Knightscope revenue jumps 177% to $8.7 million in third quarter
Key Facts
Knightscope reported revenue of $8.7 million in the third quarter of 2026, up 177% from $3.1 million in the same period of 2025, according to the earnings release carried by Business Wire via Yahoo Finance. The company said the quarter marked its third consecutive period of triple-digit year-over-year revenue growth. Expansion was driven mainly by higher service revenue, while product revenue declined from a year earlier. Gross profit also moved into positive territory after the company posted a gross loss a year ago. The results show growth in revenue and an improvement in gross margin, while the company said converting renewals, bookings and awards into revenue is a priority for the next phase.
Service revenue was $8.6 million, up 349% year over year, including $6.6 million from Knightscope Security Force, according to the release. By contrast, product revenue fell to $0.1 million from $1.2 million in the third quarter of 2025. The divergence between revenue components shows that the overall increase came from services, not products. The available facts in the release did not include a comparison with analyst estimates, so the growth figures alone do not establish that results beat expectations. The company had previously announced that results for the quarter ended Sept. 30 would be released after the market close on Nov. 12, 2026.
The company posted gross profit of $0.4 million, equal to 5% of revenue, compared with a gross loss of $1.6 million in the third quarter of 2025, according to the earnings release. The move to a positive gross margin marked a change from the year-earlier period, alongside revenue growth and a higher contribution from services. Cash and cash equivalents totaled $6.8 million at the end of the quarter. Together, the figures show two aspects of the financial position: gross margin improved from a loss to a profit, and the company reported a cash balance at period-end. The available facts did not include other figures for expenses or net income, so this comparison is limited to revenue, gross margin and cash.
Against the backdrop of that growth, Knightscope said revenue for the first nine months of 2026 was about $23.7 million, up 170% from $8.8 million in the same period of 2025, according to a filing with the U.S. Securities and Exchange Commission. An earlier filing showed second-quarter revenue of $9.0 million, up 228% from $2.7 million a year earlier, and described the quarter as the second consecutive time the company had achieved a quarterly record. These figures provide context for revenue growth during the year, with growth rates varying across periods. The company describes its business as “machines, software and people,” and its shares are listed on Nasdaq under the ticker KSCP. The available information does not attribute the stock’s Nov. 11 session move to results whose scheduled release date had not yet arrived.
Chief Executive William Santana Li said the company is focused on converting about $27 million in renewals, bookings and customer awards secured since May 2026 into revenue. He linked that effort to expanding with existing customers and improving margins, according to the earnings release. The company also announced that it had begun manufacturing the K7 at its headquarters, saying the move is intended to accelerate deployments during the fourth quarter of 2026. The announcement puts manufacturing and deployment among its next steps, alongside converting business it said it had won or renewed into revenue. The company had announced that results would be released after the market close on Nov. 12, 2026.