Knightscope (KSCP) Earnings Date & Reports

Key Takeaways

• Knightscope reported third quarter 2026 revenue of $8.7 million, up 177% year over year, marking its third consecutive quarter of triple-digit growth.
• Net loss narrowed to $0.50 per share from $0.98 per share a year earlier, helped by a significantly higher share count and positive gross margin.
• Gross margin swung to a positive $0.4 million (5% of revenue), compared with a gross loss of $1.6 million in the third quarter of 2025.
• Service revenue jumped 349% to $8.6 million, including $6.6 million from the newly integrated Knightscope Security Force (KSF).
• The company secured a record approximately $27 million in renewals, bookings, and client awards since May 2026.
• Cash and cash equivalents stood at $6.8 million at quarter end.
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Earnings Context and Why It Matters

Knightscope, the security technology company building what it calls the nation's first Autonomous Security Force, has entered a new growth phase following its February 2026 acquisition of Event Risk. That deal added licensed security agents to its existing lineup of autonomous robots, software, and remote monitoring, creating a unified managed-services offering. Investors are watching whether this integrated model can sustain rapid revenue expansion while steadily improving profitability. The third quarter of 2026 was an important test of that thesis, coming after two consecutive record quarters. With the company still operating at a net loss and carrying a modest cash balance, the results also matter for gauging how efficiently management is converting its growing bookings into revenue and whether its cost discipline is translating into meaningful margin progress.

Reported Results

Knightscope reported third quarter 2026 revenue of $8.7 million, up 177% from $3.1 million in the prior-year period. Service revenue rose 349% to $8.6 million, including $6.6 million from Knightscope Security Force, while product revenue declined to $0.1 million from $1.2 million a year earlier. Analysts had, on average, expected revenue of roughly $8.85 million, making the result a slight shortfall.

On the bottom line, the company posted a net loss of $11.8 million, or $0.50 per share, based on 23.6 million weighted average shares outstanding. That compared with a net loss of $9.5 million, or $0.98 per share, on 9.8 million weighted average shares in the third quarter of 2025. The narrower per-share loss came in modestly better than the consensus estimate of a roughly $0.53 loss, though the larger share count played a meaningful role.

Gross margin was $0.4 million, or 5% of revenue, versus a gross loss of $1.6 million a year earlier. Operating expenses totaled $12.0 million, or 138% of revenue, down from 254% of revenue in the prior-year period. Research and development (R&D) expense declined 5% to $3.6 million, while sales, general and administrative (SG&A) expense was $8.4 million, including costs tied to the GSX 2026 launch and higher intangible asset amortization from the KSF acquisition.

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Market Reaction and Investor Sentiment

Sentiment around Knightscope has been shaped by a clear tension: rapid top-line growth and improving gross margins on one side, against persistent net losses and a shrinking cash balance on the other. The third quarter reinforced both themes. Revenue growth remained robust, and the company's swing to positive gross margin for a third consecutive quarter signals real operational progress. At the same time, cash and cash equivalents fell to $6.8 million from $8.2 million at the end of the second quarter, keeping cash burn in focus. Investors are likely to weigh the record $27 million in secured renewals and bookings favorably, while monitoring how quickly that pipeline converts into recognized revenue and whether margin gains continue into the fourth quarter.

Forward Outlook and Key Factors to Monitor

The company's near-term narrative centers on execution. Management has pointed to three priorities for the second half of 2026: beginning initial deployments of the K7 autonomous security robot, launching the Signals orchestration platform, and sustaining the momentum of its recent record quarters. K7 manufacturing has now commenced at Knightscope Headquarters, with deployments targeted for the fourth quarter, giving investors a concrete catalyst to track.

Bookings conversion will be equally important. The roughly $27 million in renewals, bookings, and client awards secured since May represents a meaningful revenue runway, but the pace at which those contracts translate into recognized revenue will determine whether the current growth trajectory can continue. Investors should also watch service gross margin, which reached 8% in the third quarter, as a signal of whether the integrated Security Force model can keep driving profitability higher.

Finally, the balance sheet warrants attention. With $6.8 million in cash at quarter end, how the company funds its continued R&D investment and K7 rollout — while managing integration costs from the KSF acquisition — will be a key factor shaping investor confidence in the quarters ahead. The fourth quarter will provide an early read on whether the company's fourth consecutive quarter of triple-digit growth is achievable.

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