Eastman Kodak, the 133-year-old photography pioneer, has warned it may not survive much longer. In its latest earnings report, Kodak disclosed it lacks the financing or liquidity to cover roughly $500 million in upcoming debt, raising "substantial doubt" about its ability to continue operating.
The company plans to halt pension payments to conserve cash but said tariffs will have little impact since most products are made in the U.S. Shares fell over 7% in premarket trading Tuesday.
Kodak cautions there’s ‘substantial doubt’ about its ability to stay in business https://t.co/pYVtN1PEE7
— L.A. Daily News (@ladailynews) August 12, 2025
Founded in 1892, Kodak once dominated U.S. camera and film sales, holding 90% of the film market in the 1970s. The firm invented the first digital camera in 1975 but failed to capitalize on the technology, leading to a 2012 bankruptcy.
Briefly buoyed by a 2020 government push into pharmaceuticals, Kodak has since struggled to regain its footing. It still produces film, chemicals, and licenses its brand, but its future remains uncertain.
