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Kodiak AI (KDK) Q4 2025 earnings results (fourth quarter 2025)

10-K filed Mar 11, 2026

Kodiak AI (KDK) reported revenue of $1.1M for the fourth quarter 2025 (Q4 2025), -92% from a year earlier and +37% from the quarter before.

Revenue$1.1M
Year over year-92%
Quarter over quarter+37%
Operating margin—
Net earnings−$73.7M

Kodiak AI, Q4 2025: revenue $1.1M (-92% year over year), net loss $73.7M, operating cash flow −$24.2M. The chart follows the revenue to costs, profit and cash.

Q4 2025AmountQ/QY/Y
Revenue$1.1M+37%-92%
Operating profit−$38.7M——
Net earnings−$73.7M——
Operating cash flow−$24.2M——

What changed

Revenue was $1.1M in Q4 2025, down 92% year over year and up 37% from the previous quarter.

Operating costs exceeded revenue by $38.7M, an operating margin of -3676.2%. Total costs grew 72% against a revenue fall of 92%. The fastest-growing cost line was Other operating costs (+187%). The quarter ended with a net loss of $73.7M, narrower than the previous quarter's $269.9M loss.

Operating cash flow was −$24.2M. Non-cash charges added back $1.1M of depreciation and amortization and $8.9M of share-based compensation. Working capital and other items added $39.4M. Capital expenditures of $10.1M exceeded it, leaving free cash flow of −$34.4M.

Questions

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

Kodiak AI (KDK) reported revenue of $1.1M for the fourth quarter 2025 (Q4 2025), -92% from a year earlier and +37% from the quarter before.

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Source: Kodiak AI 10-K on SEC EDGAR.