Knightscope Inc (NASDAQ: KSCP) is a physical security technology company that deploys autonomous security robots, emergency communication devices, and human guarding services as an integrated managed service. Revenue is generated primarily through Machine-as-a-Service (MaaS) subscription contracts tied to hardware deployments, with service revenue from autonomous security robot (ASR) deployments representing a significant component of the recurring revenue base in FY2025. The company was formed in 2013, made its first pilot sales in 2015, and listed on the Nasdaq Stock Market in January 2022. William Santana Li serves as Chairman, Chief Executive Officer, and President, as of the 10-K filed March 27, 2026. Knightscope has not generated a profit since inception and reported net cash used in operating activities of $30.3 million in FY2025. In February 2026, the company acquired Event Risk, a licensed guarding services provider, for aggregate consideration including a $5.0 million cash payment, $4.0 million in deferred payments, and 1,724,418 shares of Class A Common Stock.

Revenue model

Recurring MaaS subscription fees tied to ASR and emergency communication device (ECD) deployments. Revenue from MaaS subscriptions remained relatively stable year-over-year in FY2025, with downtime credits applied against service-level performance obligations. The company is expanding into licensed guarding contracts through organic growth and acquisitions, including the February 2026 acquisition of Event Risk.

Products and services

Autonomous Security Robots (ASRs) including the K1 Hemisphere and K5 mobile platform (majority of mobile robot deployments in FY2025); the K7 ASR remains in development and contributed no revenue in FY2025. Emergency Communication Devices (ECDs). Software-driven orchestration platform. Licensed human guarding services, expanded via the Event Risk acquisition completed February 27, 2026. Hardware, software, and human personnel are delivered as a unified managed service under the Knightscope Autonomous Security Force brand.

Customers and end markets

Security buyers in end markets including public safety infrastructure, transportation safety, education security, and critical infrastructure. Customers typically structure security procurement using multi-layer approaches that include licensed personnel alongside automated systems. No specific customer concentration figures were disclosed in the filing excerpts.

Value-chain role

Knightscope designs, manufactures, and operates autonomous security hardware combined with software and licensed human guarding personnel, delivered as an end-to-end managed service. The company is vertically integrated across hardware production, software orchestration, and field operations. Certain specialized components are sourced from single or limited suppliers, creating supply chain dependencies that materially affected production schedules and sales in FY2025.

Geographic exposure

Primarily U.S.-based operations. The filing references UK GDPR obligations, indicating some international activity or data exposure, but no specific non-U.S. revenue figures are disclosed in the excerpts.

Source: SEC 10-K, filed 2026-03-27

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