Kodiak Ai, Inc. · NASDAQ:KDK

Kodiak Ai — Q2 2026 Earnings Presentation

32 slides from Kodiak Ai's earnings presentation, Jun 8, 2026

Slide 2: Disclaimer
Disclaimer Unless the context otherwise provides, “we,” “us,” “our,” “Kodiak,” “the Company” and like terms refer to Kodiak AI, Inc. statements should not be relied upon as representing Kodiak’s assessments as of any date subsequent to the date of and its subsidiaries. this Presentation. Accordingly
Slide 4: Kodiak delivers AI-powered driving technology for the toughest driving jobs
Kodiak delivers AI-powered driving technology that tackles some of the world’s toughest driving jobs across vehicles and environments. ©Kodiak AI 2026 4
Slide 5: Kodiak is at the Forefront of Physical AI
Kodiak is at the Forefront of Physical AI Kodiak: Redefining Physical AI at the Edge¹ Key Themes Driving the Inflection • Physical AI Stack - compute, perception, High Generative / Adaptive The Reasoning Inflection Point simulation, and world models Physical Solving • AI for edge compute, not data c
Slide 7: Six Quarters of Accelerating Driverless Operations
Six Quarters of Accelerating Driverless Operations Customer-Owned Hours of Paid Loads Driverless Vehicles Driverless Operations Delivered¹ QoQ +25% QoQ +71% QoQ +32% 35 40,200+ 20,600+ 28 15,600+ 12,600+ 20 23,500+ 10,000+ 8,200+ 10 10,700+ 5 5,200+ 1,900+ Q2 ‘25 Q3 ‘25 Q4 ‘25 Q1 ‘26 Q2 ‘26 Q2 ‘25 Q
Slide 8: Key Updates
Key Updates Commercial & • Expanded Roehl Transport service to five round trips per week (up from 4x weekly at launch) Operations • Expanded driverless operations to a second Permian hub, enabling Atlas to serve a broader geography • West Fraser international pilot launching in Canada Long-Haul • Lo
Slide 9: The Kodiak Driver: Industry Verticals & Pillars for Deployment
The Kodiak Driver: Industry Verticals & Pillars for Deployment ©Kodiak AI 2026 03 9
Slide 10: Deploying Autonomy Across Three Verticals
Deploying Autonomy Across Three Verticals Long-Haul Industrial Defense Autonomous freight operations daily Driverless fleet operated by Atlas Energy Extending the same AI driver to complex across southern US. Progressing to Solutions, delivering day and night; logging off-road and mission-critical e
Slide 11: The Kodiak Driver: One AI Driver for Ground Autonomy
The Kodiak Driver: One AI Driver for Ground Autonomy Unified AI Driver built for highways, off-road and unstructured environments One Common AI Behind Modular Hardware Oversight & Technology the Wheel Built to Scale Integration Tools Shared software and Perceives, plans, and Field-serviceable Sensor
Slide 12: Differentiated Technology Allows Scaled Deployment Across Varied Environments
Differentiated Technology Allows Scaled Deployment Across Varied Environments Highway Surface Streets Day & Night All Weather Off-road All Terrain Platform Agnostic¹ Single AI Driver Modular Hardware Operating Without HD Maps One autonomy stack powering multiple Field-serviceable SensorPods and Real
Slide 13: Successfully Executing Across Three Fundamental Pillars
Successfully Executing Across Three Fundamental Pillars Positioned to deliver meaningful growth & durable value creation Technology Safety Case Product Perception, prediction, planning, and control Evidence-based framework (incl. Probabilistic Risk Unique customer-centric approach, informed by engin
Slide 14: Introducing Gen7: Our Most Advanced Platform
Introducing Gen7: Our Most Advanced Platform Modular, reliable, serviceable, and built for commercial fleets at scale Purpose-Built for Deployment Flexibility Compact form factor simplifies integration, enhances reliability, and supports a broader range of vehicle configurations First AV truck platf
Slide 16: The Largest Autonomous Freight Network in the U.S.
The Largest Autonomous Freight Network in the U.S. 26,000+ miles of autonomous lanes across the nation's most freight-dense corridors² Kodiak Facilities Daily Operations Operational Lanes Announced Customer Relationships³ (1) Miles for Commercial Trucking and Defense routes operated by Kodiak as of
Slide 17: Scaling Manufacturing & Deployment
Scaling Manufacturing & Deployment Ecosystem-first manufacturing Truck OEMs Vehicle Upfit Driverless Operations Redundant Platform + Customer-operated AV System Integration driverless fleet Customer Purchases Trucks Recurring Monitoring + Monthly Onsite AV Hardware Vendors Contract Manufacturers Rev
Slide 18: Scaling Driverless Operations in the Permian
Scaling Driverless Operations in the Permian Second hub, record productivity, and a major software release for Atlas A Two-Hub Network Hubs are ~90 minutes apart and service wells spread over three hours apart New fixed order and delivery schedule with Atlas, on track to complete the initial 100-tru
Slide 19: International Pilot Launching with West Fraser
International Pilot Launching with West Fraser The Kodiak Driver will be operating in logging, pulling flatbeds, outside the U.S. From Announcement to Operations Pilot launching in Canada: hauling flatbed trailers for West Fraser Demanding Conditions by Design Canadian logging routes, like the Permi
Slide 21: Preparing for Driverless Long-Haul Operations in late 2026
Preparing for Driverless Long-Haul Operations in late 2026 Simulation and real-world operations in complex environments feed our safety case, accelerating readiness for broader driverless deployment Kodiak Autonomy Readiness Measure (ARM)¹ Industrial ARM Long-Haul ARM Measures the percentage of clai
Slide 23: Key Financial Priorities
Key Financial Priorities 01 Grow and Scale DaaS model 02 Drive cost and productivity across industrial and long-haul efficiencies with increasing through multiple deployments commercialization 03 Implement initiatives to lower AV 04 Invest prudently in technology, unit hardware expenditures safety c
Slide 24: Q2 FY 2026 Financial Highlights
Q2 FY 2026 Financial Highlights Revenue of $3.5M, up 91% quarter over quarter, reflecting continued DaaS expansion and a one-time contribution from the DriveOhio autonomous trucking demonstration program Free Cash Flow¹ of ($38M), outperforming guidance of ($39M) to ($41M) Ended the quarter with $15
Slide 27: Non-GAAP Financial Measures
NON-GAAP FINANCIAL MEASURES In addition to our financial results determined in accordance with U.S. generally accepted accounting principles ("GAAP"), we consider certain non-GAAP measures, including the following, which we use to evaluate our ongoing operations and for internal planning and forecas
Slide 28: Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets Kodiak AI, Inc. Condensed Consolidated Balance Sheets (In thousands, except par values; unaudited) (In thousands, except par values; unaudited) June 30, December 31, 2026 2025 Assets Current assets: Cash and cash equivalents $ 46,750 $ 50,761 Marketable securiti
Slide 29: Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income
Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income Kodiak AI, Inc. Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income (In thousands, except per share amounts; unaudited) (In thousands, except per share amounts; unaudited) Three Months Ended J
Slide 30: Condensed Consolidated Statements of Cash Flows
Condensed Consolidated Statements of Cash Flows Kodiak AI, Inc. (In thousands; unaudited) Condensed Consolidated Statements of Cash Flows (In thousands; unaudited) Six Months Ended June 30, 2026 2025 Operating activities: Net income (loss) $ 38,967 $ (241,911) Adjustments to reconcile net income (lo
Slide 31: Reconciliation of GAAP to Non-GAAP Financial Information
Reconciliation of GAAP to Non-GAAP Financial Information Kodiak AI, Inc. Reconciliation of GAAP to Non-GAAP Financial Information (In thousands; unaudited) (In thousands; unaudited) Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Research and development expense reconciliat
Slide 32: Selected Cash Flow Information
Kodiak AI, Inc. Selected Cash Flow Information Selected Cash Flow Information (In thousands; unaudited) (In thousands; unaudited) Reconciliation of cash provided by operating activities to free cash flow Reconciliation of cash provided by operating activities to free cash flow Three Months Ended Jun

