Kodiak AI, Inc. balance sheet KDK

Annual Quarterly

As of Jun 30, 2026, Kodiak AI, Inc. had total assets of $194.4 million and total liabilities of $160.1 million. Total assets were down 65.3% from a year earlier. Stockholders' equity was negative, at -$188.9 million, because liabilities exceed assets. It held $151.1 million in cash and investments against $47.8 million of total debt, net cash of $103.2 million. The current ratio, current assets divided by current liabilities, was 5.54.

USD in millions, except ratios and per-share amounts. The percent under a figure is the change from the same quarter a year earlier.

Q2 FY2026
Jun 30, 2026
Q1 FY2026
Mar 31, 2026
Q4 FY2025
Dec 31, 2025
Q3 FY2025
Sep 30, 2025
Q2 FY2025
Jun 30, 2025
Q1 FY2025
Mar 31, 2025
Q4 FY2024
Dec 31, 2024
Q3 FY2024
Sep 30, 2024
Assets
Cash
47
+130.9%
65
+267.6%
51
+203.8%
146
+340.5%
20
+1349.7%
18
+975.1%
17
-39.8%
33
+1372.3%
Short-term investments
104
25
70
—
—
—
—
—
Cash and investments
151
+646.0%
90
+410.5%
121
+622.2%
146
+340.5%
20
+1349.7%
18
+975.1%
17
-39.8%
33
+1372.3%
Receivables
1
0
1
1
—
—
—
—
Total current assets
157
+5434.7%
95
+12652.4%
126
+522.3%
152
+10461.7%
3
+59.9%
1
-64.6%
20
+738.4%
1
-50.3%
Property and equipment, net
31
30
27
19
—
—
—
—
Total assets
194
-65.3%
131
-76.5%
159
+348.3%
178
-67.4%
561
+4.2%
557
+4.7%
36
-93.2%
546
+5.2%
Liabilities and equity
Accounts payable
1
1
1
3
—
—
—
—
Total current liabilities
28
+132.5%
26
+736.3%
27
-14.6%
35
+5942.2%
12
+2536.5%
3
+616.6%
31
+11083.9%
1
+77.8%
Total liabilities
160
+493.0%
154
+500.0%
219
+89.4%
174
+654.8%
27
+17.6%
26
+11.6%
116
+408.1%
23
+1.1%
Stockholders' equity
-189
+61.2%
-246
+34.7%
-283
-12.8%
-220
+7.8%
-487
-120.6%
-377
-84.7%
-251
-34.1%
-238
-1100.9%
Debt
Debt due within a year
13
12
12
22
—
—
—
—
Long-term debt
29
+489.2%
30
+495.0%
30
+70.0%
11
+121.7%
5
+0.0%
5
+0.0%
18
+251.5%
5
+0.0%
Lease liabilities
6
5
6
6
—
—
—
—
Total debt
48
+856.4%
47
+840.8%
47
+169.0%
39
+684.5%
5
+0.0%
5
+0.0%
18
+251.5%
5
+0.0%
Net cash
103
+577.0%
43
+240.7%
73
+8584.5%
107
+279.5%
15
+523.2%
13
+477.4%
-1
-103.8%
28
+1126.8%
Ratios
Current ratio
5.54x
3.69x
4.73x
4.38x
0.23x
0.24x
0.65x
2.51x
Return on assets
-156.72%
-329.35%
-367.31%
-295.88%
-57.82%
-32.24%
-195.32%
-22.36%
Book value per share
-0.97
-1.39
-1.61
-1.25
—
—
—
—
How these figures are calculated

Quarterly columns are single-quarter amounts. When a 10-Q reports only a year-to-date total, as cash flow statements do, the quarter is that total minus the previous quarter's year-to-date total. The fourth quarter is the annual report's full year minus the first nine months. A column marked YTD is a year-to-date total, shown when the earlier report needed for the single quarter is missing. USD in millions, except ratios and per-share amounts. Cash and investments adds short-term and long-term marketable securities to cash. Debt due within a year is the borrowings that are not already in long-term debt. Total debt is those borrowings plus lease liabilities. Net cash is cash and investments minus total debt. Return on equity and return on assets divide the trailing twelve months of net income by the balance on that date. Debt to EBITDA uses the trailing twelve months of EBITDA. More on our methodology.

Company profile

Industry
Services-Computer Integrated Systems Design (SIC 7373)
Listed as
KDK (Nasdaq), KDKRW (Nasdaq)
Fiscal year ends
December 31
Incorporated in
DE
Headquarters
Mountain View, CA
SEC filer status
, Emerging growth company
SEC CIK
1853138
Former names
Kodiak Al, Inc. (until Sep 24, 2025); Ares Acquisition Corp II (until Sep 24, 2025)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.