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Swarmer (Nasdaq: SWMR) reported Q1 2026 revenue of $20,325, down from $110,704 in Q1 2025, as its largest Ukraine customer wound down. Gross loss was $19,599 and net loss was $4.5 million. Operating expenses rose to $4.5 million. Cash reached $23.5 million after a $17.3 million IPO and $3.5 million Series A-1 raise. Operationally, Swarmer listed on Nasdaq, won a $2.8 million software contract, expanded into Japan, signed an MoU with HIMERA, advanced a counter-drone solution, and appointed a new Chief Product Officer.
Swarmer (NASDAQ: SWMR) announced a contract from Kyiv-based Meta Bureau for more than 16,000 software licenses for SkyKnight quadcopter bombers and other UAVs. The deal has an initial value of $2.86 million and could total up to $13.2 million if all options are exercised.
The agreement covers full-platform and OS-only licenses for Swarmer’s OS, AI, and UI, with OS licenses upgradable over the air. Swarmer also expects additional real-world combat mission data to refine its autonomy software.
Swarmer (NASDAQ: SWMR) announced a collaboration with X-Drone, Norda Dynamics and Kara Dag Technologies to develop an integrated, deployable drone interceptor system for aerial and maritime threats.
The project combines detection, targeting, guidance and interceptor drones using Swarmer’s hardware-agnostic, AI-powered swarm autonomy platform, targeting Group 1-3 UAVs and unmanned surface vessels up to eight meters.
Swarmer (Nasdaq: SWMR) announced a partnership with Rakuten to introduce Swarmer’s advanced autonomy solutions to Japan on May 4, 2026. Rakuten will support market entry and scaling across Japan’s robotics and unmanned systems ecosystem.
Swarmer highlighted a completed autonomous “seek and hit” demonstration using eight-inch attritable drones and cited Rakuten’s existing presence and humanitarian support for Ukraine as context for the collaboration.
Swarmer (Nasdaq: SWMR) will release financial results for the quarter ended March 31, 2026, and host a conference call and webcast on Wednesday, May 13, 2026 at 9:00 a.m. ET (6:00 a.m. PT).
According to the company, Swarmer has supported more than 100,000 real-world combat missions in Ukraine since April 2024. Financial results will be issued in a press release before the call; management will present then take questions. Call numbers and webcast registration are provided for live access and replay.
Swarmer (Nasdaq: SWMR) announced that subsidiary Swarmer Estonia OÜ signed a memorandum of understanding with HIMERA on April 29, 2026 to integrate HIMERA’s jam-resistant, frequency-hopping radios into Swarmer’s next-generation autonomy stack.
The partnership aims to combine battlefield-proven communications with autonomy software to provide an integrated, ready-to-deploy solution for multi-vehicle unmanned systems across aerial, ground and maritime domains. Swarmer says HIMERA radios will form a pre-validated communications backbone for contested environments; Swarmer reported supporting more than 100,000 real-world combat missions in Ukraine since April 2024.
Swarmer (Nasdaq: SWMR) appointed Mykhailo Nestor as chief product officer on April 24, 2026. Nestor will lead product strategy for Swarmer's autonomous drone software platform, which the company says supported more than 100,000 combat missions in Ukraine since April 2024.
The hire aligns with Swarmer's expansion into allied defense markets and emphasis on swarm coordination, multi-domain integration, AI-powered collaborative autonomy and distributed command-and-control across multiple hardware platforms. Nestor joins from Kyivstar, where he led large-scale digital products and helped create Kyivstar.Tech.
Swarmer (Nasdaq: SWMR) closed its underwritten initial public offering on March 18, 2026, selling 3,450,000 newly issued shares, including the full exercise of a 450,000-share underwriters’ option, at $5.00 per share.
Net proceeds were approximately $14.7 million. Shares are listed on the Nasdaq Capital Market. Proceeds are intended for operations, capability expansion, hiring, hardware integration, and general corporate purposes.
Swarmer (NASDAQ:SWMR) priced its initial public offering of 3,000,000 shares at $5.00 per share, generating gross proceeds of approximately $15.0 million before underwriting discounts and offering expenses. The underwriter has a 30-day option for 450,000 additional shares (15%).
Shares are expected to begin trading on the Nasdaq Capital Market on March 17, 2026, and the offering is expected to close on or about March 18, 2026.