Revenue: As of FY2026 Q1, the actual value is USD 1.83 M, beating the estimate of USD 1.645 M.EPS: As of FY2026 Q1, the actual value is USD 0.1, beating the estimate of USD -0.2033.EBIT: As of FY2026 Q1, the actual value is USD -38 M.<h4>Revenue</h4>Kodiak AI, Inc. reported Q1 2026 revenue of $1.8 million, showing a 74% quarter-over-quarter growth, compared to $1.471 million in Q1 2025.<h4>Operating Costs (Three Months Ended March 31)</h4><ul><li>Research and development: $17.550 million in 2026, compared to $10.134 million in 2025.</li><li>General and administrative: $12.420 million in 2026, compared to $5.125 million in 2025.</li><li>Truck and freight operations: $8.305 million in 2026, compared to $4.005 million in 2025.</li><li>Sales and marketing: $1.406 million in 2026, compared to $0.806 million in 2025.</li><li>Total operating expenses: $39.681 million in 2026, compared to $20.070 million in 2025.</li></ul><h4>Operational Profit/Loss</h4>Loss from operations was -$37.851 million in Q1 2026, compared to -$18.599 million in Q1 2025.<h4>Net Income (Loss)</h4>Net income (loss) was $26.490 million in Q1 2026, compared to -$128.185 million in Q1 2025.<h4>Cash Flow (Three Months Ended March 31)</h4><ul><li>Net cash used in operating activities: -$29.494 million in 2026, compared to -$16.506 million in 2025.</li><li>Free cash flow (Non-GAAP): -$35.025 million in 2026, compared to -$18.826 million in 2025.</li></ul><h4>Liquidity and Financing</h4>Kodiak AI, Inc. ended Q1 2026 with $90.2 million in cash and cash equivalents and marketable securities, excluding the $100 million gross proceeds from a subsequent PIPE financing.<h4>Private Placement Details (May 7, 2026)</h4>An aggregate of 15,384,609 shares of common stock were offered at $6.50 per share, with accompanying warrants exercisable for 15,384,609 shares of Common Stock at an initial exercise price of $6.00 per share, expiring five years from issuance. This private placement is expected to generate approximately $100.0 million in gross proceeds for Kodiak AI, Inc., including an investment of approximately $5.0 million from an Ares affiliate for 769,230 shares and warrants.<h4>Company Capital Structure (as of March 31, 2026)</h4><ul><li>Authorized Capital Stock: 2,000,000,000 shares.</li><li>Common Stock Authorized: 1,980,000,000 shares, with a par value of $0.0001 per share.</li><li>Preferred Stock Authorized: 20,000,000 shares, with a par value of $0.0001 per share.</li><li>Issued and Outstanding Preferred Stock: 142,155 shares.</li><li>Issued and Outstanding Common Stock: 183,727,054 shares.</li><li>Warrants to Purchase Common Stock Issued and Outstanding: 64,838,943 shares. The exercise price for these warrants is $6.00 per share, with an Original Issue Date of May 8, 2026, and an Expiration Date of May 7, 2031.</li></ul><h4>Operational Metrics (as of Q1 2026)</h4><ul><li>Customer-Owned Driverless Vehicles: Totaled 28, representing a 40% quarter-over-quarter growth.</li><li>Cumulative Hours of Paid Driverless Operations: Exceeded 23,500 hours, a 120% increase over the end of Q4 2025.</li><li>Cumulative Loads: Over 15,600 loads delivered, an approximately 24% growth over the end of Q4 2025.</li><li>Long-haul Autonomy Readiness Measure: Increased to 86% as of the end of April.</li><li>Strategic Partnerships: Kodiak AI, Inc. announced a partnership with General Dynamics Land Systems (GDLS) for autonomous military ground vehicles, unveiled the Leonidas Autonomous Ground Vehicle, launched service with Roehl Transport, and planned pilot operations with West Fraser.</li></ul><h4>Outlook / Guidance</h4>Kodiak AI, Inc. intends to use the net proceeds from the private placement for working capital and general corporate purposes. The company is focused on a long-haul driverless launch targeted for late 2026 and plans to integrate NVIDIA DRIVE Hyperion architecture in its next-generation trucks. The $100 million PIPE financing is expected to provide flexibility for the operating plan, support growth, and enable progress toward profitability and generating free cash flow over time.

Kodiak Robotics | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 1.83 M