Kodiak AI reports Q1 revenue $1.8M (+74% QoQ), announces $100M PIPE financing

Kodiak AI, Inc.

2026-Q1 EPS reported $0.10 revenue$1,830,000

Q1 revenue of $1.8M, up 74% QoQ; net cash used in operations $29.5M.
Ended Q1 with $90.2M cash; $100M PIPE (15.4M shares at $6.50 + warrants at $6.00) not yet included.
Deployed 8 additional driverless trucks, total 28; cumulative driverless hours >23,500 (+120% from Q4 2025).
Free cash flow (Non-GAAP) negative $35.0M in Q1.
PIPE includes institutional investors and Ares affiliate; proceeds for working capital and general corporate purposes.

item 1.01 item 2.02 item 3.02 item 9.01

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accession 0001628280-26-032092

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