Kodiak AI Q3 revenue rises 286% to $3.0 million; operating loss widens to $50.4 million
Kodiak AI reported third-quarter 2026 results for the period ended September 30, 2026. Revenue rose to $2.97 million from $770,000 a year earlier, but the operating loss widened to $50.4 million, and the company posted net income of $27.4 million only because of a $78.2 million non-cash gain on the fair value of common stock warrants.
Key points
- Q3 revenue was $2.97 million versus $770,000 in Q3 2025; the CFO attributed growth to Driver-as-a-Service operations and a one-time Defense contribution.
- Loss from operations was $50.4 million versus $30.0 million a year earlier; non-GAAP loss from operations was $41.6 million.
- Net income of $27.4 million compared with a net loss of $269.9 million in Q3 2025, driven by the warrant fair value gain.
- Free cash flow was negative $38.0 million, and cash and marketable securities totaled $113.6 million at quarter-end.
The filing
Written by AI on Nov 9, 2026, 11:45 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 November 05, 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.