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$1.21-16.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income
(In thousands, except per share amounts; unaudited)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Revenues | $2,969 | $770 | $8,298 | $2,744 |
| Operating expenses: | ||||
| Research and development | 25,422 | 13,452 | 65,674 | 35,804 |
| General and administrative | 14,532 | 9,177 | 39,391 | 21,463 |
| Truck and freight operations | 11,507 | 6,627 | 30,461 | 16,102 |
| Sales and marketing | 1,886 | 1,483 | 4,679 | 3,290 |
| Total operating expenses | 53,347 | 30,739 | 140,205 | 76,659 |
| Loss from operations | (50,378) | (29,969) | (131,907) | (73,915) |
| Other (expenses) income: | ||||
| Interest expense | (922) | (941) | (2,727) | (3,365) |
| Interest income and other, net | 1,107 | (3,018) | 1,633 | (2,555) |
| Loss on issuance of equity instruments | — | (210,722) | — | (210,722) |
| Change in fair value of common stock warrants | 78,213 | — | 201,151 | — |
| Change in fair value of second lien loans | (607) | (21,784) | (1,760) | (23,938) |
| Change in fair value of simple agreements for future equity | — | 2,473 | — | (190,075) |
| Change in fair value of redeemable convertible preferred stock warrant liabilities | — | (5,974) | — | (7,272) |
| Total other (expenses) income, net | 77,791 | (239,966) | 198,297 | (437,927) |
| Net (loss) income before income taxes | 27,413 | (269,935) | 66,390 | (511,842) |
| Income tax benefit (expense) | 1 | — | (9) | (4) |
| Net (loss) income | $27,414 | $(269,935) | $66,381 | $(511,846) |
| Unrealized (losses) gains on marketable securities, net of tax | 10 | — | (130) | — |
| Comprehensive (loss) income | $27,424 | $(269,935) | $66,251 | $(511,846) |
| Net (loss) income | $27,414 | $(269,935) | $66,381 | $(511,846) |
| Adjustments to net (loss) income attributable to common stockholders (see Note 16) | (6,885) | — | (59,014) | — |
| Net (loss) income attributable to common stockholders | $20,529 | $(269,935) | $7,367 | $(511,846) |
| Net (loss) income per common share, basic (see Note 16) | $0.11 | $(3.89) | $0.04 | $(8.13) |
| Net (loss) income per common share, diluted (see Note 16) | $0.09 | $(3.89) | $(1.03) | $(8.13) |
| Weighted-average common shares outstanding, basic | 194,506 | 69,405 | 186,098 | 62,978 |
| Weighted-average common shares outstanding, diluted | 227,558 | 69,405 | 188,085 | 62,978 |
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