NASDAQ: KSCP
Knightscope, Inc.CIK 0001600983 · SIC 3669 · Communications Equipment NEC
Our mission is to make the United States of America the safest country in the world. We serve clients across commercial, government, healthcare, education, transportation, and residential markets. About this business →
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Knightscope unveils $123.5M performance pay plan tied to market cap milestones up to $3B
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Knightscope doubles revenue to $6.0M via Event Risk acquisition, but cash burn jumps 106.2%
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revenue $11.3M, net income -$33.8M. Knightscope acquires Event Risk for up, pivots to hybrid security model with human guards
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Latest financial statements
From 10-Q filed Aug 12, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Operations (Unaudited)
(In thousands, except share and per share data)
| Description | Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| Revenue, net | ||||
| Service | 8,638 | 2,079 | 12,810 | 4,187 |
| Product | 386 | 670 | 2,230 | 1,479 |
| Total revenue, net | 9,024 | 2,749 | 15,040 | 5,666 |
| Cost of revenue | ||||
| Service | 7,750 | 2,844 | 11,992 | 5,600 |
| Product | 610 | 823 | 1,919 | 1,652 |
| Total cost of revenue | 8,360 | 3,667 | 13,911 | 7,252 |
| Gross margin (loss) | 664 | (918) | 1,129 | (1,586) |
| Operating expenses: | ||||
| Research and development | 6,041 | 2,099 | 10,722 | 4,224 |
| Sales, general and administrative | 7,716 | 3,251 | 13,828 | 7,286 |
| Total operating expenses | 13,757 | 5,350 | 24,550 | 11,510 |
| Loss from operations | (13,093) | (6,268) | (23,421) | (13,096) |
| Other income (expense), net: | ||||
| Change in fair value of contingent consideration and acquisition-related liabilities | (1,003) | — | (1,003) | — |
| Interest expense, net | (69) | (73) | (84) | (154) |
| Other income, net | 75 | 12 | 98 | 24 |
| Total other income (expense), net | (997) | (61) | (989) | (130) |
| Net loss before income tax expense | (14,090) | (6,329) | (24,410) | (13,226) |
| Income tax expense | — | — | — | — |
| Net loss | (14,090) | (6,329) | (24,410) | (13,226) |
| Basic and diluted net loss per common share | (0.79) | (0.90) | (1.54) | (2.13) |
| Weighted average shares used to compute basic and diluted net loss per share | 17,925,096 | 6,995,145 | 15,814,335 | 6,204,242 |
Condensed Consolidated Balance Sheets
(In thousands, except share and per share data)
| Description | June 30, 2026 | December 31, 2025 |
|---|---|---|
| (unaudited) | (1) | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | 8,160 | 20,566 |
| Accounts receivable, net of allowance for credit losses of $402 and $212 as of June 30, 2026 and December 31, 2025, respectively | 4,465 | 2,142 |
| Inventory | 2,684 | 2,319 |
| Prepaid expenses and other current assets | 2,104 | 1,344 |
| Total current assets | 17,413 | 26,371 |
| Autonomous Security Robots, net | 8,020 | 7,707 |
| Property, equipment and software, net | 1,419 | 1,064 |
| Operating lease right-of-use-assets | 2,915 | 2,745 |
| Goodwill | 9,598 | 1,922 |
| Intangible assets, net | 16,022 | 924 |
| Other assets | 539 | 525 |
| Total assets | 55,926 | 41,258 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | 3,417 | 2,538 |
| Accrued expenses and other current liabilities | 8,617 | 1,822 |
| Deferred revenue | 1,862 | 1,286 |
| Operating lease liabilities, current | 790 | 555 |
| Debt obligations, current | 337 | 405 |
| Total current liabilities | 15,023 | 6,606 |
| Non-current liabilities: | ||
| Debt obligations, net of debt issuance costs of $199 and $238 as of June 30, 2026 and December 31, 2025, respectively | 4,054 | 4,015 |
| Operating lease liabilities, noncurrent | 2,769 | 2,805 |
| Contingent consideration and other noncurrent liabilities | 4,485 | 66 |
| Total liabilities | 26,331 | 13,492 |
| Commitments and contingencies (Note 8) | ||
| Stockholders’ equity: | ||
| Preferred Stock, $0.001 par value; 40,000,000 shares authorized, no shares issued or outstanding | — | — |
| Class A Common Stock, $0.001 par value, 228,000,000 shares authorized as of June 30, 2026 and December 31, 2025, 19,495,747 and 12,194,078 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively | 19 | 12 |
| Class B Common Stock, $0.001 par value, 30,000,000 shares authorized as of June 30, 2026 and December 31, 2025, 290,095 and 336,424 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively | — | — |
| Additional paid-in capital | 280,993 | 254,761 |
| Accumulated deficit | (251,417) | (227,007) |
| Total stockholders’ equity | 29,595 | 27,766 |
| Total liabilities and stockholders’ equity | 55,926 | 41,258 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
(In thousands)
| Description | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|
| Cash Flows From Operating Activities | ||
| Net loss | (24,410) | (13,226) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 2,013 | 1,295 |
| Loss on disposal of Autonomous Security Robots | 125 | 36 |
| (Gain)/Loss on disposal of property and equipment | 30 | (17) |
| Stock compensation expense | 624 | 807 |
| Change in fair value of contingent consideration and acquisition-related liabilities | 1,003 | — |
| Warrants issued in exchange for consulting services | — | 43 |
