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KSCP

Knightscope, Inc.

KSCP

Knightscope, Inc. • NASDAQ
$4.85 ▲ 0.21% (+0.01)
Market Cap $39.70 M
52w High $18.24
52w Low $2.45
Dividend Yield 0%
P/E -1.26
Volume 71.47K
Outstanding Shares 8.19M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $3.131M ▲ $7.838M ▲ $-9.539M ▼ -304.663% ▼ $-0.98 ▼ $-8.838M ▼
Q2-2025 $2.749M ▼ $5.239M ▼ $-6.329M ▲ -230.229% ▲ $-0.9 ▲ $-5.637M ▲
Q1-2025 $2.917M ▲ $6.16M ▲ $-6.897M ▲ -236.442% ▲ $-1.28 ▲ $-6.16M ▼
Q4-2024 $2.813M ▲ $5.9M ▼ $-6.967M ▲ -247.672% ▲ $-2.35 ▲ $-6.11M ▲
Q3-2024 $2.535M $7.041M $-10.904M -430.138% $-3.58 $-7.094M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $20.389M ▲ $41.062M ▲ $14.165M ▲ $26.897M ▲
Q2-2025 $8.211M ▼ $29.22M ▼ $14.105M ▲ $15.115M ▼
Q1-2025 $12.661M ▲ $29.81M ▲ $11.647M ▼ $18.163M ▲
Q4-2024 $11.124M ▲ $28.185M ▲ $12.404M ▼ $15.781M ▲
Q3-2024 $5.199M $24.922M $15.667M $9.255M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-9.539M ▼ $-7.87M ▼ $-706K ▲ $20.754M ▲ $12.178M ▲ $-8.576M ▼
Q2-2025 $-6.329M ▲ $-5.49M ▲ $-737K ▼ $1.777M ▼ $-4.45M ▼ $-6.227M ▲
Q1-2025 $-6.897M ▲ $-6.375M ▼ $-449K ▲ $8.259M ▼ $1.435M ▼ $-6.375M ▼
Q4-2024 $-6.967M ▲ $-5.076M ▼ $-698K ▲ $11.699M ▲ $5.925M ▲ $-5.107M ▼
Q3-2024 $-10.904M $-4.735M $-717K $8.027M $2.575M $-4.743M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Product
Product
 $0 ▲$0 ▲$0 ▲$0 ▲
Service
Service
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Knightscope still looks very much like an early‑stage, scale‑up business on the income statement. Revenue remains very small and has not yet ramped in a meaningful way. The company has not been generating positive gross profit, which suggests that its current contracts and deployment levels are not yet covering core delivery costs. Operating losses and net losses have been steady and persistent over several years, reflecting ongoing spending on development, sales, and overhead without enough revenue scale to absorb those costs. The extremely large per‑share loss figures are heavily influenced by the recent reverse stock split and do not on their own signal a sudden change in underlying performance, but they do underscore that profitability is still far away at current scale.

Balance Sheet

Balance Sheet The balance sheet is small and relatively thin, consistent with a young, niche technology company. Total assets have crept up over time, but remain limited, and cash is modest. Debt exists but is not overwhelming in absolute terms; however, given the company’s small size and ongoing losses, even moderate leverage can matter. A notable positive change is that shareholder equity has moved from negative to positive in recent years, likely due to capital raises and balance sheet clean‑up after the IPO and subsequent financing activities. Even so, Knightscope does not appear to have a deep financial cushion, so its ability to withstand prolonged cash burn without new funding looks constrained.

Cash Flow

Cash Flow Cash flow shows a clear pattern: the business is consistently consuming cash rather than generating it. Operating cash flow has been negative every year in the period shown, indicating that day‑to‑day operations are not self‑funding. Free cash flow is also negative throughout, with only modest capital spending, which implies that the primary driver of cash burn is operating losses rather than heavy investment in equipment or facilities. This means Knightscope has depended, and likely will continue to depend, on external financing—equity or debt—to support its growth and ongoing development until it can scale revenue enough to cover its cost base.

Competitive Edge

Competitive Edge Knightscope operates in an emerging niche: autonomous security and protection services. Its main strength is a tightly integrated system that combines purpose‑built robots, sensor suites, and cloud software into a single offering, delivered largely on a subscription basis. Years of real‑world deployment give it a valuable data advantage and practical experience many newer entrants lack. The machine‑as‑a‑service model can create sticky, recurring relationships if customers see clear value and reliability. That said, the market is still young, with several specialized competitors and the potential for larger security or technology firms to move in. Knightscope’s challenge is to prove clear cost savings and security benefits versus traditional guards and cameras, maintain technical reliability in the field, and scale its installed base faster than rivals in what could become a winner‑takes‑most segment.

Innovation and R&D

Innovation and R&D Innovation is where Knightscope stands out most clearly. Its robots combine multiple sensors—video, audio, thermal, and license‑plate recognition—with AI‑driven analytics and a centralized operations platform that lets clients monitor and interact with the devices in real time. The product family covers both indoor and outdoor environments, with a future multi‑terrain model aimed at more rugged sites. The partnership with Palantir and the push toward federal security standards signal a strategic move into government and critical‑infrastructure markets, where compliance and trust are essential. Ongoing improvements in AI, anomaly detection, and system integration, plus additional partnerships, will be key to maintaining a technological edge and turning that innovation into durable, revenue‑generating deployments.

Summary

Overall, Knightscope looks like a high‑innovation, early‑stage security technology company that is still searching for commercial scale and financial stability. The technology, data, and machine‑as‑a‑service model provide a compelling story and potential competitive moat, especially if the company can deepen its presence in enterprise and government markets. On the other hand, the financials show a business that is small, consistently loss‑making, and reliant on external funding, with no clear evidence yet of operating leverage or sustained profitability. The core question going forward is execution: can Knightscope convert its technical lead and partnerships into a much larger installed base, higher‑margin recurring revenue, and eventually positive cash flow before its balance sheet is stretched too far? The opportunity is significant, but so are the risks and uncertainties typical of a young, unprofitable technology platform in a developing market.

NEWS

November 13, 2025 · 9:00 AM UTC

Knightscope Unveils the All-New K7 Autonomous Security Robot

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November 13, 2025 · 6:00 AM UTC

Knightscope Reports 24% YoY Revenue Growth for 3Q 2025

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November 12, 2025 · 9:40 AM UTC

Knightscope Achieves Another $1 Million in New Sales and Renewals Expanding Recurring Revenue Base

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October 14, 2025 · 9:20 AM UTC

Knightscope Surpasses Yet Another $1M Milestone in New Sales Won and Renewals

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September 8, 2025 · 8:40 AM UTC

AITX's RAD-M Appoints Former Knightscope Co-Founder Stacy Stephens as Senior Vice President of Sales

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