NASDAQ$SWMR

Swarmer Inc · Q1 2026 earnings

Q1 2026 earnings ·

Briefing

Sow Good reported Q1 2026 revenue of $20.3K with a net loss of $4.5M as a pre-scale software company.

For the quarter ended March 31, 2026, Sow Good reported revenue of $20.3 thousand, down from higher prior-year levels tied to a single large customer, with substantially all revenue from Europe. Net loss was $4.5 million versus $0.7 million a year ago. Accumulated deficit was $15.1 million.

  • Revenue $20.3K; customer concentration in Europe.
  • Net loss $4.5M on R&D and SG&A for software platforms.
  • Accumulated deficit $15.1M.
  • Early-stage revenue limits operating leverage.

Headline financials

Total Revenue

$20.3K

No prior period
EPS

-$0.28

No prior period
Capital Expenditures

-$124K

No prior period
Free Cash Flow

-$4.4M

No prior period
Net Income

-$4.46M

No prior period
Operating Income

-$4.51M

No prior period
Gross Profit

-$19.6K

No prior period
Cash & Equivalents

$23.5M

No prior period
Total Assets

$24.9M

No prior period

Revenue & EPS history

Swarmer Inc · Revenue · Quarterly

$20.3K

Q1 2026

Forward guidance

No quantitative guidance; geographic expansion into EU and U.S. planned.

Tailwinds

  • Cost structure reflects investment in core software technology.
  • Prior-year quarter had lower loss on higher revenue.

Headwinds

  • Revenue decline on fewer license activations.
  • Needs additional equity financing per disclosures.

Discussion

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