Swarmer IPO: revenue, losses and offering terms from its S-1
Swarmer priced its IPO at $5 a share on 17 Mar 2026 and raised $15.0 million. Its shares trade on Nasdaq as SWMR. Revenue was $309,920 in 2025, down 6% from 2024, with a net loss of $8.5 million.
Headlines
- Revenue, 2025
- $309,920
- Down 6% on the year before
- Net loss, 2025
- $9M
- IPO price
- $5
- $15M raised
Swarmer IPO terms
From the final prospectus (424B4).
- Exchange
- The Nasdaq Capital Market
- Ticker
- SWMR
- IPO price
- $5
- Shares offered
- 3,000,000
- Raised
- $15M
- Registered
- $175M, the amount the filing fee is paid on
- Underwriters
- Lucid Capital Markets
- First filed
- 2 Feb 2026
Swarmer revenue and profit
| Period | Revenue | Operating income | Net income |
|---|---|---|---|
| 2024 | $329,410 | - | -$2M |
| 2025 | $309,920 | -$5M | -$9M |
Swarmer share structure and company facts
- Employees
- 62
- Headquarters
- Austin, TX
Swarmer shares since the IPO
Latest close 26 Oct 2026
- IPO price
- $5
- Priced 17 Mar 2026
- First close
- $31.00
- +520% on the IPO price
- Latest close
- $9.07
- +81% on the IPO price
Swarmer's IPO filings
The registration statement, each amendment and the final prospectus, oldest first.
About the data
- Terms and financials are read from Swarmer's newest prospectus (424B4 filed 17 Mar 2026) by a Kadoa workflow. Check figures that matter against the filing.
- Registered is the amount the filing fee is paid on, often a placeholder before the price range is set.
- Raised is the IPO price times the shares sold, without the underwriters' option. Trading compares the first and latest close with the IPO price.