Knightscope Reports 228% Revenue Growth to $9.0 Million, Net Loss of $14.1 Million in Latest Quarter

Knightscope, Inc. reported significant financial developments in its latest 10-Q filing for the quarter ending June 30, 2026. The company generated total revenue of $9.0 million, marking a 228% increase from $2.7 million in the same period last year. This growth was primarily driven by a substantial rise in service revenue, which surged to $8.6 million from $2.1 million, largely attributed to the acquisition of Event Risk LLC, which added security personnel and executive protection services to Knightscope's offerings. However, the company also reported a net loss of $14.1 million for the quarter, compared to a loss of $6.3 million in the prior year, reflecting ongoing operational challenges and increased expenses.

In terms of operational metrics, Knightscope's total costs of revenue rose to $8.4 million, up from $3.7 million a year earlier, primarily due to higher payroll costs associated with the newly integrated security workforce. The gross margin improved to $0.7 million, or 7% of revenue, compared to a gross loss of $0.9 million in the previous year. The company’s operating expenses also increased significantly, totaling $13.8 million, driven by higher research and development costs and increased sales, general, and administrative expenses related to the acquisition and integration of Event Risk.

Knightscope's acquisition of Event Risk, completed on February 27, 2026, for approximately $18 million, has been a pivotal strategic move. This acquisition not only expanded Knightscope's service offerings but also allowed the company to operate as a single reportable segment, integrating its autonomous security robots with human security services. The acquisition is expected to enhance the company's market position and cross-selling opportunities, particularly in bundled security services that require a human presence.

As of June 30, 2026, Knightscope reported cash and cash equivalents of $8.2 million, a decrease from $20.6 million at the end of 2025. The company has an accumulated deficit of $251.4 million and is actively seeking additional financing to support its operations and growth strategy. Management has indicated that it will pursue equity and debt financing options to meet its capital needs, although there is no guarantee that such financing will be available on favorable terms.

Looking ahead, Knightscope remains focused on enhancing its operational efficiency and expanding its market presence. The company acknowledges the challenges posed by supply chain volatility and rising input costs but is optimistic about the potential for improved cash flow generation from the newly acquired business. The integration of Event Risk is expected to bolster Knightscope's capabilities and support its long-term strategy of delivering comprehensive security solutions that combine technology and human oversight.