Strategic Acquisition Expands Platform for Significant Recurring Revenue Growth

Knightscope, Inc. (NASDAQ:KSCP), a security technology company building the nation's first Autonomous Security Force, today announced financial results for the year ended December 31, 2025.

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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.

Briefing Call

Knightscope will host a briefing call to discuss its 2025 financial results. RSVP here for the webinar.

Date: Tuesday, March 31, 2026

Time: 1pm Pacific Time

About Knightscope

Knightscope is a security technology company building the nation's first Autonomous Security Force. Knightscope combines autonomous machines, advanced software, and human expertise to help protect people, property, and critical infrastructure. Knightscope's long-term mission is to make the United States of America the safest country in the world. Learn more about us at www.knightscope.com.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements can be identified by the use of words such as "should," "may," "intends," "anticipates," "believes," "estimates," "projects," "forecasts," "expects," "plans," "proposes" and similar expressions. Forward-looking statements contained in this press release and other communications include, but are not limited to, statements about Knightscope's goals, profitability, growth, prospects, reduction of expenses, outlook, and any statements related to any increase, growth and recurring revenues attributable to Knightscope's acquisition of Event Risk. Although Knightscope believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks, uncertainties and other important factors that could cause actual results to differ materially from such forward-looking statements, including the factors discussed under the heading "Risk Factors" in Knightscope's Annual Report on Form 10-K for the year ended December 31, 2025, as updated by its other filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date of the document in which they are contained, and Knightscope does not undertake any duty to update any forward-looking statements, except as may be required by law.

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Public Relations

overwatch@knightscope.com

Knightscope, Inc.

(650) 924-1025 ext. 6

Knightscope Reports 2025 Results, Advances Autonomous Security Force