Swarmer Reports Third Quarter 2026 Financial Results and Provides Business Update
Business Wire•10/11/2026•16:05 ET
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Key Highlights
- ➤Q3 revenue $25,554, down from $35,771 year over year
- ➤Net loss $9.3 million, versus $3.4 million prior-year quarter
- ➤Operating expenses $9.4 million, including $1.7 million stock-based compensation
- ➤Ratel expects Q4 revenue $35 million-$40 million, with 13%-17% operating margins
- ➤Vectus targets at least 40 systems in year one at estimated $5 million-$6 million MSRP
Expert Statements
Alex Fink, President and U.S. CEO of Swarmer
“The third quarter marked a pivotal period for Swarmer as we made meaningful progress toward our vision of bringing combat-tested technologies from Ukraine to allied nations,”
Alex Fink, President and U.S. CEO of Swarmer
“With the pending acquisition of Ratel Robotics, our planned acquisition of intellectual property and R&D personnel from Vataga Drone, and our expanding relationship with Vectus Air Defense, we believe we are transforming Swarmer from a standalone software provider into a supplier of integrated, end-to-end defense solutions.”
Alex Fink, President and U.S. CEO of Swarmer
“Ground vehicles, air defense and integrated autonomous drone kits represent the three pillars of our expanding market position,”
Alex Fink, President and U.S. CEO of Swarmer
“We anticipate these initiatives will strengthen our capabilities and position us to pursue larger opportunities through direct government sales.”
Alex Fink, President and U.S. CEO of Swarmer
“We remain committed to our vendor-agnostic software platform while investing in the hardware capabilities needed to deliver complete solutions with autonomy built in from the start.”
Swarmer Reports Third Quarter 2026 Financial Results and Provides Business Update
Swarmer, Inc (“Swarmer” or the “Company”) (NASDAQ: SWMR), a defense technology company whose autonomy software has supported more than 100,000 real-world combat missions in Ukraine since April 2024, today announced financial results for the third quarter ended September 30, 2026, and provided an update on its strategy and recent business developments.
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