0001104659-26-017547
SEC filingSwarmer, Inc. is a software-first defense technology company developing collaborative autonomy and intelligent swarming software for low-cost unmanned systems, originating from combat deployments in Ukraine since April 2024 with over 100,000 real-world missions. The vendor-agnostic platform, including Trident OS, MINAS AI, and STYX command & control, enables one operator to control multiple hardware platforms from any manufacturer across air, ground, and maritime domains. Revenue for the year ended December 31, 2025 was $309,920, down slightly from $329,410 in 2024, with net losses of $8.5 million and $2.1 million respectively, driven by $5.2 million in operating expenses primarily for R&D and SG&A. The company has firm commitments for $16.3 million in projected revenue over 12-24 months, plus $16.8 million anticipated, totaling $33.1 million. Swarmer is pursuing an IPO of 3,000,000 shares at an assumed $5.00 per share (midpoint), raising approximately $12.6 million in net proceeds before expenses, with underwriter option for 450,000 additional shares. Proceeds will fund operations, product expansion, hiring, hardware integrations, and working capital. As an emerging growth company with combat-proven technology and data advantage from Ukraine deployments, Swarmer aims to capitalize on global military drone market growth exceeding 12% CAGR through 2030, positioning as the software layer for fragmented hardware ecosystem amid rising defense spending.