Kodiak AI Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	-585.53	-69.46	-56.95
Depreciation & Amortization	3.25	4.62	4.11
Loss (Gain) From Sale of Assets	0.27	-	-
Loss (Gain) From Sale of Investments	189.6	4.11	-0.91
Stock-Based Compensation	19.08	5.55	5.4
Other Operating Activities	283.27	1.81	2.83
Change in Accounts Receivable	0.4	-1.04	0.01
Change in Accounts Payable	-0.72	-0.81	0.56
Change in Other Net Operating Assets	-4.06	4.27	1.11
Operating Cash Flow	-94.44	-50.96	-43.84
Capital Expenditures	-22.03	-3.19	-3.27
Investment in Securities	-69.41	-0.02	20.55
Investing Cash Flow	-91.43	-3.21	17.28
Long-Term Debt Issued	73.53	-	3.67
Long-Term Debt Repaid	-33.38	-2.24	-1.93
Net Debt Issued (Repaid)	40.15	-2.24	1.74
Issuance of Common Stock	25.16	45.36	10.29
Other Financing Activities	9.62	-	-
Financing Cash Flow	219.93	43.13	12.03
Net Cash Flow	34.05	-11.05	-14.54
Free Cash Flow	-116.47	-54.15	-47.11
Free Cash Flow Margin	-3067.37%	-362.64%	-278.01%
Free Cash Flow Per Share	-1.28	-0.61	-0.54
Cash Interest Paid	3.3	4.56	4.61
Cash Income Tax Paid	-	0	0.01
Levered Free Cash Flow	-93.51	-30.4	-
Unlevered Free Cash Flow	-90.95	-27.31	-
Change in Working Capital	-4.38	2.42	1.67

Updated Mar 10, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q