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Kodiak AI (Nasdaq: KDK) reported third quarter 2025 results on Nov 12, 2025, marking its first quarter as a public company after completing a business combination and beginning Nasdaq trading in September 2025.
Key operational metrics: 10 fully driverless trucks deployed (100% QoQ increase), over 5,200 cumulative paid driverless hours (+166% QoQ), > 3 million autonomous miles driven, and > 10,000 customer loads delivered. Kodiak ended Q3 with $146.2 million in cash and cash equivalents. Additional highlights include top safety score from Nauto, regulatory waiver for warning beacons, new generative AI features, manufacturing and supplier partnerships, and commencement of double-trailer hauling in industrial operations.
Kodiak AI (Nasdaq: KDK) expanded its partnership with ZF on Nov 4, 2025, to purchase 100 redundant steering systems for Kodiak Driver-equipped driverless trucks.
The order covers ZF technologies including the redundant ReAX adaptive electronic steering assist and next-generation Electric Power Steering, which Kodiak began integrating earlier in 2025. Kodiak’s sixth-generation truck (unveiled Jan 2024) already used ZF redundant steering actuators to switch to a secondary actuator on primary failure. ZF built dedicated production capacity and Kodiak’s manufacturing partner Roush upfits trucks with ReAX at its Livonia, Michigan plant.
Kodiak (Nasdaq: KDK) will release third quarter 2025 results after market close on Wednesday, November 12, 2025. Management will host a conference call the same day at 5:00 PM ET / 2:00 PM PT. Investors can join via a registration link or listen to a live audio webcast on the company's Investor Relations page at https://kodiak.ai/investors. An audio replay will be posted on the same site.
Kodiak (Nasdaq: KDK) achieved a VERA Score® of 98, tying for the top safety score among more than 1,000 commercial fleets evaluated by Nauto on October 16, 2025. The Kodiak Driver recorded sub-scores of Inattentive Driving 100, High-Risk Driving 100, Traffic Violations 100, and Aggressive Driving 95. By comparison, Nauto reports average VERA Scores of 78 for Nauto-equipped fleets and 63 for fleets without Nauto technology. Nauto cites a 21% average collision-rate reduction per 10-point VERA improvement.
Kodiak AI (NASDAQ:KDK) has completed its business combination with Ares Acquisition Corporation II, marking one of 2025's largest de-SPAC transactions with a ~$2.5 billion valuation. The company raised over $275 million before expenses, including $145 million in PIPE funding and $62.9 million in trust cash.
Kodiak's AI-powered autonomous driving system, the Kodiak Driver, has achieved significant milestones with 3 million autonomous miles and 3,000 paid driverless hours. The company has already secured major customers, including Atlas Energy Solutions, which placed an initial order of 100 trucks and currently operates eight driverless trucks 24/7. Trading under symbols "KDK" and "KDKRW" will commence on September 25, 2025.
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