What is KDK's change in fair value of second lien loans?

KDK (KDK) reported change in fair value of second lien loans of $474K in Q1 2026.

What does change in fair value of second lien loans mean?

This reflects the non-cash gain or loss resulting from changes in the market value of second lien loans or similar convertible debt instruments measured at fair value. Fluctuations in this metric are driven by changes in the company's credit risk, market interest rates, or the underlying equity value. It highlights the volatility inherent in holding debt instruments that are subject to mark-to-market accounting.

KDK KDK Change in fair value of second lien loans

Change in fair value of second lien loans at other companies

Hims & Hers HealthHIMS

$17.65M—

BiohavenBHVN

$3.01M—

Taysha Gene Therapies, Inc.TSHA

$1.47M-3.9%

Taysha Gene Therapies, Inc.TSHA

$32K-87.5%

Eos Energy Enterprises, Inc.EOSE

$4.23M-28.7%

ASP Isotopes, Inc.ASPI

-$568K+40.6%

Other financials

Income statement

See full

Revenue$1.8M+24.4%

Operating income-$37.9M-104%

Net income$26.5M+121%

EPS (diluted)$0.10+105%

Balance sheet

See full

Cash & equivalents$66.4M+247%

Total debt$58.4M+1,068%

Total equity-$245.9M+34.7%

Total assets$130.8M-76.5%

Cash flow

See full

Operating cash flow-$29.5M-78.7%

CapEx$5.5M+138%

Free cash flow-$35.0M-86.0%

Valuation

See full

Market cap$1.05B-18.6%

Enterprise value$1.04B—

P/S252.8×—

Profitability

See full

Operating margin-2,695.8%—

Net margin-10,366.9%—

FCF margin-278%—

Returns & leverage

See full

Return on equity-21.5%—

Debt / equity-0.2×—

Current ratio3.7×+3.4×

Where this comes from

Reported directly by KDK in its filing.

Tagged under the XBRL concept kdk:FairValueAdjustmentOfConvertibleDebt.

The official record: KDK’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is KDK's change in fair value of second lien loans?: KDK (KDK) reported change in fair value of second lien loans of $474K in Q1 2026.
What does change in fair value of second lien loans mean?: This reflects the non-cash gain or loss resulting from changes in the market value of second lien loans or similar convertible debt instruments measured at fair value. Fluctuations in this metric are driven by changes in the company's credit risk, market interest rates, or the underlying equity value. It highlights the volatility inherent in holding debt instruments that are subject to mark-to-market accounting.