Swarmer Q3 revenue falls to $25,554 as net loss widens to $9.3 million
Swarmer reported third-quarter 2026 results with revenue of $25,554, down from $35,771 a year earlier, and a gross loss of $47,093 versus $9,670 in the prior-year quarter. Net loss was about $9.3 million, compared with about $3.4 million, as operating expenses rose to about $9.4 million, and the company said cash increased mainly from equity line of credit proceeds. The reported results exclude the pending Ratel Robotics acquisition, which the company expects to close in November 2026.
Key points
- Q3 2026 revenue was $25,554 versus $35,771 in Q3 2025, primarily from support services under existing customer agreements.
- Net loss was about $9.3 million versus about $3.4 million a year earlier; operating expenses were about $9.4 million versus $0.8 million, including about $1.7 million of noncash stock-based compensation.
- Cash and cash equivalents were about $37.3 million at September 30, 2026, up from $25.3 million at June 30, 2026, driven mainly by equity line of credit proceeds.
- The Ratel Robotics acquisition is expected to close in November 2026, subject to remaining closing conditions; the filing gives no company guidance for Swarmer's own results.
The filing
Written by AI on Nov 10, 2026, 4:30 PM ET, from this filing only.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.