Kodiak AI, Inc.
KDK Technology Software Infrastructure
Kodiak AI, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.8 million, down 74.6% from fiscal 2024. In the quarter to June 2026, revenue grew 595.6%, EPS grew 89.4%, free cash flow fell 60.6% and total debt rose 2,745.8%, each against the same quarter a year earlier.
Follow KDK
Kodiak AI, Inc. (KDK) Piotroski F-score
Kodiak AI, Inc.'s Piotroski F-score for fiscal 2025 is 2 out of 9: 2 of nine tests of profitability, leverage and efficiency passed.
Piotroski F-score, annual
Embed this chart
Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 2 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (600.64%) | (24.76%) | Fail | 0 |
| Positive operating cash flow | (94.44m) | (50.96m) | Fail | 0 |
| Rising return on assets | (600.64%) | (24.76%) | Fail | 0 |
| Cash flow above net income | 491.08m | 18.50m | Pass | 1 |
| Falling long-term leverage | 0.31 | 0.06 | Fail | 0 |
| Rising current ratio | 4.73 | 0.65 | Pass | 1 |
| No new shares issued | 91,225,000 | 58,410,000 | Fail | 0 |
| Rising gross margin | 100.00% | 100.00% | Fail | 0 |
| Rising asset turnover | 0.04 | 0.05 | Fail | 0 |
| Piotroski F-score | Weak — most fundamentals deteriorated | 2 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| TLS Telos Corporation compare | 6 |
| XNET Xunlei Limited compare | 5 |
| IMXI INTERNATIONAL MONEY EXPRESS, INC. compare | 5 |
| PSFE Paysafe Limited compare | 5 |
| NUAI New Era Energy & Digital, Inc. compare | 4 |
| QIWI QIWI PLC compare | 4 |
| KDK Kodiak AI, Inc. | 2 |
| SUPX SuperX AI Technology Limited compare | 2 |
| AIOT PowerFleet, Inc. compare | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover