KDK on Nasdaq
Kodiak AI, Inc.
Kodiak is a leading provider of physical AI, with a focus on AI-powered autonomous vehicle (“AV”) technology, that is designed to help tackle some of the toughest driving jobs.4 From its latest annual report
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Last updated Oct 19, 2026.
Overview
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- TickerKDK on Nasdaq2
- IndustryServices-Computer Integrated Systems Design2
- HeadquartersWilmington, United States2
- Incorporated inDE3
- Business address1049 Terra Bella Avenue, Mountain View, Ca 940433
- Filer categoryAccelerated filer, Emerging growth company3
- Legal formCorporation2
- LEI529900DVZ27BDFLMDZ222
- StatusActive2
- LEI statusIssued and current2
- Registered addressc/o THE CORPORATION TRUST COMPANY, CORPORATION TRUST CENTER 1209 ORANGE ST, 19801 Wilmington, United States2
- Registered withDivision of Corporations, Department of State, 102652732
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Kodiak is a leading provider of physical AI, with a focus on AI-powered autonomous vehicle (“AV”) technology, that is designed to help tackle some of the toughest driving jobs. Our driverless solution can help address the critical problem of safely transporting goods in the face of unprecedented supply chain challenges. We believe that driverless trucks can enhance road safety, improve truck utilization, reduce costs, expand margins for fleet owners, alleviate supply chain pressures and create better jobs for truck drivers.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Research and development100¢$50.2M
- Income tax0¢$3.0K
Out of $3.8M in revenue.5 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenues | $3.8M | $14.9M | $16.9M |
| Research and development | $50.2M | $43.4M | $39.5M |
| General and administrative | $36.7M | $21.0M | $20.3M |
| Truck and freight operations | $24.8M | $9.0M | $7.7M |
| Sales and marketing | $4.8M | $3.2M | $3.4M |
| Total operating expenses | $116.4M | $76.7M | $70.8M |
| Loss from operations | -$112.6M | -$61.7M | -$53.8M |
| Interest expense | -$4.1M | -$5.0M | -$5.4M |
| Interest income and other, net | -$1.3M | $895.0K | $2.2M |
| Loss on issuance of equity instruments | -$210.7M | $0 | $0 |
| Change in fair value of second lien loans | -$24.4M | $0 | $0 |
| Change in fair value of simple agreements for future equity | -$190.1M | -$4.1M | $0 |
| Total other expenses, net | -$472.9M | -$7.7M | -$3.1M |
| Net loss before income taxes | -$585.5M | -$69.5M | -$56.9M |
| Income taxes | -$3.0K | -$1.0K | -$9.0K |
| Net loss | -$585.5M | -$69.5M | -$56.9M |
| Unrealized gains (losses) on marketable securities, net of tax | $22.0K | $0 | -$10.0K |
| Comprehensive loss | -$585.5M | -$69.5M | -$57.0M |
| Net loss per common share, basic (in dollars per share) | -$6.42 | -$1.19 | -$0.98 |
| Net loss per common share, diluted (in dollars per share) | -$6.42 | -$1.19 | -$0.98 |
| Weighted-average common shares outstanding, basic (in shares) | 91.2M shares | 58.4M shares | 57.9M shares |
| Weighted-average common shares outstanding, diluted (in shares) | 91.2M shares | 58.4M shares | 57.9M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 5 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2025-09-30 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $50.8M | $16.7M | $27.8M | ||
| Marketable securities | $69.9M | $0 | |||
| Accounts receivable | $879.0K | $1.3M | |||
| Prepaid expenses and other current assets | $4.5M | $2.3M | |||
| Total current assets | $126.0M | $20.2M | |||
| Restricted cash | $1.4M | $1.4M | |||
| Property and equipment, net | $26.6M | $6.7M | |||
| Operating lease right-of-use assets | $5.3M | $7.1M | |||
| Other assets | $131.0K | $24.0K | |||
| Total assets | $159.4M | $35.6M | |||
| Accounts payable | $1.5M | $1.4M | |||
| Accrued expenses and other current liabilities | $11.4M | $11.4M | |||
| Operating lease liabilities, current | $1.9M | $1.6M | |||
