Kodiak AI, Inc.
For the period ended Mar 31, 2026. Filed May 8, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 8, 2026
KDK$1.21-16.6%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss
(In thousands, except per share amounts; unaudited)
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Revenues | $1,830 | $1,471 |
| Operating expenses: | ||
| Research and development | 17,550 | 10,134 |
| General and administrative | 12,420 | 5,125 |
| Truck and freight operations | 8,305 | 4,005 |
| Sales and marketing | 1,406 | 806 |
| Total operating expenses | 39,681 | 20,070 |
| Loss from operations | (37,851) | (18,599) |
| Other income (expenses): | ||
| Interest expense | (896) | (1,264) |
| Interest income and other, net | 1,049 | 169 |
| Change in fair value of common stock warrants | 64,658 | — |
| Change in fair value of second lien loans | (474) | — |
| Change in fair value of simple agreements for future equity | — | (108,375) |
| Change in fair value of redeemable convertible preferred stock warrant liabilities | — | (115) |
| Total other income (expenses), net | 64,337 | (109,585) |
| Net income (loss) before income taxes | 26,486 | (128,184) |
| Income tax benefit (expense) | 4 | (1) |
| Net income (loss) | $26,490 | $(128,185) |
| Unrealized losses on marketable securities, net of tax | (24) | — |
| Comprehensive income (loss) | $26,466 | $(128,185) |
| Net income (loss) per common share, basic | $0.12 | $(2.16) |
| Net income (loss) per common share, diluted | $0.10 | $(2.16) |
| Weighted-average common shares outstanding, basic | 176,349 | 59,256 |
| Weighted-average common shares outstanding, diluted | 216,167 | 59,256 |
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