Epirus Stock Price, Valuation & IPO
Private company — Epirus is privately held. Its shares are not listed on any public exchange and can only be accessed through private secondary transactions.
Status source: AXEVIL investment team
$4.34 per share (AXEVIL consensus estimate)
Source: AXEVIL consensus of recent secondary transactions · as of 6 October 2026
Last round valuation: $1.4B
Source: Series D, March 2025, post-money
Total raised: $537M
Data last updated: 6 October 2026
About Epirus
Develops a solid-state gallium nitride Leonidas microwave cannon that disables a drone swarm with a single pulse. The US Army ordered six IFPC-HPM systems, the Marine Corps a mobile HAVOC.
Epirus is an American developer of microwave weapons against drones, founded in 2018 in Torrance, California. The Leonidas system strikes a swarm with a directed electromagnetic pulse: during tests, a swarm of 49 drones fell from a single pulse, whereas an interceptor missile costs hundreds of thousands of dollars per shot. The U.S. Army ordered six Leonidas systems for $110 million — four prototypes in 2023 for $66.1 million and two second-generation systems in 2025 for $43.5 million; the Marine Corps purchased the mobile HAVOC version. In January 2026, a memorandum was signed with Singapore's defense agency DSTA. A Series D round for $250 million led by 8VC and Washington Harbour took place in March 2025, with a total of $537 million raised.
- Sector: Defense
- Headquarters: Torrance, California, USA
- Founded: 2018
Key highlights
- U.S. Army: six systems over three years. In 2023, the army paid $66.1 million for four prototypes and received them in May 2024; in 2025, it added two second-generation units for $43.5 million. The army is not yet planning new IFPC-HPM purchases — this limits further growth with this customer.
- Marine Corps: From Trailer to Car. In 2024, the Office of Naval Research provided $5.5 million for the towed Expeditionary. In August 2026, the Marine Corps ordered HAVOC for $11 million with an option for another system, with delivery in the second quarter of 2027.
- Singapore: Gateway to Asia. Defense agency DSTA signed a memorandum in January 2026 — two weeks after Epirus reported the first drone interception on fiber optics with a microwave pulse.
Frequently asked questions
How can I buy Epirus stock before the IPO?
Not on a public exchange — Epirus is privately held. Shares change hands only in private secondary transactions. AXEVIL structures those as dedicated US special purpose vehicles for accredited investors, subject to availability and to the rules of your jurisdiction.
What is the Epirus stock price?
A private company has no single official share price. AXEVIL's consensus estimate is $4.34 per share as of 6 October 2026. Its most recent round implied a post-money valuation of $1.4B (March 2025).
What is Epirus's valuation?
Epirus's most recent funding round valued the company at $1.4B post-money (March 2025) — the latest primary-market measure of what the company is worth. Secondary trades can price its shares above or below that round.
When will Epirus IPO?
No listing has been announced. AXEVIL does not forecast IPO dates — this page states what has actually been filed or reported, with the date it was last checked.
Is Epirus publicly traded?
No. Epirus is a private company and its shares are not listed on any public exchange.
Does Epirus have a stock symbol?
No. Epirus has no ticker symbol because its shares are not listed on any exchange; a symbol is assigned only at an IPO or direct listing.
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Risk disclosure
Nothing on this page is an offer to sell or a solicitation to buy any security, and it is not investment advice. Valuations and share prices shown here are AXEVIL estimates built from primary sources — filings, announced rounds and completed secondary transactions — not quoted market prices, and they can be revised. Private-company shares are illiquid, may be impossible to sell, and the entire amount invested can be lost. Availability depends on your jurisdiction and on accredited-investor status.