K
Kodiak AI, Inc.
KDKCIK 0001853138NasdaqEmerging GrowthServices-Computer Integrated Systems DesignDelawareFY ends Dec 31
Period
FY 2025
Revenue
$3.80M
Net Income
$-585.52M
Total Assets
$159.41M
Equity
$-283.05M
Shares Out
183.85M
Op. Cash Flow
$-94.44M
Business
Kodiak AI, Inc. is a provider of physical AI-powered autonomous vehicle technology focused on driverless trucking. The company develops the Kodiak Driver, a unified virtual driver combining advanced AI software with modular hardware designed for long-haul trucking, industrial trucking, and defense applications. Kodiak operates a Driver-as-a-Service (DaaS) business model, licensing its solution to customers on a per-vehicle or per-mile basis, and serves major fleet operators including Atlas Energy Solutions, J.B. Hunt, Werner Enterprises, C.R. England, and Martin Brower, as well as the U.S. military.
Summary from 10-K filed 2026-03-11
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Revenues | 4 | 15 | 17 | — | |
| Research and development | 50 | 43 | 39 | — | |
| General and administrative | 37 | 21 | 20 | 3,542 | |
| Truck and freight operations | 25 | 9 | 8 | — | |
| Sales and marketing | 5 | 3 | 3 | — | |
| Total operating expenses | 116 | 77 | 71 | — | |
| Loss from operations | −113 | −62 | −54 | −3,542 | |
| Interest expense | −4 | −5 | −5 | — | |
| Interest income and other, net | −1 | 895,000 | 2 | 0 | |
| Loss on issuance of equity instruments | −211 | 0 | 0 | — | |
| Change in fair value of second lien loans | −24 | 0 | 0 | — | |
| Change in fair value of simple agreements for future equity | −190 | −4 | 0 | — | |
| Total other expenses, net | −473 | −8 | −3 | — | |
| Net loss before income taxes | −586 | −69 | −57 | — | |
| Income taxes | −3,000 | −1,000 | −9,000 | — | |
| Net loss | −586 | −69 | −57 | −3,542 | |
| Unrealized gains (losses) on marketable securities, net of tax | 22,000 | 0 | −10,000 | — | |
| Comprehensive loss | −586 | −69 | −57 | — | |
| Net loss per common share, basic (in dollars per share) | −6.42 | −1.19 | −0.98 | — | |
| Net loss per common share, diluted (in dollars per share) | −6.42 | −1.19 | −0.98 | — | |
| Weighted-average common shares outstanding, basic (in shares) | 91 | 58 | 58 | — | |
| Weighted-average common shares outstanding, diluted (in shares) | 91 | 58 | 58 | — |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 51 | 17 | 28 | 0 | — | |
| Marketable securities | 70 | 0 | — | — | — | |
| Accounts receivable | 900,000 | 1 | — | — | — | |
| Prepaid expenses and other current assets | 4 | 2 | — | — | — | |
| Total current assets | 126 | 20 | 2 | 1,200 | — | |
| Restricted cash | 1 | 1 | — | — | — | |
| Property and equipment, net | 27 | 7 | — | — | — | |
| Operating lease right-of-use assets | 5 | 7 | — | — | — | |
| Other assets | 131,000 | 24,000 | — | — | — | |
| Total assets | 159 | 36 | 525 | 512,595 | — | |
| Accounts payable | 1 | 1 | — | — | — | |
| Accrued expenses and other current liabilities | 11 | 11 | 271,633 | 270,391 | — | |
| Operating lease liabilities, current | 2 | 2 | — | — | — | |
| Debt, current portion | 1 | 17 | — | — | — | |
| Second lien loans | 11 | 0 | — | — | — | |
| Total current liabilities | 27 | 31 | 279,133 | 503,634 | — | |
| Debt, net of current portion | 30 | 18 | 5 | 0 | — | |
| Simple agreements for future equity | 0 | 59 | — | — | — | |
| Operating lease liabilities, noncurrent | 4 | 6 | — | — | — | |
| Warrant liabilities, noncurrent | 158 | 2 | — | — | — | |
| Other liabilities | 804,000 | 313,000 | — | — | — | |
| Total liabilities | 219 | 116 | 23 | 503,634 | — | |
| Commitments and contingencies (Note 10) | — | — | — | — | — | |
| Redeemable convertible preferred stock | 223 | 171 | 171 | 171 | — | |
| Common stock, $0.0001 par value; 1,980,000 and 265,000 shares authorized as of December 31, 2025 and December 31, 2024, respectively; 175,4401 and 58,057 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | 17,000 | 6,000 | — | — | — | |
| Additional paid-in capital | 571 | 17 | 0 | 23,750 | — | |
| Accumulated other comprehensive income | 22,000 | 0 | — | — | — | |
| Accumulated deficit | −854 | −268 | −20 | −16,039 | — | |
| Total stockholders deficit | −283 | −251 | −187 | −135 | 12,503 | |
| Total liabilities, redeemable convertible preferred stock and stockholders deficit | 159 | 36 | 525 | 512,595 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Depreciation and amortization | 3 | 5 | 4 | — | |
| Stock-based compensation | 19 | 6 | 5 | — | |
