Warrant Liabilities (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2025

Dec. 31, 2024

Schedule of redeemable convertible preferred stock warrant liabilities

As of September 30, 2025, the Company had the following liability classified warrants to purchase shares of its common stock outstanding (in thousands, except exercise price per share):


	Shares Underlying Warrants		Exercise Price Per Share		Expiration Date
PIPE Warrants		17,769	$	12.00		9/24/2031
NRA Warrants		7,607	$	12.00		9/24/2031

Total outstanding		25,376

As of December 31, 2024, outstanding warrants to purchase the

Company’s redeemable convertible preferred stock were as follows (in thousands, except exercise price per share):


	Shares Underlying Warrants		Series of Redeemable Convertible Preferred Stock	Exercise Price Per Share		Expiration Date
Warrants issued with services agreement		486	Series A	$	0.001	August 2028
Warrants issued with debt arrangement		303	Series A	$	1.482	December 2028
Warrants issued with debt arrangement		540	Series A	$	1.482	June 2031
Warrants issued with 2022 Credit Facility		640	Series B-2	$	2.344	September 2032

Total outstanding		1,969

Kodiak AI, Inc. S-1/A