Knightscope Reports 106% Revenue Surge in Q1 2026, Driven by Strategic Acquisition
Knightscope's first-quarter revenue more than doubled year-over-year to $6 million, with positive gross margins, following its acquisition of Event Risk LLC to integrate all four pillars of its Autonomous Security Force.
Knightscope, Inc. (NASDAQ: KSCP), a provider of autonomous security solutions, announced financial results for the first quarter ended March 31, 2026, revealing total revenue of $6 million, a 106% increase from $2.9 million in the same period last year. The company also reported a positive gross margin of $0.5 million, or 8% of revenue, marking a significant milestone as it integrates its recently acquired security agent operations.
The revenue growth was largely fueled by the company's February 27, 2026 acquisition of Event Risk LLC, which added licensed armed and unarmed security agent capabilities to Knightscope's portfolio. This acquisition enables Knightscope to offer a unified force combining autonomous machines, advanced software, and human security agents under a single managed service, which the company dubs the “Autonomous Security Force.” According to the press release, the acquisition brings all four pillars of this force under one company, enhancing its value proposition to commercial and government clients across the United States.
The financial results underscore Knightscope's transition from a technology developer to a managed service provider with a comprehensive security solution. The company's ability to achieve positive gross margins, albeit modest at 8%, signals improving operational efficiency and pricing power as it scales. For investors, the 106% revenue growth highlights strong market demand for integrated security services that blend robotics with traditional guarding.
Knightscope's business model centers on building what it calls the nation's first Autonomous Security Force, a unified system accountable for protecting people, property, and places. The company serves a diverse client base, including corporate campuses, hospitals, and government facilities. With the integration of Event Risk, Knightscope can now offer a full spectrum of security services, potentially increasing contract sizes and customer retention.
The full details of the quarterly results and the acquisition can be found in the company's newsroom at https://ibn.fm/UAktF. For ongoing updates, Knightscope maintains a newsroom at https://ibn.fm/KSCP.
The implications of this announcement are significant for the security industry. Knightscope's ability to double revenue while achieving positive margins suggests that the market for autonomous security solutions is maturing. As companies and government agencies seek to reduce costs and improve security outcomes, integrated models combining technology and human agents may become the standard. Knightscope's early mover advantage in this space positions it well to capture further market share, though investors will watch for sustained profitability and the successful integration of acquisitions.