Kodiak AI, Inc.
For the period ended Dec 31, 2025. Filed Mar 11, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 11, 2026
KDK$1.21-16.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations and Comprehensive Loss
(In thousands, except per share amounts)
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Revenues | $3,797 | $14,933 | $16,946 |
| Operating expenses: | |||
| Research and development | 50,157 | 43,436 | 39,469 |
| General and administrative | 36,741 | 20,999 | 20,305 |
| Truck and freight operations | 24,771 | 9,013 | 7,662 |
| Sales and marketing | 4,753 | 3,204 | 3,359 |
| Total operating expenses | 116,422 | 76,652 | 70,795 |
| Loss from operations | (112,625) | (61,719) | (53,849) |
| Other (expenses) income: | |||
| Interest expense | (4,096) | (4,951) | (5,407) |
| Interest income and other, net | (1,327) | 895 | 2,194 |
| Loss on issuance of equity instruments | (210,722) | — | — |
| Change in fair value of common stock warrants | (35,018) | — | — |
| Change in fair value of second lien loans | (24,387) | — | — |
| Change in fair value of simple agreements for future equity | (190,075) | (4,109) | — |
| Change in fair value of redeemable convertible preferred stock warrant liabilities | (7,272) | 426 | 126 |
| Total other expenses, net | (472,897) | (7,739) | (3,087) |
| Net loss before income taxes | (585,522) | (69,458) | (56,936) |
| Income taxes | (3) | (1) | (9) |
| Net loss | $(585,525) | $(69,459) | $(56,945) |
| Unrealized gains (losses) on marketable securities, net of tax | 22 | — | (10) |
| Comprehensive loss | $(585,503) | $(69,459) | $(56,955) |
| Net loss per common share, basic and diluted | $(6.42) | $(1.19) | $(0.98) |
| Weighted-average common shares outstanding, basic and diluted | 91,225 | 58,410 | 57,932 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.