24	$68.2K	4K
Q1 25	$63.3K	4K
Q2 25	$67.4K	4K
Q3 25	$69.0K	4K
Q4 25	$82.9K	4K

Revenue / Employee