---
title: "Swarmer | 8-K: FY2026 Q1 Revenue: USD 20.33 K"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286320530.md"
datetime: "2026-05-13T21:28:44.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286320530.md)
  - [en](https://longbridge.com/en/news/286320530.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286320530.md)
---

# Swarmer | 8-K: FY2026 Q1 Revenue: USD 20.33 K

Revenue: As of FY2026 Q1, the actual value is USD 20.33 K.

EPS: As of FY2026 Q1, the actual value is USD -0.28.

EBIT: As of FY2026 Q1, the actual value is USD -4.562 M.

#### Revenue

Revenue for Q1 2026 was $20,325, a decrease from $110,704 in Q1 2025. This decline was attributed to the wind-down of service-related deferred revenue from Swarmer, Inc’s largest historical customer in Ukraine, with no future revenue expected from this customer.

#### Gross Profit

Gross profit for Q1 2026 was - $19,599, compared to $65,162 in Q1 2025, primarily driven by lower revenue during the period.

#### Operating Expenses

Operating expenses for Q1 2026 increased to $4.5 million, up from $0.8 million in Q1 2025. This rise was mainly due to higher consulting and professional services expenses associated with becoming a public company, alongside increased investment in engineering and product development initiatives.

#### Net Income (Loss)

Net loss for Q1 2026 was - $4.5 million, compared to a net loss of - $0.7 million in Q1 2025, primarily reflecting the higher operating expenses.

#### Cash and Cash Equivalents

Cash and cash equivalents totaled $23.5 million at March 31, 2026, an increase from $9.3 million at December 31, 2025. This increase primarily reflects gross proceeds of approximately $17.3 million from Swarmer, Inc’s initial public offering and approximately $3.5 million from the sale of Series A-1 convertible preferred stock.

#### Cash Flow from Operating Activities

Net cash used in operating activities was - $4,277,048 for Q1 2026, compared to - $681,797 for Q1 2025.

#### Cash Flow from Investing Activities

Net cash used in investing activities was - $124,331 for Q1 2026, primarily due to the purchase of property and equipment. There were no investing activities in Q1 2025.

#### Cash Flow from Financing Activities

Cash provided by financing activities was $18,616,305 for Q1 2026, which included $16,015,000 from the initial public offering (net of underwriting discounts) and $3,472,095 from the sale of Series A-1 convertible preferred stock. No financing activities were reported for Q1 2025.

#### Operational Highlights

During Q1 2026, Swarmer, Inc successfully listed on the Nasdaq Capital Market, raising $17.3 million in cash proceeds from its initial public offering. The company was also awarded a $2.8 million contract for over 16,000 software licenses for SkyKnight quadcopter bombers and other unmanned aerial vehicles.

#### Outlook / Guidance

Swarmer, Inc aims to expand adoption across a wider range of unmanned platforms and deepen integration with leading manufacturers. The company plans to support programs as they transition from development into scaled deployment. Swarmer, Inc aspires to become a foundational software layer for autonomous and collaborative systems to enable long-term growth.

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