Kodiak AI, Inc.
KDKNasdaqTechnology · Services-Computer Integrated Systems Design · DE · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | |
|---|---|---|---|---|
| Revenue | $3.8M | $14.9M | $16.9M | — |
| Operating income | −$112.6M | −$61.7M | −$53.8M | −$3,542 |
| Net income | −$585.5M | −$69.5M | −$56.9M | −$3,542 |
| Total assets | $159.4M | $35.6M | $525.5M | $512,595 |
| Total liabilities | $219.3M | $115.7M | $22.8M | $503,634 |
| Equity | −$283.1M | −$250.8M | −$187.1M | −$135.1M |
| EPS (diluted) | $-6.42 | $-1.19 | $-0.98 | — |
| Shares out. | 175.0M | 58.1M | 57.9M | — |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −2966.2%
- Net margin
- −15420.7%
- Return on equity
- 206.9%
- Return on assets
- −367.3%
- Return on capital (ROCE)
- −84.8%
- Liabilities / assets
- 137.6%
- Debt / equity
- —
- Book value / share
- $-1.62
- Revenue growth (YoY)
- −74.6%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -19.47distress
- Accruals / assets
- −308.1%clean
- Piotroski F-Score
- 3/9weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 2 severe● 5 warning● 2 good- Negative shareholder equity
- Altman Z″ in the distress zone
- Operating losses (negative operating margin)
- Reported a net loss
- Revenue declined year-over-year
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- Strong return on equity (>15%)
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Sip Global Tech Fund I, L.P.Passive (13G)May 15, 2026
- Polar Asset Management Partners Inc.Passive (13G)May 15, 2026
- Alyeska Investment Group, L.P.Passive (13G)Nov 14, 2025
- Westchester Capital Management, LlcPassive (13G)Nov 14, 2025
- Fort Baker Capital Management LpPassive (13G)Nov 14, 2025
- Ares Acquisition Holdings Ii LpPassive (13G)Nov 12, 2025
- Ark Investment Management LlcPassive (13G)Nov 7, 2025
- Paz Eshel Living TrustPassive (13G)Oct 1, 2025
- Battery Ventures Xii, L.P.Activist (13D)Oct 1, 2025
- Burnette Donald L.Activist (13D)Oct 1, 2025
- Soros Fund Management LlcPassive (13G)Oct 1, 2025
- Meteora Capital, LlcPassive (13G)Aug 14, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Aac Ii Holdings Ii Lp10% owner | May 8, 2026 | Grant | 769,230 | — |
| Major ZsuzsannaOfficer — Chief People Officer | Dec 30, 2025 | Option exercise | 10,000 | $0.51 |
| Ares Acquisition Holdings Ii Lp10% owner | Sep 23, 2025 | Option exercise | 12.5M | — |
| Satin AllysonDirector | Sep 24, 2025 | Grant | 59,242 | — |
| Tobin Scott RDirector | Sep 24, 2025 | Grant | 11.1M | — |
| Wiesinger MichaelOfficer — Chief Operating Officer | Sep 24, 2025 | Grant | 178,740 | — |
| Wendel AndreasOfficer — Chief Technology Officer | Sep 24, 2025 | Grant | 4.3M | — |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 8.6M | 5.5 | +67.6% |
| Apr 30, 2026 | 5.2M | 7.0 | +2.5% |
| Apr 15, 2026 | 5.0M | 9.6 | +8.2% |
| Mar 31, 2026 | 4.6M | 10.5 | -10.7% |
| Mar 13, 2026 | 5.2M | 11.9 | +5.4% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Entered a material agreement · Results of operations · Unregistered equity saleMay 7, 2026
- Results of operationsMar 10, 2026
- Entered a material agreement · Terminated a material agreement · New financial obligationDec 31, 2025
- Results of operationsNov 12, 2025
- Modified shareholder rightsOct 21, 2025
- Entered a material agreement · Completed an acquisition or disposition · Delisting / listing-standard notice · Unregistered equity sale · Modified shareholder rights · Changed auditor · Change in control · Director / officer change · Amended charter or bylaws · Item 5.05 · Item 5.06 · Regulation FD disclosure · Other material eventSep 30, 2025
- Shareholder vote · Other material eventSep 23, 2025
- Unregistered equity sale · Regulation FD disclosure · Other material eventSep 23, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (2)
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