Kodiak AI, Inc.
For the period ended Jun 30, 2026. Filed Aug 7, 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.
Jun 30, 2026 · Filed Aug 7, 2026
KDK$1.21-16.6%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations and Comprehensive Loss Income
(In thousands, except per share amounts; unaudited)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Revenues | $3,499 | $503 | $5,329 | $1,974 |
| Operating expenses: | ||||
| Research and development | 22,702 | 12,218 | 40,252 | 22,352 |
| General and administrative | 12,439 | 7,161 | 24,859 | 12,286 |
| Truck and freight operations | 10,649 | 5,470 | 18,954 | 9,475 |
| Sales and marketing | 1,386 | 1,001 | 2,792 | 1,807 |
| Total operating expenses | 47,176 | 25,850 | 86,857 | 45,920 |
| Loss from operations | (43,677) | (25,347) | (81,528) | (43,946) |
| Other income (expenses): | ||||
| Interest expense | (909) | (1,160) | (1,805) | (2,424) |
| Interest income and other, net | (524) | 294 | 525 | 463 |
| Change in fair value of common stock warrants | 58,280 | — | 122,938 | — |
| Change in fair value of second lien loans | (679) | (2,154) | (1,153) | (2,154) |
| Change in fair value of simple agreements for future equity | — | (84,173) | — | (192,548) |
| Change in fair value of redeemable convertible preferred stock warrant liabilities | — | (1,183) | — | (1,298) |
| Total other income (expenses), net | 56,168 | (88,376) | 120,505 | (197,961) |
| Net (loss) income before income taxes | 12,491 | (113,723) | 38,977 | (241,907) |
| Income tax expense | (14) | (3) | (10) | (4) |
| Net (loss) income | $12,477 | $(113,726) | $38,967 | $(241,911) |
| Unrealized losses on marketable securities, net of tax | (116) | — | (140) | — |
| Comprehensive (loss) income | $12,361 | $(113,726) | $38,827 | $(241,911) |
| Net (loss) income | $12,477 | $(113,726) | $38,967 | $(241,911) |
| Adjustments to net (loss) income attributable to common stockholders (see Note 16) | (50,152) | — | (54,433) | — |
| Net loss attributable to common stockholders | $(37,675) | $(113,726) | $(15,466) | $(241,911) |
| Net loss per common share, basic (see Note 16) | $(0.20) | $(1.89) | $(0.09) | $(4.05) |
| Net loss per common share, diluted (see Note 16) | $(0.50) | $(1.89) | $(0.73) | $(4.05) |
| Weighted-average common shares outstanding, basic | 187,241 | 60,197 | 181,825 | 59,720 |
| Weighted-average common shares outstanding, diluted | 193,203 | 60,197 | 188,886 | 59,720 |
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