Kodiak AI — Q2 2026 Earnings Presentation on 6ix

Kodiak Ai — Q2 2026 Earnings Presentation

Slide 1: Q2 2026 Earnings

Slide 2: Disclaimer

Slide 3: Scaling and Deploying Physical AI

Slide 4: Kodiak delivers AI-powered driving technology for the toughest driving jobs

Slide 5: Kodiak is at the Forefront of Physical AI

Slide 6: Q2 Performance Highlights

Slide 7: Six Quarters of Accelerating Driverless Operations

Slide 8: Key Updates

Slide 9: The Kodiak Driver: Industry Verticals & Pillars for Deployment

Slide 10: Deploying Autonomy Across Three Verticals

Slide 11: The Kodiak Driver: One AI Driver for Ground Autonomy

Slide 12: Differentiated Technology Allows Scaled Deployment Across Varied Environments

Slide 13: Successfully Executing Across Three Fundamental Pillars

Slide 14: Introducing Gen7: Our Most Advanced Platform

Slide 15: Go-to-Market Execution

Slide 16: The Largest Autonomous Freight Network in the U.S.

Slide 17: Scaling Manufacturing & Deployment

Slide 18: Scaling Driverless Operations in the Permian

Slide 19: International Pilot Launching with West Fraser

Slide 20: Safety, Validation & Policy

Slide 21: Preparing for Driverless Long-Haul Operations in late 2026

Slide 22: Financial Results

Slide 23: Key Financial Priorities

Slide 24: Q2 FY 2026 Financial Highlights

Slide 25: Q2 2026 Earnings

Slide 26: Appendix

Slide 27: Non-GAAP Financial Measures

Slide 28: Condensed Consolidated Balance Sheets

Slide 29: Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income

Slide 30: Condensed Consolidated Statements of Cash Flows

Slide 31: Reconciliation of GAAP to Non-GAAP Financial Information

Slide 32: Selected Cash Flow Information