Latest Ratios: P/E Ratio -0.5x · EV/EBITDA N/A · ROE -155.3%. (2018–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $26M | $314M | $37M | $40M | $72M | — | — | — | — |
| Enterprise Value | $10M | $297M | $31M | $40M | $78M | — | — | — | — |
| P/E Ratio → | -0.47 | — | — | — | — | — | — | — | — |
| P/S Ratio | 2.32 | 27.68 | 3.38 | 3.09 | 12.87 | — | — | — | — |
| P/B Ratio | 5.79 | 11.30 | 2.31 | 5.23 | — | — | — | — | — |
| P/FCF | — | — | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 26.20 | 2.88 | 3.12 | 13.92 | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | -42.1% | -42.1% | -34.2% | -15.8% | -58.9% | -60.4% | -39.0% | -53.1% | -121.5% |
| Operating Margin | -298.9% | -298.9% | -274.7% | -205.4% | -567.7% | -720.7% | -439.0% | -332.9% | -489.0% |
| Net Profit Margin | -298.3% | -298.3% | -293.7% | -172.8% | -455.4% | -1286.9% | -579.9% | -395.3% | -455.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | -155.3% | -155.3% | -271.8% | -292.2% | — | — | — | -16939.1% | -345.4% |
| ROA | -97.4% | -97.4% | -124.1% | -98.2% | -129.3% | -287.3% | -187.1% | -162.4% | -191.6% |
| ROIC | -238.0% | -238.0% | -242.5% | -646.6% | — | — | -9957.1% | -325.2% | -428.3% |
| ROCE | -124.2% | -124.2% | -165.1% | -190.5% | -378.1% | -314.0% | -212.6% | -263.3% | -343.6% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.14 | 0.14 | 0.36 | 0.35 | — | — | — | — | 0.05 |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.61 | -0.34 | 0.05 | — | — | — | — | -0.35 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — | — |
| Interest Coverage | -866.05 | -866.05 | -68.96 | -47.44 | -1.78 | -9.12 | -7.56 | -4.69 | — |
Net cash position: cash ($21M) exceeds total debt ($4M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.99 | 3.99 | 1.83 | 1.18 | 0.96 | 1.09 | 3.33 | 0.52 | 1.25 |
| Quick Ratio | 3.64 | 3.64 | 1.61 | 0.85 | 0.72 | 1.08 | 3.33 | 0.49 | 1.25 |
| Cash Ratio | 3.11 | 3.11 | 1.35 | 0.33 | 0.46 | 0.88 | 2.71 | 0.14 | 0.56 |
| Asset Turnover | — | 0.27 | 0.38 | 0.56 | 0.26 | 0.19 | 0.26 | 0.39 | 0.42 |
| Inventory Turnover | 6.95 | 6.95 | 8.07 | 6.39 | 3.50 | 54.64 | — | 46.33 | — |
| Days Sales Outstanding | — | 68.97 | 61.38 | 80.66 | 88.80 | 127.38 | 95.69 | 79.10 | 146.39 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.2% | 0.0% | 0.0% | — | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.2% | 0.0% | 0.0% | — | — | — | — |
| Shares Outstanding | — | $85M | $3M | $1M | $766982 | $212635 | $203780 | $203680 | $203580 |
Persistent negative gross margins
As reported in financial statements, Knightscope's gross margin of -42.13% highlights a fundamental inability to cover direct service costs, suggesting that the current unit economics remain deeply inefficient compared to traditional security service providers that typically operate with positive, albeit thin, margins.
The persistent negative gross margin indicates that the cost of maintaining the autonomous fleet and the associated human-in-the-loop monitoring service currently scales linearly with revenue. This decoupling of operational costs from top-line growth suggests that the company has yet to achieve the necessary technological maturity to reduce its reliance on expensive human oversight.
Based on the provided quarterly data, the cash conversion cycle has fluctuated significantly, reaching 49 days in 2026Q1, which indicates that the company faces ongoing challenges in managing its inventory and receivables relative to its service-heavy revenue model.
The volatility in the cash conversion cycle, particularly the wide swings in days sales outstanding, suggests that Knightscope may be experiencing friction in collecting payments from municipal and commercial clients. This inefficiency in working capital management further strains the company's limited liquidity, as cash remains tied up in operations for extended periods.
According to recent financial disclosures, Knightscope's interest coverage ratio remains deeply negative, with a figure of -688.53 in 2026Q1, underscoring the company's reliance on external equity financing rather than operational cash flow to meet its ongoing debt obligations and corporate expenses.
While the debt-to-equity ratio appears manageable at 0.11, this metric is misleading given the company's lack of positive EBITDA and persistent net losses. Investors should monitor the company's ability to service its debt without further dilutive equity raises, as the current financial structure appears highly sensitive to capital market conditions.
With a price-to-sales ratio of 2.44, the market appears to be pricing Knightscope as a venture-stage technology firm rather than an industrial services provider, implying that investors are betting on future software-driven margin expansion rather than current operational performance.
The valuation multiple suggests that the market is assigning significant value to the company's proprietary data and autonomous navigation capabilities. However, this premium warrants caution, as the current lack of profitability and slow revenue growth may not justify such a valuation if the company fails to transition toward a more scalable, high-margin software model.
The price-to-sales ratio is frequently misapplied to Knightscope, as it obscures the company's negative gross margins and the high variable costs inherent in its current 'Machine-as-a-Service' model, which requires significant human intervention for every unit deployed.
Analysts should instead focus on the 'Monitor-to-Robot' ratio or gross margin per unit to assess the true economic viability of the business. Relying on revenue multiples ignores the reality that each additional dollar of revenue currently brings a disproportionate increase in operating costs, making traditional valuation metrics potentially misleading for this specific business model.
Includes 30+ ratios · 8 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying KSCP stock.
Knightscope, Inc.'s current P/E ratio is -0.5x. This places it at the 50th percentile of its historical range.
Knightscope, Inc.'s return on equity (ROE) is -155.3%. The historical average is -266.2%.
Based on historical data, Knightscope, Inc. is trading at a P/E of -0.5x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Knightscope, Inc. has -42.1% gross margin and -298.9% operating margin.