Kodiak AI Inc. Common Stock (KDK)

FairStock Score: 14/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for businesses with durable competitive advantages, honest earnings, and a margin of safety. Kodiak AI is a speculative autonomous-vehicle technology company, not a Graham-style bargain. In fiscal 2025, the year ended 2025-12-31, revenue was just $3.8M and net loss was $585.5M, or -$6.42 per diluted share. Fiscal 2024 revenue was $14.9M with a net loss of $69.5M, and fiscal 2023 revenue was $16.9M with a net loss of $56.9M. That is not growth; it is contraction and heavy losses. The latest figures are odd: in fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $3.5M and net income was $12.5M, yet diluted EPS was -$0.50; in fiscal Q1 2026, revenue was $1.8M and net income was $26.5M with diluted EPS of $0.10. Those positive bottom lines are not yet supported by trailing free cash flow, which was -$147.5M. FairStock's calculations at the 2026-10-13 close of $1.70 show a P/E of -0.61, FCF yield of -43.2%, ROCE of -75.39%, Piotroski F-Score of 4/9, Altman Z-Score of -5.27, and a FairStock Score of 14/100. Debt/equity is 1.40. The company may have optionality in autonomous driving, but I see no proven moat or pricing power in these numbers. The Lynch category is none because it lost money in each of the last four years. Without a path to durable revenue and positive cash flow, the low price alone is not a margin of safety.

In plain English: Kodiak AI builds self-driving vehicle technology and services for trucks and other vehicles. The business is very small and has been shrinking, with large losses and negative cash flow in recent years, though the last two reported quarters showed positive net income on tiny sales. At $1.70, the shares have fallen sharply from their 52-week high; compared with the company's weak sales, losses and cash use, the price does not look like a clear bargain.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer