Swarmer Q1 revenue drops 82% to $20K; net loss widens to $4.5M; completed IPO

Swarmer, Inc

Q1 2026 revenue $20,325 (down 82% YoY); net loss $(4.5)M vs $(0.7)M in Q1 2025.
Cash at Mar 31, 2026: $23.5M, up from $9.3M, driven by $17.3M IPO and $3.5M Series A-1 preferred.
Awarded $2.8M contract for 16,000+ software licenses for SkyKnight quadcopter bombers.
Expanded into Japan with Rakuten; MOU with HIMERA for jam-resistant radio integration.
Appointed Mykhailo Nestor as CPO; developing drone interceptor kit with partners.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Swarmer, Inc reported the quarter ended March 31, 2026 results: revenue $20,325, net income $(4.5) million.

Period: the quarter ended March 31, 2026
Revenue: $20,325
Net income: $(4.5) million
Result: reported results

Exact text from the filing

First Quarter 2026 Financial Results Results compare Q1 2026 to the 2025 first quarter ended March 31, 2025 (“Q1 2025”), unless otherwise indicated. · Revenue for Q1 2026 was $20,325 compared to $110,704 in Q1 2025. The decline reflects the wind-down of service-related deferred revenue associated with the Company’s historically largest customer in Ukraine. The

View on SEC.gov

309 earnings releases filed in the last 30 days. Browse all earnings releases →

Swarmer, Inc filing history →

Source: SEC EDGAR

accession 0001104659-26-060388

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.