| Debt, current portion | $1.1M | $16.8M | |||
| Second lien loans | $10.9M | $0 | |||
| Total current liabilities | $26.7M | $31.2M | |||
| Debt, net of current portion | $29.9M | $17.6M | |||
| Simple agreements for future equity | $0 | $59.3M | |||
| Operating lease liabilities, noncurrent | $3.6M | $5.7M | |||
| Warrant liabilities, noncurrent | $158.3M | $1.6M | |||
| Other liabilities | $804.0K | $313.0K | |||
| Total liabilities | $219.3M | $115.7M | |||
| Redeemable convertible preferred stock | $223.2M | $170.6M | $170.6M | $170.6M | |
| Common stock, $0.0001 par value; 1,980,000 and 265,000 shares authorized as of December 31, 2025 and December 31, 2024, respectively; 175,4401 and 58,057 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | $17.0K | $6.0K | |||
| Additional paid-in capital | $570.6M | $17.3M | |||
| Accumulated other comprehensive income | $22.0K | $0 | |||
| Accumulated deficit | -$853.7M | -$268.1M | |||
| Total stockholders deficit | -$283.1M | -$250.8M | -$187.1M | -$135.1M | |
| Total liabilities, redeemable convertible preferred stock and stockholders deficit | $159.4M | $35.6M | |||
| Temporary equity, issued (in shares) | 62.2M shares | ||||
| Temporary equity, outstanding (in shares) | 142.0K shares | 62.2M shares | 62.2M shares | 62.2M shares | |
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | $0.00 | ||
| Common stock, shares authorized (in shares) | 2.0B shares | 2.0B shares | 265.0M shares | ||
| Common stock, shares issued (in shares) | 175.4M shares | 58.1M shares | |||
| Common stock, shares outstanding (in shares) | 175.4M shares | 175.0M shares | 58.1M shares |
| Period ending | 2025-12-31 | 2025-09-30 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $50.8M | $16.7M | $27.8M | ||
| Marketable securities | $69.9M | $0 | |||
| Accounts receivable | $879.0K | $1.3M | |||
| Prepaid expenses and other current assets | $4.5M | $2.3M | |||
| Total current assets | $126.0M | $20.2M | |||
| Restricted cash | $1.4M | $1.4M | |||
| Property and equipment, net | $26.6M | $6.7M | |||
| Operating lease right-of-use assets | $5.3M | $7.1M | |||
| Other assets | $131.0K | $24.0K | |||
| Total assets | $159.4M | $35.6M | |||
| Accounts payable | $1.5M | $1.4M | |||
| Accrued expenses and other current liabilities | $11.4M | $11.4M | |||
| Operating lease liabilities, current | $1.9M | $1.6M | |||
| Debt, current portion | $1.1M | $16.8M | |||
| Second lien loans | $10.9M | $0 | |||
| Total current liabilities | $26.7M | $31.2M | |||
| Debt, net of current portion | $29.9M | $17.6M | |||
| Simple agreements for future equity | $0 | $59.3M | |||
| Operating lease liabilities, noncurrent | $3.6M | $5.7M | |||
| Warrant liabilities, noncurrent | $158.3M | $1.6M | |||
| Other liabilities | $804.0K | $313.0K | |||
| Total liabilities | $219.3M | $115.7M | |||
| Redeemable convertible preferred stock | $223.2M | $170.6M | $170.6M | $170.6M | |
| Common stock, $0.0001 par value; 1,980,000 and 265,000 shares authorized as of December 31, 2025 and December 31, 2024, respectively; 175,4401 and 58,057 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | $17.0K | $6.0K | |||
| Additional paid-in capital | $570.6M | $17.3M | |||
| Accumulated other comprehensive income | $22.0K | $0 | |||
| Accumulated deficit | -$853.7M | -$268.1M | |||
| Total stockholders deficit | -$283.1M | -$250.8M | -$187.1M | -$135.1M | |
| Total liabilities, redeemable convertible preferred stock and stockholders deficit | $159.4M | $35.6M | |||
| Temporary equity, issued (in shares) | 62.2M shares | ||||
| Temporary equity, outstanding (in shares) | 142.0K shares | 62.2M shares | 62.2M shares | 62.2M shares | |
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | $0.00 | ||
| Common stock, shares authorized (in shares) | 2.0B shares | 2.0B shares | 265.0M shares | ||
| Common stock, shares issued (in shares) | 175.4M shares | 58.1M shares | |||
