Kodiak AI, Inc.
For the period ended Sep 30, 2026. Filed Nov 6, 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.
Sep 30, 2026 · Filed Nov 6, 2026
KDK$1.45+13.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
(In thousands, except par values; unaudited)
| September 30,2026 | December 31,2025 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $30,883 | $50,761 |
| Marketable securities | 82,761 | 69,908 |
| Accounts receivable | 277 | 879 |
| Prepaid expenses and other current assets | 5,788 | 4,464 |
| Total current assets | 119,709 | 126,012 |
| Restricted cash | 950 | 1,450 |
| Property and equipment, net | 32,777 | 26,553 |
| Operating lease right-of-use assets | 4,890 | 5,261 |
| Other assets | 178 | 131 |
| Total assets | $158,504 | $159,407 |
| Liabilities, redeemable convertible preferred stock and stockholders’ deficit | ||
| Current liabilities: | ||
| Accounts payable | $272 | $1,455 |
| Accrued expenses and other current liabilities | 18,099 | 11,354 |
| Operating lease liabilities, current | 2,018 | 1,916 |
| Debt, current portion | 666 | 1,065 |
| Second lien loans | 12,632 | 10,872 |
| Total current liabilities | 33,687 | 26,662 |
| Debt, net of current portion | 29,410 | 29,878 |
| Operating lease liabilities, noncurrent | 3,099 | 3,584 |
| Common stock warrants | 19,521 | 158,346 |
| Other liabilities | 973 | 804 |
| Total liabilities | 86,690 | 219,274 |
| Commitments and contingencies (Note 9) | ||
| Redeemable convertible preferred stock | ||
| Series A cumulative redeemable convertible preferred stock, $0.0001 par value; 20,000 shares authorized; 142 shares issued and outstanding | 223,185 | 223,185 |
| Stockholders’ deficit | ||
| Common stock, $0.0001 par value; 1,980,000 shares authorized; 196,3641 and 175,4401 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively | 20 | 17 |
| Additional paid-in capital | 636,005 | 570,578 |
| Accumulated other comprehensive (loss) income | (108) | 22 |
| Accumulated deficit | (787,288) | (853,669) |
| Total stockholders’ deficit | (151,371) | (283,052) |
| Total liabilities, redeemable convertible preferred stock and stockholders’ deficit | $158,504 | $159,407 |
| ________________________ | ||
| 1 Excludes 6,250,000 shares legally issued and outstanding related to sponsor earn out securities (see Note 3). | ||
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