Kodiak AI Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	-526.2	-69.46	-56.95
Depreciation & Amortization	3.12	4.62	4.11
Loss (Gain) From Sale of Investments	194.18	4.11	-0.91
Stock-Based Compensation	11.7	5.55	5.4
Other Operating Activities	247.3	1.81	2.83
Change in Accounts Receivable	-0.53	-1.04	0.01
Change in Accounts Payable	-0.87	-0.81	0.56
Change in Other Net Operating Assets	-13.79	4.27	1.11
Operating Cash Flow	-84.95	-50.96	-43.84
Capital Expenditures	-14.32	-3.19	-3.27
Investment in Securities	-	-0.02	20.55
Investing Cash Flow	-14.32	-3.21	17.28
Long-Term Debt Issued	-	-	3.67
Long-Term Debt Repaid	-	-2.24	-1.93
Net Debt Issued (Repaid)	31.52	-2.24	1.74
Issuance of Common Stock	26.15	45.36	10.29
Financing Cash Flow	212.28	43.13	12.03
Net Cash Flow	113.01	-11.05	-14.54
Free Cash Flow	-99.27	-54.15	-47.11
Free Cash Flow Margin	-603.48%	-362.64%	-278.01%
Free Cash Flow Per Share	-1.08	-0.61	-0.54
Cash Interest Paid	3.83	4.56	4.61
Cash Income Tax Paid	-	0	0.01
Levered Free Cash Flow	-	-30.4	-
Unlevered Free Cash Flow	-	-27.31	-
Change in Working Capital	-15.19	2.42	1.67

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q