Kodiak AI Q2 revenue rises to $3.5 million; warrant gain produces net income
Kodiak AI reported second-quarter 2026 revenue of $3.5 million, up from $503 thousand a year earlier, and net income of $12.5 million, compared with a net loss of $113.7 million in the same quarter of 2025. The net income came mainly from a $58.3 million non-cash gain on the fair value of common stock warrants, while the operating loss widened to $43.7 million and free cash flow was negative $38.1 million.
Key points
- Q2 2026 revenue was $3.5 million versus $503 thousand in Q2 2025.
- Net income was $12.5 million, helped by a $58.3 million gain on the change in fair value of common stock warrants.
- Loss from operations was $43.7 million, up from $25.3 million a year earlier.
- Ended Q2 with $151.1 million in cash, cash equivalents and marketable securities; Q2 free cash flow was negative $38.1 million.
The filing
Written by AI on Nov 9, 2026, 11:44 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 06, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.