Knightscope, Inc. Financials
This page shows Knightscope, Inc. (KSCP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
External financing is funding a development-stage operating model where each sale still consumes cash instead of generating it.
FY2024-FY2025 equity and liquidity improved even as losses deepened because financing inflows of$76.7M over the two years more than offset combined free cash burn of$53.5M . That means the balance sheet looks stronger mainly because capital raising outran operating losses, not because the underlying business started funding itself.
The most important operating signal is negative gross margin: FY2025 revenue of
Cash burn is coming from operations rather than capital intensity: FY2025 operating cash flow was
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Knightscope, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Knightscope, Inc. scores -8.45, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($25.0M) relative to total liabilities ($13.5M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Knightscope, Inc. passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Knightscope, Inc. generates $0.90 in operating cash flow (-$30.3M OCF vs -$33.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Knightscope, Inc. generated $11.3M in revenue in fiscal year 2025. This represents an increase of 4.9% from the prior year.
Knightscope, Inc.'s EBITDA was -$31.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 15.8% from the prior year.
Knightscope, Inc. reported -$33.8M in net income in fiscal year 2025. This represents a decrease of 6.6% from the prior year.
Knightscope, Inc. earned $-4.00 per diluted share (EPS) in fiscal year 2025. This represents an increase of 63.5% from the prior year.
Cash & Balance Sheet
Knightscope, Inc. generated -$31.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 37.8% from the prior year.
Knightscope, Inc. held $20.6M in cash against $4.0M in long-term debt as of fiscal year 2025.
Margins & Returns
Knightscope, Inc.'s gross margin was -42.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 7.9 percentage points from the prior year.
Knightscope, Inc.'s operating margin was -299.0% in fiscal year 2025, reflecting core business profitability. This is down 24.3 percentage points from the prior year.
Knightscope, Inc.'s net profit margin was -298.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 4.6 percentage points from the prior year.
Knightscope, Inc.'s ROE was -121.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 79.3 percentage points from the prior year.
Capital Allocation
Knightscope, Inc. invested $12.5M in research and development in fiscal year 2025. This represents an increase of 76.8% from the prior year.
Knightscope, Inc. invested $654K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 1420.9% from the prior year.
KSCP Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.0M+137.0% | $2.5M-18.9% | $3.1M+13.9% | $2.7M-5.8% | $2.9M+3.7% | $2.8M+11.0% | $2.5M-20.9% | $3.2M |
| Cost of Revenue | $5.6M+33.5% | $4.2M-11.6% | $4.7M+28.2% | $3.7M+2.3% | $3.6M-10.4% | $4.0M+31.6% | $3.0M-19.1% | $3.8M |
| Gross Profit | $465K+128.7% | -$1.6M-3.1% | -$1.6M-71.0% | -$918K-37.4% | -$668K+43.9% | -$1.2M-135.2% | -$506K+9.3% | -$558K |
| R&D Expenses | $4.7M+4.3% | $4.5M+19.0% | $3.8M+79.8% | $2.1M-1.2% | $2.1M+1.9% | $2.1M+17.8% | $1.8M+8.1% | $1.6M |
| SG&A Expenses | $6.1M-16.7% | $7.3M+138.5% | $3.1M+41.6% | $2.2M-46.2% | $4.0M-46.9% | $7.6M+71.5% | $4.4M+62.1% | $2.7M |