| Common stock, shares outstanding (in shares) | 175.4M shares | 175.0M shares | 58.1M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net loss | -$585.5M | -$69.5M | -$56.9M |
| Depreciation and amortization | $3.2M | $4.6M | $4.1M |
| Stock-based compensation | $19.1M | $5.5M | $5.4M |
| Non-cash lease expense | $1.9M | $1.8M | $2.2M |
| Accretion of discount on marketable securities | -$480.0K | $0 | -$909.0K |
| Transaction costs allocated to common stock warrants | $3.2M | $0 | $0 |
| Change in fair value of second lien loans | $24.4M | $0 | $0 |
| Change in fair value of simple agreements for future equity | $190.1M | $4.1M | $0 |
| Loss on issuance of equity instruments | $210.7M | $0 | $0 |
| Non-cash interest expense | $795.0K | $402.0K | $788.0K |
| Loss on disposal of property and equipment | $265.0K | $0 | $0 |
| Accounts receivable | $401.0K | -$1.0M | $9.0K |
| Prepaid expenses and other current assets | -$2.2M | $645.0K | -$484.0K |
| Other assets | -$105.0K | $276.0K | -$276.0K |
| Accounts payable | -$717.0K | -$811.0K | $558.0K |
| Accrued expenses and other current liabilities | -$407.0K | $5.1M | $3.8M |
| Operating lease liabilities | -$1.9M | -$1.8M | -$2.2M |
| Other liabilities | $492.0K | $43.0K | $255.0K |
| Net cash used in operating activities | -$94.4M | -$51.0M | -$43.8M |
| Proceeds from maturities of marketable securities | $0 | $0 | $51.0M |
| Purchases of marketable securities | -$69.4M | $0 | -$30.5M |
| Purchases of property and equipment | -$22.0M | -$3.2M | -$3.3M |
| Payment of deposits | $0 | -$20.0K | $0 |
| Net cash (used in) provided by investing activities | -$91.4M | -$3.2M | $17.3M |
| Proceeds from the issuance of debt, net of issuance costs | $29.7M | $0 | $3.7M |
| Repayment of debt | -$33.4M | -$2.2M | -$1.9M |
| Proceeds from issuance of second lien loans | $43.9M | $0 | $0 |
| Proceeds from issuance of simple agreements for future equity | $23.7M | $45.2M | $10.0M |
| Proceeds from issuance of Series A cumulative redeemable convertible preferred stock | $145.0M | $0 | $0 |
| Proceeds from the reverse recapitalization, net of transaction costs | $26.2M | $0 | $0 |
| Proceeds from exercise of stock options | $1.4M | $172.0K | $292.0K |
| Proceeds from exercise of common stock warrants | $77.0K | $0 | $0 |
| Payments for deferred offering costs | -$16.6M | $0 | $0 |
| Net cash provided by financing activities | $219.9M | $43.1M | $12.0M |
| Net change in cash and cash equivalents and restricted cash | $34.1M | -$11.0M | -$14.5M |
| Cash paid for interest | $3.3M | $4.6M | $4.6M |
| Cash paid for income taxes | $0 | $3.0K | $5.0K |
| Purchases of property and equipment included in accounts payable and accrued expenses and other current liabilities | $1.4M | $118.0K | $0 |
| Operating lease right-of-use asset obtained in exchange for operating lease liability upon modification of operating lease | $0 | $1.9M | $2.4M |
| Operating lease right-of-use asset obtained in exchange for operating lease liability upon new operating lease | $0 | $1.1M | $0 |
| Proceeds from exercise of stock options included in prepaid and other current assets | $12.0K | $0 | $14.0K |
| Proceeds from exercise of common stock warrants included in prepaid and other current assets | $9.0K | $0 | $0 |
| Conversion of second lien loans into common stock in connection with reverse recapitalization | $67.4M | $0 | $0 |
| Settlement of transaction costs in common stock in connection with reverse recapitalization | $12.5M | $0 | $0 |
| Exchange of simple agreements for future equity for second lien loan | $10.0M | $0 | $0 |
| Net exercise of warrants in connection with reverse recapitalization | $8.9M | $0 | $0 |
| Issuance of non-redemption common stock in connection with reverse recapitalization | $3.2M | $0 | $0 |
| Liabilities assumed from reverse recapitalization | $31.0K | $0 | $0 |
| Issuance of common stock in connection with a debt agreement | $499.0K | $0 | $0 |
No quarter-by-quarter statement was filed.
