Knightscope (KSCP) Q4 2025 earnings summary

Executive summary

• Revenue grew 5% year-over-year to $11.3 million, driven by service and ECD product sales.

• Net loss increased to $33.8 million from $31.7 million in the prior year, with an accumulated deficit of $227.0 million.

• Completed the acquisition of Event Risk LLC in February 2026, expanding licensed security services and workforce to over 400 employees.

• Significant supply chain constraints and higher input costs impacted production, revenue timing, and gross margins.

Financial highlights

• Service revenue rose 7% to $8.0 million; product revenue increased 1% to $3.4 million.

• Gross loss widened to $4.8 million, up from $3.7 million year-over-year.

• Research and development expenses surged 77% to $12.5 million, reflecting investment in new platforms.

• Cash and cash equivalents at year-end were $20.6 million, up from $11.1 million.

• Working capital stood at $19.8 million; stockholders’ equity at $27.8 million.

Outlook and guidance

• Management expects continued operating losses and negative cash flows, with substantial doubt about the ability to continue as a going concern without additional financing.

• Event Risk acquisition anticipated to improve cash generation and capital efficiency.

• Ongoing focus on scaling integrated security solutions and expanding licensed guarding capabilities.