Swarmer, Inc
For the period ended Mar 31, 2026. Filed May 14, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 14, 2026
SWMR$8.77-2.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Three Months Ended March 31, | ||
|---|---|---|
| Operating activities: | 2026 | 2025 |
| Net loss | $(4,458,835) | $(693,977) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation expense | 38,237 | — |
| Amortization of ROU asset | 15,690 | — |
| Share-based compensation expense | 281,880 | 10,233 |
| Changes in operating assets and liabilities: | ||
| Unbilled revenue | — | (34,269) |
| Prepaid expenses and other current assets | (220,046) | (23,036) |
| Other assets | (128,108) | (2,945) |
| Accounts payable | 98,580 | 40,890 |
| Accrued expenses and other liabilities | 133,172 | 6,570 |
| Deferred revenue | (20,332) | 14,737 |
| Operating lease liability | (17,286) | — |
| Net cash used in operating activities | (4,277,048) | (681,797) |
| Investing activities: | ||
| Purchase of property and equipment | (124,331) | — |
| Cash used in investing activities | (124,331) | — |
| Financing activities: | ||
| Proceeds from initial public offering, net of underwriting discounts | 16,015,000 | — |
| Proceeds from sale of Series A-1 convertible preferred stock | 3,472,095 | — |
| Payment of financing costs | (870,790) | — |
| Cash provided by financing activities | 18,616,305 | — |
| Effect of exchange rates on cash and cash equivalents | (26,336) | (1,785) |
| Net increase (decrease) in cash and cash equivalents | 14,188,590 | (683,582) |
| Cash and cash equivalents at the beginning of the period | 9,283,566 | 2,081,086 |
| Cash and cash equivalents at the end of the period | $23,472,156 | $1,397,504 |
| Supplemental non-cash investing and financing activities: | ||
| Conversion of Series A convertible preferred stock into common stock and pre-funded warrants | $22,485,768 | $— |
| Financing costs included in accounts payable | $22,500 | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.