Kodiak AI (KDK)
NASDAQ:KDK
Earnings Data
Report Date
May 07, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.2Last Year’s EPS
0.05Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call conveyed strong operational and technological progress — rapid fleet expansion, notable industry-first capabilities (triples, car trailers), meaningful revenue growth (Q4 +37% QoQ) and important partnerships (Bosch, Verizon, Roush, Marine Corps). At the same time, Kodiak remains an early-revenue, capital-intensive business with sustained operating losses, a projected large free cash flow burn in FY2026 (negative $160M–$170M), and liquidity only into Q4 2026 under current plans. Safety readiness is materially advanced (ARM at 84%) but not yet at the 100% threshold required for definitive long-haul launch, and meaningful cost reductions in AV hardware are still required to achieve profitability. Overall, operational momentum and strategic validation are clear, but substantial financial and execution risks remain until scale and hardware-cost improvements materialize.Company Guidance
Rapid fleet expansion and deployments
Finished 2025 with 20 customer-owned driverless Class 8 trucks (100% quarter-over-quarter growth), representing the largest customer-owned driverless trucking deployment in the world; expecting driverless trucks in the high-20s by Q1 FY2026 and committed to delivering the remaining 80 trucks from the 100-truck Atlas order over the next several quarters.
Strong operational usage and scale metrics
Driverless trucks collectively logged more than 10,700 revenue-generating hours with no one in the cab (equivalent to ~700,000 miles or nearly 30 trips around the planet). As of end-Q4, Kodiak's Autonomy System delivered over 12,600 loads, an 87% increase in loads delivered versus year-end 2024.
Revenue growth and recurring DaaS traction
Q4 revenue was $1.1 million, up 37% quarter-over-quarter; exiting 2025 with approximately mid-single-digit millions of annualized recurring DaaS revenue, highlighting the early traction of the asset-light Driver-as-a-Service model.
Improved cash performance versus guidance
Q4 free cash flow was negative $34 million, outperforming prior guidance of negative $36M to $38M, driven by improved operating leverage and prudent spending despite higher AV hardware CapEx.
Strategic partnerships and commercial expansion
Announced strategic collaborations with Bosch (joint development of a next-generation redundant autonomous platform), Verizon (commercial connectivity for 5G/LTE fleet operations), and manufacturing partners (Roush); launched new commercial route with Martin-Brower and expanded total weekly operational lanes to 8.
Technology and product-first industry milestones
Hit multiple autonomous-industry firsts: became first AV company to pull triple trailers (combined vehicle weight >275,000 pounds / ~137 tons) and began hauling car trailers; unique sensor-pod configuration enabled these feats and broadened addressable customers (industrial, long-haul, defense).
Safety progress and validation capabilities
Autonomy Readiness Measure (ARM) rose to 84% as of February 2026; introduced Breakpoint simulation technology to test millions of scenarios and identify rare edge cases; began structured testing at the American Center for Mobility proving ground to evaluate highway-speed scenarios for the long-haul safety case.
Defense and dual-use validation
Won a contract with the U.S. Marine Corps to integrate Kodiak Driver into the ROGUE-Fires platform; participated in high-profile Army and Defense Innovation Unit demonstrations (xTech Overwatch, Project G.I.), showcasing dual-use capabilities and opening potential defense avenues.
Balance sheet and financing improvements
Ended 2025 with $121 million in cash and marketable securities; completed a debt refinancing that upsized the facility to $30 million, lowered interest, extended maturity to early 2030 and requires no principal repayments until 2028, improving near-term liquidity flexibility.
Productivity gains from AI tooling
Reported accelerated development productivity from AI coding tools and internal generative AI usage, which management cites as enabling faster progress on software and cost-efficient R&D—a material contributor to capital efficiency.
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 |
|---|---|---|---|
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 (KDK) report earnings?
Kodiak AI (KDK) is schdueled to report earning on May 07, 2026, After Close (Confirmed).
What is Kodiak AI (KDK) earnings time?
Kodiak AI (KDK) earnings time is at May 07, 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 (Q1) is -0.2.