Kodiak AI (KDK) financial statements
Kodiak AI reported revenue of $4M in fiscal 2025, down 52.7% a year over 2 years.
Net income was -$586M.
Free cash flow was -$116M.
The diluted share count rose 57% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Kodiak AI's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | — | $17M | $15M | $4M |
| Research and development | — | $39M | $43M | $50M |
| Selling, general and admin | $3,542 | $24M | $24M | $41M |
| Operating income | -$3,542 | -$54M | -$62M | -$113M |
| Interest expense | — | $5M | $5M | $4M |
| Pre-tax income | — | -$57M | -$69M | -$586M |
| Income tax | — | $9,000 | $1,000 | $3,000 |
| Net income | -$3,542 | -$57M | -$69M | -$586M |
| EPS (diluted) | — | -$0.98 | -$1.19 | -$6.42 |
| Diluted shares | — | 58M | 58M | 91M |
| Operating margin | — | -317.8% | -413.3% | -2966.2% |
| Net margin | — | -336.0% | -465.1% | -15420.7% |
Balance sheet
Fiscal years, from Kodiak AI's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Cash and short-term investments | $0 | $2M | $975,319 | $121M |
| Receivables | — | — | $1M | $879,000 |
| Total current assets | $1,200 | $2M | $20M | $126M |
| Property, plant and equipment | — | — | $7M | $27M |
| Total assets | $512,595 | $525M | $36M | $159M |
| Total current liabilities | $503,634 | $279,133 | $31M | $27M |
| Long-term debt | $0 | $5M | $18M | $30M |
| Total liabilities | $503,634 | $23M | $116M | $219M |
| Shareholders' equity | -$135M | -$187M | -$251M | -$283M |
| Net debt | $0 | $3M | $33M | -$9M |
Cash flow
Fiscal years, from Kodiak AI's 10-K filings with the SEC.
| Fiscal year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Operating cash flow | $0 | -$44M | -$51M | -$94M |
| Capital spending | — | $3M | $3M | $22M |
| Free cash flow | — | -$47M | -$54M | -$116M |
| Stock-based compensation | — | $5M | $6M | $19M |
| Net borrowing | $0 | $3M | -$2M | -$33M |
| Free cash flow margin | — | -278.0% | -362.6% | -3067.4% |
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Open KDK in InvestinglyQuestions
What was Kodiak AI's revenue in 2025?
$4M in fiscal 2025, from its 10-K filing.
How much free cash flow does Kodiak AI generate?
-$116M in fiscal 2025 (operating cash flow minus capital spending).
From Kodiak AI's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.