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Swift Rails, Inc.
OperatingIndustrial · Engineering · Founded 2019
5x faster and 40x cheaper than regular transit
Post-money valuation ⓘ
$20.7M
As of Apr 2024 · from SWIFT RAILS, INC. Preferred Stock 3 · pre-money + amount raised, not a traded price
Total raised
$652,315
Across 3 rounds since 2020
Latest share price
$11.00
SWIFT RAILS, INC. Preferred Stock 3 offering price
Financials
FY2018–FY2024 · from SEC filings · hover any figure for its source$0
−$15K
2018
$0
−$19K
2019
$0
−$225K
2020
$0
−$224K
2021
$45K
−$229K
2022
$22K
−$403K
2023
$216K
−$508K
2024
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
Income statement
Revenue
$0
$0
$0
$0
$44,890
$22,262
$215,906
Cost of goods sold
$0
$0
$0
$0
$0
$0
$0
Gross margin
—
—
—
—
100%
100%
100%
Net income
-$14,611
-$19,354
-$225,415
-$223,553
-$229,128
-$402,932
-$507,650
Taxes paid
$0
$0
$0
$0
$0
$0
$0
Balance sheet
Cash
$46,857
$1,890
$231,954
$17,129
$89,477
$192,029
$24,534
Accounts receivable
$0
$0
$1,102
$0
$32,443
$27,623
$22,063
Total assets
$70,786
$57,441
$307,315
$144,551
$260,111
$368,989
$198,891
Short-term debt
$0
$4,679
$9,536
$0
$25,275
$12,286
$172,984
Long-term debt
$0
$0
$67,600
$0
$0
$156,122
$0
Total liabilities
$0
$4,679
$77,136
$0
$25,275
$168,408
$172,984
Other
Headcount
—
5
3
3
7
6
8
Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited; no pill means the filing didn’t state one. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.
Valuation over rounds
Post-money = pre-money + amount raised · caps marked$10.3M
post-money
$15.8M
post-money
$20.7M
post-money
Swift Rails, Inc. Stock 1
SWIFT RAILS, INC. Preferred Stock 2
SWIFT RAILS, INC. Preferred Stock 3
A dashed amber step is a SAFE/note valuation cap — a conversion ceiling agreed for that instrument, not a priced valuation of the company. Steps are not comparable across bases.
Fundraising history
Raised $2.7K / $615KPost-money $20.7M
Raised $287.6K / $535KPost-money $15.8M
Raised / $1.1M
Reg CF annual-report compliance
Not requiredFiled Form C-TR (terminated reporting)
Filed 4 of 6 annual reports (FY2020–FY2025)
327 investors
holder-count proxy
Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.
SEC filings
View all 10 filings on EDGARSource: ManualCIK 0001821195Share price $11.00
About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.