KSCP
****Sponsored by Knightscope, Inc.
Knightscope Reports 2025 Results, Advances Autonomous Security Force
Knightscope Quadruples Workforce to Over 400 Strong; Company Approves Inducement Grants Under Nasdaq Rule 5635(c)(4)
Knightscope Closes Acquisition of Event Risk; Nation's First Autonomous Security Force Begins Scaling at Full Force
READ THE INVESTOR PRESENTATION HERE
________________________
Hello Everyone,
The company we are covering today has planted its flag in one of the most underserved and consistently overlooked sectors of the American economy.
Autonomous technology and physical security are colliding to produce one of the most significant infrastructure shifts of the last generation.
When AI and robotics are delivered as a managed service converges on a single market, the result is an enormous opportunity. Not just for the companies building the technology and for the clients receiving the offering, but for investors who can identify a structural shift before it becomes consensus.
According to multiple market research reports, the US physical security market is estimated at $230 billion, when viewed through the lens of providing it through a managed service provider as Knightscope has outlined. It is enormous, deeply entrenched, and almost entirely untouched by real innovation.
That market cuts across every corner of the American economy. Government, healthcare, education, retail, critical infrastructure, residential communities. All of it built on recurring, non-discretionary spend. Security is not a budget line companies eliminate. It is a legal obligation, a liability concern, and a fundamental operational requirement.
Yet for all of that scale, the industry is fundamentally broken. A single security guard costs between $25 and $65 per hour. Cover one location around the clock and that becomes $220,000 to $570,000 per year. For police departments, 24/7 coverage at a single post runs $438,000 to $1.3 million annually.
And all of that spending is not buying real security. Fewer than 2% of the tens of millions of surveillance cameras deployed across the US are being watched live. Guards, cameras, sensors, and software operate in disconnected silos with no unified accountability and no one owning the outcome.
The forces behind every major technology disruption of the past two decades, falling hardware costs, rising labor costs, and rapidly maturing AI capabilities, are now converging on a $230 billion market that has gone essentially untouched for decades with no real innovation.
What follows is a structural reset. And a once-in-a-generation opportunity for the company positioned to lead it.
What we are looking at today has no direct precedent in the American market. A fully managed security service built around autonomous robots, AI-driven software, and trained security agents (armed and unarmed), all operating as one integrated system.
A platform that does not just sell technology. It deters, detects, and responds to threats in real time, and it takes full accountability of the outcome for every client it serves with an audit trail
Autonomous security robots. AI-powered command software managing potentially thousands of simultaneous deployments. Trained security agents embedded in every contract. The total addressable opportunity for this kind of integrated platform is virtually without limit.
Across the physical security and autonomous technology sector, organizations are moving fast to eliminate fragmented, reactive, human-only systems and replace them with AI-enabled autonomy at scale.
This is not a slow-moving transition. It is a hard shift, driven by labor costs that are no longer sustainable, mounting accountability demands, and autonomous systems that outperform legacy models on cost, speed, and reliability.
The result is surging demand for American-built autonomous security systems capable of delivering real intelligence, deterrence, and response at scale. Knightscope, Inc. (NASDAQ: KSCP) is already operating inside that transformation.
Eight consecutive months above $1 million in new sales and renewals. 24% year-over-year revenue growth. A workforce that now exceeds 400 personnel with equity participation, for both manufacturing technicians to security agents, acting as one team. The Event Risk acquisition closed. A next-generation K7 platform set to launch in the second half of 2026. KSCP is converting structural advantages into real, accelerating traction.
The integrated ecosystem, autonomous robots, planned AI-driven Signals software, and augmented security agents working in concert, positions Knightscope not as another robotics vendor, but as the nation's first end-to-end Autonomous Security Force.
While competitors remain stuck as technology-only vendors with no accountability for outcomes, or find themselves disqualified from major RFPs, Knightscope, Inc. (NASDAQ: KSCP) is closing acquisitions, scaling revenue, and embedding itself deeper into the next generation of American security infrastructure.
The company recently held its first annual Autonomous Security Force Day - watch the video and you can see and feel the energy and momentum.
KSCP has some major catalysts in play right now:
- Workforce Quadrupled to 400 With Equity Participation: Knightscope recently grew its workforce to over 400 personnel, issuing equity inducement grants to 320 employees across 290 frontline security agents and 30 supervisors. Security is a sector defined by extreme turnover. Building an ownership culture through equity participation is a direct competitive advantage. The expansion directly strengthens the company's recurring revenue base nationwide.
- 24% Year-Over-Year Revenue Growth: Q3 2025 revenue was $3.1 million, up 24% from the prior year period. Full-year 2025 revenue is estimated at $11 million. This company is well past the concept stage. The revenue is real and the growth trajectory is accelerating.
