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Kodiak AI (KDK) Q3 2025 earnings results (third quarter 2025)

10-Q filed Nov 13, 2025

Kodiak AI (KDK) reported revenue of $770K for the third quarter 2025 (Q3 2025), +92% from a year earlier and +53% from the quarter before.

Revenue$770K
Year over year+92%
Quarter over quarter+53%
Operating margin—
Net earnings−$270M

Kodiak AI, Q3 2025: revenue $770K (+92% year over year), net loss $270M, operating cash flow −$68.1M. The chart follows the revenue to costs, profit and cash.

Q3 2025AmountQ/QY/Y
Revenue$770K+53%+92%
Operating profit−$30.0M——
Net earnings−$270M——
Operating cash flow−$68.1M——

What changed

Revenue was $770K in Q3 2025, up 92% year over year and up 53% from the previous quarter.

Operating costs exceeded revenue by $30.0M, an operating margin of -3892.1%. Total costs grew 65% against revenue growth of 92%. The fastest-growing cost line was Other operating costs (+216%). The quarter ended with a net loss of $269.9M, wider than the previous quarter's $113.7M loss. Net interest and other expense of $240.0M was the main reason.

Operating cash flow was −$68.1M. Non-cash charges added back $900K of depreciation and amortization and $5.2M of share-based compensation. Working capital and other items added $195.6M. Capital expenditures of $6.6M exceeded it, leaving free cash flow of −$74.8M.

Questions

What was Kodiak AI's revenue in the third quarter 2025?

Kodiak AI (KDK) reported revenue of $770K for the third quarter 2025 (Q3 2025), +92% from a year earlier and +53% from the quarter before.

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Source: Kodiak AI 10-Q on SEC EDGAR.