SWMR Stock In Focus: Drone Software Provider Swarmer To Buy Ukrainian Defense Firm In $224M Deal

Swarmer (SWMR) aims for $200M in 2027 revenue after acquiring Ratel Robotics, according to Lucid Capital Markets. The deal, valued up to $224M, includes cash and shares. Swarmer's pro forma cash is $43M. Analysts set a $60 price target, with potential EV/sales and EV/EBITDA multiples based on Ratel's performance.

Swarmer, a Nasdaq-listed defense tech company, agreed to acquire Ratel Robotics, a Ukrainian combat robot maker, for up to $224M. The deal includes cash and Swarmer stock, with additional payments tied to Ratel's 2026-2028 performance. Ratel's vehicles accounted for 37% of Ukraine's unmanned ground vehicle contracts in early 2026. The acquisition aims to integrate Ratel's ground robots with Swarmer's drone coordination software, enhancing autonomous capabilities. The deal is expected to close in

Swarmer Inc. (SWMR) shares fell 41% this week due to lock-up expiration and dilution concerns from the planned Ratel Robotics acquisition. CEO Alex Fink defended the deal, highlighting Ratel's combat-tested technology and potential for unmanned ground vehicles to launch drone swarms. Retail investors remain bullish, with SWMR stock up 2% overnight. The company aims to acquire more Ukrainian tech firms.

Swarmer Inc (SWMR) shares rose 4.9% premarket after announcing a deal to acquire Ratel Robotics for up to $224M in cash and stock. Ratel, a Ukrainian UGV manufacturer, has $86M in contracts this year and accounts for 37% of Ukraine's UGV procurement spending. The acquisition is subject to approvals and will add 300 employees to Swarmer's team.

Swarmer, Inc. (SWMR) will acquire Ukrainian unmanned ground vehicle maker Ratel Robotics for up to $224 million in cash and stock, pending approvals. Ratel has $86 million in contracts this year and significant Ukrainian defense contracts. Swarmer's shares rose 2.76% in pre-market trading.

Swarmer, Inc. (SWMR) shares surged 520% in its Nasdaq debut, closing at $31 after pricing its IPO at $5 per share, raising $15 million. The company, which develops drone software, plans to use proceeds for operations and expansion. Revenue was $309,920 in 2025, with a net loss of $8.5 million. CEO Alex Fink highlighted global demand driven by conflicts and the need for battlefield automation.