XML 142 R23.htm IDEA: XBRL DOCUMENT v3.25.3
Revenues
 9 Months Ended 12 Months Ended
Sep. 30, 2025
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]    
Revenues
13. Revenues
The Company’s revenues are primarily derived from (i) providing DaaS to customers, (ii) delivering freight via Kodiak-owned autonomous trucks powered by the Kodiak Driver, and (iii) providing ground autonomy solutions
 
 
to the U.S. Army. The Company recognizes revenue when customers obtain control of promised services in an amount that reflects the consideration the Company expects to receive for those services.
Disaggregation of Revenues
The Company’s revenues were generated from customers located in the U.S. For the three and nine months ended September 30, 2025, DaaS represented 68% and 34% revenues, while freight delivery represented 32% and 29% of revenues, respectively. Ground autonomy solutions represented 0% and 36% of revenues for the three and nine months ended September 30, 2025, respectively. For the three and nine months ended September 30, 2024, all revenues were generated from freight delivery.
The Company’s contracts with a duration of one year or more consisted entirely of a DaaS contract as of September 30, 2025. The aggregate amount of the transaction price allocated to unsatisfied performance obligations was $11.0 million as of September 30, 2025, which is expected to be recognized ratably for each DaaS contract and through September 2029.
Contract Balances
As of September 30, 2025 and December 31, 2024, the Company did not have any material amounts related to unbilled receivables or contract assets. The Company’s contract liabilities were $
0.3
 
million as of September 30, 2025 and were not material as December 31, 2024. Contract liabilities were included in
accrued expenses and other current liabilities
and
other liabilities
on the condensed consolidated balance sheets.
14.
Revenues
The Company’s revenues are primarily derived from (i) demonstrating and providing ground autonomy solutions to the U.S. Army, (ii) delivering freight via Kodiak-owned autonomous trucks powered by the Kodiak Driver, and (iii) providing DaaS to customers. The Company recognizes revenue when customers obtain control of promised services in an amount that reflects the consideration the Company expects to receive for those services.
Disaggregation of Revenues
For the years ended December 31, 2024 and 2023, the Company’s revenues were generated from customers located in the U.S. Ground autonomy solutions represented 89% of revenues for each of the years ended December 31, 2024 and 2023. The remaining revenues were substantially related to freight delivery for the year ended
 
December 31, 2024 and entirely to freight delivery for the year ended December 31, 2023. Revenues related to DaaS were immaterial for the year ended December 31, 2024 and $0 for the year ended December 31, 2023.
The Company recognized revenue disaggregated by timing as follows for the periods presented (in thousands):
 
    
December 31,
  
    
2024
     
2023
  
Point in time
    $  14,839      $  16,946  
Over time
      94        —   
  
 
 
     
 
 
  
Total revenues
    $  14,933      $  16,946  
  
 
 
     
 
 
  
Contract Balances
As of December 31, 2024 and 2023, the Company did not have any material amounts related to unbilled receivables or contract assets.
As of December 31, 2024 and 2023, the contract liability was $0 and $1.1 million, respectively, which was included in accrued expenses and other current liabilities on the balance sheets. For the year ended December 31, 2024, the Company recognized revenue of $1.1 million that was included in the corresponding deferred revenue balance at the beginning of the year.