Eastman Kodak, one of the most iconic American companies, known for its photography and film business, said it is at risk of going out of business, prompting a massive stock slide on Tuesday.

Here’s what to know.

Kodak Q2 2025 earnings

Let’s start with Kodak’s earnings report on Monday. For the second quarter ending June 30, 2025, Kodak reported revenue was $263 million, a decrease of $4 million, or 1% compared to the same period in 2024. Adjusting for the favorable impact of foreign exchange of $5 million, revenues decreased by $9 million, or 3% compared to the year prior.

Kodak ended the quarter with a cash balance of $155 million, a decrease of $46 million from December 31, 2024. The decrease was primarily driven by capital expenditures to fund growth initiatives, changes in working

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