| Operating Income | -$10.3M+8.5% | -$11.3M-18.7% | -$9.5M-51.7% | -$6.3M+8.2% | -$6.8M+1.0% | -$6.9M+10.9% | -$7.7M-14.5% | -$6.8M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$10.3M+6.6% | -$11.1M-15.8% | -$9.5M-50.7% | -$6.3M+8.2% | -$6.9M+1.0% | -$7.0M+36.1% | -$10.9M-73.9% | -$6.3M |
| EPS (Diluted) | $-0.74 | N/A | $-0.98-8.9% | $-0.90+29.7% | $-1.28 | N/A | $-3.58-33.6% | $-2.68 |
KSCP Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $59.6M+44.4% | $41.3M+0.5% | $41.1M+40.5% | $29.2M-2.0% | $29.8M+5.8% | $28.2M+13.1% | $24.9M+1.5% | $24.6M |
| Current Assets | $21.0M-20.2% | $26.4M+2.2% | $25.8M+94.2% | $13.3M-22.1% | $17.1M+13.1% | $15.1M+31.0% | $11.5M+7.5% | $10.7M |
| Cash & Equivalents | $11.4M-44.6% | $20.6M+0.9% | $20.4M+148.3% | $8.2M-35.1% | $12.7M+13.8% | $11.1M+114.0% | $5.2M+98.1% | $2.6M |
| Inventory | $2.3M+1.1% | $2.3M+27.6% | $1.8M+4.4% | $1.7M+8.4% | $1.6M-10.6% | $1.8M-37.9% | $2.9M-10.7% | $3.2M |
| Accounts Receivable | $5.3M+146.7% | $2.1M-13.1% | $2.5M-1.1% | $2.5M+23.7% | $2.0M+16.3% | $1.7M-26.5% | $2.4M-32.9% | $3.5M |
| Goodwill | $9.6M+399.4% | $1.9M0.0% | $1.9M0.0% | $1.9M0.0% | $1.9M0.0% | $1.9M0.0% | $1.9M0.0% | $1.9M |
| Total Liabilities | $25.6M+89.5% | $13.5M-4.8% | $14.2M+0.4% | $14.1M+21.1% | $11.6M-6.1% | $12.4M-20.8% | $15.7M+17.1% | $13.4M |
| Current Liabilities | $14.0M+111.4% | $6.6M-7.3% | $7.1M+1.7% | $7.0M-6.7% | $7.5M-9.1% | $8.3M-28.3% | $11.5M+29.5% | $8.9M |
| Long-Term Debt | $4.0M+0.5% | $4.0M+0.5% | $4.0M+0.1% | $4.0M+0.5% | $4.0M+0.5% | $4.0M+0.5% | $3.9M+0.4% | $3.9M |
| Total Equity | $34.0M+22.5% | $27.8M+3.2% | $26.9M+77.9% | $15.1M-16.8% | $18.2M+15.1% | $15.8M+70.5% | $9.3M-17.2% | $11.2M |
| Retained Earnings | -$237.3M-4.5% | -$227.0M-5.1% | -$216.0M-4.6% | -$206.4M-3.2% | -$200.1M-3.6% | -$193.2M-3.7% | -$186.2M-6.2% | -$175.3M |
KSCP Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$11.6M-9.4% | -$10.6M-34.8% | -$7.9M-43.4% | -$5.5M+13.9% | -$6.4M-25.6% | -$5.1M-7.2% | -$4.7M-17.5% | -$4.0M |
| Capital Expenditures | $111K-54.1% | $242K+4.8% | $231K | N/A | N/A | $31K+287.5% | $8K | N/A |
| Free Cash Flow | -$11.7M-8.0% | -$10.9M-34.0% | -$8.1M | N/A | N/A | -$5.1M-7.7% | -$4.7M | N/A |
| Investing Cash Flow | -$6.3M-902.9% | -$630K+10.8% | -$706K+4.2% | -$737K-64.1% | -$449K+35.7% | -$698K+2.6% | -$717K+17.5% | -$869K |
| Financing Cash Flow | $8.8M-23.3% | $11.4M-45.0% | $20.8M+1067.9% | $1.8M-78.5% | $8.3M-29.4% | $11.7M+45.7% | $8.0M+59.3% | $5.0M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
KSCP Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 7.7%+71.5pp | -63.8%-13.7pp | -50.1%-16.8pp | -33.4%-10.5pp | -22.9%+19.4pp | -42.3%-22.3pp | -20.0%-2.5pp | -17.4% |
| Operating Margin | -171.7%+273.0pp | -444.7%-141.0pp | -303.7%-75.7pp | -228.0%+6.1pp | -234.1%+11.1pp | -245.1%+60.2pp | -305.4%-94.3pp | -211.1% |
| Net Margin | -171.5%+263.8pp | -435.4%-130.7pp | -304.7%-74.4pp | -230.2%+6.2pp | -236.4%+11.2pp | -247.7%+182.5pp | -430.1%-234.4pp | -195.8% |
| Return on Equity | -30.3%+9.4pp | -39.8%-4.3pp | -35.5%+6.4pp | -41.9%-3.9pp | -38.0%+6.2pp | -44.1%+73.7pp | -117.8%-61.7pp | -56.1% |
| Return on Assets | -17.3%+9.5pp | -26.8%-3.5pp | -23.2%-1.6pp | -21.7%+1.5pp | -23.1%+1.6pp | -24.7%+19.0pp | -43.8%-18.2pp | -25.5% |
| Current Ratio | 1.51-2.5 | 3.99+0.4 | 3.62+1.7 | 1.90-0.4 | 2.27+0.4 | 1.83+0.8 | 1.00-0.2 | 1.21 |
| Debt-to-Equity | 0.12-0.0 | 0.140.0 | 0.15-0.1 | 0.26+0.0 | 0.22-0.0 | 0.25-0.2 | 0.42+0.1 | 0.35 |
| FCF Margin | -194.7%+232.8pp | -427.6%-168.8pp | -258.7% | N/A | N/A | -181.5%+5.6pp | -187.1% | N/A |
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Frequently Asked Questions
What is Knightscope, Inc.'s annual revenue?
