Kodiak AI, Inc. most recently reported annual revenue of $4.0M, a net loss of $586.0M. Revenue declined at an average annual rate of 51.5% over the last 2 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.
Kodiak AI, Inc.: Revenue fell from $17.0M in 2023 to $4.0M in 2025, a change of -76.5% over 2 years; net profit was positive in 0 of 3 reported years; operating margin moved from -317.8% to -2966.2%, a shift of -2648.4 percentage points; the most recent year shows a net loss of $586.0M.
Income Statement — 3 Years (USD millions)
Metric
2023
2024
2025
Revenue
$17.0M
$15.0M
$4.0M
Operating Expenses
$71.0M
$77.0M
$116.0M
Operating Profit
$-54.0M
$-62.0M
$-113.0M
Operating Margin
-317.8%
-413.3%
-2966.2%
Other Income
$-3.0M
$-8.0M
$-473.0M
Interest
$5.0M
$5.0M
$4.0M
Depreciation
$4.0M
$5.0M
$3.0M
Profit Before Tax
$-57.0M
$-69.0M
$-586.0M
Tax
$-20,000
$0
$0
Net Profit
$-57.0M
$-69.0M
$-586.0M
EPS
$-0.31
$-0.38
$-6.42
Dividend Payout
0.0%
0.0%
0.0%
Quarterly Results — Last 10 Quarters (USD millions)
Metric
Mar '24
Jun '24
Sep '24
Dec '24
Mar '25
Jun '25
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
$0
$0
$7.0M
$7.0M
$1.0M
$1.0M
$1.0M
$1.0M
$2.0M
$3.0M
Operating Expenses
$17.0M
$17.0M
$21.0M
$21.0M
$20.0M
$26.0M
$31.0M
$40.0M
$40.0M
$47.0M
Operating Profit
$-17.0M
$-17.0M
$-14.0M
$-14.0M
$-19.0M
$-25.0M
$-30.0M
$-39.0M
$-38.0M
$-44.0M
Operating Margin
-4038.6%
-4199.5%
-196.1%
-196.1%
-1264.4%
-5039.2%
-3892.1%
-3676.2%
-2068.4%
-1248.3%
Interest
$1.0M
$1.0M
$1.0M
$0
$1.0M
$1.0M
$1.0M
$1.0M
$1.0M
$1.0M
Profit Before Tax
$-18.0M
$-18.0M
$-17.0M
$-17.0M
$-128.0M
$-114.0M
$-270.0M
$-74.0M
$26.0M
$12.0M
Tax
$-10,000
$-10,000
$10,000
$10,000
$0
$0
$0
$0
$-20,000
$110,000
Net Profit
$-18.0M
$-18.0M
$-17.0M
$-17.0M
$-128.0M
$-114.0M
$-270.0M
$-74.0M
$26.0M
$12.0M
EPS
$-0.10
$-0.10
$-0.19
$-0.19
$-0.71
$-0.71
$-3.89
$-0.42
$0.12
$-0.50
Over the 3 years reported for Kodiak AI, Inc., borrowings decreased from $42.0M in 2023 to $36.0M in 2025, cash stood at $51.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 4.67 times.
Balance Sheet — 3 Years (USD millions)
Metric
2023
2024
2025
Total Assets
$46.0M
$36.0M
$159.0M
Current Assets
$31.0M
$20.0M
$126.0M
Cash
$28.0M
$17.0M
$51.0M
Inventory
$0
$0
$0
Receivables
$2.0M
$4.0M
$1.0M
Fixed Assets
$14.0M
$14.0M
$32.0M
Capital Work in Progress
$0
$0
$0
Investments
$0
$0
$71.0M
Other Assets
$0
$0
$0
Total Liabilities
$233.0M
$286.0M
$219.0M
Current Liabilities
$15.0M
$31.0M
$27.0M
Borrowings
$42.0M
$42.0M
$36.0M
Other Liabilities
$191.0M
$245.0M
$183.0M
Equity
$0
$0
$0
Reserves
$-187.0M
$-251.0M
$-60.0M
For Kodiak AI, Inc., operating cash flow was positive in 0 of 3 reported years; free cash flow in the latest year was negative at $116.0M; free cash flow was positive in 0 of 3 years.
Cash Flow Statement — 3 Years (USD millions)
Metric
2023
2024
2025
Operating Cash Flow
$-44.0M
$-51.0M
$-94.0M
Investing Cash Flow
$14.0M
$-6.0M
$-113.0M
Financing Cash Flow
$10.0M
$45.0M
$33.0M
Net Cash Flow
$-15.0M
$-11.0M
$50.0M
Free Cash Flow
$-47.0M
$-54.0M
$-116.0M
Valuation & Return Ratios
Metric
Value
PEG Ratio
0.00
EV / EBITDA
-0.77
FCF Yield
-69.22%
Quick Ratio
5.54
Interest Coverage
-43.20
Return 1Y
—
Return 3Y
—
Return 5Y
—
Kodiak AI, Inc. (KDK) financials — frequently asked questions
What is Kodiak AI, Inc.'s annual revenue?
Kodiak AI, Inc. (KDK) reported annual revenue of $4.0M in its most recent fiscal year.
What is Kodiak AI, Inc.'s net profit?
Kodiak AI, Inc. (KDK) reported a net loss of $586.0M in its most recent fiscal year.
What is KDK EV/EBITDA?
Kodiak AI, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is -0.77. A negative value means EBITDA was negative over the period, so the ratio is not a meaningful valuation measure.