Swarmer Inc Common Stock (SWMR)

FairStock Score: 20/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I look first for durable earnings power and a margin of safety. Swarmer is a 49-employee defense software firm selling autonomous drone-swarm command tools. The idea may be promising, but the financial record is not. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was just $216,413, while net income was -$7.3M and diluted EPS -$0.45. In fiscal Q1 2026, the quarter ended 2026-03-31, revenue was $20,325, net loss $4.5M, and EPS -$0.28. That is an extraordinarily high cash burn relative to sales; trailing free cash flow was -$13.0M, a -10.3% FCF yield on the $126.9M market cap at the 2026-10-13 close. The company has almost no debt (D/E 0.01), and its Altman Z-Score of 27.38 looks safe on that measure, but low debt does not create profits. Piotroski is 4/9, and ROE is -243.55% and ROCE -51.22%, reflecting a tiny or negative equity base. Price/book is 4.88, so we are paying a large multiple of book for unprofitable operations. The 52-week range of $10.58-$83.30 shows how speculative sentiment has been. Revenue growth is erratic: fiscal Q1 2026 revenue fell to $20,325 from $110,704 in fiscal Q1 2025, though Q2 2026 rose to $216,413 from $138,206 a year earlier. I see no demonstrated moat, no consistent earnings, and no margin of safety. FairStock score 20/100 and no Lynch category because there are not three years of filed results. This is speculation, not value.

In plain English: Swarmer makes software that helps military groups control groups of drones using AI. The business looks very weak right now: it brings in very little revenue and loses millions of dollars each quarter. At $10.64, the price looks expensive compared with those losses and tiny sales, even though the stock is near its 52-week low.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · fiscal Q1 2025 10-Q (period ended 2025-03-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer