Swarmer, Inc. reported financial results for the second quarter ended June 30, 2026. Revenue increased to $216,413 from $138,206 in the prior year period, driven by license revenue under the SkyKnight program. Operating expenses rose significantly to $7.5 million compared to $854,847, resulting in a net loss of $(7.3) million versus $(1.6) million previously. Cash and cash equivalents totaled $25.3 million at quarter-end, bolstered by approximately $16.0 million from its IPO proceeds and an equity line of credit. The company expanded its SkyKnight contracted license value to $3.9 million with potential maximums reaching $14.2 million. Swarmer operates in the defense technology industry, specializing in vendor-agnostic autonomy software for unmanned aerial systems.
