Ondas (ONDS) Company Report

Ondas Inc. has entered into a definitive agreement to acquire 100% of Rotron Aero, a UK-based developer of advanced unmanned aerial platforms, defense-grade aero-engines, and one-way effector systems.
This acquisition will expand Ondas Autonomous Systems' capabilities to include long-range strike and attritable unmanned capabilities for NATO and allied defense partners.
The acquisition will strengthen Ondas' presence in the United Kingdom, providing expanded access to European defense markets and increased alignment with U.S., NATO, and allied modernization priorities.
The consideration for the acquisition will be in the form of cash and stock, and the transaction is subject to customary closing conditions and regulatory approvals.

5 days ago

8-K

Ondas to Launch Defense and Security Offering

ONDS

Product Launch

New Projects/Investments

Ondas Inc. (ONDS) announced on January 30, 2026, that it will formally launch its new Ondas Defense and Security offering at the Singapore Airshow 2026.
This launch marks a major milestone in the company's strategic evolution and global expansion across defense, homeland security, and public safety markets.
The offering includes refreshed branding, a forward-looking 2026 product and technology roadmap, and a comprehensive solution portfolio designed to address complex security threats.
Ondas will present its vision for governing low-altitude airspace and the ground beneath it as a single autonomous operational domain, integrating robotics platforms, sensors, and effectors under one command-and-control layer.

8 days ago

8-K

Ondas Inc. Enters into Amended Investor Agreements and Extends Debt Maturity

ONDS

Convertible Preferred Issuance

Debt Issuance

Ondas Networks Inc. entered into an Amended and Restated Investors’ Rights Agreement and a Right of First Refusal Agreement, both dated January 16, 2026, in connection with the purchase of Series B-2 Preferred Stock by certain investors.
The Preferred Stock accrues dividends at an annual rate of 8% of the original issue price of $27.70 per share, payable in cash or additional shares of Preferred Stock. Each share is convertible into Common Stock at an initial conversion price of $27.70.
On January 16, 2026, Ondas Networks Inc. also amended the maturity date of a $1.5 million Note to December 31, 2027.

Jan 23, 2026, 9:06 PM

8-K

Ondas Holdings Inc. Reports Record 2025 Revenue and Raises 2026 Outlook

ONDS

Earnings

Guidance Update

New Projects/Investments

Ondas Holdings Inc. reported record revenue growth for 2025, with Q4 2025 revenue increasing approximately 578% and FY 2025 revenue increasing approximately 576% compared to the respective prior year periods.
Preliminary revenue for Q4 2025 was $27.0 – $29.0 million and for FY 2025 was $47.6 – $49.6 million, both exceeding prior targets.
The company set a 2026 revenue target of $170 – $180 million, an increase from the prior target of $140 million, and anticipates being EBITDA positive by Q3 2026 at the product company layer.
Ondas Holdings Inc. reported a pro forma cash balance exceeding $1.5 billion as of Q4 2025 and plans to deploy $150 million through Ondas Capital for strategic investments in unmanned and dual-use technologies.
American Robotics, an Ondas entity, submitted its Wasp platform for the $1 Billion Department of War (DoW) Drone Dominance Program.

Jan 16, 2026, 3:03 PM

8-K

Ondas Announces Name Change, Strong 2025 Results, and Ambitious 2026 Outlook

ONDS

Guidance Update

Revenue Acceleration/Inflection

New Projects/Investments

Ondas Holdings Inc. has officially changed its name to Ondas.
The company expects to report Q4 2025 revenue in the range of $27-$29 million and full-year 2025 revenue between $47.6-$49.6 million, both representing a near six-fold increase from 2024. Ondas also exited 2025 with an estimated backlog of over $65 million and over $1.5 billion in pro forma cash.
For full-year 2026, Ondas is targeting revenue of $170-$180 million, approximately 3.5 times the expected 2025 revenue, and expects bookings to reach at least $300 million.
The company aims to achieve EBITDA positive results at the OAS layer by Q3 2027 and at the parent company level by Q1 2028.
Ondas has a long-term vision of achieving $1.5 billion or more in revenue within five years and a market capitalization of $15 billion or greater.

