The company's liquidity profile appears increasingly strained, with the current ratio tightening from 3.99 in 2025Q4 to 1.51 in 2026Q1 as cash reserves are depleted to fund operations.
| Total Current Assets | 21.04M | 26.37M | 15.1M | 8.21M | 10.09M | 13.34M | 8.79M | 2.21M | 3.49M |
| Cash & Short-Term Investments | 11.4M | 20.57M | 11.12M | 2.28M | 4.81M | 10.75M | 7.16M | 608.67K | 1.56M |
| Cash Only | 11.4M | 20.57M | 11.12M | 2.28M | 4.81M | 10.75M | 7.16M | 608.67K | 1.56M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 5.28M | 2.14M | 1.82M | 2.83M | 1.37M | 1.19M | 874.35K | 655.66K | 1.18M |
| Days Sales Outstanding | 78.27 | 68.97 | 61.38 | 80.66 | 88.8 | 127.38 | 95.69 | 79.1 | 146.39 |
| Inventory | 2.35M | 2.32M | 1.8M | 2.32M | 2.56M | 100K | 0 | 100K | 0 |
| Days Inventory Outstanding | 41.06 | 52.54 | 45.22 | 57.14 | 104.4 | 6.68 | - | 7.88 | - |
| Other Current Assets | 2.01M | 1.34M | 102K | 172K | 382K | 591K | 756.62K | 0 | 955.44K |
| Total Non-Current Assets | 38.54M | 14.89M | 13.09M | 14.76M | 11.99M | 4.24M | 4.16M | 5.53M | 3.5M |
| Property, Plant & Equipment | 3.74M | 3.81M | 1.07M | 2.31M | 2.63M | 1.19M | 3.94M | 2.17M | 3.42M |
| Fixed Asset Turnover | 3.86x | 2.98x | 10.12x | 5.53x | 2.14x | 2.85x | 0.85x | 1.39x | 0.86x |
| Goodwill | 9.6M | 1.92M | 1.92M | 1.92M | 1.34M | 0 | 0 | 0 | 0 |
| Intangible Assets | 16.71M | 924K | 1.24M | 1.56M | 2.06M | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 8.49M | 8.23M | 8.86M | 8.97M | 5.97M | 3.05M | 219.64K | 3.35M | 77.65K |
| Total Assets | 59.58M | 41.26M | 28.18M | 22.97M | 22.08M | 17.58M | 12.94M | 7.74M | 6.99M |
| Asset Turnover | 0.34x | 0.27x | 0.38x | 0.56x | 0.26x | 0.19x | 0.26x | 0.39x | 0.42x |
| Asset Growth % | 230.02% | 46.38% | 22.68% | 4.04% | 25.61% | 35.82% | 67.31% | 10.71% | - |
| Total Current Liabilities | 13.96M | 6.61M | 8.27M | 6.95M | 10.51M | 12.24M | 2.64M | 4.27M | 2.8M |
| Accounts Payable | 2.92M | 2.54M | 2.81M | 1.86M | 2.46M | 1.51M | 231.53K | 967.68K | 751.53K |
| Days Payables Outstanding | 52.82 | 57.5 | 70.77 | 45.76 | 100.2 | 101.14 | 18.24 | 76.24 | 42.14 |
| Short-Term Debt | 1.2M | 960K | 1.36M | 0 | 2.14M | 7.11M | 560.34K | 1.03M | 198.35K |
| Deferred Revenue (Current) | 6.74M | 1.29M | 1.88M | 1.98M | 1.71M | 889K | 521.58K | 556.65K | 896.14K |
| Other Current Liabilities | 7.8M | 1.82M | 682K | 1.04M | 2.02M | 893K | 1.32M | 556.62K | 958.5K |
| Current Ratio | 1.51x | 3.99x | 1.83x | 1.18x | 0.96x | 1.09x | 3.33x | 0.52x | 1.25x |
| Quick Ratio | 1.34x | 3.64x | 1.61x | 0.85x | 0.72x | 1.08x | 3.33x | 0.49x | 1.25x |
| Cash Conversion Cycle | 66.51 | 64.01 | 35.84 | 92.04 | 93 | 32.92 | - | 10.74 | - |
| Total Non-Current Liabilities | 11.61M | 6.89M | 4.14M | 8.46M | 19.38M | 31.05M | 11.33M | 7.2M | 306.13K |
| Long-Term Debt | 2.66M | 2.81M | 3.95M | 1.24M | 6.55M | 0 | 4.58M | 3.26M | 0 |
| Capital Lease Obligations | 3.01M | 0 | 0 | 711K | 1.31M | 485K | 1.13M | 1.69M | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 8.95M | 4.08M | 187K | 6.51M | 11.51M | 30.57M | 5.62M | 2.25M | 306.13K |
| Total Liabilities | 25.57M | 13.49M | 12.4M | 15.4M | 29.89M | 43.3M | 13.97M | 11.47M | 3.11M |
| Total Debt | 3.86M | 3.77M | 5.73M | 2.69M | 10.74M | 8.24M | 6.27M | 6.47M | 198.35K |
| Net Debt | -7.54M | -16.8M | -5.4M | 404K | 5.93M | -2.51M | -884.38K | 5.86M | -1.36M |
| Debt / Equity | 0.11x | 0.14x | 0.36x | 0.35x | - | - | - | - | 0.05x |
| Debt / EBITDA | -0.11x | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | 0.21x | - | - | - | - | - | - | - | - |
