KDK Technology

Kodiak AI, Inc.

$1.16+3.57%

Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026

Basics

Sector: Technology
Industry: Software - Infrastructure
Country: United States
Market cap: 232.7M USD
Enterprise value: 161.9M USD
Full-time employees: 341

Overall health

Drawback: less profitable than most peersless profitable than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
About average: risk (debt, liquidity and share-price swings)risk
Not enough data: growth

Would rank #1,540 of 1,612 fully scored technology companies (bottom 5%)

Partial overall score — 3/4 categories available.

See how it ranks against its peers

Worth knowing

Negative shareholders' equity. Liabilities exceed assets on the balance sheet.
Kodiak AI's liabilities exceed its assets on the balance sheet. Large share buybacks can cause this in healthy companies, but so can accumulated losses; either way, debt-based ratios need care.
Stock-based pay is a large cost. Stock pay was 503% of revenue in 2025.
Kodiak AI paid employees $19M in stock in 2025, 503% of its $4M revenue. It doesn't use cash, so it flatters cash flow, but it is a real cost to shareholders through dilution.
Loss over 12 months, profit last quarter. Lost money in the 12 months to June 2026, but made a $12M profit in the quarter to June 2026.
Kodiak AI reported a net loss over the last twelve months, but its most recent quarter was profitable ($12M). One quarter isn't a trend, but it's closer to profitability than the 12-month figure suggests.
Revenue is falling. Revenue fell 75% in the fiscal year to Dec 2025 vs the year before.
Kodiak AI's revenue fell 75% in the fiscal year to Dec 2025 vs the year before.

StockQuotient Score

17/ 100▲ 1 since Oct 27 close

Oct 5 16 → Nov 4 17 (+1)

Valuation

Is the price right?

10/100

Weak

3/3 inputs reported · High confidence

Since last quarter: ▼ Weaker

Share count up 9.1% (existing holders diluted)

Valuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ Earnings yield
▼ EBITDA yield
▼ FCF yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-130.9%

SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.00Sector median: 0.0225 · MAD: 0.0225

EBITDA yield-98.3%

SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price50% base weight · Z-score -1.17Sector median: 0.0423 · MAD: 0.0361

Free cash flow yield-63.4%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share price20% base weight · Z-score -1.00Sector median: 0.0274 · MAD: 0.0274

Other data (not scored)

Book yield-81.2%

SEC filings · latest balance sheetOutlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.3292 · MAD: 0.1754

Growth

Is it growing?

Insufficient data

Insufficient data: 1 of 3 inputs reported (at least 2 needed). We leave it blank rather than fill the gap with a made-up middle value.

Profitability

Does it earn well?

0/100

Weak

2/3 inputs reported · Partial data

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Operating margin
▼ ROA

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin-2100.2%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -7.12Sector median: 0.0631 · MAD: 0.0710

Return on assets-156.7%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.92Sector median: 0.0293 · MAD: 0.0362

Return on invested capitalUnavailable

Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.0676 · MAD: 0.0857

Other data (not scored)

Gross margin100.0%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsOutlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.3343 · MAD: 0.1632

Return on equityUnavailable

Missing · left out of the scoreInformational · 0% composite weightSector median: 0.0753 · MAD: 0.0889

Risk

Debt, liquidity, price swings

Moderate

Moderate relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why it changed since the Oct 27, 2026 close: Safety percentile 39 → 40

Peer companies moved+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Mixed versus peers:

▲ Current ratio
▲ Beta
▼ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.42

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score 1.21Sector median: 0.8710 · MAD: 0.3700

Current ratio5.54×

SEC filings · latest balance sheetReported value33% base weight · Z-score 5.41Sector median: 1.8295 · MAD: 0.6848

Debt / equityUnavailable

Shareholders' equity is negative, so debt/equity counts as among the highest in its peer group33% base weight · Z-score -7.82Sector median: 0.2495 · MAD: 0.2270

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Kodiak AI

Is Kodiak AI getting weaker?: Its latest SEC filing (Aug 7, 2026) got weaker in some ways: share count up 9.1%. Its overall score is 17/100, up 1 since Oct 28, 2026.
How is Kodiak AI valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 10/100 against 1,711 technology peers. Earnings yield -130.9% vs a peer median of 2.2% (weaker than 100% of peers).Earnings yield -130.9% vs peers 2.2% (weaker than 100% of peers).
Is Kodiak AI growing?: Insufficient data: 1 of 3 inputs reported (at least 2 needed).
How profitable is Kodiak AI?: Less profitable than most of its peers. Profitability scores 0/100 against 1,711 technology peers. Operating margin -2100.2% vs a peer median of 6.3% (weaker than 100% of peers).Operating margin -2100.2% vs peers 6.3% (weaker than 100% of peers).
How risky is Kodiak AI?: Moderate risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings. Current ratio 5.54× vs a peer median of 1.83× (stronger than 91% of peers).Current ratio 5.54× vs peers 1.83× (stronger than 91% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 7, 2026 · compared with the quarter ended Mar 31, 2026

Got weaker

Share count up 9.1% (existing holders diluted)

Worth watching: Kodiak AI is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous quarter	Latest quarter	Change
Revenue (12 months)	4.2M USD	7.2M USD	+72.1%
Net income (12 months)	−430.9M USD	−304.6M USD	−29.3%
Operating margin	-3173.2%	-2100.2%	+1073.0 pts
Free cash flow (12 months)	−132.7M USD	−147.5M USD	+11.1%
Debt	42.1M USD	42.2M USD	+0.3%
Cash	65.0M USD	46.8M USD	−28.0%
Shares outstanding	183.9M	200.6M	+9.1%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Industry: Software - Infrastructure · 71 companies

Valuations in Software - Infrastructure are above their usual range since 2016.

