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Kodiak AI
(NASDAQ:KDK)
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Rating:44Neutral
Price Target:
$2.50
▼(-37.34% Downside)
Action:Reiterated
Date:09/19/26
The score is held down primarily by weak financial quality—negative gross profit, large losses, and heavy cash burn implying continued external funding needs. Technicals also point to a sustained downtrend (below major moving averages, negative MACD). Valuation provides limited offset because the company is loss-making (negative P/E) and no dividend yield is available.
Positive Factors
Revenue Acceleration
A 72% increase in trailing revenue indicates accelerating commercial activity and growing adoption of Kodiak’s autonomous trucking offering. If the company can sustain this expansion while improving economics, the larger operating base could support stronger fixed-cost absorption over time.
Negative Factors
Negative Gross Profit
Negative gross profit means revenue is not currently covering direct costs, a fundamental weakness for a technology business seeking commercial scale. The deterioration from positive gross profit in 2023–2024 suggests that growth has not yet translated into sustainable unit economics or durable margin improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Acceleration
A 72% increase in trailing revenue indicates accelerating commercial activity and growing adoption of Kodiak’s autonomous trucking offering. If the company can sustain this expansion while improving economics, the larger operating base could support stronger fixed-cost absorption over time.
Read all positive factors
Kodiak AI (KDK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$641.98M
Dividend YieldN/A
Average Volume (3M)1.29M
Price to Earnings (P/E)―
Beta (1Y)0.48
Revenue GrowthN/A
EPS Growth-1768.27%
CountryUS
Employees342
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-4.36
Shares Outstanding200,618,160
10 Day Avg. Volume1,941,498
30 Day Avg. Volume1,286,500
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-16.64
Price to Sales (P/S)262.36
P/FCF Ratio-8.55
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit>-0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$9.58Price Target Upside140.18% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)-0.57
Revenue Forecast (FY)$11.07M
Kodiak AI Business Overview & Revenue Model
Company Description
Kodiak AI, Inc. specializes in engineering sophisticated software solutions that deliver AI-powered ground autonomy. This technology enables various vehicles to navigate independently across diverse environments, encompassing highways, urban stree...
Kodiak AI Earnings Call Summary
Earnings Call Date:May 07, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Nov 18, 2026
Earnings Call Sentiment Positive
The call conveyed strong operational momentum and meaningful progress across deployments, safety work, strategic partnerships (GDLS, Bosch, NVIDIA), regulatory approvals, and AI tooling adoption, supported by a $100M capital raise that extends liquidity into 2027. However, the company remains pre-profit with continued quarterly operating losses and negative free cash flow, a dilutive financing event, an ARM short of launch readiness (86%), and a platform transition that tempers near-term truck delivery growth. Highlights around rapid increases in driverless hours (+120%), loads (+24%), and revenue growth (+74% QoQ), combined with strengthened liquidity and multiple strategic partnerships, outweigh the near-term financial and execution risks.Positive Updates
Successful $100M Capital Raise and Strengthened Liquidity
Raised $100 million gross proceeds (net ≈ $95M) at $6.50 per share with warrants; pro forma cash, cash equivalents, and marketable securities ≈ $185M (up from $90M at quarter end). Company states this extends liquidity into 2027.
Negative Updates
Ongoing Operating Losses and Cash Burn
GAAP operating loss was $37.9 million in Q1; non-GAAP operating loss (ex-stock comp) was $31.8 million. Q1 free cash flow negative $35M and FY2026 FCF still expected to be a negative $155M–$165M, indicating continued cash burn before breakeven.
Read all updates
Q1-2026 Updates
Positive
Negative
Successful $100M Capital Raise and Strengthened Liquidity
Raised $100 million gross proceeds (net ≈ $95M) at $6.50 per share with warrants; pro forma cash, cash equivalents, and marketable securities ≈ $185M (up from $90M at quarter end). Company states this extends liquidity into 2027.