Leadership
Who has led Kodiak AI, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
2025
- Chief executive officerDonald L. Burnette Sep 24, 2025 to now10
- Chief executive officerDavid Kaplan Apr 21, 2023 to Apr 21, 202311
- Chief financial officerSurajit Datta Sep 24, 2025 to now12
- Chief financial officerJarrod Phillips Apr 21, 2023 to Apr 21, 202313
- Chief operating officerMichael Wiesinger Sep 24, 2025 to now14
- Chief operating officerAllyson Satin Apr 21, 2023 to Apr 21, 202315
Board members and other officers (15)
- Chief Technology OfficerAndreas Wendel Sep 24, 2025 to now16
- Chief People OfficerZsuzsanna Major Sep 24, 2025 to now17
- OfficerPeter Ogilvie Apr 21, 2023 to Apr 21, 202318
- Board memberDonald L. Burnette Sep 24, 2025 to now10
- Board memberJames D. Reed Sep 24, 2025 to now19
- Board memberKenneth A. Goldman Sep 24, 2025 to now20
- Board memberKristin Sverchek Sep 24, 2025 to now21
- Board memberMohamed Elshenawy Sep 24, 2025 to now22
- Board memberAllyson Satin Sep 25, 2025 to now23
- Board memberScott R. Tobin Sep 25, 2025 to now24
- Board memberDavid Kaplan Apr 21, 2023 to Apr 21, 202311
- Board memberFelicia D. Thornton Apr 21, 2023 to Apr 21, 202325
- Board memberMichael J. Arougheti Apr 21, 2023 to Apr 21, 202326
- Board memberDavid G. Hirz Jul 19, 2023 to Jul 19, 202327
- General counselJordan S. Coleman Sep 24, 2025 to now28
Named in SEC Form D filings
People the company listed in its private-offering notices.
