AACT
Ares Acquisition Corporation II9.49
+0.61+6.87%
Sep 24, 4:00:02 PM EDT
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
587.05MP/E (TTM)
36.50Basic EPS (TTM)
0.26Dividend Yield
0%Recent Filings
10-K
8-K
Doubles driverless trucks to 20
Kodiak AI doubled its driverless truck deployment to 20 vehicles for Atlas Energy Solutions in Q4 2025, hitting over 10,700 cumulative paid driverless hours—a 106% jump from Q3. Revenue climbed 37% quarter-over-quarter to $1.1 million, while free cash flow beat guidance at negative $34 million. Deployment scales fast. A $30 million debt refinancing bolsters its $120.7 million cash position ahead of 2026 long-haul launch.
8-K
$30M venture loan closed
Kodiak AI and subsidiary closed a $30M senior secured term loan with Horizon Technology Finance on December 31, 2025, repaying prior debt while funding working capital. Interest-only payments run through July 2028 at prime +3.50% (floor 6.50%), maturing January 2030 with $1.2M final fee. Assets secure it; covenants bind operations tightly. Default accelerates everything.
10-Q
Q3 FY2025 results
Kodiak AI posted Q3 revenue of $0.8M, up 93% y/y from $0.4M, fueled by DaaS ramp-up with Atlas (68% of sales) while freight added 32%; YTD revenue hit $2.7M, +124% y/y. Operating loss widened to $30M from $18M y/y on scaling R&D and ops, yet cash swelled to $146M post reverse recap on Sep 24 for $171M net proceeds (cash/stock per Note 3), no goodwill noted. Debt sits at $33M principal ($22M current), with $10M second lien at 16.25% due Oct 2026. Net loss exploded to $270M from fair-value hits on warrants and preferred issuance, dwarfing $30M ops loss. Customer concentration bites hard.
8-K
Doubles driverless trucks to 10
Kodiak AI doubled its driverless truck deployment to 10 with Atlas Energy Solutions in Q3 2025, boosting cumulative paid driverless hours over 5,200—a 166% jump from Q2. Revenues hit $770K amid $146.2M cash post-Nasdaq debut via Ares merger. Losses widened to $270M from one-offs, yet ops scale toward long-haul launch H2 2026. Cash fuels the push.
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