Knightscope, Inc. (KSCP) reported $11.3M in total revenue for fiscal year 2025. This represents a 4.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Knightscope, Inc.'s revenue growing?
Knightscope, Inc. (KSCP) revenue grew by 4.9% year-over-year, from $10.8M to $11.3M in fiscal year 2025.
Is Knightscope, Inc. profitable?
No, Knightscope, Inc. (KSCP) reported a net income of -$33.8M in fiscal year 2025, with a net profit margin of -298.3%.
What is Knightscope, Inc.'s EBITDA?
Knightscope, Inc. (KSCP) had EBITDA of -$31.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Knightscope, Inc. have?
As of fiscal year 2025, Knightscope, Inc. (KSCP) had $20.6M in cash and equivalents against $4.0M in long-term debt.
What is Knightscope, Inc.'s gross margin?
Knightscope, Inc. (KSCP) had a gross margin of -42.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Knightscope, Inc.'s operating margin?
Knightscope, Inc. (KSCP) had an operating margin of -299.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Knightscope, Inc.'s net profit margin?
Knightscope, Inc. (KSCP) had a net profit margin of -298.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Knightscope, Inc.'s return on equity (ROE)?
Knightscope, Inc. (KSCP) has a return on equity of -121.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Knightscope, Inc.'s free cash flow?
Knightscope, Inc. (KSCP) generated -$31.0M in free cash flow during fiscal year 2025. This represents a -37.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Knightscope, Inc.'s operating cash flow?
Knightscope, Inc. (KSCP) generated -$30.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Knightscope, Inc.'s total assets?
Knightscope, Inc. (KSCP) had $41.3M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Knightscope, Inc.'s capital expenditures?
Knightscope, Inc. (KSCP) invested $654K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Knightscope, Inc. spend on research and development?
Knightscope, Inc. (KSCP) invested $12.5M in research and development during fiscal year 2025.
What is Knightscope, Inc.'s current ratio?
Knightscope, Inc. (KSCP) had a current ratio of 3.99 as of fiscal year 2025, which is generally considered healthy.
What is Knightscope, Inc.'s debt-to-equity ratio?
Knightscope, Inc. (KSCP) had a debt-to-equity ratio of 0.14 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Knightscope, Inc.'s return on assets (ROA)?
Knightscope, Inc. (KSCP) had a return on assets of -82.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Knightscope, Inc.'s cash runway?
Based on fiscal year 2025 data, Knightscope, Inc. (KSCP) had $20.6M in cash against an annual operating cash burn of $30.3M. This gives an estimated cash runway of approximately 8 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Knightscope, Inc.'s Altman Z-Score?
Knightscope, Inc. (KSCP) has an Altman Z-Score of -8.45, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Knightscope, Inc.'s Piotroski F-Score?
Knightscope, Inc. (KSCP) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Knightscope, Inc.'s earnings high quality?
Knightscope, Inc. (KSCP) has an earnings quality ratio of 0.90x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Knightscope, Inc.?
Knightscope, Inc. (KSCP) scores 42 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.