Knightscope Inc. (NASDAQ: KSCP) reported first-quarter revenue of $6.0 million, representing a 106% increase from $2.9 million in the same period last year, according to a company press release.

The security technology company's service revenue reached $4.2 million, up 98% year-over-year, which included approximately $2.4 million from one month of operations following its February 27 acquisition of Event Risk LLC. Product revenue totaled $1.8 million, up 128% from the prior year.

Knightscope achieved a gross margin of $0.5 million, or 8% of revenue, compared to a gross loss of $0.7 million in the first quarter of 2025. The company reported a net loss of $10.3 million, compared to a $6.9 million loss in the prior year period.

The company completed its acquisition of Event Risk for approximately $18.0 million in total consideration, which included $5.0 million in cash, debt repayment of $1.1 million, and 1,724,418 shares of Class A Common Stock. Additional payments of $4.0 million are deferred through December 2028, with contingent consideration tied to performance through 2031.

Research and development expenses increased to $4.7 million from $2.1 million in the prior year, while sales, general and administrative expenses rose to $6.1 million from $4.0 million, reflecting acquisition-related costs and expanded infrastructure.

Cash and cash equivalents decreased to $11.4 million as of March 31, 2026, from $20.6 million at December 31, 2025.

The acquisition added licensed security agent operations to Knightscope's service offerings, which the company describes as completing its operational structure integrating autonomous machines, software, monitoring and security personnel.