| Non-cash lease expense | 2 | 2 | 2 | — | |
| Accretion of discount on marketable securities | −480,000 | 0 | −909,000 | — | |
| Transaction costs allocated to common stock warrants | 3 | 0 | 0 | — | |
| Non-cash interest expense | 795,000 | 402,000 | 788,000 | — | |
| Loss on disposal of property and equipment | 265,000 | 0 | 0 | — | |
| Accounts receivable | 401,000 | −1 | 9,000 | — | |
| Prepaid expenses and other current assets | −2 | 645,000 | −484,000 | — | |
| Other assets | −105,000 | 276,000 | −276,000 | — | |
| Accounts payable | −717,000 | −811,000 | 558,000 | — | |
| Accrued expenses and other current liabilities | −407,000 | 5 | 4 | 0 | |
| Operating lease liabilities | −2 | −2 | −2 | — | |
| Other liabilities | 492,000 | 43,000 | 255,000 | — | |
| Net cash used in operating activities | −94 | −51 | −44 | 0 | |
| Proceeds from maturities of marketable securities | 0 | 0 | 51 | — | |
| Purchases of marketable securities | −69 | 0 | −30 | — | |
| Purchases of property and equipment | −22 | −3 | −3 | — | |
| Payment of deposits | 0 | −20,000 | 0 | — | |
| Net cash (used in) provided by investing activities | −91 | −3 | 17 | 0 | |
| Proceeds from the issuance of debt, net of issuance costs | 30 | 0 | 4 | — | |
| Repayment of debt | −33 | −2 | −2 | — | |
| Proceeds from issuance of second lien loans | 44 | 0 | 0 | — | |
| Proceeds from issuance of simple agreements for future equity | 24 | 45 | 10 | — | |
| Proceeds from issuance of Series A cumulative redeemable convertible preferred stock | 145 | 0 | 0 | — | |
| Proceeds from the reverse recapitalization, net of transaction costs | 26 | 0 | 0 | — | |
| Proceeds from exercise of stock options | 1 | 172,000 | 292,000 | — | |
| Proceeds from exercise of common stock warrants | 77,000 | 0 | 0 | — | |
| Payments for deferred offering costs | −17 | 0 | 0 | — | |
| Net cash provided by financing activities | 220 | 43 | 12 | 0 | |
| Net change in cash and cash equivalents and restricted cash | 34 | −11 | −15 | — | |
| Cash paid for interest | 3 | 5 | 5 | — | |
| Cash paid for income taxes | 0 | 3,000 | 5,000 | — | |
| Purchases of property and equipment included in accounts payable and accrued expenses and other current liabilities | 1 | 118,000 | 0 | — | |
| Operating lease right-of-use asset obtained in exchange for operating lease liability upon modification of operating lease | 0 | 2 | 2 | — | |
| Operating lease right-of-use asset obtained in exchange for operating lease liability upon new operating lease | 0 | 1 | 0 | — | |
| Proceeds from exercise of stock options included in prepaid and other current assets | 12,000 | 0 | 14,000 | — | |
| Proceeds from exercise of common stock warrants included in prepaid and other current assets | 9,000 | 0 | 0 | — | |
| Conversion of second lien loans into common stock in connection with reverse recapitalization | 67 | 0 | 0 | — | |
| Settlement of transaction costs in common stock in connection with reverse recapitalization | 13 | 0 | 0 | — | |
| Exchange of simple agreements for future equity for second lien loan | 10 | 0 | 0 | — | |
| Net exercise of warrants in connection with reverse recapitalization | 9 | 0 | 0 | — | |
| Issuance of non-redemption common stock in connection with reverse recapitalization | 3 | 0 | 0 | — | |
| Liabilities assumed from reverse recapitalization | 31,000 | 0 | 0 | — | |
| Issuance of common stock in connection with a debt agreement | 499,000 | 0 | 0 | — |
Filings
Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro
Material Events
Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro
Insiders
Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro
Institutional Holders
Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro
Frequently asked questions
What is Kodiak AI, Inc.'s CIK number?
Kodiak AI, Inc.'s SEC CIK number is 0001853138 (1853138). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Kodiak AI, Inc.'s SEC filings?
All of Kodiak AI, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Kodiak AI, Inc. last report earnings?
Kodiak AI, Inc. (KDK) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-032092). This is Kodiak AI, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Kodiak AI, Inc.'s most recent earnings 8-K?
Kodiak AI, Inc.'s latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0001628280-26-032092. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Kodiak AI, Inc.'s latest earnings 8-K →
Look up any company's CIK number →