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.’s total revenues increased by $0.4 million, or 24%, to $1.8 million for the three months ended March 31, 2026, from $1.5 million for the three months ended March 31, 2025. In the three months ended March 31, 2026, revenue disaggregation showed 82% from Driver-as-a-Service (DaaS), 15% from freight delivery, and the remainder from ground autonomy solutions. For the same period in 2025, revenue disaggregation was 68% from ground autonomy solutions, 20% from freight delivery, and the remainder from DaaS. The aggregate amount of the transaction price allocated to unsatisfied performance obligations was $28.8 million as of March 31, 2026, which is expected to be recognized ratably through March 2030. <h4>Operating Expenses</h4><ul><li>Research and Development: Increased by $7.4 million, or 73%, to $17.6 million for the three months ended March 31, 2026, from $10.1 million for the same period in 2025, primarily due to higher headcount-related expenses and investment in AI/machine learning initiatives. </li><li>General and Administrative: Increased by $7.3 million, or 142%, to $12.4 million for the three months ended March 31, 2026, from $5.1 million for the same period in 2025, driven mainly by higher headcount-related expenses and increased professional services costs related to becoming a public company. </li><li>Truck and Freight Operations: Increased by $4.3 million, or 107%, to $8.3 million for the three months ended March 31, 2026, from $4.0 million for the same period in 2025, primarily due to higher headcount-related expenses and increased operational infrastructure costs for DaaS. </li><li>Sales and Marketing: Increased by $0.6 million, or 74%, to $1.4 million for the three months ended March 31, 2026, from $0.8 million for the same period in 2025, mainly due to higher headcount-related expenses and increased marketing expenses. </li><li>Total Operating Expenses: Increased to $39.681 million for the three months ended March 31, 2026, from $20.070 million for the same period in 2025. </li></ul><h4>Profitability</h4><ul><li>Loss from Operations: Increased to -$37.851 million for the three months ended March 31, 2026, from -$18.599 million for the same period in 2025, representing a 104% increase in loss. </li><li>Net Income (Loss): Kodiak AI, Inc. reported a net income of $26.490 million for the three months ended March 31, 2026, compared to a net loss of -$128.185 million for the same period in 2025. </li><li>Non-GAAP Loss from Operations: Was -$31.827 million for the three months ended March 31, 2026, compared to -$16.721 million for the same period in 2025. </li></ul><h4>Cash Flow</h4><ul><li>Net Cash Used in Operating Activities: Was -$29.494 million for the three months ended March 31, 2026, compared to -$16.506 million for the same period in 2025. </li><li>Net Cash Provided by (Used in) Investing Activities: Was $39.469 million provided for the three months ended March 31, 2026, compared to -$2.320 million used for the same period in 2025. </li><li>Net Cash Provided by Financing Activities: Was $4.214 million for the three months ended March 31, 2026, compared to $19.784 million for the same period in 2025. </li><li>Free Cash Flow: Was -$35.025 million for the three months ended March 31, 2026, compared to -$18.826 million for the same period in 2025. </li></ul><h4>Balance Sheet Items</h4><ul><li>Cash and Cash Equivalents and Marketable Securities: Totaled $90.2 million as of March 31, 2026. </li><li>Short-Term Debt Obligations: Totaled $12.3 million as of March 31, 2026. </li><li>Accumulated Deficit: Was -$827.2 million as of March 31, 2026. </li></ul><h4>Operational Metrics (Unique to Kodiak AI, Inc.)</h4><ul><li>Cumulative Hours of Paid Driverless Operations: Surpassed 23,500 hours as of March 31, 2026. </li><li>Customer-Owned Driverless Vehicles: There were 28 customer-owned driverless vehicles as of March 31, 2026. </li><li>Loads Delivered: Kodiak Driver-powered vehicles have delivered over 15,600 loads as of March 31, 2026. </li></ul><h4>Future Outlook and Strategy</h4>Kodiak AI, Inc. anticipates incurring additional losses and increased expenses due to business scaling, research and development efforts, increased employee headcount, and public company costs. The company expects its current cash and cash equivalents, marketable securities, and recent private placement proceeds of approximately $100.0 million to fund its business plan into the second quarter of 2027, with plans to seek additional funding through debt or equity offerings. Kodiak AI, Inc.’s strategy involves evolving towards an asset-light Driver-as-a-Service (DaaS) model with recurring subscription revenue, scaling DaaS deployment, exploring new opportunities in remote environments, expanding internationally, and pursuing opportunities in the defense market.

Kodiak Robotics | 10-Q: FY2026 Q1 Revenue Beats Estimate at USD 1.83 M