- Acquisition of Event Risk Officially Closed: Knightscope has completed its acquisition of Event Risk, a nationwide armed and unarmed security guarding company with consistent double-digit growth, strong client retention, and established relationships with Fortune 1000 companies, national brands, and high-profile individuals. The playbook is straightforward: every acquired guarding company becomes an immediate deployment channel for autonomous machines. Human guards transition into Augmented Security Agents. Static posts get replaced by robots. Watch the interview for more insights.
- Eight Straight Months Above $1M in New Sales and Renewals: From April through December 2025, Knightscope cleared $1 million in new contracts, renewals, and expansions in every single month. One standout month crossed $2 million. That kind of consistency is not a coincidence. It is a pattern..
- Balance Sheet Materially Improved: As of September 30, 2025, KSCP held $20.4 million in cash, a $15.2 million improvement compared to the same point the prior year.
- A $230 Billion Market With Almost No Real Competition: Knightscope operates across the largest and least disrupted segments of the American economy. The total addressable market spans public safety and government ($57B), retail and hospitality ($38B), critical infrastructure ($37B), enterprise ($34B), education ($21B), transit and smart cities ($20B), residential and community security ($18B), and healthcare ($7B).
- Next-Generation Hardware and Software Launching H2 2026: The all-new K7 Autonomous Security Robot, K1 Capsule, and K1 Super Tower are all on track for limited release in the second half of 2026. All three are integrated with the AI-driven Signals software platform under development, designed to unlock markets the current fleet cannot yet serve: critical infrastructure, logistics yards, solar farms, defense installations, and large outdoor environments.
- Strategic Partnership With Palantir Technologies: In 2025, Knightscope signed a two-year agreement with Palantir Technologies (NASDAQ: PLTR) and joined Palantir's FedStart program. Palantir does not extend partnerships to companies that are not ready to operate inside mission-critical environments.
Knightscope Reports 2025 Results, Advances Autonomous Security Force
Monday, March 30, 2026
Strategic Acquisition Expands Platform for Significant Recurring Revenue Growth
Full Year 2025 Financial Highlights
- Total revenue increased 5% to $11.3 million. Service revenue increased 7% to $8.0 million and represented approximately 70% of total revenue. Product revenue increased to $3.4 million.
- Gross Loss: $(4.8) million, compared to $(3.7) million in 2024.
- Operating Expenses: $29.1 million, up from $26.0 million in 2024.
- Net Loss: $(33.8) million, compared to $(31.7) million in 2024.
- Cash & Cash Equivalents: $20.6 million as of December 31, 2025, up from $11.1 million in 2024.
Management Perspective
"2025 marked a pivotal transition for Knightscope as we expanded from developing advanced security technologies to deploying the nation's first Autonomous Security Force. While we continued to grow revenue and invest in next-generation platforms, we also took a decisive step to scale our operating model," said William Santana Li, Chairman and Chief Executive Officer.
With the recent acquisition of Event Risk, Knightscope is now positioned to deliver fully integrated security solutions combining machines, software, and humans at scale.
Based on active revenue under contract, Knightscope believes the Event Risk acquisition will significantly increase the Company's revenue in 2026 supporting expected triple-digit revenue growth and further advancing the Company's transition to a larger recurring, service-based operating model.
The Company enters 2026 with a stronger foundation, improved liquidity, and a broader platform to accelerate growth, enhance client outcomes, and drive toward a more scalable and profitable operating model.
Operational & Financial Context
During 2025, Knightscope continued to expand its recurring service footprint across Autonomous Security Robot ("ASR") deployments and Emergency Communication Device ("ECD") full-service maintenance programs.
Knightscope also experienced growth in ECD product sales, while navigating industry-wide supply chain constraints, including electronic component shortages, extended lead times, and increased input costs, which impacted production timing and delivery schedules.
Knightscope continued to invest in its next-generation K7 ASR platform, which remains under development with pilot commercialization expected in late 2026, subject to development progress, testing, and market conditions. In parallel, development advanced on the next generation of emergency communication systems, including the K1 Capsule and K1 Super Tower.
These technologies are being designed to operate within a unified operational framework, integrating autonomous machines, fixed infrastructure, and human operations into a single, coordinated security solution – orchestrated through an all-new AI-driven software platform, Signals.
Liquidity & Capital Resources
For the year ended December 31, 2025, Knightscope strengthened its balance sheet as it continues to execute on its growth strategy. Knightscope ended the year with $20.6 million in cash and cash equivalents, compared to $11.1 million at the end of 2024, reflecting improved liquidity and access to capital.
During the year, Knightscope invested approximately $30.3 million of cash in operating activities to support product development, platform expansion, and operational scale. These investments were offset by $42.2 million of cash provided by financing activities, primarily from equity issuances and related transactions.
