Knightscope Says Preliminary Unaudited Revenue Rose 177% to $8.7 Million
Key Facts
Knightscope said in a statement published via Business Wire on October 20, 2026, that preliminary unaudited third-quarter revenue reached about $8.7 million, up 177% year on year. Revenue in the corresponding period of 2025 was about $3.1 million, according to the company statement, which covered quarterly and year-to-date revenue estimates. For the first nine months of 2026, preliminary revenue reached about $23.7 million, compared with about $8.8 million in the corresponding period. That represents year-on-year growth of 170% in year-to-date revenue, according to the figures Knightscope announced. The company is still reviewing third-quarter gross margin, operating expenses, net loss and cash figures.
The preliminary quarterly revenue was below the level recorded in the second quarter of 2026, when Knightscope reported revenue of $9.0 million, according to its earnings release filed with the U.S. Securities and Exchange Commission. Revenue for that quarter rose 228% year on year, compared with about $2.7 million in the corresponding period of 2025. The company attributed second-quarter growth to a full-quarter contribution from its "Security Force" business, the explanation it gave for that period's performance. Its quarterly report showed that a decline in autonomous security robot subscription revenue partially offset the increase in services revenue during the same quarter. Knightscope completed its acquisition of Event Risk on February 27, 2026, before the period covered by its second-quarter results.
On profitability, second-quarter gross profit was $0.7 million, equivalent to a margin of 7% of revenue, according to the quarterly report filed with the U.S. regulator. Operating expenses during the same period rose to $13.8 million from $5.4 million in the corresponding quarter a year earlier, according to the earnings release. The company posted a net loss of $14.1 million in that quarter, alongside the year-on-year increase in revenue and operating expenses. Cash and cash equivalents stood at $8.2 million at the end of the second quarter, according to the balance the company reported for that period. Revenue expansion in the previous quarter's results was thus accompanied by continued losses, while the profit, expense and liquidity figures cited relate to that financial period.
In a separate business update issued in September, Knightscope said estimated total renewals, bookings and customer awards reached about $27 million during the period from May 20 to September 18, 2026. The reported business activity included 109 contracts and awards across 7 sectors, according to the update the company filed with the U.S. Securities and Exchange Commission. The company estimated new business within that total at about $7.5 million, representing 28% of the business metric reported for that period. The total activity Knightscope presented combines business renewals, bookings and customer awards, rather than new business alone. The company stressed in the update that this metric "is not a measure of revenue or backlog," a distinction that puts the reported business value in context.
Knightscope describes its business model on its investor relations website as a unified security service combining hardware, software and people through AI-led integration. According to the company's published description, these components together form part of the security service it provides, encompassing both the technological and human elements of its business model. Recurring revenue accounts for about 96% of its revenue mix, according to the approximate share displayed on its investor relations website. That mix spans operations combining security services and autonomous security robot subscriptions, as shown in the business details in its second-quarter report. In that quarter, the services business contributed to revenue growth, while robot subscription revenue moved in the opposite direction, according to the company's explanation of its business performance.
On products, Knightscope announced that its "Signals" platform had become operational, according to a separate statement about the platform published via Business Wire. The chief executive said its use had begun at the company's headquarters, explaining that it was protecting the headquarters as its first operating site. Describing the platform's status, he said it was "already operating and protecting our headquarters first," referring to the start of its operation within the company. Knightscope plans to hold a public live demonstration of the platform on Thursday, November 5, 2026, according to the date set in its announcement. The demonstration is scheduled to begin at 13:00 Pacific time, making it the next announced showcase for the platform after it began operating at headquarters.