Latest Ratios: P/E Ratio -0.1x · 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 | $48M | $140M | — | — |
| Enterprise Value | $34M | $125M | — | — |
| P/E Ratio → | -0.12 | — | — | — |
| P/S Ratio | 12.71 | 36.76 | — | — |
| 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 | — | 32.99 | — | — |
| 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 | 100.0% | 100.0% | 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 | -106.97 | -106.97 | -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 | 1.90 | 1.90 | 0.54 | 1.87 |
| Asset Turnover | — | 0.02 | 0.42 | 0.37 |
| Inventory Turnover | — | — | — | — |
| Days Sales Outstanding | — | — | — | — |
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% | — | — | — |
| Total Shareholder Yield | 0.0% | — | — | — |
| Shares Outstanding | — | $91M | $58M | $63M |
Insolvency from capital depletion
As reported in financial statements, KDKRW trades at a P/S ratio of 13.36, a valuation that appears increasingly detached from the company's 74% year-over-year revenue decline and the absence of a clear, scalable path toward positive earnings or sustainable commercial growth in the autonomous trucking sector.
The current P/S multiple suggests that investors are pricing the firm based on speculative IP value rather than fundamental performance metrics. Given the lack of positive P/E or EBITDA, this valuation remains highly sensitive to market sentiment and the availability of external financing rather than operational success.
Based on the provided quarterly data, KDKRW's ROIC has deteriorated to -65.8% in 2026Q1, indicating that the company is failing to generate productive returns on its invested capital as it continues to burn through resources to fund its high-cost autonomous vehicle research and development initiatives.
The persistent negative ROIC trend underscores the structural difficulty of converting heavy R&D spending into a self-sustaining business model. Investors should monitor whether management can improve capital efficiency, as the current trajectory suggests that every dollar invested is currently eroding shareholder value rather than compounding it.
According to recent financial filings, the company's DSO has fluctuated significantly, reaching 74 days in 2025Q3, which suggests that the firm's ability to collect on its project-based contracts is inconsistent and potentially vulnerable to the payment cycles of its limited number of strategic logistics partners.
The lack of a stable cash conversion cycle highlights the company's reliance on lumpy, non-recurring revenue streams. This inefficiency in working capital management exacerbates the firm's liquidity challenges, as it must bridge the gap between high operational outflows and unpredictable, delayed inflows from pilot program partners.
As reported in financial statements, the current ratio has experienced extreme volatility, dropping from 8.65 in 2023Q4 to 3.69 in 2026Q1, reflecting a rapid depletion of liquid assets as the company struggles to maintain its operations without a reliable, recurring revenue engine to offset its burn.
While the current ratio may appear superficially adequate, the underlying cash burn rate suggests that the company's liquidity position is deteriorating faster than the headline numbers imply. The firm's reliance on cash reserves to fund ongoing development makes it highly susceptible to a liquidity crisis if capital markets tighten.
The 100% gross margin reported in several periods is the most commonly misapplied metric for KDKRW, as it obscures the true industrial cost of maintaining an autonomous fleet and likely misclassifies essential operational expenses as R&D, thereby masking the firm's actual unit-level economic viability.
Analysts should instead focus on the operating margin and cash burn rate to understand the company's true financial health. Relying on gross margin in this context provides a false sense of profitability that ignores the heavy, ongoing capital and operational requirements inherent in the autonomous trucking business model.
Includes 30+ ratios · 3 years · Updated daily
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Quick answers to the most common questions about buying KDKRW stock.
Kodiak AI, Inc. Warrants's current P/E ratio is -0.1x. This places it at the 50th percentile of its historical range.
Based on historical data, Kodiak AI, Inc. Warrants is trading at a P/E of -0.1x. 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. Warrants has 100.0% gross margin and -2966.2% operating margin.