- Director, PromoterBrad J Coleman named Apr 29, 2025 to Sep 24, 202529
Former names
Timeline
Filings
257 filings to the SEC since October 2021: 3 annual reports, 11 quarterly reports, 28 major events, 59 insider forms, 35 large holders, 3 private raises, 118 other. The latest 20:
- Sep 30, 2026144 EDGAR
- Sep 29, 2026144 EDGAR
- Sep 25, 2026144 EDGAR
- Aug 14, 2026SCHEDULE 13G EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 7, 2026424B3 EDGAR
- Aug 7, 2026424B3 EDGAR
- Aug 7, 202610-Q EDGAR
- Aug 6, 20268-K EDGAR
- Aug 5, 2026SCHEDULE 13G/A EDGAR
- Jul 2, 20264 EDGAR
- Jul 2, 20264 EDGAR
- Jul 2, 20264 EDGAR
- Jul 2, 20264 EDGAR
- Jul 2, 20264 EDGAR
- Jul 2, 20264 EDGAR
- Jul 2, 2026424B3 EDGAR
- Jul 2, 2026424B3 EDGAR
- Jul 2, 20268-K EDGAR
- Jun 16, 20264 EDGAR
The 257 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- LMR Partners LLPSCHEDULE 13G, 1 filing Aug 14, 202630
- SOROS FUND MANAGEMENT LLCSCHEDULE 13G/A, 2 filings Oct 1, 2025 to Aug 14, 202631
- Polar Asset Management Partners Inc.SCHEDULE 13G/A, 1 filing May 15, 202632
- SIP Global Tech Fund I, L.P.SCHEDULE 13G/A, 2 filings Sep 30, 2025 to May 15, 202633
- Alyeska Investment Group, L.P.SCHEDULE 13G, 2 filings Aug 14, 2025 to Nov 14, 202534
- Fort Baker Capital Management LPSCHEDULE 13G/A, 2 filings May 15, 2025 to Nov 14, 202535
- Westchester Capital Management, LLCSCHEDULE 13G/A, 4 filings Nov 14, 2024 to Nov 14, 202536
- Ares Acquisition Holdings II LPSCHEDULE 13G/A, 2 filings Feb 9, 2024 to Nov 12, 202537
- ARK Investment Management LLCSCHEDULE 13G/A, 2 filings Nov 4, 2025 to Nov 7, 202538
- Battery Ventures XII, L.P.SCHEDULE 13D, 1 filing Oct 1, 202539
- Donald L. BurnetteSCHEDULE 13D, 1 filing Oct 1, 202540
- Paz Eshel Living TrustSCHEDULE 13G, 1 filing Oct 1, 202541
- METEORA CAPITAL, LLCSCHEDULE 13G, 1 filing Aug 14, 202542
- AQR CAPITAL MANAGEMENT LLCSCHEDULE 13G/A, 3 filings Nov 14, 2024 to Aug 13, 202543
- Wealthspring Capital LLCSCHEDULE 13G/A, 3 filings Feb 8, 2024 to Jun 4, 202544
- First Trust Capital Management L.P.SCHEDULE 13G/A, 2 filings Nov 14, 2024 to May 15, 202545
- BarclaysSCHEDULE 13G/A, 2 filings Nov 13, 2024 to Mar 21, 202546
- HGC Investment Management Inc.SC 13G, 1 filing Feb 14, 202447
Money raised
Private offerings the company reported to the SEC on Form D.
- Dec 31, 2025Raised $499,000 in a private offering of equity Form D: 1 investor so far Form D
- Sep 15, 2025Raised $145 million in a private offering of equity Form D: $200 million offered in all Form D
- Apr 14, 2025Raised $60 million in a private offering of equity Form D: $100 million offered in all Form D
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 76. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARKodiak AI, Inc. filings on SEC EDGAR
- 2
- 3SEC EDGARKodiak AI, Inc. filings on SEC EDGAR
- 4
- 5SEC EDGARKodiak AI, Inc. 10-K for fiscal 2025
- 6SEC EDGARKodiak AI, Inc. 10-K for fiscal 2022
- 7SEC EDGARKodiak AI, Inc. 10-Q for fiscal 2026
- 8SEC EDGARKodiak AI, Inc. 10-Q for fiscal 2026
- 9SEC EDGARKodiak AI, Inc. 10-K for fiscal 2023
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- 18SEC EDGARPeter Ogilvie, Officer
- 19SEC EDGARJames D. Reed, Board member
- 20SEC EDGARKenneth A. Goldman, Board member
- 21SEC EDGARKristin Sverchek, Board member
- 22SEC EDGARMohamed Elshenawy, Board member
- 23SEC EDGARAllyson Satin, Board member
- 24SEC EDGARScott R. Tobin, Board member
- 25SEC EDGARFelicia D. Thornton, Board member
- 26SEC EDGARMichael J. Arougheti, Board member
- 27SEC EDGARDavid G. Hirz, Board member
- 28SEC EDGARJordan S. Coleman, General counsel
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