| Interest Coverage | -318.35x | -866.05x | -68.96x | -47.44x | -1.78x | -9.12x | -7.56x | -4.69x | - |
| Total Equity | 34M | 27.77M | 15.78M | 7.57M | -7.8M | -25.71M | -1.02M | -3.74M | 3.88M |
| Equity Growth % | 389.02% | 75.95% | 108.5% | 197% | 69.66% | -2411.94% | 72.6% | -196.36% | - |
| Book Value per Share | 2.45 | 0.33 | 5.45 | 5.74 | -10.17 | -120.93 | -5.02 | -18.34 | 19.04 |
| Total Shareholders' Equity | 34M | 27.77M | 15.78M | 7.57M | -7.8M | -25.71M | -1.02M | -3.74M | 3.88M |
| Common Stock | 16K | 12K | 4K | 2K | 38K | 19K | 10.19K | 10.18K | 10.18K |
| Retained Earnings | -237.33M | -227.01M | -193.19M | -161.46M | -139.34M | -113.7M | -69.25M | -49.25M | -36.95M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -10.18K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Persistent capital dilution risk
According to the quarterly balance sheet data, Knightscope's equity base has fluctuated significantly, rising from $7.6 million in 2023Q4 to $34.0 million by 2026Q1, a trend that appears primarily driven by external capital raises rather than organic growth or retained earnings accumulation.
The trajectory of the balance sheet suggests a reliance on equity financing to offset persistent operational losses. Investors should monitor whether this capital infusion is effectively scaling the business or merely serving as a bridge to sustain ongoing cash burn.
As reported in financial statements, Knightscope's cash position reached $11.4 million in 2026Q1, yet the current ratio of 1.51 indicates a tightening liquidity profile compared to the 3.99 ratio observed in 2025Q4, suggesting that cash reserves are being depleted rapidly to fund operations.
The volatility in the current ratio implies that the company's ability to meet short-term obligations is highly sensitive to the timing of capital raises. Without a clear path to positive operating cash flow, the liquidity buffer appears vulnerable to further erosion.
Based on the provided figures, Knightscope's total assets grew to $59.6 million in 2026Q1, with goodwill increasing to $9.6 million, which may indicate that recent acquisitions are becoming a larger, potentially less liquid component of the company's overall asset base.
The rise in goodwill warrants further investigation into the valuation of acquired entities and the potential for future impairment charges. The relatively low net PPE of $3.7 million relative to total assets suggests that the company's core robotics fleet remains a small portion of the balance sheet.
Data from the balance sheet reveals an accumulated deficit of $237.3 million as of 2026Q1, a figure that underscores the structural challenges of the business model and suggests that equity holders have absorbed significant value destruction over the past ten quarters.
This massive deficit highlights the difficulty in achieving profitability, as the company continues to burn through capital at an unsustainable rate. The persistent negative retained earnings suggest that the business model has yet to demonstrate a viable path toward self-sustaining operations.
Quick answers to the most common questions about buying KSCP stock.
As of 2025, Knightscope, Inc. (KSCP) had total assets of $41.3M including $26.4M in current assets.
Knightscope, Inc. (KSCP) carries total debt of $3.8M, offset by $20.6M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Knightscope, Inc. (KSCP) has total shareholders' equity (book value) of $27.8M ($0.33 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Knightscope, Inc. (KSCP) reported a current ratio of 3.99x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.