Kodiak AI, Inc. (KDK) AI Stock Analysis

Kodiak AI, Inc. develops autonomous vehicle technology and related services for long-haul trucking, industrial trucking, and defense industries. Its flagship offering is Kodiak Driver, a virtual driver combining AI-powered software with modular, vehicle-agnostic hardware. The company also provides oversight and integration tools through Kodiak OnTime, delivers freight using autonomous trucks, and provides driver-as-a-service to customers. Additionally, Kodiak AI has a strategic collaboration with General Dynamics Land Systems to create autonomous ground vehicles for defense applications. Founded in 2018 and headquartered in Mountain View, California, the company had 341 employees as of October 16, 2026.

Kodiak AI experienced significant revenue contraction over recent fiscal years, falling from $16.9M in FY2023 to $14.9M in FY2024 and $3.8M in FY2025, reflecting a 2-year revenue CAGR of -52.7%. Operating margin worsened from -317.8% in FY2023 to -2966.2% in FY2025, while net income fell to -$585.5M alongside EPS of -$5.32. Research and development expenses increased each year, reaching $50.2M in FY2025. Over the trailing twelve months ended June 30, 2026, revenue stood at $7.2M with an operating margin of -1248.3%. In the latest quarter ended June 30, 2026, quarterly revenue grew 595.6% year-over-year.

As of June 30, 2026, Kodiak AI held $151.1M in cash and short-term investments against total debt of $47.8M, yielding net cash of $103.3M. Total assets were $194.4M and shareholders' equity was $34.3M, resulting in a debt-to-equity ratio of 1.40 and a current ratio of 5.54. Cash flows remain negative, with operating cash flow of -$94.4M and free cash flow of -$116.5M in FY2025. Capital expenditures totaled $22.0M in FY2025.

Kodiak AI carries a market capitalization of $270.8M and an enterprise value of $496.6M. The stock trades at a price-to-sales multiple of 37.9x and an EV-to-revenue multiple of 69.4x, well above the 2.8x price-to-sales ratio for the median of its US-listed Technology peers. The shares have underperformed broader markets, falling 83.4% over the past year compared to a 16.8% gain for the S&P 500 (SPY). Over year-to-date 2026, the stock has declined 87.6%.

Wall Street coverage on KDK consists of 7 Strong Buy ratings, 1 Buy, and 1 Hold. The mean price target is $10.50, which sits 677.8% above the October 16, 2026 closing price of $1.35. For the fiscal year ending December 31, 2026, analysts project revenue of $10.7M and an EPS of -$0.56. For the next fiscal year, 4 analysts estimate revenue of $33.0M and EPS of -$0.78. Kodiak AI recorded 0 EPS beats over the last 4 quarters, with its next earnings date scheduled for November 5, 2026.

This page is an AI-written research summary of Kodiak AI, Inc. (KDK). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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