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Kodiak AI (KDK) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · Kodiak AI (KDK) Q3 2026 earnings results →
Q3 2026 Revenue up 286% year over year to $3.0M · 923¢ of every $1 of revenue kept as net profit
Kodiak AI made $3.0M in Q3 2026 (+286% Y/Y). Operating margin n/m, net earnings $27.4M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $3.0M in Q3 2026, up 286% year over year and down 15% from the previous quarter.
Operating costs exceeded revenue by $50.4M, an operating margin of -1696.8%. Total costs grew 74% against revenue growth of 286%. The fastest-growing cost line was Research & development (+89%). Net earnings were $27.4M. The effective tax rate was 0.0%. Non-operating items added $77.8M, 284% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$35.2M. Non-cash charges added back $1.9M of depreciation and amortization and $8.8M of share-based compensation. Working capital and other items used $73.4M. Capital expenditures of $2.8M exceeded it, leaving free cash flow of −$38.0M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 6, 2026 | $3.0M | +286% | n/m | $27.4M | −$35.2M |
| Q2 2026 | 10-Q | Aug 7, 2026 | $3.5M | +596% | n/m | $12.5M | −$34.1M |
| Q1 2026 | 10-Q | May 8, 2026 | $1.8M | +24% | n/m | $26.5M | −$29.5M |
| Q4 2025 | 10-K | Mar 11, 2026 | $1.1M | -92% | n/m | −$73.7M | −$24.2M |
| Q3 2025 | 10-Q | Nov 13, 2025 | $770K | +92% | n/m | −$270M | −$68.1M |
| Q2 2025 | 10-Q | Aug 12, 2025 | $503K | — | n/m | −$114M | −$1.8M |
| Q1 2025 | 10-Q | May 15, 2025 | $1.5M | — | -183.9% | $3.0M | −$318K |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Customers and suppliers named in filings
Buys from
About Kodiak AI
Unless the context otherwise requires, all references in this section to the “Company,” “Kodiak,” “we,” “us,” or “our” refer to the business of Kodiak Robotics, Inc. prior to the consummation of the Merger (defined below), and to Kodiak AI, Inc. after the completion of the Merger. On September 24, 2025 (the “Closing Date” or “Closing”), Kodiak Robotics, Inc. (“Legacy Kodiak”) and Ares Acquisition Corporation II (“AACT”) consummated the merger transaction (the “Merger”) as contemplated by a definitive business combination agreement (the “BCA”) and AACT changed its name to Kodiak AI, Inc. Our common stock is listed on the Nasdaq under the symbol “KDK,” and our warrants to purchase shares of common stock are listed on the Nasdaq under the symbol “KDKRW.”
In its own words, from its 10-K, filed Mar 11, 2026.
Kodiak AI against its Services-Computer Integrated Systems Design peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +286% against the peers' median +4%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| KDK Kodiak AI | Q3 2026 | $3.0M | +286% | n/m |
| LDOS Leidos Holdings | Q3 2026 | $4.6B | +4% | 11.9% |
| KD Kyndryl Holdings | Q2 FY27 | $3.7B | -2% | 3.1% |
| CACI CACI International | Q3 2026 | $2.5B | +8% | 10.0% |
| SAIC Science Applications International | Q2 FY27 | $1.9B | +6% | 8.1% |
| PSN Parsons | Q3 2026 | $1.7B | +2% | 6.3% |
| GDDY GoDaddy | Q3 2026 | $1.3B | +6% | 27.0% |
| OTEX Open Text | Q1 FY27 | $1.2B | -4% | 20.3% |
| LAWIL Light & Wonder | Q3 2026 | $824M | -2% | 29.4% |
Source: Kodiak AI 10-Q on SEC EDGAR · CIK 1853138 · Services-Computer Integrated Systems Design
Guidance and outlook
13F: who owns KDK and who is buying
More on KDK
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results