Kodiak AI, Inc. (KDK) intrinsic value & 10-year financials
Kodiak AI, Inc. (KDK) has a Graham intrinsic value of $536.27 per share. At $1.35 on Oct 17, 2026, the stock trades 100% below that value. Over the last 5 fiscal years revenue shrank 52.7% a year to $3.8M, with an average return on invested capital of 947.7%.
- Graham intrinsic value
- $536.27
- Share price (Oct 17, 2026)
- $1.35
- Price vs Graham value
- 100% below
- Market cap
- $123.2M
- Revenue (FY2025)
- $3.8M
- Revenue growth (5-yr CAGR)
- -52.7%
- ROIC (10-yr avg)
- 947.7%
- Free cash flow (FY2025)
- -$116.5M
KDK 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $3.8M | -$585.5M | -$6.42 | -$116.5M | -2966.2% | 83.0% |
| FY2024 | $14.9M | $26.0M | -$1.19 | -$4.1M | -11.9% | 3734.3% |
| FY2023 | $16.9M | $16.9M | -$0.98 | -$4.6M | -6.6% | 13.1% |
| FY2022 | — | -$3.5K | — | — | — | -39.5% |
| FY2021 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Kodiak AI, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Kodiak AI, Inc. has earned high returns on invested capital, averaging 23.5% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Kodiak AI, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Kodiak AI, Inc. is modeled at -52.7% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $536.27 per share.