Swarmer, Inc. (SWMR)
NASDAQ (NMS) NASDAQ (NMS) Primary 
Swarmer: Taking A Small Stake Here As The Growth Plan Becomes More Clear
Swarmer is a high-margin SaaS play targeting the autonomous drone market, with a unique software-only business model. Despite a recent earnings miss, SWMR maintains strong growth prospects, aiming for $40 million in revenue by 2028 and 80%+ gross margins. SWMR's flagship Trident OS has proven deployment in Ukraine, supporting recurring revenues and a $355 million near-term market opportunity.
Swarmer Q2 Earnings Call Highlights
Swarmer NASDAQ: SWMR reported second-quarter 2026 revenue of approximately $216,000, up from $138,000 in the prior-year period, as the autonomous-systems software company completed its first full quarter as a public company. The company also reported a wider net loss as it increased spending on personnel, engineering, product development and public-company operating costs.
Swarmer Q1 Earnings Call Highlights
Swarmer NASDAQ: SWMR reported a sharp year-over-year decline in first-quarter revenue in its first earnings call as a public company, while management emphasized that the company is investing in platform development, partnerships and international expansion as it seeks to position its autonomy software for larger unmanned systems deployments.
Swarmer's 520% Debut Day Gain Masks a 2,161x Revenue Multiple and No Analyst Coverage
A $15 million IPO just spawned a ~$679 million company in two days, an almost unheard of scenario.
