KDK NASDAQ

Of US companies ranked in the second-riskiest tenth, about 1 in 87 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $0.05 (down 96%), Kodiak AI, Inc. Common Stock would be worth roughly what it owes.
Total debt $47.8M against a stock market value of $224.7M.
Distance to default 2.40 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $29.6M (short-term plus half of long-term), stock volatility 88.3%; Altman Z'' -21.49. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.