Knightscope Revenue Rises 177% to $8.7 Million, Beating Estimates
Key Facts
Knightscope reported revenue of about $8.7 million for the quarter ended September 30 on November 12, 2026, up 177% from $3.1 million a year earlier, according to the company’s filing with the U.S. Securities and Exchange Commission. The company said it was the third consecutive quarter of triple-digit year-over-year growth. Shares closed up 11.31% at $0.4449 in regular trading on the day of the announcement, according to the same coverage. Growth came as gross margin turned positive, while the company continued to post a net loss.
The increase in revenue came amid an expansion in activity over the year; revenue for the first nine months of 2026 was about $23.7 million, up 170% from $8.8 million in the corresponding period of 2025, according to the filing. Still, third-quarter revenue was below the previous quarter’s level: the company recorded $9.0 million in the second quarter of 2026, compared with $8.7 million in the third quarter. Second-quarter revenue was 228% higher than the $2.7 million recorded in the corresponding period of 2025. The results therefore combined strong year-over-year growth with a decline from the previous quarter’s revenue. The nine-month figures place quarterly performance within a broad annual growth trajectory, with results varying from quarter to quarter.
Gross profit turned positive at $0.4 million, equal to 5% of revenue, after a gross loss of $1.6 million in the third quarter of 2025, according to the report attributed to Reuters and the call transcript. The company attributed the improvement mainly to service revenue contributions following the acquisition of KSF. The shift reflects an improvement in gross margin alongside revenue growth, but did not prevent the dollar value of net loss from increasing. Net loss was $11.8 million, or $0.50 per share, compared with a loss of $9.5 million, or $0.98 per share, a year earlier. Loss per share declined from the prior period despite the increase in total net loss.
The revenue backdrop points to a growing contribution from security activity following the acquisition of KSF: the company said security revenue recorded after the acquisition totaled $9.2 million in the first six months of 2026. In the third quarter, service lines grew among the drivers the company linked to improved gross margin. The contrast highlights the reliance of revenue growth on services during the period, alongside a contraction in product sales. The second quarter recorded higher revenue than the third quarter, although both periods posted strong year-over-year growth.
Chief Executive William Santana Li said the company had secured about $27 million in renewals, bookings and customer awards since May 2026, and that the priority was converting this business into revenue, while expanding within existing customers and improving margins. The company added that it launched the “Autonomous Security Force” at GSX 2026, saying customers prefer to combine autonomous robots, AI-powered software and licensed security personnel in a single process. Management identified execution, expanding services with customers and growing recurring contracts as priorities. But it said it was not providing a specific timeline for reaching profitability, linking that goal to revenue growth, margin improvement and control of operating expenses. Converting renewals, bookings and awards into realized revenue remains central to the company’s stated priorities for the next phase.
The company also faces a deadline to regain compliance with Nasdaq’s bid price requirements. Nasdaq notified it on November 4, 2026, that it did not meet the minimum bid price of $1.00 per share and gave it until May 3, 2027, to regain compliance, according to SEC filing information cited by StockTitan. The coverage said the notice did not affect the stock’s listing at the time. This comes as the closing price reported in coverage of the November 12 session stood at $0.4449. The deadline presents a disclosed challenge for the company alongside its focus on converting contracted business and improving margins.