$KSCP

Knightscope, Inc.

CIK:0001600983|SEC Filings

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenue, net
Total revenue, net	$ 9,024	$ 2,749	$ 15,040	$ 5,666
Cost of revenue
Total cost of revenue	8,360	3,667	13,911	7,252
Gross margin (loss)	664	(918)	1,129	(1,586)
Operating expenses:
Research and development	6,041	2,099	10,722	4,224
Sales, general and administrative	7,716	3,251	13,828	7,286
Total operating expenses	13,757	5,350	24,550	11,510
Loss from operations	(13,093)	(6,268)	(23,421)	(13,096)
Other income (expense), net:
Change in fair value of contingent consideration and acquisition-related liabilities	(1,003)		(1,003)
Interest expense, net	(69)	(73)	(84)	(154)
Other income (expense), net	75	12	98	24
Total other income (expense), net	(997)	(61)	(989)	(130)
Net loss before income tax expense	(14,090)	(6,329)	(24,410)	(13,226)
Net loss	$ (14,090)	$ (6,329)	$ (24,410)	$ (13,226)
Basic net loss per common share (in dollars per share)	$ (0.79)	$ (0.9)	$ (1.54)	$ (2.13)
Diluted net loss per common share (in dollars per share)	$ (0.79)	$ (0.9)	$ (1.54)	$ (2.13)
Weighted average shares used to compute basic net loss per share (in shares)	17,925,096	6,995,145	15,814,335	6,204,242
Weighted average shares used to compute diluted net loss per share (in shares)	17,925,096	6,995,145	15,814,335	6,204,242
Service
Revenue, net
Total revenue, net	$ 8,638	$ 2,079	$ 12,810	$ 4,187
Cost of revenue
Total cost of revenue	7,750	2,844	11,992	5,600
Product
Revenue, net
Total revenue, net	386	670	2,230	1,479
Cost of revenue
Total cost of revenue	$ 610	$ 823	$ 1,919	$ 1,652

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash Flows From Operating Activities
Net loss	$ (24,410)	$ (13,226)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	2,013	1,295
Loss on disposal of Autonomous Security Robots	125	36
(Gain)/Loss on disposal of property and equipment	30	(17)
Stock compensation expense	624	807
Change in fair value of contingent consideration and acquisition-related liabilities	1,003
Warrants issued in exchange for consulting services		43
Change in allowance for credit losses	190	16
Accrued interest	211	210
Amortization of debt discount	39	39
Changes in operating assets and liabilities:
Accounts receivable	(726)	(776)
Inventory	(366)	55
Prepaid expenses and other assets	(295)	(413)
Accounts payable	(178)	(350)
Accrued expenses and other current liabilities	(1,258)	303
Deferred revenue	(79)	(62)
Lease liabilities and other noncurrent liabilities	(22)	175
Net cash used in operating activities	(23,099)	(11,865)
Cash Flows From Investing Activities
Purchases and related costs incurred for Autonomous Security Robots	(1,323)	(1,005)
Knightscope Security Force acquisition, net of cash acquired	(5,497)
Purchases of property and equipment	(396)	(181)
Net cash used in investing activities	(7,216)	(1,186)
Cash Flows From Financing Activities
Proceeds from equity sale, net of issuance costs	18,338	10,274
Proceeds for the issuance of common stock and pre-funded warrants sold for cash, net of issuance costs		1,436
Repayments of debt obligations	(429)	(1,674)
Net cash provided by financing activities	17,909	10,036
Net change in cash and cash equivalents	(12,406)	(3,015)
Cash and cash equivalents at beginning of the period	20,566	11,226
Cash and cash equivalents at end of the period	8,160	8,211
Supplemental Disclosure of Cash Flow Information
Capital expenditures in accounts payable and other accrued expenses	116	22
Operating lease liabilities arising from obtaining right-of-use-assets	481	2,901
Contingent consideration and acquisition-related liabilities for Knightscope Security Force acquisition	5,191
Financing of insurance premiums	$ 361	$ 591

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 8,160	$ 20,566
Accounts receivable, net of allowance for credit losses of $402 and $212 as of June 30, 2026 and December 31, 2025, respectively	4,465	2,142
Inventory	2,684	2,319
Prepaid expenses and other current assets	2,104	1,344
Total current assets	17,413	26,371
Autonomous Security Robots, net	8,020	7,707
Property, equipment and software, net	1,419	1,064
Operating lease right-of-use-assets	2,915	2,745
Goodwill	9,598	1,922
Intangible assets, net	16,022	924
Other assets	539	525
Total assets	55,926	41,258
Current liabilities:
Accounts payable	3,417	2,538
Accrued expenses and other current liabilities	8,617	1,822
Deferred revenue	1,862	1,286
Operating lease liabilities, current	790	555
Debt obligations, current	337	405
Total current liabilities	15,023	6,606
Non-current liabilities:
Debt obligations, net of debt issuance costs of $199 and $238 as of June 30, 2026 and December 31, 2025, respectively	4,054	4,015
Operating lease liabilities, noncurrent	2,769	2,805
Contingent consideration and other noncurrent liabilities	4,485	66
Total liabilities	26,331	13,492
Stockholders' equity:
Additional paid-in capital	280,993	254,761
Accumulated deficit	(251,417)	(227,007)
Total stockholders' equity	29,595	27,766
Total liabilities and stockholders' equity	55,926	41,258
Class A Common Stock
Stockholders' equity:
Common stock	$ 19	$ 12