Jan 16, 2026, 3:00 PM

Transcript

Ondas Reports Strong 2025 Financial Performance and Ambitious 2026 Outlook

ONDS

Guidance Update

Revenue Acceleration/Inflection

New Projects/Investments

Ondas reported preliminary FY 2025 revenue in the range of $47.6 - $49.6 million, exceeding its prior target of $39.5 million by 23%, and representing approximately 576% growth compared to FY 2024.
The company projects a 2026 revenue target of $170 – $180 million, which represents a 260% growth relative to the expected 2025 revenue, with bookings expected to reach at least $300 million.
Ondas maintains a strong financial position with a pro forma cash balance of over $1.5 billion as of Q4 2025 and a backlog of $65.3 million.
The company anticipates achieving positive EBITDA for its product companies by Q3 2026, with a long-term target of $1.5 billion+ revenue and 30% EBITDA margin by 2030.
Ondas is actively pursuing strategic growth through an M&A pipeline of over 20 opportunities and expects an additional +$500 million in potential revenue from its strategic program pipeline in 2026.

Jan 16, 2026, 3:00 PM

Presentation

Ondas (ONDS) Reports Strong 2025 Performance and Sets Ambitious 2026 and Long-Term Revenue Targets

ONDS

Guidance Update

Revenue Acceleration/Inflection

New Projects/Investments

Ondas (ONDS) expects to report Q4 2025 revenue of $27-$29 million and full-year 2025 revenue of $47.6-$49.6 million, representing a near six-fold increase from fiscal 2024. The company ended 2025 with an estimated backlog exceeding $65 million and pro forma cash over $1.5 billion.
For full-year 2026, Ondas is targeting revenue of $170-$180 million, approximately three and a half times its expected fiscal 2025 revenue, and anticipates bookings of at least $300 million in 2026.
Ondas aims to achieve EBITDA positive results for its product company layer by Q3 2026, for the OAS operating platform by Q3 2027, and at the parent company level by Q1 2028.
Looking further out, Ondas believes achieving $1.5 billion or more in revenue within five years (by 2030) is an achievable goal, leveraging a total addressable market of approximately $117 billion over 2025-2030 in counter-UAS, unmanned aerial systems, and unmanned ground vehicles.
The company's growth strategy includes a strategic acquisition program, having acquired six highly synergistic companies in 2025, with an M&A pipeline of over 20 targets.

Jan 16, 2026, 3:00 PM

Transcript

Ondas Holdings Inc. Reports Strong 2025 Results and Provides Ambitious 2026 and Long-Term Guidance

ONDS

Guidance Update

Revenue Acceleration/Inflection

New Projects/Investments

Ondas Holdings Inc. reported strong preliminary and unaudited financial results for 2025, with Q4 2025 revenue expected between $27 million and $29 million and full-year 2025 revenue between $47.6 million and $49.6 million, alongside an estimated backlog of over $65 million and a pro forma cash position of over $1.5 billion at year-end.
The company provided ambitious guidance for fiscal year 2026, targeting revenue of $170 million-$180 million and bookings of at least $300 million, with a long-term goal of achieving $1.5 billion or more in revenue by 2030.
Ondas expects its product company layer to become EBITDA positive by Q3 2026 and anticipates gross margins of approximately 50% across the company.
Strategically, Ondas acquired six synergistic companies in 2025, launched Ondas Capital with up to $150 million earmarked for investment, and is actively participating in the $1 billion Drone Dominance Program with its Wasp platform.

Jan 16, 2026, 3:00 PM

Transcript

Ondas Inc. Ups 2026 Revenue Target and Reports Preliminary 2025 Results

ONDS

Guidance Update

Earnings

Revenue Acceleration/Inflection

Ondas Inc. announced preliminary Q4 2025 revenue of $27.0 to $29.0 million and full-year 2025 revenue of $47.6 to $49.6 million, both exceeding prior targets.
The company has raised its 2026 revenue target to $170 to $180 million, representing a 25% increase over the previous target.
As of December 31, 2025, Ondas reported an estimated backlog of $65.3 million, a 180% increase from November 13, 2025.
Ondas's pro-forma cash balance exceeds $1.5 billion as of December 31, 2025, adjusted for a recent $1.0 billion offering.

Jan 16, 2026, 1:20 PM

8-K

Ondas Updates 2026 Revenue Guidance and Reports Increased Backlog

ONDS

Guidance Update

Revenue Acceleration/Inflection

Ondas raised its 2026 revenue forecast to $170–$180 million, which is approximately 25% above its prior $140 million target.
The company provided preliminary 2025 revenue guidance of $47.6–$49.6 million, including Q4 2025 guidance of $27.0–$29.0 million.
Ondas reported a year-end backlog of $65.3 million, representing a roughly 180% increase from the $23.3 million backlog reported on November 13, 2025.
A pro-forma cash balance exceeding $1.5 billion was noted after a recent financing.
Management aims to scale beyond deal-driven growth into a steadier defense-and-security autonomous-systems and private-wireless business.