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KDK

Kodiak AI, Inc. Common Stock

KDK

Kodiak AI, Inc. Common Stock • NASDAQ
$6.00 ▼ -1.64% (-0.10)
Market Cap $1.09 B
52w High $10.48
52w Low $5.77
Dividend Yield 0%
P/E -1.99
Volume 132.40K
Outstanding Shares 181.21M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $770K ▲ $29.839M ▲ $-269.935M ▼ -35.056K% ▼ $-3.89 ▼ $-268.094M ▼
Q2-2025 $503K ▼ $25.85M ▲ $-113.726M ▲ -22.61K% ▼ $-0.71 $-24.632M ▲
Q1-2025 $1.471M ▲ $20.07M ▲ $-128.185M ▼ -8.714K% ▼ $-0.71 ▼ $-126.388M ▼
Q2-2024 $405K ▼ $17.413M ▼ $-17.965M ▲ -4.436K% ▼ $-0.099 ▲ $-15.543M ▼
Q1-2024 $422K $17.465M $-17.998M -4.265K% $-0.099 $-15.44M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $146.203M ▲ $177.839M ▲ $174.157M ▼ $3.682M ▲
Q2-2025 $20.249M ▲ $54.666M ▲ $541.585M ▲ $-486.919M ▼
Q1-2025 $17.667M $37.21M $413.844M $-376.634M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-269.935M ▼ $-68.146M ▼ $-17.544M ▼ $216.021M ▲ $146.065M ▲ $-80.027M ▼
Q2-2025 $-113.726M ▲ $-20.356M ▼ $-2.916M ▼ $25.854M ▲ $2.582M ▲ $-23.272M ▼
Q1-2025 $-128.185M ▼ $-16.506M ▼ $-2.32M ▼ $19.784M ▲ $958K ▲ $-18.826M ▼
Q2-2024 $-17.965M ▲ $-11.627M ▼ $-524K ▼ $7.495M ▲ $-4.656M ▲ $-12.151M ▼
Q1-2024 $-17.998M $-9.01M $-107K $-533K $-9.65M $-9.117M

Five-Year Company Overview

Income Statement

Income Statement Kodiak AI is still in a very early, pre-scale commercial phase. Revenue is tiny and not yet meaningful compared with its costs. The company is spending heavily on operations and development, which shows up as sizable operating and net losses in both recent years, and those losses have been getting a bit larger over time. Earnings per share remain clearly negative, which is typical for a young, research‑intensive technology company that is prioritizing product development and market entry over short‑term profitability.

Balance Sheet

Balance Sheet The balance sheet is thin and highly geared toward intangibles and development rather than hard assets. Cash is limited relative to the company’s ongoing losses, while debt is sizable compared with its total asset base. Shareholders’ equity is already negative, meaning accumulated losses exceed the capital invested so far. This combination points to a financially fragile position that likely depends on continued access to outside funding or strategic partners to support growth and ongoing operations.

Cash Flow

Cash Flow Kodiak AI is consistently burning cash from its core operations, with operating cash outflows that roughly match its accounting losses. Free cash flow is clearly negative, and there is essentially no spending on traditional physical capital, underscoring that most investment is in people, software, and technology development rather than factories or equipment. The current cash burn pattern implies that, without additional funding or a step change in revenue, the company would not be self‑sustaining in the near term.

Competitive Edge

Competitive Edge Kodiak AI operates in a highly competitive, capital‑intensive area of autonomous trucking where only a few players are likely to reach scale. Its differentiation comes from focusing on the “driver” software and hardware stack rather than building trucks themselves, using an asset‑light, service‑based model that fits how freight fleets already operate. Real‑world freight operations, early commercial contracts, and government work in defense add credibility and data advantages. However, the company competes against larger, better‑funded technology and automotive groups, faces strict safety and regulatory scrutiny, and must prove that its model can scale reliably and economically across many routes and customers.

Innovation and R&D

Innovation and R&D Innovation is the clear centerpiece of Kodiak AI’s story. The Kodiak Driver platform, with its modular SensorPods and perception software, is designed to be bolted onto many truck models, making the system flexible and easier to maintain. The company emphasizes practical, incremental deployment on specific long‑haul routes, gathering large amounts of real‑world driving data to refine its AI. A growing patent portfolio around sensors and control systems, plus dual‑use defense applications, helps protect its know‑how and expand its use cases. Future progress will hinge on continued software improvements, expanded driverless operations, and new defense and commercial contracts that validate the technology at greater scale.

Summary

Kodiak AI is an early‑stage autonomous trucking software company with promising technology, notable partnerships, and a focused business model, but it is still at the “investment and build‑out” phase rather than the “profit and scale” phase. Financially, it is small, loss‑making, and reliant on external capital, with a weak balance sheet and ongoing cash burn. Strategically, it has carved out a niche in long‑haul trucking and defense, using an asset‑light, driver‑as‑a‑service approach supported by proprietary hardware, software, and patents. The key question going forward is whether Kodiak can convert its technological lead and early traction into sustainable, profitable scale before funding constraints or competitive pressures become limiting. Uncertainty is high, and outcomes are likely to be very sensitive to execution, regulatory progress, and customer adoption over the next several years.

NEWS

November 12, 2025 · 4:15 PM UTC

Kodiak AI Announces Third Quarter 2025 Results

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November 4, 2025 · 9:00 AM UTC

Kodiak AI and ZF Partner on Steering for 100 Kodiak-Powered Driverless Trucks

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October 22, 2025 · 9:00 AM UTC

Kodiak to Report Third Quarter 2025 Results on November 12, 2025

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October 16, 2025 · 9:00 AM UTC

Kodiak's Self-Driving Trucks Achieve Top Score in Nauto Driver Safety Evaluation

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September 24, 2025 · 4:05 PM UTC

Kodiak Completes Business Combination with Ares Acquisition Corporation II to Accelerate Journey as a Leading AI-Powered Autonomous Vehicle Technology Company

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