61% of months since 2016 were valued lower than now.
22% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +19% and earnings +22% (medians): prices and earnings moved broadly together.
Median price-to-sales is +97% vs the whole market, against a usual +103%.

2016Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2022	FY 2023	FY 2024	FY 2025	Change
Operating margin	—	-317.8%	-413.3%	-2966.2%	▼ >999 pts
Net margin	—	-336.0%	-465.1%	-15420.7%	▼ >999 pts
Return on assets (ROA)	-0.7%	-10.8%	-195.3%	-367.3%	▼ 172 pts
Free cash flow margin	—	-278.0%	-362.6%	-3067.4%	▼ >999 pts
Current ratio	0.00×	8.65×	0.65×	4.73×	▲ 629%
Interest coverage	—	-9.96×	-12.47×	-27.50×	▼ 121%

KDK price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Drawback: less profitable than most peersless profitable than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

About average: risk (debt, liquidity and share-price swings)risk

Not enough data: growth

Would rank #1,540 of 1,612 fully scored technology companies (bottom 5%)

Partial overall score — 3/4 categories available.

See how it ranks against its peers

Worth knowing

Negative shareholders' equity. Liabilities exceed assets on the balance sheet.

Kodiak AI's liabilities exceed its assets on the balance sheet. Large share buybacks can cause this in healthy companies, but so can accumulated losses; either way, debt-based ratios need care.

Stock-based pay is a large cost. Stock pay was 503% of revenue in 2025.

Kodiak AI paid employees $19M in stock in 2025, 503% of its $4M revenue. It doesn't use cash, so it flatters cash flow, but it is a real cost to shareholders through dilution.

Loss over 12 months, profit last quarter. Lost money in the 12 months to June 2026, but made a $12M profit in the quarter to June 2026.

Kodiak AI reported a net loss over the last twelve months, but its most recent quarter was profitable ($12M). One quarter isn't a trend, but it's closer to profitability than the 12-month figure suggests.

Revenue is falling. Revenue fell 75% in the fiscal year to Dec 2025 vs the year before.

Kodiak AI's revenue fell 75% in the fiscal year to Dec 2025 vs the year before.

Questions investors ask about Kodiak AI

Is Kodiak AI getting weaker?

Its latest SEC filing (Aug 7, 2026) got weaker in some ways: share count up 9.1%. Its overall score is 17/100, up 1 since Oct 28, 2026.

How is Kodiak AI valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 10/100 against 1,711 technology peers. Earnings yield -130.9% vs a peer median of 2.2% (weaker than 100% of peers).Earnings yield -130.9% vs peers 2.2% (weaker than 100% of peers).

Is Kodiak AI growing?

Insufficient data: 1 of 3 inputs reported (at least 2 needed).

How profitable is Kodiak AI?

Less profitable than most of its peers. Profitability scores 0/100 against 1,711 technology peers. Operating margin -2100.2% vs a peer median of 6.3% (weaker than 100% of peers).Operating margin -2100.2% vs peers 6.3% (weaker than 100% of peers).

How risky is Kodiak AI?

Moderate risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings. Current ratio 5.54× vs a peer median of 1.83× (stronger than 91% of peers).Current ratio 5.54× vs peers 1.83× (stronger than 91% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

4.2M USD

7.2M USD

+72.1%

Net income (12 months)

−430.9M USD

−304.6M USD

−29.3%

Operating margin

-3173.2%

-2100.2%

+1073.0 pts

Free cash flow (12 months)

−132.7M USD

−147.5M USD

+11.1%

Debt

42.1M USD

42.2M USD

+0.3%

Cash

65.0M USD

46.8M USD

−28.0%

Shares outstanding

183.9M

200.6M

+9.1%

Key ratios

FY 2022

FY 2023

FY 2024

FY 2025

Change

Operating margin

—

-317.8%

-413.3%

-2966.2%

▼ >999 pts

Net margin

—

-336.0%

-465.1%

-15420.7%

▼ >999 pts

Return on assets (ROA)

-0.7%

-10.8%

-195.3%

-367.3%

▼ 172 pts

Free cash flow margin

—

-278.0%

-362.6%

-3067.4%

▼ >999 pts

Current ratio

0.00×

8.65×

0.65×

4.73×

▲ 629%

Interest coverage

—

-9.96×

-12.47×

-27.50×

▼ 121%