Business
Knightscope Q1 Revenue Up 106% to $6M
SUNNYVALE, Calif., May 15, 2026--Knightscope, Inc. (NASDAQ: KSCP), a managed service provider building the nation’s first Autonomous Security Force, today reported financial results for the first quarter ended March 31, 2026.
About this update from Knightscope, Inc.
Strategic Acquisition Completes Operational Pillars of Autonomous Security Force SUNNYVALE, Calif., May 15, 2026--(BUSINESS WIRE)--Knightscope, Inc. (NASDAQ: KSCP), a managed service provider building the nation’s first Autonomous Security Force, today reported financial results for the first quarter ended March 31, 2026. "Q1 was a turning point for Knightscope. With the strategic acquisition of Event Risk, all four operational pillars of the Autonomous Security Force – autonomous machines, advanced software, real-time monitoring, and licensed security agents – are now in place," said William Santana Li, Chairman and Chief Executive Officer. "Revenue more than doubled from the same prior period year, gross margin turned positive, and the work of integrating these capabilities into a single unified force is underway. We are just getting started." First Quarter 2026 Financial Highlights Strategic Acquisition On February 27, 2026, Knightscope completed the acquisition of Event Risk, LLC for total purchase consideration of approximately $18.0 million, comprising $5.0 million in cash paid at closing, repayment of $1.1 million of the seller's outstanding indebtedness, the issuance of 1,724,418 shares of Class A Common Stock, $4.0 million in deferred cash payments through December 31, 2028, and contingent future consideration tied to post-closing performance through 2031. The transaction added licensed armed and unarmed security agent operations to the Autonomous Security Force, bringing all four operational pillars – autonomous machines, advanced software, real-time monitoring, and licensed security agents – in place under one company. The acquisition resulted in the recognition of $7.7 million in goodwill and $16.1 million in customer relationship and other intangible assets. Management believes the acquisition accelerates the Company's strategy to deliver a fully integrated Autonomous Security Force and expects the integrated business to be free cash flow generative over time. BRIEFING: Q1 2026 Financial Results Knightscope will host a webinar to discuss its first quarter 2026 financial results on Monday, May 18, 2026 at 1pm PT / 4pm ET. RSVP here. About Knightscope Knightscope, Inc. (NASDAQ: KSCP) is building the nation's first Autonomous Security Force – a unified force that integrates autonomous machines, advanced software, ...