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 · Building Products & Equipment
Current price
$1.12
52-week range
$1.00 - $7.62
Market cap
$26.57M
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 7.5% (peer median: 8.7%).
What this company does
Knightscope, Inc.
Knightscope builds and deploys self-driving security robots and emergency communication systems, like blue-light call boxes you might see on a college campus. The company makes money primarily by charging clients a subscription fee to use its robots and monitoring software. This creates recurring revenue (predictable income that comes in regularly, like a Netflix subscription), which can help make a company's financial performance more stable over time.
How the company got here
Knightscope was founded in 2013 with the goal of using technology to reduce crime, a mission inspired in part by the Sandy Hook Elementary School shooting. The company focuses on creating autonomous (self-driving) security robots to patrol areas like malls and parking lots. After years of development and raising money from a wide range of investors, Knightscope became a publicly traded company on the Nasdaq stock exchange in January 2022. A key event was the 2026 acquisition of a company called Event Risk, which added human security guards and executive protection services to their offerings.
What it actually does
Knightscope provides security services by combining robots, software, and human guards. Imagine a security robot that looks like a futuristic cone patrolling a parking lot; it can read license plates, detect unusual activity with thermal sensors, and stream video back to a command center. The company doesn't just sell the robots; it offers them as a service, which includes the hardware, software, maintenance, and support, all for a recurring fee, similar to how you might pay for a monthly cell phone plan. This service is used by a variety of clients, from corporations and hospitals to schools and local governments, to help deter crime and monitor their properties.
Autonomous Security Robots (ASRs)
This is the company's best-known business, featuring its line of self-driving robots (models include the K1, K3, K5, and K7) designed for different environments like indoor spaces, outdoor areas, and rough terrain. Clients don't buy the robots outright but pay a subscription fee, known as a Machine-as-a-Service (MaaS) model, which covers everything from the robot itself to 24/7 support and software updates. This part of the business aims to provide a constant, visible security presence that is more cost-effective than hiring human guards around the clock. While a core part of their identity, ASR subscriptions currently represent the smallest portion of the company's revenue.
Emergency Communication Devices (ECDs)
This segment includes products like blue light towers and emergency e-phones often seen on college campuses, in parks, or in large parking lots. These devices provide a one-touch way for people to connect with emergency services or security personnel. Knightscope makes money by selling the physical devices and through ongoing maintenance and service contracts. This business line has been a significant contributor to the company's sales.
Knightscope Security Force
This is the newest and largest part of Knightscope's business, created after acquiring another security company. This segment provides traditional security services, including licensed human security guards for properties and executive protection for individuals. By adding human guards, the company can now offer a complete security package that combines the 24/7 patrolling of its robots with the on-the-ground response and judgment of human professionals. This division now generates the majority of the company's revenue (the money it brings in from sales).
What management is betting on now
Management is focused on what they call an "Autonomous Security Force," which is a strategy to combine their robots, emergency communication devices, and human guards into a single, all-in-one security service. The goal is to be a one-stop shop for security needs, where technology and people work together seamlessly. They are also focused on increasing their recurring revenue (predictable income from ongoing subscription and service fees), which they believe will lead to a more stable and profitable business model. A key priority is to continue growing revenue rapidly while working towards profitability (making more money than they spend).
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 $1.12
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 $4.22M Interest coverage -9.00x Neither company has much profit cushion over interest right now.
Total debt $3.08M 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 7.5% (peer median: 8.7%).
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)
—
Forward P/E
-0.50x
P/B
0.75x
P/S
1.28x
EV/EBITDA
-0.67x
PEG ratio
—
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
-3.41
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
—
Payout ratio
0.0%
Last ex-div date
—