One-glance verdict
Not enough data
Fair value unavailable
Not enough cash-flow history to value this one with our method.
Fundamentals snapshot
Knightscope, Inc.
KSCP · NCM · Industrials · Security & Protection Services
Current price
$0.46
52-week range
$0.45 - $5.96
Market cap
$10.86M
Balance sheet
Healthy
-868.72x Concerning
Net cash $210.00K. Interest coverage shows how many times profit covers the interest bill.
What stands out
1 Reward
2 Risks
1 rewards · 2 risks
- Reward Revenue grew 82.7% last year.
- Risk Return on equity was -201.3% last year — the company lost money on shareholders' equity.
- Risk Insider ownership is only 7.4% (peer median: 8.9%).
What this company does
Knightscope, Inc.
Knightscope makes robots and technology to help keep places safe, like in malls or schools, and also offers security guards to watch over things. Most of their money comes from customers paying them to use these security services over time, which is like a steady stream of income (this is called recurring revenue). This is important because it means they can plan their business better knowing how much money they expect to make.
How the company got here
Knightscope was founded in 2013 by William Santana Li and Stacy Stephens, motivated by the Sandy Hook School Shooting. They aimed to create autonomous security robots to enhance public safety. The company shipped its first robot in 2015 and has since developed various models. After years of operation and fundraising, Knightscope became a public company through an initial public offering (IPO) in January 2022. The company's journey has involved developing advanced robotics and AI for security applications, facing both praise for crime reduction and criticism regarding privacy and job displacement.
What it actually does
Knightscope designs, builds, and deploys autonomous security robots (ASRs) that patrol various locations like malls, parking lots, and neighborhoods. These robots use self-driving technology and sensors to detect suspicious activities, read license plates, and alert authorities. The company's goal is to supplement human security teams by providing constant monitoring and immediate alerts, aiming to deter crime and improve safety. Knightscope offers its technology as a managed service, integrating robots, software, and sometimes human agents into a comprehensive security solution.
Autonomous Security Robots (ASRs)
This is Knightscope's core business, involving the development and deployment of various robot models such as the K1, K3, K5, and K7. These machines are equipped with a range of sensors, including cameras, thermal imaging, and laser scanners, to monitor environments 24/7. They can detect anomalies like unusual noises, temperature changes, or unauthorized individuals, and alert a security operations center. Clients pay an hourly rate for the use of these robots, which are designed to patrol autonomously, recharge themselves, and navigate around obstacles, providing a physical deterrent and gathering data for security analysis.
Knightscope Security Operations Center (KSOC) & AI Orchestration Software
This segment involves the software platform that powers and manages the autonomous robots. The KSOC is a browser-based interface that allows clients to access real-time data from the robots, receive alerts about abnormal events, and monitor their security operations. Knightscope also develops AI-driven software, referred to as 'Signals,' which acts as an orchestration platform. This software creates a 'digital twin' of the monitored environment, logging every patrol and sensor check, and exporting all actions for analysis. This technology helps to consolidate security data and streamline incident response.
Managed Services & Augmented Human Force
Knightscope offers its technology as a comprehensive managed service, which includes not only the robots and software but also licensed security personnel. This can include armed and unarmed security agents and executive protection services, as well as AI-enabled security analysts who work in a remote operations center. The company aims to provide an "Autonomous Security Force" by integrating these components into a single, accountable operation. This approach allows clients to have a unified security solution with a single point of contact and invoice, enhancing overall security effectiveness.
What management is betting on now
Knightscope's current strategy focuses on achieving "Profitable Growth" by streamlining operations, improving "margins" (the profit left after costs), and exploring strategic acquisitions to fuel growth and technology development. Management is prioritizing organizational effectiveness to make decision-making more efficient and is targeting specific margin goals for its product lines. The company is also looking to expand its total addressable market (TAM) by developing new robot models and securing government contracts, such as its Authority to Operate (ATO) from the U.S. Federal Government, which opens doors for federal agency deployments. Knightscope is also transitioning towards a larger "recurring revenue" (revenue that is predictable and received regularly) managed service provider model.
