Kodiak AI (KDK) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Kodiak AI

NasdaqGM•Technology•Software - Infrastructure

$3.82+0.14(0.04%)Market closed

Market Cap

$717.13M

P/S

78.6x

Kodiak AI, Inc. engages in the development of autonomous vehicle technology and related services. It offers Kodiak Driver, a virtual driver that combines advanced AI-powered software with modular and vehicle-agnostic hardware designed to help address its customers. The company also provides oversight and integration tools, including Kodiak OnTime, a proprietary suite of support services and tools designed to provide smooth integration with customer operations. In addition, it delivers freight through its autonomous trucks; and offers driver-as-a-service to its customers. Kodiak AI, Inc. has strategic collaboration with General Dynamics Land Systems to create autonomous ground vehicles (AGVs) for defense applications. The company serves long-haul trucking, industrial trucking, and defense industries. Kodiak AI, Inc. was founded in 2018 and is headquartered in Mountain View, California.

How this company scores

PoorMetricSide Score: 19.5/100

Grade capped at D — Negative equity — the balance sheet is insolvent. Strongest: Growth (9.5/25); weakest: Cash & Earnings Quality (0/25).

Profitability3/25

Growth9.5/25

Balance Sheet & Red Flags7/25

Cash & Earnings Quality0/25

Strengths

Consistent growthNet cash positionImproving margins

Grade capped at D

Negative equity — the balance sheet is insolvent.
Interest coverage below 1× (-51.1x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/S · 78.6x5y range 78.6x – 662.5x

Currently below its 4-quarter median.

P/B · 10326.5x5y range 10326.5x – 10326.5x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 8 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $717.13M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $9.13M
Q. Revenue: $3.50M
TTM EBITDA: $-179.64M
TTM Op. Income: $-185.94M
Q. Op. Income: $-43.68M
TTM Net Income: $-549.88M
Q. Net Income: $12.48M
EPS: $-0.2
Shares Out.: $187.24M

$9.13M in TTM revenue grew from zero YoY, reaching $3.50M last quarter. TTM EBITDA of $-179.64M and TTM operating income of $-185.94M show growth is flowing through to the bottom line. However, net income is negative at $549.88M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has risen for 4 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: -1201.2%
Op. Margin: -1248.3%
Net Margin: 356.6%

Op. margin of -1248.3% is up 550633351.7% YoY — cost efficiency is improving. Net margin at 356.6% Across the last 8 quarters, operating margin has risen for 4 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 78.6x
P/B Ratio: N/A

P/S of 78.6x and P/B of 0.0x. P/S is high, meaning growth expectations are priced in.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $194.38M
Cash: $46.75M
Long-Term Debt: $29.46M
Book Value: $-188.92M
D/E Ratio: N/A
Debt/EBITDA: N/A

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-34.13M
TTM Free Cash Flow: $-187.48M
FCF Margin: -2054.4%
FCF / Net Income: 0.3

TTM FCF of $-187.48M on $-34.13M in operating cash flow. The FCF / Net Income ratio of 0.3x means cash covers only part of net income — earnings quality needs attention. Across the last 8 quarters, free cash flow has fallen for 6 consecutive quarters — a weakening trend.