Read all positive updates
Company Guidance
Kodiak guided fleet and cash‑flow targets while reiterating operational pacing: it expects driverless trucks to grow from 28 at Q1 end to the mid‑thirties (exiting Q2 in the mid‑thirties), with H2 2026 deployments roughly matching H1 and an acceleration through 2027 (Atlas’s 100‑truck commitment expected complete in H1 2027). Financial guidance included Q2 free cash flow of negative $39M to negative $41M and an improved full‑year FY2026 free cash flow outlook of negative $155M to negative $165M; Q1 actuals were revenue $1.8M (+74% QoQ), GAAP operating loss $37.9M, non‑GAAP operating loss $31.8M, free cash flow negative $35M, and CapEx ≈ $5.5M. Liquidity guidance: Q1 cash and marketable securities $90M, plus a $100M gross ($95M net) financing for pro forma cash ≈ $185M, which management says extends runway into 2027; they also expect lower AV hardware costs over time and remain opportunistic on additional capital (S‑3 eligibility expected).Kodiak AI Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
28
Negative
Cash Flow
14
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.15M | 3.80M | 14.93M | 16.95M | 0.00 | 0.00 |
| Gross Profit | -21.37M | -20.97M | 14.93M | 16.95M | 0.00 | 0.00 |
| EBITDA | -353.15M | -578.18M | -59.89M | -47.41M | -35.67M | -30.45M |
| Net Income | -304.65M | -585.52M | -69.46M | -56.95M | 49.31M | 15.85M |
Balance Sheet | ||||||
| Total Assets | 194.38M | 159.41M | 35.56M | 46.29M | 1.01B | 417.42K |
| Cash, Cash Equivalents and Short-Term Investments | 151.06M | 120.67M | 16.71M | 27.76M | 0.00 | 0.00 |
| Total Debt | 47.80M | 36.44M | 41.73M | 42.33M | 233.24K | 181.86K |
| Total Liabilities | 160.12M | 219.27M | 286.40M | 233.39M | 61.15M | 404.92K |
| Stockholders Equity | 34.27M | -59.87M | -250.84M | -187.10M | 952.33M | 12.50K |
Cash Flow | ||||||
| Free Cash Flow | -187.48M | -116.47M | -54.15M | -47.11M | -2.21M | -1.41M |
| Operating Cash Flow | -155.99M | -94.44M | -50.96M | -43.84M | -2.21M | -1.41M |
| Investing Cash Flow | -139.80M | -91.43M | -3.21M | 17.28M | 0.00 | -1.00B |
| Financing Cash Flow | 326.70M | 219.93M | 43.13M | 12.03M | 1.50M | 1.00B |
Kodiak AI Technical Analysis
Negative
3.99
Price Trends
3.99
Negative
5.30
Negative
7.03
Negative
Market Momentum
-0.24
Positive
28.95
Positive
3.82
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KDK, the sentiment is Negative. The current price of 3.99 is above the 20-day moving average (MA) of 3.66, above the 50-day MA of 3.99, and below the 200-day MA of 7.03, indicating a bearish trend. The MACD of -0.24 indicates Positive momentum. The RSI at 28.95 is Positive, neither overbought nor oversold. The STOCH value of 3.82 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KDK.
Kodiak AI Risk Analysis
Kodiak AI disclosed 56 risk factors in its most recent earnings report. Kodiak AI reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Kodiak AI Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $288.92M | 8.31 | 38.91% | ― | 63.98% | ― | |
59 Neutral | $171.23M | -3.99 | 58.01% | 6.49% | 110.30% | 57.62% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
45 Neutral | $519.03M | 25.79 | 3.57% | ― | ― | -19.23% | |
44 Neutral | $641.98M | -0.68 | 2729.14% | ― | ― | -1768.27% |
* General Sector Average
KDK
Kodiak AI
2.78
-5.17
-65.03%
DUOT
Duos Technologies Group
9.55
1.82
23.54%
MRT
Marti Technologies
2.13
-0.10
-4.48%
ENRD
Einride AB Sponsored ADR
3.83
-6.94
-64.45%
Kodiak AI Corporate Events
Business Operations and StrategyExecutive/Board Changes
Kodiak AI Enhances Executive Compensation and Equity Incentives
Positive
Jul 2, 2026
On July 1, 2026, Kodiak AI, Inc. implemented a series of changes to its executive compensation program following a review by an independent consultant and the board’s Compensation Committee. The committee raised CEO Don Burnette’s base...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.