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Swarmer — Third Quarter 2026 Earnings Summary

Swarmer, Inc. reported third-quarter 2026 revenue of $25.6 million and a net loss of approximately $9.3 million, with operating expenses rising to $9.4 million due to increased stock-based compensation. The company announced a definitive agreement to acquire Ratel Robotics, a Ukrainian unmanned ground vehicle manufacturer, with closing expected in November 2026, alongside pending acquisitions of intellectual property from Vataga Drone and a strategic partnership with Vectus Air Defense Systems. Swarmer's management highlighted a strategic shift toward integrated end-to-end defense solutions across ground vehicles, air defense, and autonomous drone kits, supported by over 100,000 combat missions conducted in Ukraine since April 2024.

Company
SWARMER INC
Sector
Technology
Industry
Software - Infrastructure