Kodiak AI, Inc. (KDK) Form 424B3 — Aug 7, 2026
Kodiak AI filed Prospectus Supplement No. 5 on August 7, 2026, solely to incorporate its Q2 2026 Form 10-Q into its March 16, 2026 prospectus. No new securities are being offered in this filing. The incorporated 10-Q discloses substantial doubt about the company's ability to continue as a going concern, and management's plans do not alleviate that doubt.
Key figures
- Eps
- -$0.20 basic / -$0.50 diluted (Q2 2026)
- Revenue
- $3.499 million (Q2 2026); $5.329 million (H1 2026)
- Net Income
- $12.477 million (Q2 2026) vs -$113.726 million (Q2 2025); $38.967 million (H1 2026), driven by non-cash warrant fair-value gains
- Total Debt
- approximately $42.1 million carrying value ($0.656M current debt + $12.025M second lien loans + $29.460M long-term debt)
- Revenue Yoy
- 596% (Q2 2026 vs Q2 2025); 170% (H1 2026 vs H1 2025)
- Total Assets
- 194384000
- Cash Position
- 46750000
- Shares Outstanding
- 200618170
- Cash runway
- into the second quarter of 2027
- Earn out shares
- 74998317
- Total liquidity
- $151.1 million (cash + marketable securities, June 30, 2026)
- H1 warrant fv gain
- 122938000
- Q2 warrant fv gain
- 58280000
- Accumulated deficit
- 814702000
- Pipe price per share
- 6.5
- Second lien maturity
- October 1, 2026
- Marketable securities
- 104306000
- Operating loss q2 2026
- 43677000
- Stock price aug 6 2026
- 4.36
- Sponsor earn out shares
- 6250000
- Warrant price aug 6 2026
- 0.77
- Second lien interest rate
- 16.50%
- Deemed dividend down round
- 46100000
- Warrant exercise potential
- up to $603.3 million from full cash exercise of all outstanding warrants
- Pipe gross proceeds may 2026
- 100000000
- Credit facility interest rate
- 10.25%
- Cumulative paid driverless hours
- 40000
- Customer b revenue share q2 2026
- 56%
- Customer owned driverless vehicles
- 35
- Shares reserved for future issuance
- 269,947 thousand
AI analysis
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