KDK

MKT CAP:$2B

Kodiak AI, Inc. Common Stock

Market Cap

$2B

Technology·Software - Application·🇨🇦 Canada·NASDAQ

Technology·Software App·🇨🇦·NASDAQ

Stock Price

$9.79-$1.04 (-9.60%)

Apr 21, 2026

Company Details

Kodiak AI, Inc. develops a technology software. The Company offers AI-powered ground autonomy solutions for vehicles to navigate highways, surface streets, and off-road terrain through multi-sensor architecture transportation technology for...

CEO

Don Burnette

IPO Date

Sep 25, 2025

Website

kodiak.ai

Key Metrics TTM

Revenue

$4M

— YoY

Net Income

-$586M

EPS (Diluted)

-$5.73

Free Cash Flow

-$156M

Revenue / Share

$0.02

Gross Margin

-552.4%

Operating Margin

-2966.2%

Net Margin

-15420.7%

FCF Margin

-4121.6%

P/S

421.0x

P/E

—

Earnings Reports

FY 2025

Dec 30, 2025

$4M-74.6%EPS -$6.42

Q4 2025

Dec 30, 2025

$1MEPS -$0.42

Q3 2025

Sep 29, 2025

$770.0KEPS -$3.89

Q2 2025

Jun 30, 2025

$503.0K+24.2%EPS -$0.71

Q1 2025

Mar 31, 2025

$1M+248.6%EPS -$0.71

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 23	$0	$0	-$431.4K
Q1 24	$422.0K	$422.0K	-$17M
Q2 24	$405.0K	$405.0K	-$17M
Q1 25	$1M	$1M	-$19M
Q2 25	$503.0K	$503.0K	-$25M
Q3 25	$770.0K	-$130.0K	-$30M
Q4 25	$1M	-$23M	-$39M

Valuation

Quarter	P/S	P/E
Q4 23	—	—
Q1 24	—	—
Q2 24	—	—
Q1 25	579.6x	—
Q2 25	475.5x	—
Q3 25	423.0x	—
Q4 25	485.8x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 23	-$264.4K	-$264.4K
Q1 24	-$9M	-$9M
Q2 24	-$12M	-$12M
Q1 25	-$17M	-$19M
Q2 25	-$20M	-$23M
Q3 25	-$68M	-$80M
Q4 25	-$24M	-$34M

Capital Expenditures

Quarter	CapEx
Q4 23	$0
Q1 24	$107.0K
Q2 24	$524.0K
Q1 25	$2M
Q2 25	$3M
Q3 25	$12M
Q4 25	$10M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 25	—	+5892.5%
Q3 25	+82.5%	+76.0%
Q4 25	+160.0%	+128.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 23	$0	—
Q1 24	$1M	265.9%
Q2 24	$1M	283.7%
Q1 25	$2M	127.7%
Q2 25	$3M	599.0%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q4 23	—	—	—	$431.4K
Q1 24	$9M	$5M	$3M	—
Q2 24	$10M	$5M	$3M	—
Q1 25	$10M	$5M	$5M	—
Q2 25	$12M	$7M	$1M	—
Q3 25	$13M	—	—	$16M
Q4 25	$14M	—	—	$25M

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q4 23	—	—	—
Q1 24	—	-3658.8%	—
Q2 24	—	-3837.8%	—
Q1 25	—	-8592.0%	—
Q2 25	—	-4897.0%	—
Q3 25	82.5%	-34817.4%	-34734.9
Q4 25	160.0%	29414.7%	29574.7

Rule of 40

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 23	$28M	$0	$28M
Q1 24	$2M	$0	$2M
Q2 24	$1M	$0	$1M
Q3 24	$17M	$0	$17M
Q4 24	$17M	$0	$17M
Q1 25	$18M	$0	$18M
Q2 25	$20M	$0	$20M
Q3 25	$146M	$0	$146M
Q4 25	$51M	$70M	$121M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 23	63M	—	—
Q1 24	181M	+189.9%	—
Q2 24	181M	0.0%	—
Q1 25	181M	0.0%	—
Q2 25	181M	0.0%	+189.9%
Q3 25	69M	-61.7%	-61.7%
Q4 25	176M	+153.4%	-3.0%

Shares Outstanding