Price history
How the share price has moved
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Loading price history…
Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q3
$-4.74M
FY2024 Q4
$-5.11M
FY2025 Q2
$-5.67M
FY2025 Q3
$-8.10M
FY2025 Q4
$-10.85M
FY2026 Q1
$-11.71M
FY2026 Q2
$-11.78M
Revenue
$9.02M
Net income
$-14.09M
Diluted EPS
-0.79
Operating cash flow
$-11.49M
Free cash flow
$-11.78M
Fetching…
Sources
Revenue
$6.02M
Net income
$-10.32M
Diluted EPS
-0.74
Operating cash flow
$-11.60M
Free cash flow
$-11.71M
Fetching…
Sources
Revenue
$2.54M
Net income
$-11.05M
Diluted EPS
-0.84
Operating cash flow
$-10.61M
Free cash flow
$-10.85M
Fetching…
Sources
Revenue
$3.13M
Net income
$-9.54M
Diluted EPS
-0.98
Operating cash flow
$-7.87M
Free cash flow
$-8.10M
Fetching…
Sources
Revenue
$2.75M
Net income
$-6.33M
Diluted EPS
-0.90
Operating cash flow
$-5.49M
Free cash flow
$-5.67M
Fetching…
Sources
Revenue
$2.92M
Net income
$-6.90M
Diluted EPS
-1.28
Operating cash flow
$-6.38M
Free cash flow
—
Fetching…
Sources
Revenue
$2.81M
Net income
$-6.97M
Diluted EPS
-7.26
Operating cash flow
$-5.08M
Free cash flow
$-5.11M
Fetching…
Sources
Revenue
$2.54M
Net income
$-10.90M
Diluted EPS
-3.58
Operating cash flow
$-4.74M
Free cash flow
$-4.74M
Fetching…
Sources
Is it cheap or expensive?
Fair value — vs current price $0.46
We couldn't calculate a fair value right now.
Is it drowning in debt?
Healthy
Net cash $210,000 - more cash than debt. Interest coverage -868.7x.
Net debt
$-210.00K
Interest coverage
-868.72x
Knightscope, Inc.'s profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 5 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Healthy
Worse cushion
Baseline
Better cushion
KSCP
BASELINE
Knightscope, Inc.
Total debt $7.95M Interest coverage -868.72x This is the baseline the peer rows are being compared against.
Total debt $4.04M Interest coverage -9.00x Neither company has much profit cushion over interest right now.
Total debt $2.61M Interest coverage -7.35x Neither company has much profit cushion over interest right now.
Total debt $14.87M Interest coverage -970.67x Neither company has much profit cushion over interest right now.
Total debt $595.01K Interest coverage -1,068.70x Neither company has much profit cushion over interest right now.
Total debt $29.29M Interest coverage -113.63x Neither company has much profit cushion over interest right now.
What you should know
The case for and against KSCP
1 Reward
2 Risks
Rewards
-
Revenue grew 82.7% last year.
Risks
-
Return on equity was -201.3% last year — the company lost money on shareholders' equity.
-
Insider ownership is only 7.4% (peer median: 8.9%).
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
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Forward P/E
-0.23x
P/B
0.31x
P/S
0.52x
EV/EBITDA
-0.27x
PEG ratio
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Profitability
How much profit each dollar creates
Gross margin
-9.9%
Operating margin
-145.1%
Net margin
-217.3%
ROE
-201.3%
ROA
-63.4%
Health
Liquidity and balance-sheet strength
Debt / equity
0.27x
Current ratio
1.16x
Quick ratio
0.84x
Total debt
$7.95M
Total cash
$8.16M
Growth
How the business has been compounding
Revenue TTM
$20.71M
Revenue 5Y CAGR
35.1%
EPS TTM
-3.57
EPS 5Y CAGR
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Cash flow
How much cash the business throws off
Operating CF TTM
$-41.58M
Free CF TTM
$-31.00M
FCF margin
-149.7%
Dividend
Shareholder payout
Yield
0.0%
Payout ratio
—
Last ex-div date
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