Latest Ratios: P/E Ratio -0.8x · EV/EBITDA N/A · ROE N/A. (2023–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Market Cap | $939M | $996M | — | — |
| Enterprise Value | $925M | $982M | — | — |
| P/E Ratio → | -0.80 | — | — | — |
| P/S Ratio | 247.43 | 262.36 | — | — |
| P/B Ratio | — | — | — | — |
| P/FCF | — | — | — | — |
| P/OCF | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| EV / Revenue | — | 258.59 | — | — |
| EV / EBITDA | — | — | — | — |
| EV / EBIT | — | — | — | — |
| EV / FCF | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Gross Margin | -552.4% | -552.4% | 100.0% | 100.0% |
| Operating Margin | -2966.2% | -2966.2% | -413.3% | -317.8% |
| Net Profit Margin | -15420.7% | -15420.7% | -465.1% | -336.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| ROE | — | — | — | — |
| ROA | -600.6% | -600.6% | -169.7% | -123.0% |
| ROIC | — | — | — | — |
| ROCE | -164.3% | -164.3% | -345.2% | -171.4% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Debt / Equity | — | — | — | — |
| Debt / EBITDA | — | — | — | — |
| Net Debt / Equity | — | — | — | — |
| Net Debt / EBITDA | — | — | — | — |
| Debt / FCF | — | — | — | — |
| Interest Coverage | -27.50 | -27.50 | -13.03 | -9.53 |
Net cash position: cash ($51M) exceeds total debt ($36M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Current Ratio | 4.73 | 4.73 | 0.65 | 2.08 |
| Quick Ratio | 4.73 | 4.73 | 0.65 | 2.08 |
| Cash Ratio | 4.53 | 4.53 | 0.54 | 1.87 |
| Asset Turnover | — | 0.02 | 0.42 | 0.37 |
| Inventory Turnover | — | — | — | — |
| Days Sales Outstanding | — | 84.50 | 86.53 | 45.53 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Dividend Yield | — | — | — | — |
| Payout Ratio | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Earnings Yield | — | — | — | — |
| FCF Yield | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $91M | $181M | $181M |
Unsustainable cash burn rate
Based on reported figures, KDK trades at a P/S ratio of 247.43, a valuation level that appears detached from the company's 74.57% revenue contraction and suggests investors are pricing in a speculative recovery rather than current fundamental performance relative to industry peers.
The extreme P/S multiple indicates that the market is valuing KDK as a high-growth technology platform despite the lack of current commercial traction. This valuation likely assumes a successful pivot to a scalable software model, yet the current financial data provides little evidence to support such an optimistic outlook.
As reported in financial statements, KDK's gross margin of -552.38% highlights a fundamental inability to cover direct service costs, suggesting that the company's current pilot-heavy business model is not yet optimized for sustainable profitability compared to more mature software-as-a-service peers.
The persistent negative operating margins, which reached -2966.16% in recent periods, underscore the heavy reliance on R&D and manual oversight. This cost structure appears to be a structural hurdle that will likely require a significant shift toward automated software licensing to achieve any semblance of earning power.
According to recent SEC filings, KDK's asset turnover remains extremely low at 0.01, reflecting a capital-intensive deployment strategy that struggles to generate meaningful revenue from its existing asset base compared to the broader software application sector.
The erratic nature of the cash conversion cycle and DSO metrics suggests that the company's reliance on lumpy, milestone-based contracts creates significant operational friction. Investors should monitor whether these inefficiencies are temporary project-related issues or a permanent feature of the company's business model.
Based on the latest quarterly data, KDK's current ratio has fluctuated significantly, dropping to 3.69 in 2026Q1 from higher levels, which indicates that the company's liquidity position is highly sensitive to the rapid cash burn required to sustain its autonomous vehicle development.
While the current ratio may appear adequate on the surface, the underlying cash depletion rate suggests that the company's runway is narrowing. The lack of consistent cash inflows from operations means that the firm remains heavily dependent on external financing to maintain its current liquidity profile.
Investors frequently misapply the P/S ratio to KDK, which obscures the reality that current revenue is derived from non-recurring pilot contracts rather than sustainable software subscriptions, leading to a distorted view of the company's long-term commercial viability and growth potential.
Instead of relying on revenue multiples, analysts should focus on the 'Hardware-to-Software Cost Ratio' and 'Miles per Intervention' to gauge true progress. These metrics provide a more accurate assessment of whether the company is successfully transitioning toward a scalable, high-margin software business model.
Includes 30+ ratios · 3 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying KDK stock.
Kodiak AI, Inc. Common Stock's current P/E ratio is -0.8x. This places it at the 50th percentile of its historical range.
Based on historical data, Kodiak AI, Inc. Common Stock is trading at a P/E of -0.8x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Kodiak AI, Inc. Common Stock has -552.4% gross margin and -2966.2% operating margin.