--- title: "Kodiak Robotics | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 1.83 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/285658383.md" datetime: "2026-05-08T03:32:38.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285658383.md) - [en](https://longbridge.com/en/news/285658383.md) - [zh-HK](https://longbridge.com/zh-HK/news/285658383.md) --- # Kodiak Robotics | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 1.83 M 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. #### Revenue 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. #### Operating Costs (Three Months Ended March 31) - **Research and development**: $17.550 million in 2026, compared to $10.134 million in 2025. - **General and administrative**: $12.420 million in 2026, compared to $5.125 million in 2025. - **Truck and freight operations**: $8.305 million in 2026, compared to $4.005 million in 2025. - **Sales and marketing**: $1.406 million in 2026, compared to $0.806 million in 2025. - **Total operating expenses**: $39.681 million in 2026, compared to $20.070 million in 2025. #### Operational Profit/Loss Loss from operations was -$37.851 million in Q1 2026, compared to -$18.599 million in Q1 2025. #### Net Income (Loss) Net income (loss) was $26.490 million in Q1 2026, compared to -$128.185 million in Q1 2025. #### Cash Flow (Three Months Ended March 31) - **Net cash used in operating activities**: -$29.494 million in 2026, compared to -$16.506 million in 2025. - **Free cash flow (Non-GAAP)**: -$35.025 million in 2026, compared to -$18.826 million in 2025. #### Liquidity and Financing 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. #### Private Placement Details (May 7, 2026) 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. #### Company Capital Structure (as of March 31, 2026) - **Authorized Capital Stock**: 2,000,000,000 shares. - **Common Stock Authorized**: 1,980,000,000 shares, with a par value of $0.0001 per share. - **Preferred Stock Authorized**: 20,000,000 shares, with a par value of $0.0001 per share. - **Issued and Outstanding Preferred Stock**: 142,155 shares. - **Issued and Outstanding Common Stock**: 183,727,054 shares. - **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. #### Operational Metrics (as of Q1 2026) - **Customer-Owned Driverless Vehicles**: Totaled 28, representing a 40% quarter-over-quarter growth. - **Cumulative Hours of Paid Driverless Operations**: Exceeded 23,500 hours, a 120% increase over the end of Q4 2025. - **Cumulative Loads**: Over 15,600 loads delivered, an approximately 24% growth over the end of Q4 2025. - **Long-haul Autonomy Readiness Measure**: Increased to 86% as of the end of April. - **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. #### Outlook / Guidance 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. ### Related Stocks - [KDK.US](https://longbridge.com/en/quote/KDK.US.md) ## Related News & Research - [Sharon AI Reports First Quarter 2026 Results | SHAZ Stock News](https://longbridge.com/en/news/286612640.md) - [Jack Antonoff tells people who are making AI art to 'drive right off that cliff'](https://longbridge.com/en/news/286592426.md) - [BluSky AI Inc. 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