Swarmer Shares Soar 520% to $31, Valuation Tops $380 Million
Swarmer Inc. shares climbed from their $5 IPO price to $31, a 520% gain that pushed its valuation to $380 million after trading halts. The Austin-based company sold 3 million shares at $5 to raise $15 million, while 2025 revenue totaled $309,920 against an $8.5 million net loss.
1. Debut Trading Performance
On its Nasdaq debut, Swarmer’s stock leapt from the $5 offering price to an intraday peak of $40 before settling at $31. Repeated trading halts were triggered as shares gained over 520%, reflecting intense investor demand for AI-driven defense technology.
2. Capital Raise and Valuation
The company issued 3 million shares at $5 each, raising $15 million and initially valuing the business at just over $60 million. By the close of trading, outstanding shares implied a valuation exceeding $380 million.
3. Financial Profile and Technology
Despite the explosive market debut, Swarmer reported just $309,920 in revenue for 2025, down 6% year-over-year, and a net loss of $8.5 million. Its AI platform, capable of controlling up to 690 drones, has supported over 100,000 missions in Ukraine since April 2024.