Kodiak AI, Inc. Financials
This page shows Kodiak AI, Inc. (KDK) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Kodiak AI, Inc. passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
For every $1 of reported earnings, Kodiak AI, Inc. generates $-0.04 in operating cash flow (-$930K OCF vs $26.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Kodiak AI, Inc. reported $26.0M in net income in fiscal year 2024. This represents an increase of 53.6% from the prior year.
Kodiak AI, Inc. held $16.7M in cash against $5.0M in long-term debt as of fiscal year 2024.
Kodiak AI, Inc. had 58M shares outstanding in fiscal year 2024.
KDK Income Statement
| Metric | Q3'25 | Q3'25 | Q3'25 | Q3'24 | Q3'24 | Q3'24 | Q3'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $770K | N/A | N/A | N/A | $400K | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | $13.5M | N/A | N/A | N/A | $10.4M | N/A | N/A | N/A |
| SG&A Expenses | $9.2M+66.7% | $5.5M+103.5% | $2.7M | N/A | $5.1M+1278.9% | $373K-18.0% | $456K | N/A |
| Operating Income | -$30.0M-444.3% | -$5.5M-103.5% | -$2.7M | N/A | -$18.2M-4776.0% | -$373K+18.0% | -$456K | N/A |
| Interest Expense | $941K | N/A | N/A | N/A | $1.2M | N/A | N/A | N/A |
| Income Tax | $0 | N/A | N/A | N/A | $0 | N/A | N/A | N/A |
| Net Income | -$269.9M-137.4% | -$113.7M+11.3% | -$128.2M | N/A | -$19.1M-6.6% | -$18.0M+0.2% | -$18.0M | N/A |
| EPS (Diluted) | $-3.89 | N/A | N/A | N/A | $-0.33 | N/A | N/A | N/A |
KDK Balance Sheet
| Metric | Q3'25 | Q3'25 | Q3'25 | Q3'24 | Q3'24 | Q3'24 | Q3'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $177.8M-68.3% | $561.0M+0.7% | $557.2M+1467.0% | $35.6M-93.5% | $545.7M+1.3% | $538.6M+1.2% | $532.0M+1.2% | $525.5M |
| Current Assets | $151.8M+5268.2% | $2.8M+278.3% | $748K-96.3% | $20.2M+1308.6% | $1.4M-18.7% | $1.8M-16.3% | $2.1M-12.5% | $2.4M |
| Cash & Equivalents | $146.2M+105924.1% | $138K-79.0% | $657K-96.1% | $16.7M-49.7% | $33.2M+2276.3% | $1.4M-15.0% | $1.6M-13.7% | $1.9M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $706K | N/A | N/A | $1.3M | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $397.3M-62.1% | $1.0B+12.2% | $933.9M+226.1% | $286.4M-63.5% | $783.9M+3.2% | $759.4M+3.2% | $736.0M+3.3% | $712.6M |
| Current Liabilities | $34.7M+185.0% | $12.2M+293.2% | $3.1M-90.1% | $31.2M+5343.4% | $574K+24.3% | $461K+6.9% | $432K+54.6% | $279K |
| Long-Term Debt | $11.1M+121.7% | $5.0M0.0% | $5.0M0.0% | $5.0M0.0% | $5.0M0.0% | $5.0M0.0% | $5.0M0.0% | $5.0M |
| Total Equity | -$219.5M+54.9% | -$486.9M-29.3% | -$376.6M-50.2% | -$250.8M-5.3% | -$238.2M-7.9% | -$220.8M-8.2% | -$204.0M-9.0% | -$187.1M |
| Retained Earnings | -$780.0M-3140.0% | -$24.1M+2.7% | -$24.7M+90.8% | -$268.1M-1145.0% | -$21.5M-2.1% | -$21.1M-1.8% | -$20.7M-2.2% | -$20.3M |
KDK Cash Flow Statement
| Metric | Q3'25 | Q3'25 | Q3'25 | Q3'24 | Q3'24 | Q3'24 | Q3'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$68.1M-3789.3% | -$1.8M-451.0% | -$318K-100.9% | $35.3M+198.8% | -$35.7M-14385.5% | -$247K+5.8% | -$262K+1.0% | -$264K |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$17.5M | N/A | N/A | $773K+200.0% | -$773K | N/A | N/A | $0 |
| Financing Cash Flow | $216.0M | N/A | N/A | -$42.4M-200.0% | $42.4M | N/A | N/A | -$85K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
KDK Financial Ratios
| Metric | Q3'25 | Q3'25 | Q3'25 | Q3'24 | Q3'24 | Q3'24 | Q3'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -3892.1% | N/A | N/A | N/A | -4552.0% | N/A | N/A | N/A |
| Net Margin | -35056.5% | N/A | N/A | N/A | -4786.0% | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -151.8%-131.5pp | -20.3%+2.7pp | -23.0% | N/A | -3.5%-0.2pp | -3.3%+0.0pp | -3.4% | N/A |
| Current Ratio | 4.38+4.1 | 0.230.0 | 0.24-0.4 | 0.65-1.9 | 2.51-1.3 | 3.83-1.1 | 4.89-3.8 | 8.65 |
| Debt-to-Equity | -0.05-0.0 | -0.010.0 | -0.010.0 | -0.020.0 | -0.020.0 | -0.020.0 | -0.020.0 | -0.03 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$250.8M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.65), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Frequently Asked Questions
Is Kodiak AI, Inc. profitable?
Yes, Kodiak AI, Inc. (KDK) reported a net income of $26.0M in fiscal year 2024.
How much debt does Kodiak AI, Inc. have?
As of fiscal year 2024, Kodiak AI, Inc. (KDK) had $16.7M in cash and equivalents against $5.0M in long-term debt.
What is Kodiak AI, Inc.'s operating cash flow?
Kodiak AI, Inc. (KDK) generated -$930K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Kodiak AI, Inc.'s total assets?
Kodiak AI, Inc. (KDK) had $35.6M in total assets as of fiscal year 2024, including both current and long-term assets.
How many shares does Kodiak AI, Inc. have outstanding?
Kodiak AI, Inc. (KDK) had 58M shares outstanding as of fiscal year 2024.
What is Kodiak AI, Inc.'s current ratio?
Kodiak AI, Inc. (KDK) had a current ratio of 0.65 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Kodiak AI, Inc.'s debt-to-equity ratio?
Kodiak AI, Inc. (KDK) had a debt-to-equity ratio of -0.02 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Kodiak AI, Inc.'s return on assets (ROA)?
Kodiak AI, Inc. (KDK) had a return on assets of 73.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Kodiak AI, Inc.'s cash runway?
Based on fiscal year 2024 data, Kodiak AI, Inc. (KDK) had $16.7M in cash against an annual operating cash burn of $930K. This gives an estimated cash runway of approximately 216 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Kodiak AI, Inc.'s debt-to-equity ratio negative or unusual?
Kodiak AI, Inc. (KDK) has negative shareholder equity of -$250.8M as of fiscal year 2024, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Kodiak AI, Inc.'s Piotroski F-Score?
Kodiak AI, Inc. (KDK) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Kodiak AI, Inc.'s earnings high quality?
Kodiak AI, Inc. (KDK) has an earnings quality ratio of -0.04x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.