Knightscope continues to prioritize disciplined capital allocation as it advances its transition to a more scalable, service-based operating model, with a focus on improving unit economics and long-term cash flow generation.
Recent Developments
On February 27, 2026, Knightscope completed the acquisition of Event Risk LLC, which is now a wholly owned subsidiary of Knightscope and will operate as the Knightscope Security Force.
The addition of the Knightscope Security Force meaningfully expands Knightscope's participation in the multi-billion-dollar security guarding market, positioning the Company to pursue a substantially larger share of industry spend. With a workforce exceeding 400 professionals, Knightscope is now equipped to compete for higher-value, enterprise-scale, and multi-location contracts that were previously out of reach. This combination strengthens the Company's ability to deliver integrated, technology-enabled security solutions, accelerating its strategy to modernize traditional guarding services while driving sustained revenue growth and expanding recurring revenue streams at scale.
Knightscope is advancing a unified "Hardware + Software + Humans" strategy to deliver a fully integrated, outcomes-driven security platform. By combining its ASRs, software platform, Risk & Threat Exposure (RTX) human-in-the-loop remote monitoring with its security force response capabilities, Knightscope is positioning itself to deliver comprehensive, end-to-end security solutions that improve deterrence, detection, response times, and overall effectiveness – a fully managed service provider that is a first in the industry.
Due to the timing of the acquisition, detailed financial results and contributions from Knightscope Security Force will be included in future filings for the quarter ended June 30, 2026.
The Market Opportunity Is Almost Too Big to Ignore
Knightscope, Inc. (NASDAQ: KSCP) is pursuing an estimated $230 billion total addressable market. This is not a niche play. Security budgets do not get cut when the economy softens. It is a legal obligation, a liability issue, and an operational imperative for virtually every organization operating in the country.
The physical security market spans public safety and government ($57B), retail and hospitality ($38B), critical infrastructure ($37B), enterprise ($34B), education ($21B), transit and smart cities ($20B), residential and community security ($18B), and healthcare ($7B). Security is a recurring societal problem that requires a recurring solution.
Management
William Santana Li - Chairman and CEO: Founded Knightscope in 2013 after more than a decade at Ford Motor Company and leadership roles in automotive and security-focused ventures including GreenLeaf LLC, later part of LKQ Corporation (NASDAQ: LKQ), and Carbon Motors Corporation. Focused on using advanced technology to help make the United States the safest country in the world.
Apoorv S. Dwivedi - EVP and Chief Financial Officer: Deep finance and corporate strategy experience from GE Finance, Cox Automotive, and Sears. Previously served as CFO of Nxu, Inc. during its Nasdaq listing in 2022.
Mercedes Soria - EVP and Chief Intelligence Officer / CISO: Over 15 years of experience in systems development, software architecture, and cybersecurity.
Board of Directors: William G. Billings (GlobalFoundries, Airbnb, GE) | Robert A. Mocny (Former DHS Senior Executive, led national biometric and border security programs post-9/11) | Melvin W. Torrie (Founder & CEO, Autonomous Solutions Inc. — clients include NASA, Toyota, Komatsu, Doosan).
NEWS
Mar 30, 2026 - Knightscope Reports 2025 Results, Advances Autonomous Security Force
Mar 17, 2026 Knightscope Quadruples Workforce to Over 400 Strong; Company Approves Inducement Grants Under Nasdaq Rule 5635(c)(4)
Mar 3, 2026 - Knightscope Acquires Event Risk to Accelerate Autonomous Security Force Strategy
Feb 5, 2026 Knightscope Retains Lake Street to Support Growth Through Acquisitions
Dec 17, 2025 Knightscope Accelerates Past Another $1 Million in New Sales, Renewals & Expansions
Nov 13, 2025 Knightscope Unveils the All-New K7 Autonomous Security Robot
Nov 13, 2025 Knightscope Reports 24% YoY Revenue Growth for 3Q 2025
Nov 12, 2025 Knightscope Achieves Another $1 Million in New Sales and Renewals Expanding Recurring Revenue Base
Oct 14, 2025 Knightscope Surpasses Yet Another $1M Milestone in New Sales Won and Renewals
Sep 4, 2025 Knightscope Signs Another $1M in Renewals, Expansions and New Sales Won
Aug 13, 2025 Knightscope Reports Second Quarter 2025 Financial Results
Sincerely,
The Editor
Notes
1 https://www.knightscope.com/america
2 https://www.knightscope.com/america
3 https://www.bls.gov/ooh/protective-service/security-guards.htm
4 https://www.businesswire.com/news/home/20250403213335/en/
5 https://www.businesswire.com/news/home/20251113525027/en/
6 https://www.businesswire.com/news/home/20251113250459/en/
7 https://www.businesswire.com/news/home/20260205409078/en/
8 https://www.businesswire.com/news/home/20260317081578/en/
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