Kodiak Ai, Inc. (KDK)
NASDAQ:KDK
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Earnings Data
Report Date
Aug 06, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.18Last Year’s EPS
-1.26Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational momentum and meaningful progress across deployments, safety work, strategic partnerships (GDLS, Bosch, NVIDIA), regulatory approvals, and AI tooling adoption, supported by a $100M capital raise that extends liquidity into 2027. However, the company remains pre-profit with continued quarterly operating losses and negative free cash flow, a dilutive financing event, an ARM short of launch readiness (86%), and a platform transition that tempers near-term truck delivery growth. Highlights around rapid increases in driverless hours (+120%), loads (+24%), and revenue growth (+74% QoQ), combined with strengthened liquidity and multiple strategic partnerships, outweigh the near-term financial and execution risks.Company Guidance
Successful $100M Capital Raise and Strengthened Liquidity
Raised $100 million gross proceeds (net ≈ $95M) at $6.50 per share with warrants; pro forma cash, cash equivalents, and marketable securities ≈ $185M (up from $90M at quarter end). Company states this extends liquidity into 2027.
Rapid Increase in Driverless Hours and Deployment
Deployed 8 additional trucks in Q1 for a total of 28 driverless trucks. Paid driverless hours exceeded 23,500 as of quarter end, a 120% increase from end of Q4, and Q1 hours exceeded all driverless hours driven in 2025.
Strong Operational Growth in Loads and Freight Delivered
Cumulative loads delivered rose to more than 15,600, representing approximately 24% growth. Q1 alone delivered over 200,000 tons of freight (noted as ~weight of the Sears Tower).
Revenue Growth Momentum
Q1 revenue was $1.8 million, representing 74% quarter-over-quarter growth, driven primarily by expansion in Driver-as-a-Service and customer-owned driverless trucks.
Progress Toward Long-Haul Launch and Safety Validation
Long-haul autonomy readiness measure (ARM) reached 86% as of April. Completed numerous safety case claims including sensor field-of-view and redundant braking subsystems; leveraging 18 months of driverless operational experience in the Permian.
Strategic Partnerships and New Commercial Channels
Announced strategic partnerships and pilots including General Dynamics Land Systems (defense), Bosch (manufacturing and sensors), NVIDIA DRIVE Hyperion (next-gen compute), a West Fraser pilot in Canada (first international/forestry pilot), and new carrier Roehl Transport service (Dallas–Houston 4x weekly).
Improved Free Cash Flow Outlook and Q1 FCF Outperformance
Q1 free cash flow was negative $35 million, outperforming expectations. Full-year FY2026 free cash flow guidance improved to negative $155M to negative $165M. Company expects FCF of negative $39M to negative $41M (near-term increase tied to one-time hardware/unit cost investments).
Regulatory and Geographic Progress
California published final statutes enabling in-state driverless deployment; Kodiak plans to submit for a California testing permit. Texas AV permitting program approved Kodiak’s authorizations. Participated in DriveOhio demo and added the 25,000th mile to the commercial network.
KDK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
KDK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $9.10 | $7.25 | -20.38% |
Mar 10, 2026 | $8.81 | $8.98 | +1.93% |
Nov 12, 2025 | $8.00 | $6.52 | -18.50% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Kodiak Ai, Inc. (KDK) report earnings?
Kodiak Ai, Inc. (KDK) is schdueled to report earning on Aug 06, 2026, After Close (Confirmed).
What is Kodiak Ai, Inc. (KDK) earnings time?
Kodiak Ai, Inc. (KDK) earnings time is at Aug 06, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is KDK EPS forecast?
KDK EPS forecast for the fiscal quarter 2026 (Q2) is -0.18.