| Change in allowance for credit losses | 190 | 16 |
| Accrued interest | 211 | 210 |
| Amortization of debt discount | 39 | 39 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (726) | (776) |
| Inventory | (366) | 55 |
| Prepaid expenses and other assets | (295) | (413) |
| Accounts payable | (178) | (350) |
| Accrued expenses and other current liabilities | (1,258) | 303 |
| Deferred revenue | (79) | (62) |
| Lease liabilities and other noncurrent liabilities | (22) | 175 |
| Net cash used in operating activities | (23,099) | (11,865) |
| Cash Flows From Investing Activities | ||
| Purchases and related costs incurred for Autonomous Security Robots | (1,323) | (1,005) |
| Knightscope Security Force acquisition, net of cash acquired | (5,497) | — |
| Purchases of property and equipment | (396) | (181) |
| Net cash used in investing activities | (7,216) | (1,186) |
| Cash Flows From Financing Activities | ||
| Proceeds from equity sale, net of issuance costs | 18,338 | 10,274 |
| Proceeds for the issuance of common stock and pre-funded warrants sold for cash, net of issuance costs | — | 1,436 |
| Repayments of debt obligations | (429) | (1,674) |
| Net cash provided by financing activities | 17,909 | 10,036 |
| Net change in cash and cash equivalents | (12,406) | (3,015) |
| Cash and cash equivalents at beginning of the period | 20,566 | 11,226 |
| Cash and cash equivalents at end of the period | 8,160 | 8,211 |
| Supplemental Disclosure of Cash Flow Information | ||
| Capital expenditures in accounts payable and other accrued expenses | 116 | 22 |
| Operating lease liabilities arising from obtaining right-of-use-assets | 481 | 2,901 |
| Contingent consideration and acquisition-related liabilities for Knightscope Security Force acquisition | 5,191 | — |
| Financing of insurance premiums | 361 | 591 |
Amounts as printed on the EDGAR/iXBRL face — (In thousands, except share and per share data); (In thousands). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗
About Knightscope, Inc.
Source: Item 1 (Business) from the 10-K filed March 27, 2026. Description as filed by the company with the SEC.
Item 1. Business
Overview
Our mission is to make the United States of America the safest country in the world. We serve clients across commercial, government, healthcare, education, transportation, and residential markets.
We are a security technology company headquartered in Sunnyvale, California. We provide integrated, technology-enabled security solutions designed to improve safety outcomes for our clients across the United States.
Our strategy is centered on building and delivering outcomes-driven safety through the integration of three core components that encompass our Knightscope Autonomous Security Force:
1.Hardware – ASRs, ECDs, and a variety of sensing technologies;
2.Software – cloud-based platform for real-time security monitoring, data analysis and event management, diagnostics tools designed to keep ECDs operational and reliable, and tools that enable the management and monitoring of ASRs in the field; and
3.Human– on premise licensed security personnel and remote monitoring with human-in-the-loop verification, escalation, and response.
We deliver these components as an integrated managed service. By combining hardware, software, and human personnel into a unified operational framework, we seek to provide clients with end-to-end accountability rather than fragmented security tools.
Our capabilities currently focus on deterrence, detection, and reporting. We are in the process of evolving our service model to “Deter, Detect, Respond” including response capabilities, where appropriate and legally permissible. Response capabilities, when provided, are intended to be conducted by properly licensed personnel and subject to applicable federal, state, and local laws.
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We believe that integrating humans as a delivery and operational mechanism for our autonomous systems enables our product suites to operate in a more multi-modal manner, consistent with how many clients structure security procurement with a multi-layer approach. Security buyers frequently expect the presence of licensed personnel as part of a comprehensive security program, and our model is designed to align with those expectations while incorporating automation and AI-driven technologies.
Recent Developments
On February 27, 2026, we completed the acquisition (the “Event Risk Acquisition”) of all the issued and outstanding membership interest of Event Risk LLC, an Indiana limited liability company (“Event Risk”) pursuant to a Securities Purchase Agreement (the “Event Risk Agreement”). As a result of the transaction, Event Risk became a wholly owned subsidiary of the Company. The aggregate purchase consideration consisted of (i) a $5.0 million cash payment at closing, (ii) repayment of Event Risk’s outstanding indebtedness of $1.1 million, (iii) the issuance of 1,724,418 shares of the Company’s Class A Common Stock, (iv) $4.0 million of deferred cash payments, payable in quarterly installments beginning March 31, 2027 through December 31, 2028 and (v) any post-closing purchase price adjustments.
See Note 11 to our financial statements, which are included in Item 8 “Financial Statements and Supplementary Data” of this Annual Report for additional information on the Event Risk Acquisition and “