CEO Letter · Q1 2026

Force For Good.

To Our Shareholders —

Knightscope exists for one reason: a long-term mission to make the United States of America the safest country in the world. The mission does not move in quarters. The work does, and the first quarter of 2026 moved it forward.

Revenue for the quarter was $6.0 million, up 106% year over year as reported and up 39% pro forma, like-for-like, reflecting the Security Force acquisition. Approximately 70% of revenue is now recurring. We ended the quarter with $11.4 million in cash and equivalents, 434 clients across 42 U.S. states, more than 10,000 Machines & Agents in Network, and more than 4.4 million autonomous hours logged. Figures per Q1 2026 Form 10-Q.

The model is deliberate. Security has been sold in fragments — a camera vendor here, a guard vendor there, software from a third. We sell one accountable force: an AI-driven integration of hardware, software and humans under a single agreement, monitored and remotely commanded through RTX (Risk & Threat Exposure). Recurring revenue for a recurring societal problem.

On the federal front: FedRAMP Moderate ATO achieved; FedRAMP High and DoD IL5 targeted, in partnership with Palantir FedStart. Federal locations carry requirements most vendors cannot meet, and we intend to meet them.

In September we will show the K7, our four-wheel outdoor ASR, at GSX 2026. Limited-release beta deployments are planned for the second half of 2026; the machine remains under development, and planned items and timing are subject to forward-looking statements.

Built in America to Secure America. Security. Handled.
William Santana Li Founder, Chairman & CEO · Knightscope, Inc. (NASDAQ: KSCP)

LETTER ARCHIVE

Year Letter Status
2026 Force For Good. Current

Future letters are published here each year.